Europe

FRANKFURT — Daimler will seek to sell its factory in Hambach, France, as the automaker pursues deeper-than-expected restructuring to overcome the fallout of the coronavirus pandemic. Daimler, which owns the Mercedes-Benz and Smart brands, had used the Hambach factory to produce electric and combustion-engined variants of its two-seater Smart vehicles, making more than 80,000 cars
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Volvo Cars and Swedish supplier Veoneer have completed the split of their automotive software joint venture Zenuity, the companies said Thursday. Under the agreement, Volvo will set up a new wholly owned company to take over Zenuity’s current development and commercialization of unsupervised autonomous driving software. As part of the agreement, Zenuity’s operations and people
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BERLIN — Tesla is scaling back plans for its first European car factory, which will no longer assemble batteries, according to revised planning documents for the site near Berlin. The changes include eliminating facilities for battery-pack production and plastic components, local authorities said Wednesday, citing documents filed by the U.S. maker of electric cars to
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The Geneva auto show will not be held in 2021, the organizers have announced. The reasons for the cancellation were lack of interest from automakers as well as the uncertain situation over the control of the coronavirus, the Geneva International Motor Show (GIMS) Foundation said in a statement on Monday. The Geneva event is Europe’s
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PARIS — PSA Group says that 5 percent of its small van sales next year will be battery-electric versions, a figure that will rise to 15 percent by 2025.  Xavier Peugeot, the head of PSA’s light-commercial vehicle unit, said that the expected growth is a result of stricter emissions regulations, especially in urban areas, where small
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BEIJING — China could temporarily ease quotas designed to boost production of electric cars in an attempt to help automakers to revive sales badly bruised by the coronavirus pandemic. China has some of the world’s strictest rules regarding the production of fossil-fuel vehicles, as it battles unhealthy levels of air pollution in its crowded cities.
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LONDON — Spanish metal parts supplier Gestamp is closing two of its five plants in the UK as slower vehicle sales impact its production in the country, the company said. Gestamp closed its factory in Fareham, southern England, in early March and will shut its plant in Washington, near Sunderland, northeast England, in 2021, the
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Tesla will postpone its annual shareholder meeting because large gatherings won’t be allowed due to COVID-19 restrictions, Elon Musk said in a tweet. The electric car maker’s CEO said in response to questions on Twitter that he’s not sure of a new date, but guessed it may be “a month or so later,” he tweeted.
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PARIS — Renault’s incoming CEO Luca de Meo said he was conscious that the automaker faced many problems, but he is confident the group could end up becoming a positive turnaround story. De Meo, addressing investors at the firm’s annual shareholder meeting on Friday before taking up his new job on July 1, said he
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The vehicle that started the luxury-SUV segment in 1970, the Range Rover, is getting a special 50th-anniversary edition this year. Land Rover said Tuesday it will build just 1,970 Range Rover Fifty models for all of its global markets. The Range Rover Fifty will be available in standard or long wheelbase and with a 5.0-liter
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BEIJING/SHANGHAI — Geely Automobile Holdings said on Wednesday its board had approved a preliminary proposal for the possible issue of renminbi shares and a listing on mainland China’s Nasdaq-like STAR board. The Zhejiang-based automaker, whose parent is Zhejiang Geely Holding Group, is currently listed on the Hong Kong Stock Exchange with a market capitalization of
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FRANKFURT — Volkswagen Group will pay a 48 percent premium to buy out the minority shareholders of premium division Audi, Audi said on Tuesday. VW Group, which already holds 99.64 percent of Audi, announced the squeeze-out plans in February. “Volkswagen AG announced and specified that it has set the cash settlement to be paid to
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PARIS — Government-backed trade-in bonuses in France will favor smaller cars, with emissions limits for internal combustion vehicles set at 137 grams per kilometer of carbon dioxide on the Worldwide harmonized Light vehicle Test Procedure (WLTP) scale. The program could boost sales in the minicar and small car segments, which have been losing ground to
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PARIS — There are early signs that substantial incentives and trade-in bonuses could help cushion the blow to European auto sales from the coronavirus crisis, officials, dealers and analysts say. Some industry experts, however, question the effectiveness of the government-backed subsidies. France, which has introduced some of the most incentives ever to encourage buyers to
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NEW DELHI — Mahindra & Mahindra plans to give up control of struggling South Korean unit SsangYong Motor, the Indian automaker’s managing director said on Friday, as it looks to exit money-losing ventures amid the coronavirus pandemic. “SsangYong needs a new investor. We are working with the company to see if we can secure investment,”
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DETROIT — Simon Sproule, FCA’s global chief communications officer since February, is leaving the company. Sproule, 51, told Automotive News Europe sister publication Automotive News his last day is Friday. He decided he wanted to do something different with his life and pursue other interests. “Simon Sproule has made the personal decision to leave FCA,”
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FRANKFURT — Volkswagen Group CEO Herbert Diess apologized to the company’s supervisory board for having made “inappropriate and wrong” statements at an internal event, VW said. The public acknowledgment that Diess had been forced to apologize to the board amounts to a severe admonishment of the chief executive, who was stripped of his leadership of
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FRANKFURT — Volkswagen Group named Ralf Brandstaetter as VW brand CEO, promoting him from his current role as the brand’s chief operating officer. The change means that VW Group CEO Herbert Diess gives up his role as VW brand CEO. The change will give Diess, 61, more time to focus on his tasks as group
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How do you put a car company on a diet? Renault and its 180,000 employees are about to find out. Under former CEO Carlos Ghosn, the mantra of Renault was growth, with a target of 5 million vehicles by 2022, a 33 percent increase from 2017’s 3.76 million. But a stagnant global automotive market, a
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