North America, Europe must close EV battery supply chain gaps to compete with China, McKinsey says
Automotive News Europe
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15h ago
Developing regional supply chains is critical to lowering the cost of electric vehicles ..read more
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Despite Elon Musk's criticisms, Tesla might use lidar sensors after all
Automotive News Europe
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15h ago
Tesla is buying lidar sensors, according to Luminar Technologies, a development that marks an 180-degree turnaround from Elon Musk's earlier deriding of the laser-based sensors ..read more
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Tesla confirms 'one day' shutdown at German factory
Automotive News Europe
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15h ago
Tesla has asked German employees to work from home on Friday when activitists plan to protest against expansion plans outside its factory near Berlin ..read more
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Toyota CEO Sato leads automaker to record profit, sales, production
Automotive News Europe
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15h ago
Toyota reported record quarterly sales and record profits, but warned earnings will retreat in the current year as it takes a break from hectic expansion and invests in next-generation EVs, software and AI ..read more
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BMW sees higher costs, low used car prices weighing on 2024 profit
Automotive News Europe
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15h ago
BMW reported a fall in first-quarter profit margin in its automotive segment as persistently higher costs weighed on its bottom line and demand for luxury cars in China remained muted ..read more
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Bentley unwraps V-8 hybrid powertrain
Automotive News Europe
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15h ago
Bentley's shift away from its iconic W-12 engine will not result in a loss of power ..read more
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Earnings at Continental, Vitesco slump in Q1, mirroring broader auto declines
Automotive News Europe
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15h ago
Continental swung to a loss amid delays in new programs, lower production volumes in Europe, and salary and wage inflation ..read more
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Rolls-Royce hatches updated Cullinan crossover
Automotive News Europe
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15h ago
The British ultraluxury brand has credited the Cullinan for lowering the average age of its well-heeled customers ..read more
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5 takeaways from Toyota's record earnings report
Automotive News Europe
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15h ago
Under new CEO Koji Sato, Toyota reported a blockbuster fiscal year of records, from sales to profits. Here are five top takeaways from the automaker's earnings conference ..read more
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Hyundai doubles down on hybrids after weak Q1
Automotive News Europe
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1w ago
After posting a 2.4% drop in quarterly profit, Hyundai said it will continue to expand its electrified model lineups globally by introducing more hybrids and new Ioniq models ..read more
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