Europe

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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BERLIN — Volkswagen is considering more cost cuts to help cope with the economic impact of the coronavirus pandemic, a spokesman for the automaker said on Saturday. The issue was recently discussed at an internal event, the spokesman said, when asked about a report in Automobilwoche, a sister publication of Automotive News Europe. “There were
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BERLIN — Germany’s Social Democrats expect difficult talks with their coalition partners, Chancellor Angela Merkel’s conservatives, on a stimulus package because they want incentives to buy a new car to exclude combustion engine vehicles. “It will take a long time and probably will not end today,” the SPD’s co-leader, Norbert Walter-Borjans, said on Tuesday. “There
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New-car sales in Spain fell 73 percent in May to 34,337 vehicles, as a government-imposed lockdown to combat the coronavirus pandemic was eased from May 11. The relaxation resulted in a smaller drop than in April, when registrations plunged 97 percent to 4,163 units. Sales to private customers dropped by 66 percent in May and
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The annual Geneva auto show was plunged into crisis in March when a late decision by Swiss authorities to prevent the spread of coronavirus forced the cancellation of the 90th event. The show’s organizers, the Geneva International Motor Show (GIMS) Foundation, initially refused to pay back stand fees to exhibitors, generating anger among automakers that
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