Europe

Daimler’s Mercedes-Benz division expects sales to stabilize in the fourth quarter and still aims to generate double-digit returns this year despite disruptions from the global semiconductor shortage. While chip supply bottlenecks have been exacerbated by recent factory shutdowns in Malaysia, underlying demand for Mercedes luxury cars remains very strong in China, Europe and North America,
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Laurens van den Acker took over as head of Renault Group design in 2009 and presided over a successful revamping of the Renault brand’s lineup. Now, under new CEO Luca de Meo, he is stepping into a less hands-on role at the automaker as executive vice president, group design. Van den Acker spoke with Automotive
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LONDON — Aston Martin have started work on a new Formula One factory and wind tunnel that team owner Lawrence Stroll said underpins his commitment to the sport and aim of fighting for world championships in the next three to five years. The Canadian billionaire told reporters the factory and ‘campus’ at Silverstone, central England,
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Qualcomm has made a formal bid to buy automotive technology company Veoneer for more than $4 billion, beating a previous offer from Magna International, according to people familiar with the matter. The U.S. semiconductor company has formalized its offer of $37 a share, the people said, asking not to be identified discussing confidential information. Qualcomm
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Polestar has bolstered its management team by naming new finance and R&D bosses. Johan Malmqvist, 45, started this month as chief financial officer, succeeding Ian Zhang, who will remain on the Volvo Cars subsidiary’s management team with a focus on the Asia Pacific. Malmqvist has more than 20 years’ international experience across multiple sectors. Most
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MUNICH — Hyundai is considering whether to expand its full-electric Ioniq sub-brand to smaller cars based on the E-GMP platform, including a successor to the Kona small SUV, the brand’s marketing chief said. “It would make sense to extend all the benefits associated with the E-GMP platform to smaller vehicles,” Thomas Schemera, global head of marketing
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MUNICH — Seat will not get a small battery-powered car from Volkswagen Group’s MEB-Small electric platform. Seat’s sister brand Cupra and VW Group’s core VW brand both unveiled concepts for entry-level full-electric cars from the platform at the Munich auto show. The production versions of the Cupra UrbanRebel  and VW ID Life are expected to
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Twenty-five young and talented automotive executives have been honored as Rising Stars within the automotive industry by Automotive News Europe. The award ceremony took place on Sept 7. Since the program was started in 2011, Automotive News Europe has awarded more than 200 Rising Stars. The 11th annual Rising Stars awards recognize fast-climbing auto leaders who are
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TOKYO — Toyota will slash global production again next month, to the tune of 330,000 units, as the pandemic and global shortage of automotive microchips continue to bite. The total hit represents a 40 percent cutback from Toyota’s original October production plan. In announcing the reversal on Friday, Japan’s biggest automaker said it will also
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Automotive News Europe honors the winners of the 2021 Rising Stars awards. Through Oct. 11, the 25 winners will be featured. The Rising Star for Autonomous & Automated Driving is Syed Shahrukh Kazmi, who is customer chief engineer at Aptiv. For his full profile click here. The 2021 Rising Stars winners were honored on Sept.
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Intel will dedicate production at its plant in Ireland for the manufacture of chips for automakers as the company pushes into a growing market currently buffeted by shortages that have crippled vehicle production. The U.S.-based chipmaker has a facility in County Kildare in Ireland that has been used for manufacturing its mainstay computer processors. Intel
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MUNICH — Volkswagen Group CEO Herbert Diess is optimistic that there are sufficient funds, internal or external, to pull off its ambitious plan to build six large battery factories across Europe with partners by the end of the decade. “The required capital is available in the market. Northvolt has shown this,” Diess said on the
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The executives chosen as 2021 Automotive News Europe Eurostars set themselves apart by exceeding expectations in a very challenging year. Frank Klein, president of Magna Steyr, is this year’s Eurostar winner for Supplier Division Head. For his full profile please click here. Automotive News Europe and Capgemini Invent will honor a new winner each weekday
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