Owner of Fiat, Chrysler and Peugeot brands pushes back against rules that force sale of more electric vehicles
The owner of car brands including Fiat, Chrysler and Peugeot has reported a steep fall in sales, blaming production delays and flagging European demand.
Stellantis reported revenues on Thursday of €33bn (£27.6bn) for the July to September quarter, a drop of 27% compared with the same period a year earlier.
Continue reading...Carmakers call on Britain to change rules on batteries that they say threaten electric vehicle production
Three big global carmakers have called on the UK government to renegotiate the Brexit deal, saying rules on where parts are sourced from threaten the future of the British automotive industry.
Ford and Jaguar Land Rover have joined Stellantis, which owns the Vauxhall, Peugeot and Citroën brands, to warn the transition to electric vehicles will be knocked off course unless the UK and EU delay stricter “rules of origin”, due to kick in next year, that could add tariffs on car exports.
Continue reading...Vauxhall’s Ellesmere Port plant is one of many whose future lies in the hands of the merged auto giant
Carlos Tavares is an unashamed petrolhead, with a rally-racing hobby that harks back to an earlier automotive age. Yet carmakers like Stellantis, which he leads, and its rivals have had to set aside affection for roaring internal combustion engines as environmental rules set the limits for the industry.
Stellantis was formed in January in a €50bn (£43bn) merger between France’s Peugeot and Italian-American Fiat Chrysler, in one of the clearest responses to the Tesla-driven electric revolution: the merger will allow them to share expensive investments in battery technology.
Continue reading...As disruption from Covid-19 spreads, only some low-volume producers will remain open
Every major carmaker in the UK and Europe is suspending or cutting production as the disruption from the coronavirus outbreak spreads – with only lower-volume manufacturers such as Aston Martin keeping factories open.
Jaguar Land Rover (JLR) and Bentley Motors have become the latest British carmakers to suspend production at their UK factories.
Continue reading...Firms may cut prices on plug-in electric hybrids to escape new EU emissions fines
Carmakers are bracing for a hybrid electric car price war this year as they try to avoid steep EU fines for carbon dioxide emissions.
Related: 2020 set to be year of the electric car, say industry analysts
Continue reading...PSA Group’s decision is boost to British car industry and workers at Ellesmere Port plant
PSA Group said it will build its new Vauxhall Astra car at its Ellesmere Port plant but only on the condition the government secures a good Brexit deal.
The decision is a major boost for the embattled British car industry and the 1,100 employees at the plant, whose future had been thought to be dependent on winning the Astra contract.
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