Europe

Grupo Antolin has named advisory board member Ramon Sotomayor as CEO, replacing Jesus Pascual, who has held the position since 2015. The Spanish interiors supplier said Tuesday that Pascual would remain with the company in an advisory position. Sotomayor has been a member of the advisory board at Grupo Antolin since 2017. He serves on
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Renault’s Moscow plant will be repurposed to produce Moskvich cars that were last manufactured two decades ago. A Soviet-era car brand the “Moskvich” could make a surprise comeback in Russia, as Moscow takes over assets belonging to Renault following the French automaker’s exit from the country. Moscow’s mayor Sergei Sobyanin said he would nationalize Renault’s
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LONDON — Jaguar Land Rover is getting an unexpected boost from the global chips crisis as its cars become more desirable, CEO Thierry Bollore said. Automakers including JLR have been forced to reduce production because of a shortage of semiconductors, squeezing supplies to dealerships. However, the scarcity of new models is massively boosting the company’s
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Nissan took a 52.6 billion yen ($499 million) financial hit from its Russian and Ukrainian operations in its latest financial year and is not expecting to restart operations in Russia during the coming year. Nissan stopped deliveries to Russia in March following the country’s invasion of Ukraine, then ceased production at its St Petersburg plant
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Nissan took a 52.6 billion yen ($499 million) financial hit from its Russian and Ukrainian operations in its latest financial year and is not expecting to restart operations in Russia during the coming year. Nissan stopped deliveries to Russia in March following the country’s invasion of Ukraine, then ceased production at its St Petersburg plant
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PARIS — A key European Union committee’s decision to reject calls for much deeper emissions cuts has disappointed environmental advocates, who pushed for new targets in the run-up to a 2035 deadline for automakers to sell only zero-emissions cars. The European Parliament’s environment committee on Wednesday voted to ratify new rules for CO2 emissions from cars
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Electric and internal combustion cars are “two different sports,” Renault Group CEO Luca de Meo said, and there is an industrial rationale for carving out the two powertrains as separate businesses. Renault and other automakers – including Ford, Geely and Mahindra — are weighing spinoffs of their EV activities, seeking to attract the kind of
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BMW will focus its Neue Klasse (New Class) architecture on full-electric models for the midsize premium segment. The platform, which will go into production in 2025 at the automaker’s new factory in Hungary, will only offer a battery-electric drivetrain, BMW CEO Oliver Zipse said during the automaker’s first-quarter earnings call on Thursday. “When it hits
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LONDON — Bentley’s first-quarter operating profit jumped 162 percent versus the same period last year, as soaring vehicle prices offset the loss of some vehicles at sea and pandemic-related delivery problems in China. The Volkswagen Group unit said high customer interest in new models resulted in a record order book of just under 10,000 vehicles
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