Peter Sigal News Editor of Automotive News Europe [email protected] +33 6 70 96 49 77 See All Staff Page Recent Stories Stellantis takes $52 million stake in sustainable lithium miner Vulcan Energy 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. Peugeot bolsters compact lineup with 408 fastback More and more automakers are adding fastbacks to their lineups to give buyers an alternative to SUVs and hatchbacks. Mercedes names McKinsey exec Paul Gao to new post of chief strategy officer 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. Why Magna expects a big boost from industry's EV shift 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, Qualcomm CEOs say connected cars will be 'game changers' 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 to use Valeo lidar for Level 3 self-driving cars from 2024 Stellantis' first generation of 'hands-free, eyes-off' self-driving cars will use Valeo's Scala lidar systems. Renault's Alpine brand hires former VW exec as head of sales and operations The performance brand named Emmanuel Al Nawakil, who held management positions at VW and PSA, as head of sales and operations. Lobbying groups ACEA, CLEPA name new directors 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. Renault's China-built Limo EV for ride-hailing and taxis to debut in Madrid 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. Industry groups express concern after EU lawmakers back 2035 zero-emissions target 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. W. Europe sales could dip below 10 million in 2022 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. How Geely quietly built a far-reaching European footprint 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. France makes it harder to quickly resell new electric cars for profit Buyers must hold new EVs bought with government incentives for at least a year before they can resell. French sales fall 10% in May as decline slows; Hyundai, Fiat, Opel gain However, the semiconductor shortage and supply chain issues continued to suppress deliveries. Brands with big gains included Hyundai, Fiat, Opel and Kia. Mercedes-AMG One brings F1 technology to the road, but 'pushed us to our limits,' automaker says 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. Load More
Peter Sigal News Editor of Automotive News Europe [email protected] +33 6 70 96 49 77 See All Staff Page