Europe

Volkswagen Group’s Skoda brand will launch three new electric models by 2026, four years earlier than originally planned, its boss told Handelsblatt business daily. The Czech carmaker will spend the vast majority of its planned investment on these new models, Skoda CEO Klaus Zellmer added. This would bring the proportion of electric models in its
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MILAN — Ferrari has temporarily stopped taking orders for its Purosangue SUV as high demand has sent waiting lists for some customers to around two years, Chief Marketing and Commercial Officer Enrica Galliera told the drive.com.au website. Ferrari unveiled in September the gasoline-powered 12-cylinder Purosangue, which the sports-car maker prefers to describe as a four-door,
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BERLIN – Volkswagen Group’s plant in Chengdu, China has halted production due to the rise in coronavirus cases in the country and two production lines at its Changchun plant are also on hold, a VW spokesperson said. VW operates the Chengdu plant with its local partner FAW Group. Other plants are all stable but the
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Jaguar Land Rover is reducing vehicle output in the UK through March, as the automaker prioritizes making higher-margin models because of semiconductor shortages, according to a person familiar with the matter. The money losing automaker, owned by India’s Tata Motors, will cut production of the Range Rover Velar and Jaguar F-Pace models that are made
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The UK is at risk of falling behind in the shift away from the combustion engine toward electric cars and could end up as a minor player in automaking. This week, mostly UK-based electric-van startup Arrival announced its CEO and president were stepping down. Last week, the CEO of Britain’s biggest automaker Jaguar Land Rover,
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BMW is doubling its investment at its Hungarian factory to 2 billion euros ($2.1 billion), adding a high-voltage battery assembly facility that will create more than 500 jobs. Locating the battery assembly at the Debrecen plant will help BMW streamline logistics for production of its next generation electric cars that will use the “Neue Klasse”
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Stellantis said it would reorganize its European dealers’ network in July next year, starting in Austria, Belgium, Luxembourg and the Netherlands. “The rest of Europe will progressively follow in the implementation of the new distribution scheme,” Stellantis said on Thursday. As part of its efforts to cut costs and support investment for electrification, Stellantis last
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BERLIN — Volkswagen Group brands have halted all paid activities on Twitter until further notice, a spokesperson for the automaker said. Earlier this month, VW Group, which owns Audi together with the VW, Seat, Cupra, Lamborghini and Bentley brands, said it had recommended the brands pause paid advertising on Twitter until further notice following Elon
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