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28 Jul 2021

VW consortium ‘in talks’ to buy Europcar

Volkswagen Group is reportedly leading a consortium in talks to buy French car rental firm Europcar. Reuters reported that talks are progressing and the outline of a deal could emerge…

28 Jul 2021

Navya wins EUR7.7m for four tech projects

Navya has secured EUR7.7m (US$8.9m) in mainly non-repayable subsidies for four major technological innovation projects, three of which are part of the France Relance programme. The programme is a French…

27 Jul 2021

Parkopedia extends services for US VW drivers

Parkopedia has extended its deal with Volkswagen of America (VWoA) to provide parking reservation services using the Car-Net service and smartphone app in the US. The service covers both existing…

27 Jul 2021

Tesla reports Q2 profit surge

Tesla has reported more than $1bn in net income in the second quarter, as its volumes globally ramped up. Net income in Q2 was a record $1.14bn (up 998% on…

27 Jul 2021

Gestamp records Q2 net profit of EUR32m

Gestamp has posted second-quarter net profit of EUR32m (US$37m), despite the period being affected by the semiconductor shortage. Revenue rose 96% to EUR1.97bn, at constant FX compared to the second…

27 Jul 2021

Ex-Opel chief appointed CEO of VinFast

Vingroup has announced today that it has appointed Michael Lohscheller as the CEO of its automotive division, VinFast Global. Opel announced earlier this month that Lohscheller would be leaving Opel…

26 Jul 2021

Honda’s future model plans for Acura

What a contrast: Acura delivered 3,516 vehicles to its Chinese market dealers in the first half of 2021 - down 27.5% year-on-year - compared to 88,384 (+58%) in the US.…

26 Jul 2021

Nissan recruiting 400 for Sunderland

Nissan's Sunderland reportedly has announced it is recruiting 400 people for its factory in north east England . The Evening Standard said the automaker was offering permanent and temporary positions…

26 Jul 2021

Ford funding mobility idea feasibility

Design students Corentin Janel and Guillaume Innocenti won the Ford Fund Smart Mobility Challenge with a rideable bench called TOD or talk or drive. This idea won them GBP12,500 towards…