Europe

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
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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
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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,
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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
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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
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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
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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
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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
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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
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