Europe

Renault-Nissan to Name Alliance Chief

By: Bill Hampton - November 29, 2019 at 1:35 PM

Renault, Nissan and Mitsubishi Motors say they will install a general secretary to oversee and coordinate the activities of their 20-year-old alliance.

Daimler Will Cut at Least 10,000 Jobs in 3 Years

By: Bill Hampton - November 29, 2019 at 9:49 AM

Daimler AG says it will reduce its global workforce 3% or at least 10,000 jobs by the end of 2022.

Russia to Launch Subsidized Car Loans

By: Bill Hampton - November 29, 2019 at 12:06 AM

Russia’s central government plans to spend $78 million in 2020 to subsidize loans for new cars, Reuters reports, citing two of the country’s news agencies.

German Court Rules on VW Diesel Compensation

By: Bill Hampton - November 28, 2019 at 10:42 AM

A German court says Volkswagen customers in the country who unknowingly bought diesels rigged to cheat on emission tests are entitled to compensation from the company.

BMW Reaches Labor Deal to Cut Bonuses

By: Bill Hampton - November 27, 2019 at 11:09 AM

BMW AG and its unions have agreed to a plan that will reduce bonuses paid to hourly workers in Germany, beginning next year.

Chinese Carmakers Eye Indian Market

By: Satnam Singh - November 27, 2019 at 2:04 AM

Chinese vehicle manufacturers, who are facing slumping sales in their home market, are looking at India for potential growth.

Audi Will Cut 9,500 Jobs in Electrification Push

By: Bill Hampton - November 26, 2019 at 3:06 PM

Audi AG says it will shed about 15% of its current workforce in Germany by 2025, eliminating as many as 9,500 positions in an effort to help pay for its shift to electrified powertrains.

Hyundai Moves Ahead on Indonesia Plant

By: Steve Plumb - November 26, 2019 at 11:54 AM

Hyundai Motor Co. has signed a memorandum of understanding with the Indonesian government to build a major vehicle production complex near Jakarta.

Redesigned Mercedes GLA Gets SUV Look

By: Steve Plumb - November 26, 2019 at 11:14 AM

Daimler AG’s redesigned Mercedes-Benz GLA compact crossover is taller to enable an SUV-like elevated seating position.

Autoliv Names New CFO

By: Steve Plumb - November 26, 2019 at 10:00 AM

Autoliv Inc. has appointed Fredrik Westin to take over as chief financial officer and executive vice president of finance by the end of February.

Northvolt Doubles EV Battery Capacity Target

By: Bill Hampton - November 26, 2019 at 3:27 AM

Swedish electric car battery maker Northvolt AB now aims to launch 150 gigawatt-hours of production capacity in Europe by 2030, more than twice its previous goal.

October Truck Sales Fall 7% in Europe

By: Bill Hampton - November 26, 2019 at 2:23 AM

Deliveries of commercial vehicles across Europe shrank last month 7% to 213,000 units, says trade group ACEA.