Europe

TOKYO — Japan and Britain agreed to lift auto tariffs for a post-Brexit trade agreement in 2026 despite Japan’s push to lift the tariffs earlier, according to a report in the Nikkei Asian Review. Japanese Foreign Minister Toshimitsu Motegi is currently in negotiations with British Trade Minister Liz Truss in London. Truss said in a
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German new-car sales in July fell 5.4 percent, which was the best result for Europe’s largest vehicle market this year. Registrations for the month were 314,938, the KBA motor vehicle authority said. The slowdown in the market’s freefall — which peaked in April with a 61 percent drop and eased to a decline of 32
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The electric vehicle industry has quietly hit one of its biggest milestones to date, as the number of public charging plugs around the world ticks above the 1 million mark.  The threshold was crossed sometime in May, having doubled in just three years, according to the recent tally by BloombergNEF.  Most of the new infrastructure
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MILAN — Ferrari has trimmed its sales forecasts for this year after reporting decreasing core earnings, although in line with expectations, in the second quarter due to the coronavirus pandemic. Ferrari said Monday that its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) would come in between 1.075 billion euros and 1.125 billion euros
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FRANKFURT – Volkswagen Group is not done reshuffling its management, CEO Herbert Diess told a German newspaper in an interview. “We are 80 percent done with our personnel decisions. Some outstanding decisions have been prepared and we will implement them in a planned manner,” Diess said in the interview with Frankfurter Allgemeine Zeitung published on Friday.
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FRANKFURT — Volkswagen Group on Thursday moved to quash rumors that CEO Herbert Diess had been sidelined, issuing an unsolicited declaration of support for the executive, who has clashed with the company’s labor leaders over deeper-than-expected cuts. “The most important message is that the supervisory board and executive committee … are in complete agreement that
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PARIS/TOKYO — When the French part of the Renault-Nissan alliance reports its results on Thursday, investors expect confirmation of a harsh reality: automakers that already had weaknesses are having them mercilessly exposed by the pandemic. All the world’s automakers have been in crisis at one time or another in the past few years, but it
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BONN — Rheinmetall is exploring strategic options for its automotive division because it may take years for the sector to recover from the coronavirus pandemic. The German supplier will take a non-cash charge of 300 million euros ($353 million) in the second quarter related to the impairment of its automotive business, the company said Monday.
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TURIN – Former Seat design director Alejandro Mesonero-Romanos is set to join Renault, a source close to the matter told Automotive News Europe. Mesonero-Romanos, 52, will join the French automaker “to strengthen the design team,” the source said, adding that he will report to Renault Group design boss Laurens van den Acker. Mesonero-Romanos will reunite
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STOCKHOLM — Auto technology supplier Veoneer posted a smaller-than-expected quarterly operating loss on Friday and stood by its forecast for reduced full-year losses despite the coronavirus crisis. The maker of radar and vision systems reported a $64 million operating loss, improving from a $137 million loss a year ago and well above the $134 million
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FRANKFURT — Prosecutors searched Fiat Chrysler Automobiles sites in Germany and Italy as part of an international fraud investigation into potentially illegal emissions cheating defeat devices. Potentially illegal software has been detected in Multijet engines used in Alfa Romeo, Jeep and Fiat cars as well as in commercial diesel engines used in Iveco and Fiat commercial
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TOKYO — Toyota will make 2 percent fewer vehicles globally in August than originally planned, the automaker said Tuesday, as output recovers gradually from a steep drop because of the coronavirus pandemic. The company said it aimed to make 15,000 fewer vehicles than its initial plan, which was around 750,000, according to Reuters’ calculations. August’s
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More than four months after retiring as Ford’s automotive president, Joe Hinrichs has resurfaced on the board of a U.S. company pioneering a unique sensor for autonomous vehicles. Hinrichs, 53, has joined the board of directors at WaveSense, a startup that uses ground-penetrating radar to help self-driving vehicles better understand and navigate road environments. “WaveSense
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FRANKFURT — Tired of waiting for global regulators to act, the German government is preparing landmark legislation that could commercialize driverless vehicle technology by next summer. If passed, it could be the first comprehensive legal framework covering both homologation and road traffic requirements for robotaxis in which the computer controls the vehicle at all times.
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DETROIT — Autopilot, ProPilot, CoPilot. Automakers have many names for new systems that allow for hands-free driving, but no safety or performance standards to follow as they roll out the most significant changes to vehicle technology in a generation. Spurred by Tesla’s success and eager to start profiting from billions spent on autonomous driving research,
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FRANKFURT — Volkswagen brand has stopped hiring new staff until year end, Ralf Brandstaetter, the unit’s chief, said on Wednesday. Despite a slight recovery in demand, car sales remain below levels seen before the coronavirus crisis, Brandstaetter said in an interview published in an internal VW newsletter, which was seen by Reuters. “We remain under
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Tesla’s ads for its Autopilot driver-assistance system were rebuffed by a German court, which said the carmaker misled consumers. The Munich Regional Court on Tuesday ruled that the automaker can no longer use the ads in Germany because they improperly claimed the vehicles have “full potential for autonomous driving.” The judges also said Tesla wrongly
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BEIRUT — Carlos Ghosn is helping everyone who stood by him, he said in an interview broadcast on Saturday, though he declined to comment on cases of people accused of helping him flee to Lebanon from Japan. Ghosn, the ex-chairman of the Renault-Nissan-Mitsubishi alliance was arrested in Japan in late 2018 on charges of underreporting
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