Europe

LONDON — The new terms of the alliance of Renault, Nissan and Mitsubishi mean the three companies now have “an open relationship rather than a forced marriage,” Renault CEO Luca de Meo told Automotive News Europe after the automakers held a joint news conference in London on Monday. The setting for the event in the

Renault and Nissan are finally done reshaping their complex relationship. The new status: better, but still complicated. Following almost a year of discussions, the partners presented a deal in London Monday that will see Renault lower its stake in Nissan and plans for a range of new models alongside junior alliance partner Mitsubishi Motors. There

Renault’s board voted in favor on Sunday to reshape the French automaker’s alliance with its Japanese partner Nissan, a source said. The deal will reshape the two-decade-old alliance to put the two companies on an equal footing. Under the agreement, Renault will reduce its controlling stake in Nissan to 15 percent from 43 percent, while

Ford is returning to Formula One after more than two decades as a partner to reigning champions Red Bull Powertrains. The automaker will reenter F1 in 2026, when new regulations will require teams to use fully sustainable ethanol as fuel and increase electrical power by as much as 50 percent. Audi also plans to join then,

A pair of Automotive News Europe Rising Stars have had a successful start to 2023. Onto CEO Rob Jolly’s electric car subscription service has raised 100 million pounds ($121 million) to help it expanding its EV fleet in the UK. The credit funding line comes from global investment group CDPQ and independent asset manager Pollen

Rationalizing your business in an already high-cost, low-return industry that is undergoing major change is not easy. Look no further than Ford and its Fiesta. The almost 50-year-old small hatchback has been one of Europe’s most popular models. Less than a decade ago, Ford was celebrating it becoming the UK’s best-selling car of all time.

SAN LUIS POTOSI, Mexico — BMW plans to invest 800 million euros ($866 million) in the central Mexican state of San Luis Potosi to produce high-voltage batteries and fully electric Neue Klasse models. The expansion, set to add around 1,000 new jobs at its operations in the Mexican state, is BMW’s latest push into electric

PARIS — Stellantis has promoted Antonella Bruno to head its Peugeot brand in Europe from her current role leading Jeep’s business in the region. Jeep’s new Europe boss is Eric Laforge, who is currently in charge of Stellantis’ light-commercial vehicle unit for the region. Stellantis’s Europe region includes Eurasia and Balkan-area countries. Bruno, an Italian

Renault and Nissan will formally unveil the agreement to reshape their alliance on Feb. 6 in London, the companies. The deal will reshape the two-decade-old alliance to put the two carmakers on an equal footing. Renault will reduce its controlling stake in Nissan to 15 percent from 43 percent, while Nissan will take a share

PARIS — The European auto industry suffered through one of its worst years by volume in 2022, but sales should pick up in 2023, according to three forecasters. Dataforce said Thursday that passenger-car sales are expected to grow by 13 percent to 12.7 million units in the 30 countries that include the EU, the UK,

SHANGHAI — BMW has raised suggested retail prices for some models sold in China because of higher raw material and logistics costs globally. The automaker increased the manufacturer’s suggested retail prices of 17 models in China including its 5-Series sedans and X5 crossovers, effective immediately, Shanghai Securities News reported. The MSRP of X3 crossovers also

COVENTRY, England — Developing fully autonomous vehicles that can go everywhere has proven harder and more expensive than expected, but investors are continuing to fund startups that target simpler self-driving vehicle solutions far removed from pedestrians and other vehicles operated by unpredictable humans. British AV software company Oxbotica, Sweden’s Einride, America’s Outrider and British supplier

Ford is not reducing the prices of its Mustang Mach E electric crossover in Europe to compete with Tesla, which slashed prices for its Model Y and Model 3 cars by up to 20 percent. Ford’s European business is following a different path than in the U.S. where the automaker has cut prices of the

Volvo Cars has named Jeremy Offer its global head of design. Offer has more than 30 years’ experience as a designer, but this is his first top-level post at a global automaker, according to his LinkedIn profile. The 55-year-old executive, who will start May 1, comes to Volvo from EV startup Arrival, where he served

PARIS —   Renault and Nissan are rebalancing their troubled alliance in what could be a major step in reviving their alliance. But for the French automaker the benefits of the revamp are for now unclear and potentially quite limited, three industry sources said. The automakers on Monday announced a deal that will see Renault

PARIS — Renault Group will continue to benefit financially from its current 43.4 percent stake in Nissan, even though much of that will be held in a trust under a pending agreement to reshape the two companies’ alliance. The automakers will hold a 15 percent stake in each other under a draft agreement announced on

The world’s No. 1 automaker has a new CEO, and the transition of power could not have come at a more pivotal time. Toyota on Thursday surprised the market when it announced that Lexus President Koji Sato will take over from Akio Toyoda, the grandson of the venerable Japanese automaker’s founder, effective April 1. While

TOKYO — Toyota chief Akio Toyoda is set to remain a dominant force inside the world’s largest automaker for years to come and will continue to influence the agenda after stepping down in April, experts and people familiar with the automaker said. The 66-year-old Toyoda on Thursday announced he would step aside as leader of