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Related Special Reports
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...Volvo Cars will stop funding its Polestar electric sports car brand and look at selling its shareholding to parent company Geely, as its latest results showed profits had been dragged down by the lossmaking...
...Car rental group Hertz is to sell one-third of its global electric vehicle fleet to fund the purchase of more internal combustion engine cars, as demand for traditional vehicles remains strong....
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...US carmakers are struggling to sell electric vehicles while the Chinese market powers ahead because their products are inferior, according to one of the world’s biggest battery materials manufacturers....
...car market this year, rising to 20 per cent by 2027....
...The prime minister had previously criticised Stellantis in parliament, saying: “If you want to sell a car on the international market by advertising it as an Italian jewel, then that car must be produced...
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...The Volkswagen-owned luxury brand said it would continue selling its hybrid models into the next decade, watering down a previous plan to sell exclusively electric vehicles by 2030....
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...Hyundai has sought the plant sale since last August as it continued to lose market share in the world’s largest car market amid an intensifying price war with local rivals....
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...Some experts are waiting to see if Biden will restructure the tariffs that then-president Trump slapped on imports from China in a way that would make it harder for the Asian country to sell EVs in the US...
...Pendragon, one of the UK’s largest auto retailers, will sell all of its car dealerships for £280mn and focus on software, ending a period of tumult at the group that saw attempts to sell itself scuppered...
...One hope is premiumisation as it sells more expensive, more profitable, cars than it already does. That will take time. The bulk of its cars sell under €125,000....
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...The carmaker last year warned that luxury brands were not immune to subdued spending by consumers, as it flagged that it would continue trying to sell more expensive cars in China amid lower sales....
...The two companies said on Thursday that in 2024 auto dealers would be able to sell cars on Amazon’s US store, with Hyundai the first brand available for shoppers to buy....
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