November 21, 2024
During the Guangzhou Auto Show, Toyota revealed its latest electric car, the bZ7 concept. Slated for production in 2025, this sleek electric sedan underscores Toyota’s growing commitment to the Chinese market and its strategy to challenge domestic players. While Toyota’s global fully electric offerings remain limited to the bZ4X SUV, the brand has rapidly expanded […]
November 21, 2024
The first (pre-series) cars of the Neue Klasse have rolled off the production line at the new BMW plant in Debrecen, Hungary. These are not production models but test vehicles of the all-electric X SUV model of the Neue Klasse. As the validation of production processes is “progressing according to plan” with the assembly of […]
November 21, 2024
Hyundai has officially revealed its latest electric vehicle, the Ioniq 9, ahead of the Los Angeles Auto Show. The three-row SUV is the equivalent of the Kia EV9 and is slated to hit the market in 2025. As the brand’s flagship model, the SUV must draw in more premium-oriented buyers and rival the Volvo EX90. […]
November 21, 2024
Once again, Ford has announced plans to reduce its European workforce by around 4,000 employees in 2027. There are 2,900 of them in Germany, 800 in the UK, and some 300 elsewhere in Europe. The car manufacturer hopes to increase its competitiveness in this way. At the beginning of 2023, Ford announced a job cut […]
November 20, 2024
Second time lucky? Jaguar is setting the stage for a dramatic reinvention aimed at the higher end of the luxury market. Ahead of the reveal of its first battery-powered model of its reinvented era, planned for the beginning of December, the brand has presented the new visual identity that goes along with its rebirth. The […]
November 19, 2024
Less than two months after celebrating its 9 millionth new energy vehicle (NEV) milestone, BYD has reached the next step: 10 million plug-in hybrids and electric vehicles have been built. The model in question was the newly launched Denza Z9 saloon, which will go to the CEO of Game Science, the game developer behind the […]
November 19, 2024
German carmaker BMW announced in September of last year that it was investing an extra €100 million in its Innovation Park Wackersdorf campus near Regensburg to set up a new battery testing center that would be integrated into the existing buildings. The first section of the new battery testing center now has the green light […]
November 18, 2024
Toyota plans to expand its electric vehicle production capabilities with ‘Area 35’. This global initiative aims to increase manufacturing capacity and embrace the production of 3.5 million EVs annually by the decade’s end. With an emphasis on optimizing existing resources and reducing production complexities, the Japanese giant hopes to compete with Tesla and the Chinese […]
November 18, 2024
Mercedes-Benz has revealed the highly anticipated electric CLA’s powertrain technology, showcasing a blend of innovative EV advancements and design flexibility. Positioned as a trailblazer for Mercedes’ future entry-level vehicles, the CLA will debut on the new Mercedes-Benz Modular Architecture (MMA) platform, promising unparalleled efficiency. Though Mercedes-Benz keeps the A-Class lineage longer than initially anticipated, the […]
November 15, 2024
Volvo Cars has announced the sale of its entire stake in Lynk & Co to Geely-owned Zeekr in a deal worth approximately €710 million. This move is part of a larger strategy by parent company Geely to streamline its electric vehicle operations and shift away from an acquisition strategy to boosting synergies across its brands. […]
November 14, 2024
Engie and lime producer Carmeuse are terminating the Columbus project, an industrial carbon capture and use (CCU) plant at Amercoeur near Charleroi, for “economic and regulatory reasons.” The project had a total investment cost of more than 300 million euros. 187,000 tons of CO2 With the Columbus project, French energy company Engie and Carmeuse, in […]
November 14, 2024
Audi is enhancing its A3 offering with the introduction of the earlier announced new plug-in hybrid models, the 40 TFSI e and 45 TFSI e. These models boast more power and double the battery capacity over their predecessors. A3 enthusiasts can also look forward to the 40 TFSI e in the rugged Allstreet trim, designed […]
November 14, 2024
Renault opened the order books for the first two Renault 5 E-Tech electric versions in May. The Techno version costs €32,900, while the Iconic Cinq version costs €2,000 more. Both versions have the 52 kWh battery in the ‘Comfort Range’. Some additional versions have now been added. However, you will still have to wait until […]
November 13, 2024
Tesla CEO Elon Musk is to officially join Trump’s administration as the co-head of the new US Department of Government Efficiency (DOGE), a second federal department designed to improve government spending. Throughout the elections, Musk, already CEO of Tesla and SpaceX and the de facto head of X, xAI, Neuralink, and the Boring Company, has […]
November 13, 2024
Volkswagen and Rivian have officially launched their joint venture, “Rivian and VW Group Technology, LLC,” which aims to accelerate the development of battery-powered vehicles and boost software architectures. The collaboration, valued at €5.8 billion, marks a significant increase from the €5 billion investment initially announced in June. The venture begins operations today. Speaking at the […]
November 13, 2024
Hertz reported a staggering €1.2 billion net loss in the third quarter, driven mainly by the write-down on its fleet of electric vehicles (€0.9 billion). The results, which fell significantly short of analyst expectations, highlighted the mounting challenges of the ambitious shift towards electrification for rental and leasing companies. Hertz’s losses stem primarily from a […]
November 13, 2024
The Court of Appeal in The Hague has rejected the 2021 ruling in the case brought by the Netherlands arm of Friends of the Earth (Milieudefensie) and other campaigners against Shell. According to the court, Shell cannot be forced to specify specific percentages by which it must reduce CO2 emissions. Therefore, the court’s ruling at […]
November 13, 2024
Due to weak demand in the European EV market, Ford is slowing down its Explorer and Capri EV production at its sole electric car factory in the EU, in Cologne, Germany. Ford will apply for short-time work, a government furlough scheme of temporary unemployment whereby workers are sent home by a company in financial distress […]
November 13, 2024
After extensive upgrades at the beginning of the year, the Taycan lineup is growing to offer buyers even more ways to get one in 2025. Three additional versions complete the family, now counting 16 different variants. Porsche announced on Tuesday that three new members of the updated Taycan family will be in the showrooms in […]
November 13, 2024
The curtain has definitely fallen on Audi Brussels. The hope for a miracle in finding a take-over candidate is dead and buried, with the last one pulling out. The official date of the death certificate remains February 28th, 2025, when the last Audi Q8 e-tron will be made. Audi Brussels’ spokesperson, Peter D’hoore, confirmed that […]
November 12, 2024
Nissan is adopting a harsh cost-cutting course. Global production capacities will be reduced by 20%, and 9,000 jobs will disappear. Nissan also plans to sell about one-third of its Mitsubishi shares, representing approximately 10% of the total MMC shares. The changes are motivated by the company’s consolidated net value decreasing by 79.1 billion yen (approx. […]
November 12, 2024
In November 2020, Bentley announced as part of its ‘Beyond100’ strategy that the entire model range would be converted to fully electric vehicles by 2030. The VW luxury brand has now postponed this target to 2035. The schedule change is part of the revised corporate strategy ‘Beyond100+’, which the new Bentley CEO Frank-Steffen Walliser, who […]
November 11, 2024
LiveWire, the electric spin-off of the King of American motorcycles, Harley Davidson, has joined forces with Taiwanese scooter specialist Kymco to develop a fully electric maxi-scooter based on its S2 Arrow powertrain. It hopes to see its debut maxi scooter pop up massively in cities like Paris and Milan in the future. Looking closely at […]
November 11, 2024
Tensions are rising over next year’s new EU CO2 emission targets for the auto industry. Backed by Germany, France is pushing the European Commission to postpone the targets by one year. However, the Brussels administration maintains a firm stance. Without delay, car makers will need a significant uptick in electric car sales next year. However, […]
November 11, 2024
Mercedes-Benz’s sporty subdivision Mercedes-AMG wants to develop a full-size electric SUV from the ground up. The model will be the second vehicle based on the all-electric AMG.EA platform. Development vehicles are due to start their first test drives this winter. The AMG.EA platform, short for AMG Electric Architecture, is designed for Mercedes-AMG’s future performance models. […]
November 08, 2024
At their annual press conference, the Belgian Association of Vehicle Rental Companies Renta urgently appealed for help. Renta Chairman and Ayvens CEO Johan Portier made it clear that the second-hand market needs structural support, now. “The Belgian market is now like an island in Europe. With its heavy emphasis on company cars (B2B market) and […]
November 08, 2024
Naming policies are sometimes a quirky business in the auto industry. Audi hasn’t been shy of confusing with the namesakes of their models and has now turned that reputation one notch up by launching a new Chinese brand called – well – AUDI. Yes, you spell it in capitals; no, there are no rings anymore. […]
November 08, 2024
German premium car manufacturer Mercedes-Benz says its upcoming entry-level CLA will set the bar for EV range, charging speed, and efficiency with advanced new tech. Ahead of its arrival in 2025, Mercedes is giving us a slightly closer look at its new generation of electric cars. “With the CLA, we are ushering in a new […]
November 07, 2024
Belgian multinational Umicore, a company specializing in materials technology for electric car batteries, is cutting about 260 jobs worldwide. Some 100 jobs are disappearing in Belgium, including 71 in Olen and the rest in Brussels. The construction of a new plant for battery materials in Canada will also be postponed. The measures are expected to […]
November 07, 2024
The election of Donald Trump as the next American president is terrible news for the climate, says KU Leuven professor Katja Biedenkopf, an expert on climate negotiations. “Trump has already announced that he will support the oil and gas industry and reduce or abolish Biden’s climate-friendly actions.” The stock market also reacted to the election. […]
November 06, 2024
Another indicator of the automotive industry’s struggle was that German automotive supplier Schaeffler announced plans to cut 4,700 jobs across Europe. The layoffs, primarily targeting ten sites in Germany and five additional European locations, will unfold between 2025 and 2027, with two site closures also confirmed. Schaeffler joins the ranks of automotive companies turning to […]
November 06, 2024
Kia has already delisted the Niro EV from its German-language website. This is likely due to the new Kia EV3, which is hitting the market with remarkably similar specifications but stands better in every category, from charging to pricing. Meanwhile, Kia is testing rigorously its even smaller EV, the Kia EV2. There are even talks […]
November 06, 2024
On Sunday, the new French Economy Minister Antoine Armand pleaded to postpone the fines for car manufacturers exceeding the EU CO2 targets. A spokesman for the European Commission responded on Monday that such initiatives are premature. “Talking already about a change in the Commission’s position on these matters is really premature,” he said in Brussels. […]
November 05, 2024
Suzuki has officially unveiled its first battery electric vehicle, the e Vitara, in Milan, Italy. Building on the concept model ‘eVX’, the model will also appear as a rebadged Toyota in global markets. The newcomer is expected to hit European markets by the summer of 2025. As the Vitara has been a long-time bestseller for […]
November 05, 2024
According to the data from the federal government service Mobility and Transport and the sector federation Febiac, car registrations in October 2024 were 5.5% less than last year. 36,447 cars were registered. Added to the total for the first nine months, 393,015 units were sold in 2024, or 4.9% less. Three-fifths (60.9%) of the market […]
November 05, 2024
Despite continuous negative press about EV sales declining in countries like Germany and France, the Netherlands still sees growth in newly registered and second-hand electric cars. According to the automotive sector organization Bovag, the used EV market is picking up with a 36.9% growth, as more are available from the leasing sector. The number of […]
November 04, 2024
Because of weak demand, the US automotive group Ford has decided to suspend production of its F-150 Lightning electric pickup truck for six weeks. Ford’s electric car division has been making massive losses for a long time. The combustion version of the F-150 has long been a cult car in the USA and an important […]
November 04, 2024
Oxa, a British autonomous driving tech firm, has unveiled its autonomous Ford E-Transit Van and Minibus. They will enter operation in the UK and US as the first mass-production vehicles to make use of Oxa’s software. Enough for one of the company’s VP’s to take a stab at Tesla, which unveiled its Robovan concept in […]
November 04, 2024
One year after its creation, Renault’s electric subsidiary Ampere seems to flourish. Renault Group CEO Luca de Meo said this in a press gathering last week in Douai at one of the manufacturer’s ‘Electricity’ plants in France. According to the CEO, Ampere was the right decision to respond to the energy transition and for Renault […]
November 04, 2024
Toyota has confirmed launching a new electric SUV based on Suzuki’s upcoming EV model. This SUV, set to be built in India starting next spring, is a variant of the Suzuki eVX, which was unveiled initially at the Auto Expo in Delhi last year. The collaboration makes it easier for both car makers to enter […]
November 01, 2024
Yesterday, Hyundai Motor Company unveiled its Initium hydrogen fuel cell electric vehicle (FCEV) concept at its ‘Clearly Committed’ event at Hyundai Motorstudio Goyang. Initium provides a preview of a new production FCEV that Hyundai Motor plans to unveil in the first half of next year. Initium is a Latin word meaning ‘beginning’ or ‘first’. “It […]
October 31, 2024
For the first time, Chinese automaker BYD has surpassed Tesla in quarterly revenue. The leap is driven by strong domestic sales, helped by government incentives, and BYD’s relentless focus on expanding its international footprint. In China, where over half of vehicle sales now consist of electric or hybrid models, BYD continues to dominate. BYD reported […]
October 31, 2024
In the third quarter of 2024, Volkswagen Group saw its operating result shrink by 41.7% and its earnings after taxes by 63.7%. The core brand Volkswagen was barely profitable. Against this backdrop, VW and IG Metall have started the next round of negotiations on the company’s collective labor agreement. VW CFO Arno Antlitz insists on […]
October 31, 2024
With the European tariffs coming into force this week, China is putting pressure on its carmakers not to invest in countries that voted for the tax wall. Mainly France and Italy were the driving forces for imposing tariffs, and instead, China suggested favoring Germany or Hungary, who voted against them. According to Reuters, quoting two […]
October 30, 2024
The European Commission has made the higher import tariffs on Chinese EVs effective ‘by law’ from Thursday after the official publication of it. Negotiations with Chinese government failed so far, but the Commission is aiming for deals with individual manufacturers now on a minimum price for cars and quotas for their imports. In return, the […]
October 30, 2024
With series production of its first ‘long-range’ electric heavy truck, the Mercedes eActros 600, kicking off next month, Daimler Truck is getting the Mannheim factory ready. One of the most critical components, the front box, has already started production. But what is it? The front box is a multi-component module that contains many of the […]
October 30, 2024
The distribution network rates on household electricity bills, which account for approximately one-third of the total cost, may increase by 31 percent next year. According to some initial calculations, this would amount to an average of more than 100 euros extra per year. For the third year in a row, electricity network rates are increasing. […]
October 30, 2024
Chinese smartphone brand Xiaomi and also making a successful entry as an electric carmaker, proudly announces that its SU7 Ultra prototype has become the fastest 4-door car on the Nürburgring Nordschleife. It recorded a time of 6 minutes 46.874 seconds, making it quicker than the Ferrari 296 GTB, the Porsche 918 Spyder, or the Rimac […]
October 30, 2024
The curtain falls on Audi Brussels: the date of death is ‘officially’ fixed at February 28th, 2025. Or is there still one stalk of straw to grasp? Eventually, a new potential investor surfaced from several possible overtakers contacted by Audi management: a ‘mystery’ commercial vehicle—truck and bus—manufacturer. Audi confirmed on Tuesday that the factory would […]
October 29, 2024
Volvo Group (the parent company of Volvo Trucks and Renault Trucks) and Daimler Truck (Mercedes-Benz Trucks) have signed a binding agreement for their new joint venture to develop a software-defined vehicle platform, which was announced earlier this year. After regulatory approvals, the new company is expected to be founded in the first half of 2025. […]
October 29, 2024
Works Council Chairwoman Daniela Cavallo has provided further details on the planned savings in the Volkswagen Group ahead of the next round of negotiations. The Board of Management allegedly wants to close up to three plants, downsize all others, divest core areas, and implement massive salary cuts. This would also affect electric car production. “This […]
October 28, 2024
As tensions escalate over European Union tariffs on electric vehicles, Bloomberg reports that China is pressing its automakers from the backroom to halt their expansion plans into Europe. Beijing allegedly advises Chinese car manufacturers to stop pursuing new production sites in the EU and avoid signing further agreements while negotiations with Brussels are ongoing. In […]
October 28, 2024
According to sector federation Febiac, the market share of pure electric cars in Belgium and Luxembourg is still growing. During the first nine months of this year, 27% of registrations were purely electric, a 7.4% increase compared to 2023. Of course, the most significant factor in this positive electric result is the company car segment, […]
October 25, 2024
Scout Motors, a subsidiary of Volkswagen Group, has unveiled two new flagship electric off-roaders for the US market. The SUV Traveler and its pickup counterpart, the Terra, sit on the same electric body-on-frame platform, providing up to 350 miles (563 km) of range. A range-extender option brings that range to up to 800 km. Both […]
October 25, 2024
With a turnover of €10.7 billion (+1.8%), Renault Group is swimming against the tide in automotive land. Thanks to many new models, sales decreased less than the market average. That’s why it maintains its forecast for 2024, with an operational margin of 7.5% and a free cash flow of over € 2.5 billion. “Our third-quarter […]
October 25, 2024
Tesla surprised investors and analysts by posting bigger-than-expected profits for the third quarter of 2024. Though the EV maker boosted deliveries in the past three months, the money comes from unexpected income like CO2 credits, cost cutting, and “services and others.” Interestingly, Elon Musk never favored the latter as an important revenue stream. Tesla exceeded […]
October 24, 2024
Is lithium the new gold mine for Arkansas after oil? Researchers have discovered that an underground brine reservoir in the southern US state may contain as much as 5 to 19 million tons of lithium. Lithium is a crucial raw material for electric vehicle batteries. The amount of lithium in the Arkansas beds would be […]
October 24, 2024
Jim Farley, Ford’s CEO and boss of the world’s sixth-biggest car company, with 177.000 people working for him, made a striking confession: He has been driving a Chinese Xiaomi SU7 fully electric car around Detroit for the last six months and doesn’t want to give it up. “It’s fantastic and is made by a smartphone […]
October 24, 2024
Despite good Q3 sales results, Volvo is warning of a ‘cold winter’ in sales for the last quarter of this year and even deep into 2025. Meanwhile, the sales of electrified vehicles almost reach half of the total sales, and pure electric sales represent one-quarter of these total sales. Volvo Cars reported a core operating […]
October 24, 2024
Dutch electric bus manufacturer Ebusco’s lawsuit in summary proceedings over the payment for 45 buses turns out to be a damp squib. The Dutch judge ruled that public transport company Qbuzz has the right to cancel the order, even when the buses are mostly ready for delivery. The court also allowed Qbuzz to keep the […]
