Chinese brands BYD and Omoda are winning customers from established brands with their EVs, gaining a stronger foothold in Europe’s No. 2 market after Germany.
The arrival of the new-generation Volkswagen Golf along with strong demand for the Opel/Vauxhall Astra have given a boost to the compact segment, which has been de-emphasized by many automakers because of stronger demand for SUVs.
Automakers selling light commercial vehicles in Europe have no confidence they will be able to hit the EU's tough new CO2 reduction targets for 2025 as sales of electric vans continue to fall.
THK is working with an unnamed Japanese automaker to bring the solution to cars for the first time after supplying the system to Japan's high-speed trains.
Jaguar Land Rover named former GM executive Swarna Ramanathan as chief strategy officer. Financial specialist John Beswick is the automaker’s chief transformation and performance officer, and former Nissan executive will lead Steve Marsh the company’s vehicle programs team.