Europe

FRANKFURT — Volkswagen is accelerating plans to launch a full-electric small car that will be positioned below its ID3 compact hatchback. The entry-level EV will replace the Up minicar and potentially the Polo, company sources told Automotive News Europe. The car will be based on VW’s MEB platform like the ID3. It will start at
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DUESSELDORF — A German court on Thursday referred a patent licensing dispute between Daimler and the Finnish telecoms equipment maker Nokia to the European Court of Justice to clarify the law as it applies to supply chains. The Duesseldorf Regional Court said it would suspend proceedings in Nokia’s fight against Daimler over royalties for technology
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PARIS — Unions at Renault have approved the automaker’s plan to cut about 2,500 technical and support positions in France through voluntary measures. Positions in engineering and similar will be cut over the next two years through early retirement, retraining and buyouts. Renault hopes to trim an additional 2,100 blue-collar positions, a plan that will be negotiated
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OSLO — Tesla’s battery supplier, Panasonic, will explore opportunities to open a lithium ion battery factory in Norway with Equinor and Norsk Hydro. The factory would be “based on Panasonic’s leading technology and targets the European market for electric vehicles and other applications,” the companies said in a statement on Wednesday. The plant could supply
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SHANGHAI/BEIJING — China’s Huachen Automotive Group, parent of BMW’s China joint venture partner Brilliance Automotive Holdings, said Monday that its creditors had applied to a Chinese court to restructure the company. Huachen faces the prospect of restructuring after Gezhi Automobile Technology filed an application to the Shenyang Intermediate People’s Court, Hong Kong-listed Brilliance Auto said
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Nissan has revealed the unveiling date for its delayed new-generation Qashqai compact SUV, the automaker’s best-selling model in Europe. Final preparations are well underway for the introduction of the third-generation Qashqai next spring, ahead of its sales launch later in 2021, Nissan said in a statement on Friday. The replacement for the current Qashqai, which
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Schaeffler swung to a loss of 191 million euros ($225 million) in the third quarter on restructuring costs related to efforts to reduce its workforce and industrial capacity. The German supplier had a profit of 312 million euros in the third quarter of last year and an 8.6 percent margin. Third-quarter revenue fell 6 percent
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TOKYO — Honda has received type approval in Japan to sell vehicles with Level 3 “eyes off” autonomous driving technology. The automaker said it plans to launch sales of Legend sedan equipped with the newly approved automated driving equipment by March 31, 2021.  The approval from the Japanese Ministry of Land, Infrastructure, Transport and Tourism
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TOKYO — Suzuki Motor on Thursday forecast operating profit to fall by a quarter to 160 billion yen ($1.53 billion) in the year to March 31 after profit in its latest quarter slumped. Suzuki posted a 73.6 billion yen operating profit in the three months ended Sept 30, compared with a profit of 55.9 billion
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TOKYO – Profits at Subaru surged 18-fold in the latest quarter as the automaker rebounded from a year-earlier period when earnings were hammered by huge warranty costs. The stronger results came even as sales took a hit due to the COVID-19 pandemic, but Subaru showed signs of recovering from that slowdown as well. Reflecting the
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Every fourth or fifth Aston Martin sold in 2024 will be electrified, with a plug-in hybrid version of the DBX ultraluxury SUV arriving in 2023, CEO Tobias Moers said. The struggling British supercar maker can more rapidly electrify its lineup after securing access to advanced Mercedes-Benz technologies, including next-generation hybrid and electric powertrains. In exchange,
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MILAN — Fiat Chrysler expects the costs of launching full-electric and plug-in hybrid cars to negatively affect its money-losing European business even more in the fourth quarter than in the third quarter. That is because the industrial costs associated with the automaker’s electrification program will increase, FCA Chief Financial Officer Richard Palmer told analysts during
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Continental CEO Elmar Degenhart is stepping down amid a push by the supplier to overhaul management and speed up structural changes. Degenhart, 61, is resigning his post “for reasons of immediately necessary preventive health care,” Continental said in a statement on Thursday. The company did not name Degenhart’s successor. It said its supervisory board will
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MILAN — Italy’s biggest auto show has been postponed for a second time because of the coronavirus pandemic. The Milano Monza Open-Air Motor Show is now scheduled to take place next spring, with the exact dates yet to be announced. Italian businessman and classic car enthusiast Andrea Levy, the show’s director, said the country’s auto
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