Latest from Michael Knauer
Unions have criticized Ford for withdrawing credit lines from Ford-Werke, which runs the automaker’s European passenger car business and its manufacturing operations in Germany and Spain.
BYD's head of Europe, Stella Li, says the automaker is considering a third regional plant to build cars for Europe.
Europe should adopt policies similar to those enacted in the U.S. under the Inflation Reduction Act to level the playing field with China, Valeo CEO Christophe Perillat said.
Ford is reducing the freedom of its European managers at a time when "they need far-reaching powers to move the company forward," an insider said.
Ford is reducing the freedom of its European managers at a time when "they need far-reaching powers to move the company forward," an insider said.
The first units of the Leapmotor T03 small EV rolled off the production lines at the factory last week, Jefferies wrote in a report. The factory is on schedule for mass production of the T03 in September.
The full-electric Lyriq's price is "extremely competitive" against comparable all-wheel-drive SUVs offered by BMW, Mercedes and Audi, GM Europe Managing Director Jaclyn McQuaid said.
The full-electric Lyriq's price is "extremely competitive" against comparable all-wheel-drive crossovers offered by BMW, Mercedes and Audi, GM Europe Managing Director Jaclyn McQuaid said.
Weak sales, too few truck drivers and direct selling of imported cars online instead of through dealerships are causing stockpiles at European ports.
Weak sales, too few truck drivers and direct selling of imported cars online instead of through dealerships are causing stockpiles at European ports.
