Focus on Automotive
Varta’s Porsche-led rescue would leave investors empty-handed
Varta stock plunged as much as 80% on Monday after the German battery maker said restructuring options would leave shareholders with nothing
Chrysler-parent Stellantis paid $190.7 million in US fuel economy penalties
Stellantis paid $190.7M in penalties for 2019-2020 fuel economy shortfalls and owes $459.7M more, NHTSA documents reveal.
Chinese industry body tells EU to correct its findings on EVs
EU tariffs on EVs built in China breach global trading rules, according to an industry body representing 12 Chinese automakers.
China lithium rebounds on Chile earthquake, but demand concerns persist
China's lithium prices rebounded on Friday, although growing demand concerns weighed on the metal used in electric vehicle batteries.
EU new car sales rise 4.3% in June, industry body ACEA says
New car sales in the EU rose 4.3% in June, led by Italy, Germany, and Spain, despite a slight drop in battery electric...
Stellantis recalls 24,000 Chrysler minivans for fire risks, urges outdoor parking
Stellantis has urged Chrysler Pacifica plug-in hybrid minivan owners to park outside and avoid recharging pending a software update.
Ford pivots from EV plans to heavy-duty trucks at Canada facility
Ford in April had already delayed the launch of its three-row electric SUVs from 2025 to 2027, citing slower than expected growth in...
Serbia eyes lithium deals with Mercedes, Stellantis, VW, president says
Serbia will give Mercedes-Benz, VW and Stellantis the opportunity to purchase lithium for car batteries as they prioritise EU carmakers
Renault posts 1.9% rise in first-half sales volume
The company sold 1,154,700 vehicles globally compared to 1,133,478 units last year, with almost three-quarters of that volume going to Europe
Volvo Cars blames EU tariffs as it cuts 2024 sales forecast
Volvo produced 211,900 cars in the second quarter, more than it sold amid the decline in European demand for EVs.
