Polestar secures nearly 880 million euro lifeline in funding

March 01, 2024

The saga around Polestar’s financing opens up a new chapter, as the EV startup managed to draw in some serious funding from international banks. With parent Geely’s commitment, the company is secured to achieve its short-term targets. In the wake of Volvo Cars’ decision to sever ties with Polestar, the EV brand has swiftly pivoted, […]

Beherman Motors to import Chinese Farizon e-vans in Benelux

March 01, 2024

Beherman Motors has signed an agreement with the Chinese brand Farizon to import and distribute in the Benelux region. The well-known family importer, tied to Mitsubishi, Mazda, Saab, and BMW in the past, taps further into the opportunity of the nascent eLCV market and aims at a share of 5%. Farizon, a subsidiary of the […]

Leipzig starts production full electric MINI Countryman

March 01, 2024

While in the Netherlands, at VDL Nedcar in Born, for the 2,000 employees, the curtain fell in February for the production of the MINI, BMW shows it is capable of keeping production within its own factories. The first fully electric MINI Countryman models are rolling off the line in Leipzig. Leipzig is the birthplace of […]

Volkswagen inks its deal with Xpeng for two ‘smart e-cars’ for China

March 01, 2024

German carmaker Volkswagen has inked a Master Agreement with Chinese partner Xpeng on strategic technical collaboration to develop two ‘smart e-car’ models in the Chinese market’s mid-size (B) segment. These two first models should hit the market in 2026. For the time being, the collaboration is only for the Chinese market. Still, earlier in July […]

Aston Martin delays production of first EV

February 29, 2024

Aston Martin is postponing the market launch of its first electric car by one year, citing low customer demand. Instead of 2025, as previously planned, the first BEV from Aston Martin will not be launched until 2026. Aston Martin signed a supply agreement for electric drives with Lucid Motors last year in order to facilitate […]

2025 Tesla Roadster featuring sub-1 sec zero to 60 mph time?

February 29, 2024

Elon Musk has stated on X, formerly known as Twitter, that the new Tesla Roadster is coming in 2025 with a sub-1 second 0-60 mph (97 km/h) time thanks to rocket propulsion technology developed by SpaceX. Is the American electric supercar finally coming after seven years of waiting? With Cybertruck finally launched and Model Y […]

Chinese price war: BYD lowers Han sedan price by 14% (update)

February 29, 2024

China’s top EV maker, BYD, keeps on pushing further in the price war it started two weeks ago, now targeting the mid-to-high-end EV market, according to Chinese media, by lowering the prices of its Han sedan and Tang SUV hybrids by 11 to 14%. The fully electric Han gets an update as ‘Glory Edition’ costing […]

Volvo Cars introduces ‘Accident Ahead Alert’

February 29, 2024

Volvo Cars’ connected safety technology can now alert drivers of accidents ahead. You’re driving down a winding country road. It’s impossible to see beyond the bends in front of you. Suddenly, your Volvo car alerts you: there’s been an accident ahead, just around the bend. “With our new ‘Accident Ahead Alert’, we introduce another pioneering […]

Italy looking to lure other carmakers besides Stellantis (update)

February 29, 2024

The Italian government has approached the booming Chinese car manufacturer BYD to build a car plant in the country and confirmed having contact with Tesla and other carmakers. The Meloni government wants to halt the monopoly of Stellantis in that field and has contacted several other manufacturers to come and produce in Italy. “Several carmakers […]

Renault CEO calls for ‘Airbus’ of EV manufacturers in Europe

February 28, 2024

European automakers could collaborate to share development and production costs, suggests Renault Group CEO Luca de Meo. At the considerably smaller Geneva International Motor Show, the Renault Group was one of the highlights, besides the Chinese manufacturers BYD and SAIC), presenting its all-important new electric R5. Europe’s automakers, facing a stiff challenge from Chinese automakers […]

Bombshell at Apple: killing off the autonomous EV project

February 28, 2024

For the approximately 2,000 employees working for nearly a decade on the ‘Apple Car,’ the news came as a bombshell on Tuesday: the billion-dollar project will be shuttered, and people will be relocated to other projects like AI, if possible. The message was delivered to the team internally by Apple’s Chief Operating Officer, Jeff Williams, […]

Cadillac Lyriq EV starts selling in Europe (update)

February 27, 2024

After Swiss and Swedish customers had already the opportunity to order a Cadillac Lyriq electric SUV online in October, GM’s luxury brand will launch the car in France on the 23rd of March. Deliveries will begin in the first half of 2024. Germany and the UK are following a little bit later. After years of losses, […]

Ineos Fusilier: smaller and electric or range extended off-roader

February 27, 2024

Ineos Automotive, the car manufacturing subsidiary of the petrochemical giant, has unveiled its third model after the Grenadier 4×4 and Quartermaster pick-up: the Fusilier. It is co-developed and will be produced by Magna Steyr, with a fully electric or a range-extended electric drivetrain, with a projected launch date 2026. Ineos does not seem set on […]

New MG3 defies hybrid Toyota Yaris and Renault Clio

February 27, 2024

MG has set its sights on Toyota and Renault with a new generation of the MG3. The car replaces its gasoline-only range with a hybrid driveline that is more powerful and has a more extended electric range than its contenders. Simultaneously, ambitions are expanding, as MG will introduce the previously UK-only city car in other […]

Stellantis will supply up to 500,000 cars to Ayvens by 2026

February 27, 2024

Ayvens, the result of the merger between ALD Automotive and Leaseplan, has concluded a framework agreement with Stellantis to purchase up to half a million vehicles by 2026. The deal with Ayvens includes several Stellantis brands and cars with different drives, including electric. First significant delivery volumes are expected to begin in the first half […]

Fiat previews electric Panda as one of five new concepts

February 26, 2024

Fiat has previewed the new electric Panda as one of five radically styled concepts that look ahead to a range of new affordable cars due on sale worldwide by the end of the decade. Fiat’s new concepts have been revealed on the eve of the Geneva Motor Show, from which the Italian brand will be […]

Renault reveals production-ready R5 E-Tech in Geneva

February 26, 2024

Pictures of the production-ready Renault R5 had already leaked on Instagram, but Renault subsequently launched the model officially on the press day of the Geneva Motor Show. The final design stays remarkably close to the concept version, which debuted three years ago. The 5 replaces the Zoe and will accompany the 4 later this year. […]

Volvo’s stake in Polestar will shrink from 48 to 18%

February 26, 2024

Volvo Cars will reduce its stake in Polestar to 18%. To this end, the Swedish firm aims to sell shares worth 9.5 billion crowns (± €850 million) to its shareholders. In other words, first and foremost, it is to the mother company, Geely. The transaction is scheduled to be finalized this spring. The fact that […]

Salary of Stellantis CEO Tavares soars to €36.5 million record

February 26, 2024

In an unprecedented leap from the previous year, Stellantis CEO Carlos Tavares is set to receive a staggering €36.5 million in total compensation for 2023 – an increase of 56% compared to 2022. This significant rise is attributed to strong financial performance under Tavares’ leadership at the automobile manufacturing giant. With the new peak, Tavares’ […]

Renault Scenic is Car of the Year 2O24

February 26, 2024

The new Renault Scenic E-Tech Electric has been proclaimed the Car of the Year 2024 in a ceremony that took place at the Geneva International Motor Show (GIMS). The Renault Scenic E-Tech has achieved first place thanks to 329 points from 58 journalists and COTY members. For 22 jurors, this SUV was the best of […]

SAIC to bring IM Motors’ L6 electric saloon to Europe

February 23, 2024

IM Motors, the joint venture between e-commerce giant Alibaba and Chinese car manufacturer SAIC (MG, Maxus), is coming to Europe with the L6 electric saloon. It will make its debut at the Geneva Motor Show with a promised range of up to 800 km thanks to a solid-state battery. IM Motors (Intelligent in Motion) was […]

Mercedes gets cold feet about electrification timing

February 23, 2024

Mercedes-Benz is lagging behind its target for EV sales and seems to have axed its electric target for 2030. Instead of the 20% or more envisaged, battery-electric cars only accounted for 12% of total sales last year. Mercedes sold 240,668 BEVs in 2023. That’s a 73% growth and can be seen as very positive. Still, […]

BMW confronted with its own ‘dieselgate’?

February 22, 2024

The German Traffic Authority KBA (Kraftfahrt Bundesamt) has discovered that the emissions of toxic gases by some BMW diesel cars have been manipulated by illegal software. According to BMW, 33,000 X3 cars from 2014 or earlier are probably concerned in Germany alone; estimates for the EU are 100,000 to 150,000 in total. BMW says it […]

EU car registrations: EV surge slows down

February 22, 2024

According to the data of the European Car Manufacturers Association ACEA, the EU new car market in January 2024 rebounded from the slowdown experienced in December 2023, with year-on-year car registrations increasing by 12.1% to 851,690 units. Notably, the bloc’s major markets all saw significant growth, with Germany (+19.1%), Italy (+10.6%), France (+9.2%) and Spain […]

Dacia Spring 2024 is seriously updated

February 21, 2024

As already mentioned in our article on Renault’s growth, Dacia now launches a new edition of its Spring electric model. The compact electric car, which looks like a small city SUV, is facelifted inside and out. Along with its 2023 sales figures, the Renault Group announced that there will be a new edition of the […]

Koreans claim 1,000 km range using silicon in Li-ion batteries

February 21, 2024

Brainiacs from South Korea’s Pohang University of Science and Technology (Postech) have discovered a way to maximize the potential for using silicon in lithium-ion batteries for electric cars. As a result, their next-generation battery packs increase the maximum range by 30%, up to 1,000 km, and keep costs down. Has the home country of Hyundai […]

Alpine A290, to be launched in June, is tested in the cold

February 21, 2024

The sporty brother of the upcoming fully electric Renault 5 is undergoing its last test stages in arctic conditions. The launch of the first Alpine EV is foreseen for June 2024. “Our A290, the future compact B-segment electric sports car, is currently being tested in the extreme and demanding conditions of Sweden’s Lapland,” says Philippe […]

Porsche adds plug-in hybrids to Panamera range

February 20, 2024

Ultimately, the Porsche Panamera will become available with four plug-in hybrid (PHEV) drivelines, of which the automaker unveils the first two: the 4 E-Hybrid and 4S E-Hybrid. Both models can cope with approximately 100 kilometers of zero-emission driving, a reach that has grown into the new standard. Both E-Hybrids combine a cutting-edge hybrid system with […]

Volkswagen woos family men with ID.7 Tourer

February 20, 2024

In a move that further cements its position in the electric vehicle (EV) market, Volkswagen has unveiled the ID.7 Tourer, the latest in its ID series. The car offers a blend of increased cargo space and an impressive electric range. Joining the BMW i5 Touring, the ID.7 Tourer stands out as one of the few […]

French-German automotive supplier Forvia to cut 10,000 jobs

February 20, 2024

The French-German Automotive supplier Forvia plans to cut up to 10,000 jobs in Europe by 2028. That should improve the company’s competitiveness, Forvia says, and generate half a billion euros in yearly savings. Although the company, formed from the merger of Nanterre-based Faurecia and German Hella, has returned to profitability, it continues to carry heavy […]

Rust-free Tesla Cybertruck gives owners corrosion worries

February 19, 2024

Tesla’s Cybertruck community has been up in arms recently about two issues: possible rust or corrosion of the electric pickup truck’s stainless steel panels and the ability to skip the waiting line for delivery in exchange for referral credits. Let’s take a look. To recall: Tesla finally started delivering the Cybertruck to US customers at […]

Ford and GM to consider partnerships to cut EV technology costs

February 19, 2024

The CEOs of U.S. automakers Ford and General Motors said last week they would consider partnerships to cut electric vehicle technology costs as Chinese rivals move into the U.S. and European markets. “If there are ways that we can partner with others, especially on technologies that are not consumer-facing, and be more efficient with R&D […]

T&E: ‘EU carmakers are failing to deliver affordable electric cars’

February 19, 2024

Just 17% of electric cars sold in Europe are compact vehicles in the cheaper B segment, compared to 37% of new combustion engines, a new analysis finds. Carmakers are slowing EV adoption by prioritizing sales of larger, more expensive electric cars, according to Transport & Environment (T&E), which conducted the research. According to the report, […]

Stellantis posts record profits but stays prudent

February 19, 2024

For the fiscal year 2023, car manufacturer Stellantis Group recorded a net profit of € 18.63 billion (+11%) compared to last year’s € 16.78 billion. Net revenues were € 189.54 billion, up from last year’s € 179.59 billion, with consolidated shipment volumes increasing 7%. The adjusted operating income increased 1% to € 24.34 billion from […]

Scout Motors breaks ground on South Carolina factory

February 16, 2024

Scout Motors, Volkswagen’s rugged American EV brand, has broken ground on its brand-new production facility in South Carolina. Production of the off-road capable pickup truck and SUV is targeted to begin by the end of 2026, with a market launch soon after. But the models will already be revealed this summer. Scout Motors is the […]

Audi lures chief designer Frascella away from JLR

February 16, 2024

After appointing several top management positions, Audi CEO Gernot Döllner is also installing a new head of the design department. JLR’s current chief designer, Massimo Frascella, will replace Marc Lichte as Chief Designer on June 1st, although Lichte will remain with the Group. Frascella (52) has held senior positions at JLR since 2011, most recently […]

BMW chief designer posts pictures of canceled i8 successor

February 16, 2024

More than ten years ago, BMW shook the car world with its first i-cars, the i3 and the i8. In 2019, it showed a concept for a successor of the PHEV i8 sports car called Vision M Next. The canceled production version of this car, called I16, has now been revealed by BMW’s chief designer, […]

Last MINI rolls of VDL Nedcar production lines in Born

February 16, 2024

Officially, VDL Nedcar’s contract with BMW ends on March 1st, 2024. Still, the curtain drops definitively this Friday with the last MINI, a silver-grey cabrio, rolling off the production line in Born (Netherlands). On Thursday, the main assembly line came to a halt; on Friday, on three smaller lines, the finishing touch on the last […]

Renault CEO: ‘Deals with the Chinese would be beneficial for both sides’

February 15, 2024

Renault is doing well again these days. Its turnover has grown by 17,9% to €52.5 billion, with a net benefit of €2.3 billion. Its free cash flow has turned around €3 billion now and has grown by €905 million last year. More interestingly, the operational margin has increased to 7,9%, a record figure for the […]

Electric Ypsilon is the first new Lancia

February 15, 2024

On Wednesday, the revived Lancia brand launched its first car of the new era, a successor to the current Ypsilon that will be available as a pure electric car or (somewhat later) as a hybrid. It starts with a limited series of 1,906 cars (the founding date of Lancia) designed in collaboration with the famous […]

Continental Automotive to slash 7,150 jobs in R&D and administration

February 15, 2024

German automotive supplier has finally announced it will slash 7,150 jobs in its car division, of which around 5,400 jobs are in the administrative areas and a further 1,750 in research and development. That reduces roughly 3.6 percent of the German supplier’s global workforce. In November, Continental said there would be job cuts in 2024, […]

CEO Lancia: ‘We must avoid the pitfall of nostalgia’

February 14, 2024

Today, the resurrected Italian car brand Lancia launches the first car in its new product portfolio, the successor to the current Ypsilon. We presented the car in another article and talked to Lancia’s brand CEO, Luca Napolitano. Napolitano studied Business Administration in Rome and began his automotive career at Ford. In 2000, he started working […]

Chrysler Halcyon EV Concept: radical future with ‘unlimited range’

February 14, 2024

American carmaker Chrysler has presented a new concept that shows a glimpse into the brand’s electric future, however far it may be. Unlike the Airflow concept of 2022, the Chrysler Halcyon EV Concept demonstrates technologies that don’t exist. The Chrysler Halcyon EV Concept features a lithium-sulfur battery, inductive charging that could give it unlimited range […]

Stellantis to build EV drives in Hungary and switch to NACS

February 14, 2024

Stellantis will manufacture electric drives at its Hungarian plant in Szentgotthárd. The car manufacturing group will also use Tesla’s fast-charging system NACS in North America. The Stellantis Group will invest some 100 million euros in equipping its Hungarian factory accordingly. The first Electric Drive Modules made in Hungary will roll off the production line at […]

Toyota is cleaning up Daihatsu mess

February 14, 2024

On Tuesday, Toyota Motor Corp. said that the president of its small-car manufacturing unit, Daihatsu Motor Co., will step down over a safety testing scandal. The parent company will send new executives to take the lead in revamping the unit to bolster its governance. Masahiro Inoue, chief of Toyota’s operations in Latin America and the […]

Volvo CEO: ‘We don’t withdraw from Polestar entirely’

February 13, 2024

A few months ago, Volvo Cars announced that it would withdraw its interests in its sister company, Polestar. Today, Volvo confirms that it won’t be the major investor in Polestar anymore, but a total withdrawal seems out of the question. In an interview with the German newspaper Handelsblatt, Volvo CEO Jim Rowan (59) declared: “We […]

Audi will build drive systems for small BEVs in Hungary

February 13, 2024

Audi has started preparations at its plant in Györ, Hungary, to produce the new generation of electric drives called MEBeco for the Volkswagen Group’s small electric cars announced in 2025. According to Audi Hungaria, the first systems for this have arrived, and the planning of the production lines is underway. Audi had already confirmed in […]

Shell shuts down all hydrogen stations for passenger cars in California

February 12, 2024

While support for hydrogen trucks is still building, the market for hydrogen passenger vehicles simply doesn’t seem to be there. Shell has decided to close all of its seven California-based hydrogen stations for light-duty vehicles due to “supply complications and other external market factors”. The support for hydrogen-powered passenger cars seems to be dropping. Even […]

Electric Abarth 600e is most powerful Abarth ever

February 12, 2024

Abarth unveils the first picture of the pure electric New Abarth 600e as it undergoes its final tests while making its public debut. The New Abarth 600e – in its Scorpionissima launch edition – appeared for the first time in public last Thursday at the shooting of a new commercial in Milan, Italy. The new […]

Jaguar Land Rover delays timing of new EV launches

February 12, 2024

Regarding the roll-out of electric vehicles, JLR is stepping on the brakes or is at least recuperating energy. The carmaker also announced launching more plug-in hybrids, saying the demand for pure EVs has cooled down. The announcement is quite surprising as it comes when the company is seeing strong interest in the first electric Range […]

EU agrees on 90% CO2 reduction for heavy-duty transport (update)

February 12, 2024

The European Council confirmed on Friday an agreement with the EU Parliament on a 90% CO2 emission reduction by 2040 for heavy-duty vehicles and a 100% reduction for buses by 2035. It came after a last-minute debate within Germany’s coalition over the proposal, with the liberal Free Democrats (FDP), the smallest party in the three-party […]

Norway uses Designwerk e-truck as a snow plow

February 12, 2024

The Norwegian Public Roads Administration has used an electric heavy truck from Swiss boutique manufacturer Designwerk to clear snow for the first time. Thanks to the 1,000 kWh battery capacity, the truck was able to complete a full day’s plowing work with ease. Designwerk is a small, Swiss-based manufacturer of custom electric trucks. It’s partially […]

Hyundai plans two electric pickup trucks with new EV platform

February 09, 2024

Hyundai’s IMA platform, detailed last year as a successor to its current E-GMP architecture, will spawn two electric pickup trucks aimed at the US market. A trademark application for the names of these two new vehicles also gives insight into their size and place in the model range. The IMA platform, first announced in 2022 […]

Volvo to build new ‘mobility innovation center’ in Torslanda

February 09, 2024

Volvo Cars is building a new center for mobility innovations in Torslanda near Gothenburg. With this facility, Volvo wants to take new technologies out of the laboratory environment and test them in a realistic way. Volvo describes the new center, ‘ Mobility Innovation Destination Torslanda’, as a tailor-made test field for automotive development near the […]

Audi boss reshuffles management and focuses on software

February 09, 2024

As the German magazine Automobilwoche reports, Audi will focus more on software in future vehicle development. Döllner wants to set up a ‘Software Defined Vehicle’ hub to focus on new vehicle concepts across the Group’s brands. Volkswagen and the much-criticized VW software subsidiary Cariad will also participate in the hub. That means other Group brands […]

Nikola and Daimler Truck inaugurate new hydrogen stations

February 08, 2024

Nikola and Daimler Truck have inaugurated new hydrogen refueling stations in the US and Europe. While Nikola can start to move past its mobile fueling units, Daimler Truck is aiming to change the game with cheaper and more efficient subcooled liquid hydrogen stations. Nikola, the American zero-emission truck manufacturer, has opened its first HYLA hydrogen […]

EIB lends Umicore €350 million for EV battery material research

February 08, 2024

The European Investment Bank will grant Belgian Umicore an eight-year loan of 350 million euros for research. The money is intended for the technological development, innovation, and recycling of batteries for e-cars. In 2022, Umicore invested 316 million euros, or 7,6% of its revenues, in research and development. Umicore’s battery materials technologies, innovation roadmap, and […]

Trendy Swedish electric motorbike maker CAKE goes belly-up

February 08, 2024

CAKE, the nifty Swedish maker of premium lightweight, electric motorcycles and mopeds, has unexpectedly filed for bankruptcy on February 1st. The lawyer’s office, Fylgia, says attorney Jakob Callmander was appointed as the bankruptcy administrator, and tender documents are being prepared for the sale of the business. Its Swedish compatriot Polestar, Volvo’s electric sister brand, launched […]

New BMW i5 Touring officially presented

February 07, 2024

After announcing the Touring version at the new 5 Series sedan presentation and sending teaser images, BMW has officially revealed its estate version. Meanwhile, spy pictures had already leaked from a studio shoot. Now, BMW comes with the full story of the car. A flexible drive architecture allows model variants with gasoline and diesel engines, […]

Toyota invests $1.3 billion in the US for EV production and expects record profits

February 07, 2024

Toyota Motor Corp. said Tuesday it will invest $1.3 billion in its Kentucky factory in the United States. The investment is part of the preparation to begin producing its first electric vehicles in the country in 2025. Meanwhile, the world’s number-one car manufacturer expects record net profit even as quality scandals bite. The new investment […]