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Luxury Sedan Sales Decline in Europe as Consumers Shift to SUVs

Luxury Sedan Sales Decline in Europe as Consumers Shift to SUVs

Luxury Sedan Sales Decline in Europe as Consumers Shift to SUVs
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Stellantis Faces Canadian Government Dispute Over Jeep Compass Production Shift

Stellantis Faces Canadian Government Dispute Over Jeep Compass Production Shift

Stellantis Faces Canadian Government Dispute Over Jeep Compass Production Shift
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Scania and LKAB Introduce Electric Trucks to Enhance Mining Operations

Scania and LKAB Introduce Electric Trucks to Enhance Mining Operations

Scania and LKAB Introduce Electric Trucks to Enhance Mining Operations
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Faraday Future Begins Production of FX Super One at California Facility

Faraday Future Begins Production of FX Super One at California Facility

Faraday Future Begins Production of FX Super One at California Facility
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Inside Stellantis CEO's 'emergency room' rush to recapture market share

Inside Stellantis CEO's 'emergency room' rush to recapture market share

By Giulio Piovaccari, Nora Eckert and Gilles Guillaume MILAN/DETROIT/PARIS, Dec 11 (Reuters) - New Stellantis CEO Antonio Filosa is prioritising vehicle sales growth over profits including resorting to lower-margin fleet sales and investing in affordable models to recapture market share in North
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Stellantis exceeds Italy supplier spending target, eyes output rebound

Stellantis exceeds Italy supplier spending target, eyes output rebound

MILAN, Dec 10 (Reuters) - Stellantis is set to end 2025 having made purchases worth over seven billion euros ($8.1 billion) from Italian suppliers, CEO Antonio Filosa said on Wednesday, suggesting output in the country could start growing again next year.
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Cost Analysis Reveals Electric Vehicles as Economically Viable Option

Cost Analysis Reveals Electric Vehicles as Economically Viable Option

Cost Analysis Reveals Electric Vehicles as Economically Viable Option
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Stefan Weckbach Appointed as Chief Executive of Mercedes-AMG, Set to Lead Luxury and Performance Segments

Stefan Weckbach Appointed as Chief Executive of Mercedes-AMG, Set to Lead Luxury and Performance Segments

Stefan Weckbach Appointed as Chief Executive of Mercedes-AMG, Set to Lead Luxury and Performance Segments
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Bolt Expands Electric Motorcycle Fleet in Nairobi, Boosting Clean Transport

Bolt Expands Electric Motorcycle Fleet in Nairobi, Boosting Clean Transport

Bolt, a leading ride-hailing service, has announced that over 40% of its motorcycle fleet in Nairobi, Kenya, is now electric. This milestone makes Bolt the largest provider of electric motorcycles in the country's ride-hailing industry. The company has recorded 4.8 million electric vehicle rides in Kenya over the past year, reflecting a significant shift towards sustainable transport solutions. Bolt's partnership with M-KOPA has facilitated the onboarding of 1,700 riders, providing them with access to electric bikes through flexible financing models. This initiative is part of Bolt's broader strategy to reduce emissions and lower operating costs for riders, contributing to Kenya's clean transport ambitions.
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China's car sales extend decline in November in biggest drop in 10 months

China's car sales extend decline in November in biggest drop in 10 months

BEIJING, Dec 8 (Reuters) - China's annual car sales dropped 8.5% in November in a second straight monthly decline, for their biggest fall in 10 months, data showed on Monday, amid a waning scramble to buy vehicles before government subsidies dwindle at year-end.
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EU's ETS2 Delay and CO2 Standards Impact on Carbon Pricing and Low-Income Households

EU's ETS2 Delay and CO2 Standards Impact on Carbon Pricing and Low-Income Households

The European Union's Emissions Trading System 2 (ETS2) is facing a delay of one year, as agreed upon by the Council and the European Parliament. This delay is significant because ETS2 is designed to put a price on carbon emissions, thereby incentivizing greener alternatives in sectors like transport. The delay comes amidst concerns that weakening car and truck CO2 standards could lead to higher carbon prices, as more combustion engine vehicles remain on the road longer. This situation could hinder the rollout of affordable electric vehicles (EVs), disproportionately affecting poorer households. The delay also means a potential loss of €50 billion in revenues for 2027, which could have been used for social leasing, charging infrastructure, and public transport improvements, or redistributed to citizens. The EU aims to reduce demand for ETS allowances by adopting zero-emission technologies and efficiency measures to ensure the long-term success of ETS2.
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Kazakhstan Plans to Launch Self-Driving Cargo Trucks by 2027 to Boost Transit Potential

Kazakhstan Plans to Launch Self-Driving Cargo Trucks by 2027 to Boost Transit Potential

Kazakhstan is set to introduce self-driving cargo trucks by 2027 as part of its strategy to enhance its transit capabilities. Transport Minister Nurlan Sauranbayev announced the initiative during a government meeting, highlighting the country's efforts to modernize its transportation infrastructure. The project involves constructing new roads equipped with sensors necessary for autonomous vehicle operation. The Ministry of Transport is also collaborating with neighboring countries within the Eurasian Economic Union to launch a pilot project. This move aims to reduce transportation costs, improve efficiency, and decrease environmental impact by transitioning to electric and autonomous freight vehicles.