Europe

Daimler released teaser pictures of the Mercedes-Benz EQE full-electric sedan. The EQE, an electric version of the E-Class will go on sale next year. It will debut at the IAA Munich auto show on September 6. The sedan uses Mercedes’ EVA electric platform that also underpins the EQS, the electric version of the S-Class that
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Robert Bosch is considering closing a plant in Munich that makes components for cars powered by internal combustion engines, local newspaper Muenchner Merkur said on Sunday. Germany’s coming transition from combustion to electric cars will lead to “considerable overcapacity and the need for adjustment,” according to a company spokeswoman cited by the newspaper. Demand for
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LONDON — The McLaren Group announced a 550 million pound ($758 million) equity investment, with much of it coming from Saudi Arabia’s Public Investment Fund (PIF) and global investment firm Ares Management. McLaren Group includes the British supercar maker as well as McLaren Racing, which competes in Formula One and IndyCar in the United States
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Aston Martin has unveiled its first plug-in hybrid model with the 937-hp Valhalla hypercar. The Valhalla is the second of three mid-engine models Aston Martin has promised as it shifts into segments long dominated by Ferrari. Deliveries of the delayed Valkyrie are planned to start September this year, with a lower-priced mid-engine supercar called Vanquish
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French President Emmanuel Macron will meet with executives and union representatives from the automobile sector on Monday to discuss the green transition, ahead of the publication of a sweeping climate-policy package by the European Union. The meeting will revolve around “what’s at stake for the sector,” Macron’s office said on Saturday. The European Commission is
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Opel/Vauxhall will become a pure electric brand in Europe by 2028, CEO Michael Lohscheller said. The automaker will also launch a full-electric car inspired by the 1970s Opel Manta, Lohscheller said on Thursday during on webcast detailing parent Stellantis’s new electrification strategy. “The highly emotional Manta is coming back in an all-electric version,” Lohscheller said.
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BERLIN — The German auto industry association VDA said a shortage of semiconductors would continue to negatively impact car production in the short and medium term. During the organization’s mid-year conference call with reporters on Wednesday, VDA President Hildegard Müller called for an EU-wide approach to shoring up semiconductor manufacturing capacity. Müller said the “exponential
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Volvo’s goal to sell 800,000 vehicles globally by 2020 was derailed by the pandemic, but the automaker’s rapid recovery over the last 12 months has put the target within reach again. “Right now we are on a run rate of 770,000,” Volvo CEO Hakan Samuelsson told Automotive News Europe. “I think we will finish 2021
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PARIS — Stellantis said Friday that talks were continuing with the Italian government over the possible construction of a new gigafactory in Italy. Stellantis, which already has battery factory projects in France and Germany, has said that decisions on adding gigafactories in Europe and the United States would be made this year. The company is
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