Peter Sigal

Stellantis deepens a collaboration with Vulcan, a startup that is seeking to extract lithium for electric car batteries in Germany's Rhine Valley with zero emissions.

More and more automakers are adding fastbacks to their lineups to give buyers an alternative to SUVs and hatchbacks.

Gao, who was most recently a senior partner at McKinsey in Hong Kong, will have a special focus on China, which is Mercedes-Benz's largest single market.

CEO Swamy Kotagiri says the supplier's content per vehicle is poised to rise sharply in electrified vehicles for products such as all-wheel-drive systems, while Magna's new battery enclosures business is forecast to reach sales of more than $1.5 billion by 2027.

Renault Group CEO Luca de Meo said connectivity will make cars better at the end of their life cycle than at the beginning, increasing residual values and opening up new revenue opportunities.

Stellantis' first generation of 'hands-free, eyes-off' self-driving cars will use Valeo's Scala lidar systems.

The performance brand named Emmanuel Al Nawakil, who held management positions at VW and PSA, as head of sales and operations.

Sigrid de Vries is leaving CLEPA, the suppliers' group, to be director general of ACEA, the automakers' group. Benjamin Krieger, head of government affairs at CLEPA, the suppliers' group, takes the top spot there.

The Limo, from Renault Group's Mobilize unit, has a 450 km range and will come with a full suite of services. The initial order from the Spanish company Cabify is for 40 cars.

The regulation to cut CO2 emissions from new cars by 100 percent will cost thousands of jobs and increase prices for consumers, lobbying groups said.

Supply shortages and inflation are increasing downside risks, forecaster LMC Automotive said. But some automakers say they are getting enough semiconductors to resume normal levels of production.

Starting with the acquisition of Volvo in 2010, the Chinese conglomerate now has ties to more than a dozen automotive and related companies in Europe. 

Buyers must hold new EVs bought with government incentives for at least a year before they can resell.

However, the semiconductor shortage and supply chain issues continued to suppress deliveries. Brands with big gains included Hyundai, Fiat, Opel and Kia.

The Mercedes-AMG One hypercar uses a Formula 1-inspired hybrid drivetrain. Mercedes has reportedly sold all 275 units planned for production at a price of $2.7 million.