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☆ Auto giants launch a flurry of cheaper electric vehicles — taking the fight to China
▼ + stars: | 2024-10-17 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Carlos Tavares, chief executive officer of Stellantis NV, beside a Citroen C5 Aircross Concept automobile at the Paris Motor Show in Paris, France, on Monday, Oct. 14, 2024. So, Citroen, Peugeot [and] Renault, they are all showing some smaller affordable models," Poliscanova said. The partly covered wheel of a BYD Co. electric vehicle at the Paris Motor Show in Paris, France, on Tuesday, Oct. 15, 2024. "This year in Europe, we did not have affordable models, so people are not buying those overpriced premium vehicles. Not that many full electric vehicles in Europe for less than that price," he added.

Persons: Carlos Tavares, Julia Poliscanova, Poliscanova, carmaker, Environment's Poliscanova, JATO, Denis Le Vot, CNBC's Charlotte Reed, Le Vot Organizations: Stellantis, Citroen, Paris, Bloomberg, Getty, Europe's, Transport & Environment, CNBC, Peugeot, Renault, carmaker Renault, Tech, Auto, Parc des, Chesnot, U.S, Beijing, Dacia, EV Locations: Paris, France, PARIS, Europe, China, Dacia, EVs, Parc, U.S

☆ Dacia CEO discusses EV tariffs
▼ + stars: | 2024-10-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDacia CEO discusses EV tariffsDacia CEO Denis Le Vot says his company is focused on producing affordable EVs despite the impact of EU import tariffs.

Persons: Denis Le Vot Organizations: Dacia

☆ Europe risks trade war with China by hiking tariffs on its electric cars
▼ + stars: | 2024-06-12 | by ( Hanna Ziady | ) edition.cnn.com time to read: +7 min

The European Commission, the EU’s executive arm, launched the probe in October to establish whether Chinese EV prices are artificially low because of subsidies and so hurt European carmakers. Europe is the main destination for Chinese EV exports. The new EV tariffs are likely to kick off intense negotiations between Beijing and Brussels aimed at averting a damaging trade war. Many of them manufacture cars in China and then sell them in Europe, a set-up that will be more costly as a result of the higher tariffs. Alternatively, Beijing could pledge investment into EU countries and promise better market access in China for EU firms, the Rhodium analysts wrote.

Persons: ” Will Roberts, BYD, Roberts, …, Olaf Scholz, ”, Joe Biden, Olesya Dmitracova, Mark Thompson, Shawn Deng, Alex Stambaugh Organizations: London CNN, European Union, European Commission, Commission, Volvo, SAIC, EV, EU, Rho Motion, China’s Ministry of Commerce, Rho, Renault’s, CNN, “, France EU, Group Locations: China, Beijing, European, Brussels, Washington, EU, Europe, Renault’s Dacia, “ Beijing, Germany, France, Spain, United States, Hungary, London, Hong Kong

☆ As new vehicles become more like computers, what car shoppers need to know about protecting their data
▼ + stars: | 2024-03-30 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

New cars today are loaded with high-tech features for car shoppers, from their own operating systems to navigation and remote unlock. Almost every new vehicle collects different types of details about you — and they will share and sell that data, according to a September report by Mozilla, a data privacy advocate, which looked at the privacy practices of 25 different car brands. Only two car brands currently allow users to delete their personal data, Mozilla found: Renault and Dacia. "This is still kind of the 'Wild, Wild West' of data collection and aggregation," said Theresa Payton, the founder, president and chief executive officer of Fortalice Solutions, a cybersecurity advisory firm. While it remains to be difficult to do your own research, there are three steps car shoppers can take as they assess potential new cars, experts say.

Persons: Ivan Drury, Theresa Payton, Tom McParland, Said Drury Organizations: Mozilla, Finance, Renault, Dacia, Fortalice Solutions, Automatch Consulting Locations: Edmunds, West

☆ Carmakers apply for French EV subsidies under more stringent rules
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

The rear light of a Dacia Spring electric car is pictured during the Brand Manifesto Dacia event at Le Bourget near Paris, France, September 13, 2022. REUTERS/Gilles Guillaume/File Photo Acquire Licensing RightsPARIS, Oct 10 (Reuters) - Automakers will from Tuesday submit the specifications of their electric vehicles to French authorities in the hope they can continue to benefit from subsidies under new conditions that are likely to edge out many Chinese models. Tesla's Model Y and Model 3, and the Dacia Spring are among the EV models most sold in France, and they are built in China, as is the increasingly popular MG4, built by China's SAIC group. The government subsidy for electric cars stands at 5,000 euros ($5,270) for most households, and 7,000 for poorer ones. Car producers should get a response around Dec. 15 and will be allowed to appeal any negative decision.

Persons: Gilles Guillaume, Ingrid Melander, Mark Potter Organizations: REUTERS, Rights, China's SAIC Locations: Dacia, Le, Paris, France, Asia, China, Italy

☆ Explainer: How France aims to discourage buying of Chinese EVs
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +4 min

WHY IS FRANCE REVISING ITS EV BONUS ELIGIBILITY RULES? However, in the absence of cheap European-made EVs, a third of all incentives are going to consumers buying EVs made in China, a French finance ministry source said. Because Chinese industry generally relies heavily on coal-generated electricity, the criteria are likely to put the bonus out of Chinese carmakers' reach. But French car buyers will have to wait because Stellantis' (STLAM.MI) Slovakia-made e-C3 city car and Renault's (RENA.PA) France-made R5 are not due to hit the market until 2024. The model is currently one of the best-selling electric car's in France with the Tesla Y, Peugeot's e-208, Fiat's 500e, the Megane eTech and MG4.

Persons: Angelika Warmuth, EVs, Emmanuel Macron, Stellantis, MG4, Lorraine Morard, Luca De Meo, Tesla, BYD, Gilles Guillaume, Leigh Thomas, Sharon Singleton Organizations: Company, REUTERS, Rights, Reuters, SAIC, P Global, Renault, Thomson Locations: Munich, Germany, France, China, Europe, FRANCE, French, Slovakia, Dacia Spring

BOSTON (AP) — Cars are getting an “F” in data privacy. Nineteen automakers say they can sell your personal data, their notices reveal. On security, Mozilla's minimum standards include encrypting all personal information on a car. “Sensitive personal information” collected includes driver's license numbers, immigration status, race, sexual orientation and health diagnoses. Mozilla's Caltrider credited laws like the 27-nation European Union's General Data Protection Regulation and California's Consumer Privacy Act for compelling carmakers to provide existing data collection information.

Persons: —, ”, Jen Caltrider, ” Caltrider, North America —, Albert Fox Cahn, Brian Weiss, Tesla, Mozilla's Caltrider, It's Organizations: BOSTON, Mozilla Foundation, Mozilla, Renault, Dacia, North America —, Harvard's Carr, for Human Rights, Alliance for Automotive Innovation, . House, Associated Press, Alliance, Pew, Nissan, Big Tech, Facebook, ”, Data Locations: telematics, Europe, North America, U.S, Japan

☆ Most major companies admit they may be selling your personal information, a new study finds
▼ + stars: | 2023-09-06 | by ( Frank Bajak | ) www.businessinsider.com time to read: +7 min

A new study found many car companies can collect and sell your personal data, sparking privacy concerns. Most major manufacturers admit they may be selling your personal information, a new study finds, with half also saying they would share it with the government or law enforcement without a court order. Nineteen automakers say they can sell your personal data, their notices reveal. On security, Mozilla's minimum standards include encrypting all personal information on a car. "Sensitive personal information" collected includes driver's license numbers, immigration status, race, sexual orientation, and health diagnoses.

Persons: —, Jen Caltrider, Caltrider, North America —, Albert Fox Cahn, Brian Weiss, Tesla, Mozilla's Caltrider, It's Organizations: Nissan, Service, Mozilla Foundation, Mozilla, Renault, Dacia, North America —, Harvard's Carr, for Human Rights, Alliance for Automotive Innovation, . House, Associated Press, Alliance, Pew, Big Tech, Facebook, Data Locations: Wall, Silicon, telematics, Europe, North America, U.S, Japan

The loss was a result of the closure of its Russian operations in the wake of Moscow's invasion of Ukraine. The previous margin record was set in the second-half of 2017, when it stood at 7%. Renault aims to reach an 8% margin by 2025 and 10% by 2030. The French carmaker on Wednesday agreed with Nissan (7201.T) on a new structure for their decades-old partnership. The Japanese group will invest up to $663 million in Renault's planned electric unit Ampere, while the French carmaker will reduce its Nissan stake to put their relationship on equal footing.

Persons: Luca de Meo, Victor Goury, Gilles Guillaume, Kirsti Knolle, Sharon Singleton Organizations: Renault, TECH Electric, Peugeot, Citroen, Nissan, Volkswagen, Thomson Locations: Dacia, Ukraine, French

☆ French car maker Renault first-half sales jump 13%
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +1 min

Companies Renault SA FollowJuly 19 (Reuters) - French car maker Renault (RENA.PA) on Wednesday said its worldwide sales rose 13% in the first six months of the year, with a 24% increase in Europe. The rebound in sales comes after four consecutive years of declines. Renault's order backlog in Europe represented 3.4 months of sales at the end of June 2023 and it should remain above the target of 2 months throughout the year, even with a market down 30% compared with 2019, the car maker said. Alpine, Renault's premium sports brand relaunched in 2017, sold more than 1,800 units in the same period, with registrations up by 9%, helped by the launch of the Alpine A110 San Remo 73 and the Alpine A110 R Le Mans. Reporting by Diana Mandiá, editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.

Persons: Diana Mandiá, Silvia Aloisi Organizations: Renault SA, Renault, Remo, Thomson Locations: Europe, Dacia, Russia

☆ Renault Dacia sales surge 24% in first-half, production issues linger
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +2 min

Despite improvements, supply-chain issues are lingering, reducing Morocco production of the Dacia Sandero city car by 20,000 during the period, an executive said. Dacia, which boasts best-sellers such as the Sandero and is expanding its range of electric vehicles (EVs), sold 345,432 vehicles between January and June, the Dacia unit said in a statement. That compares to 277,885 units in the same period of 2022, which was heavily impacted by COVID-19 and component shortages. Sales of the Chinese-made Spring, one of the most affordable electric models on the French market, soared by 38%, while sales of the Sandero were up 24%. I don't know because we cannot still build all the cars we want to build," he said.

Persons: Xavier Martinet, Diana Mandiá, Conor Humphries Organizations: Renault SA, European Union, Thomson Locations: Dacia, French, Morocco, Dacia Sandero

☆ Stellantis to unveil Citroën e-C3, first affordable European-made EV
▼ + stars: | 2023-06-15 | by ( Gilles Guillaume | ) www.reuters.com time to read: +2 min

PARIS, June 15 (Reuters) - The world's No.3 carmaker Stellantis will unveil its first European-made affordable electric car in mid-October, the new Citroën e-C3, as it gears up to counter the arrival of lower-cost Chinese brands in the European market. Electric vehicles (EVs) are more expensive than their fossil-fuel counterparts and European carmakers plan cheaper models encouraged by government subsidies. That EV subsidy should be unveiled in October for cars to be delivered in 2024, a government source told Reuters. The need for more affordable European models has been driven by Chinese EV brands, which are seen as a threat to European carmakers as they can offer cheaper models. Built on Stellantis' "smart car" architecture introduced in India and Latin America, the vehicle will be assembled in Slovakia and will launch early in 2024, Koskas said.

Persons: Thierry Koskas, Koskas, Gilles Guillaume, Nick Carey, Sharon Singleton Organizations: Reuters, EV, Renault Dacia Spring, Renault, Citroen, Thomson Locations: France, Europe, India, Latin America, Slovakia, China

☆ Renault customers to lodge criminal complaint in France over faulty engines
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +2 min

PARIS, June 2 (Reuters) - Renault (RENA.PA) could face prosecution in France over faulty engines as a group of customers plans to lodge a criminal complaint against the carmaker next week, the group's lawyer said on Friday. The decision to file the complaint follows unsuccessful discussions between Renault and the plaintiffs over the faulty engines, he added. A Renault spokesperson said the company had been providing technical support and financial help to affected customers. "The Renault Group never stopped and continues reviewing demands that it is receiving," the spokesperson said. "Support demands that could not be addressed have all been carefully reviewed and an answer has been given," Renault said.

Persons: Christophe Leguevaques, Nissan, Renault, Nicolas Delame, Dominique Vidalon, Gilles Guillaume, Mark Potter Organizations: Renault, Reuters, Le Parisien, Renault Group, Nissan, Thomson Locations: France, Dacia, Nanterre, Europe

☆ Napoli clinch first Serie A title in 33 years after Udinese draw
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: 1 min

[1/5] Soccer Football - Serie A - Udinese v Napoli - Dacia Arena, Udine, Italy - May 4, 2023 General view during the match REUTERS/Jennifer LorenziniUDINE, Italy, May 4 (Reuters) - Napoli won their third Serie A title, and their first in 33 years, on Thursday after a 1-1 draw at Udinese gave the Naples side an unassailable lead in the standings. Napoli's triumph ended the city's long wait for the Scudetto since Argentine great Diego Maradona led them to two championships in 1986-87 and 1989-90. Reporting by Rohith Nair in Bengaluru and Anita Kobylinska in Gdansk, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

☆ Napoli crowned Serie A champions following draw at Udinese
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

[1/5] Soccer Football - Serie A - Udinese v Napoli - Dacia Arena, Udine, Italy - May 4, 2023 General view during the match REUTERS/Jennifer LorenziniUDINE Italy, May 4 (Reuters) - Napoli won their third Serie A title, and their first in 33 years, on Thursday after a 1-1 draw at Udinese gave the Naples side an unassailable lead in the standings. A second-half goal by Victor Osimhen secured Napoli the title with five games remaining in the season. Napoli have 80 points, securing their position at the top of the table. Second-placed Lazio, who also have five games left to play, are 16 points adrift of Napoli. As the final whistle blew, Napoli supporters rushed onto the pitch to celebrate the momentous occasion alongside the players.

CNN —Napoli won its first Serie A title in 33 years after coming from behind to secure a 1-1 draw against Udinese at the Dacia Arena, Udine, on Thursday. The 24-year-old Nigerian scored his goal in front of the traveling Napoli fans, who celebrated the equalizer deliriously. Napoli fans gathered in Naples to watch the match against Udinese. The draw was all that was needed for the visitors who left Udine with the biggest prize in Italian football. Napoli fans ran onto the pitch to celebrate when the referee blew the full-time whistle, with players being mobbed in jubilant scenes.

☆ Exclusive: Tesla readies export of Model Y to Canada from China
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +4 min

The Model Y is the electric vehicle (EV) maker's best-selling model globally. Tesla's website showed that customers in Canada could take delivery of the new version of the Model Y between May and July. Tesla Shanghai began production of the Canada-bound version of Model Y earlier this month, the person with knowledge of the development said. The introduction of the cheaper Model Y for Canada qualified both it and Tesla's C$69,900 long-range Model Y for the incentive as of Friday, Transport Canada said on its website. Tesla’s Shanghai plant uses lithium-iron phosphate (LFP) batteries for the Model Y version produced there for sale in China and for export to Europe and other markets.

☆ As EV costs tumble in China, an export wave builds
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +4 min

[1/5] People use their phones in front of the BYD Seagull that is displayed at the Auto Shanghai show, in Shanghai, China April 19, 2023. Patrick Koller, chief executive of French auto supplier Faurecia (EPED.PA), said the entry-level EV market in Europe was an open lane for Chinese automakers. Koller said he had met with the CEO or chairman of more than two dozen Chinese automakers in Shanghai. Renault’s (RENA.PA) Dacia ships the Spring EV, an entry-level hatchback like the BYD Seagull, to Europe and ranked as the second-largest EV exporter from China last year after Tesla. BYD has not announced export plans for the Seagull, which is priced below what is now the best selling EV in China, the BYD Dolphin, which is priced from 116,800 yuan ($17,000) in China.

☆ Renault reviewing prices worldwide after Tesla cuts
▼ + stars: | 2023-04-17 | by ( Gilles Guillaume | ) www.reuters.com time to read: +3 min

SummarySummary Companies Renault brand sales up 9% in first quarterStrong sales of electric Megane - brand CEOTesla price cuts step up competitionPARIS, April 17 (Reuters) - French carmaker Renault (RENA.PA) is reviewing its pricing policies of electric cars worldwide to ensure it stays competitive after a wave of price cuts by U.S. rival Tesla Inc (TSLA.O), a top executive said on Monday. Cambolive said the rebound had extended into April, adding however that Tesla's price cuts were a wake-up call for competitors. After last week's price cut by Tesla, the Tesla Model 3 in France starts at 41,990 euros, compared with 42,000 euros for the Megane electric. Worldwide sales for the Renault brand reached 354,545 vehicles in the first three months of the year. Sales for the Renault brand, which represents two-thirds of the group's total, fell by 9.4% last year, their fourth consecutive annual decline.

☆ Tesla price cuts are "a warning"-Renault brand CEO
▼ + stars: | 2023-04-17 | by ( ) www.reuters.com time to read: +1 min

Companies Renault SA FollowTesla Inc FollowPARIS, April 17 (Reuters) - A wave of price cuts by Tesla (TSLA.O) is a "warning" for rival manufacturers of electric vehicles, the chief executive of French car maker Renault's flagship brand said on Monday. But Fabrice Cambolive, the CEO of the Renault brand, said Tesla's price cuts would force the group to take a close look at its pricing policy worldwide. "We will analyse country by country, market by market, which level of competitiveness we need to have to stay in the match," he told reporters. Worldwide sales for the brand reached 354,545 units in the first three months of the year, the company said on Monday. Sales for the Renault brand, which represents two-thirds of group sales, fell by 9.4% last year, also recording their fourth consecutive annual decline.

☆ Renault group sales fall 5.9% in 2022, Europe order book at record levels
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +1 min

PARIS, Jan 18 (Reuters) - Renault (RENA.PA) group sales in 2022 fell by 5.9% to 2,051,174 vehicles, marking a fourth consecutive annual decline after capacity constraints and supply chain snags, the company said on Wednesday. The group, which is in the middle of a turnaround, said its order book in Europe was at a record level of 3.5 months of sales. A day after publishing a 9.4% decline in 2022 sales for its flagship Renault brand, it said that had been partly offset by the performance of its low-cost brand Dacia, which posted a 6.8% increase in sales. It said on Tuesday that the Renault brand, which accounts for two-thirds of group sales, was the third European brand for electrified vehicle sales behind Toyota (7203.T) and Tesla (TSLA.O) with 228,000 units sold, an increase of 12% from 2021. But its executives have acknowledged that global price cuts announced recently by Tesla were an issue that Renault - like rivals - would have to contend with.

While Budapest and Warsaw are haggling with the bloc over rule-of-law strings attached to billions worth of pandemic recovery funds, Romania has already drawn down over 6 billion euros in grants and cheap loans. Prime Minister Nicolae Ciuca has said the government aims to tap more than 10 billion euros a year, equivalent to about 4% of GDP, of about 90 billion euros of EU funding available to Bucharest through to 2027. RESHORINGCompanies reshoring from Russia and Ukraine to nearby low-cost manufacturing hubs partially helped push foreign direct investment to 9.39 billion euros in January-October, the largest 10-month figure since Romania joined the EU. "We are optimistic that investment will rise in coming years, also encouraged by EU funds," said Alex Milcev, head of Tax and Legal at E&Y Romania. And relations with the EU are not always smooth: in December, Austrian opposition over unauthorised immigration kept Romania out of Europe's borderless Schengen area.

[1/2] The rear light of a Dacia Spring electric car is pictured during the Brand Manifesto Dacia event at Le Bourget near Paris, France, September 13, 2022. It also points to the shifting perception of the auto market in India, which posted the fastest growth of any major market in 2022. Renault is studying launching a made-in-India electric version of its Kwid hatchback, the people told Reuters. To qualify for incentives in India, Renault would have to build the car at its alliance plant in southern India and source components locally, the first person said. As a part of the India reboot, Renault also plans to invest in refurbishing and upgrading some of its major dealerships in big cities, the person said.

☆ Tesla's Model Y tops new car registrations in Europe in September - report
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +1 min

Oct 27 (Reuters) - Tesla Inc's (TSLA.O) Model Y topped new vehicle registrations in Europe last month, market research data showed, indicating that the mid-sized SUV from the world's most valuable automaker is fast-becoming a vehicle of choice in the region. This is the first time that Tesla's sports utility vehicle has led the rankings in Europe, London-based JATO Dynamics said on Wednesday as 29,367 Model Y cars were registered last month, up 227% from last year. The Model Y is one of the most successful cars from Tesla, which has produced 879,346 units so far this year compared to 906,032 units in all of last year. The sales surge for Tesla's Model Y underscores its effort to ramp up production at its plant in Berlin, Germany, which opened in March and now produces 2,000 cars per week. Earlier this month, Tesla had warned of logistical challenges are likely to hamper vehicles deliveries in the near term.

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