The European car market is in free fall: two giants have announced huge losses

The European car market is in free fall: two giants have announced huge losses

Shares of European car manufacturers came into being lose Monday, following profit warnings from car giant Stellantis and the British luxury brand Aston Martinwho mentioned widespread industry challenges and problems in the world’s largest auto market, China, reports CNBC. Stellantis on Monday lowered its annual forecasts for 2024, against a background of a decline in … Read more

Report: 3 international car companies invest $145 million in Egypt

Report: 3 international car companies invest 5 million in Egypt

Written by Ahmed Alawi Tuesday, February 28, 2023 02:43 PM Zawya, an economic news website, highlighted that three international car companies plan to invest up to $145 million in Egypt over the next three years, Prime Minister Mostafa Madbouly said at a press conference on February 22nd.. Madbouly indicated that the major companies, namely Nissan, … Read more

HP Ketupat ‘Reborn’, Nokia 7610 5G rumored to be released in late 2022

HP Ketupat ‘Reborn’, Nokia 7610 5G rumored to be released in late 2022

Jakarta, CNN Indonesia — Nokia is predicted to release an old-school phone 7610 in the version smartphone with specifications 5G at the end of 2022. The Nokia 7610 5G series has not been officially released to the public. However, leaked models and specifications have been circulating in cyberspace. This phone is also predicted to be … Read more

Fiat is waiting for an electric rebirth. He wants to be a popular Tesla and an Italian Citroën

Fiat is waiting for an electric rebirth.  He wants to be a popular Tesla and an Italian Citroën

Fiat was once one of the most popular brands on the European market, and its models regularly topped the European Car of the Year polls. In the last few years, however, the Italians, except for the smallest 500 and Panda models, have not been doing so well, which could change in the coming years. Fiat … Read more

The car giant is considering withdrawing production from Russia

The car giant is considering withdrawing production from Russia

The car group Stellantis, created a year ago as a result of the merger of the Italian-American Fiat Chrysler Automobiles (FCA) and the French PSA Group, allows the transfer of production from Russia in case of negative consequences due to sanctions. This was reported by The Wall Street Journal with reference to the head of … Read more

The new Jeep Grand Cherokee is finally coming to Europe, but only with a four-cylinder

The new Jeep Grand Cherokee is finally coming to Europe, but only with a four-cylinder

While the new Grand Cherokee is sold in the US with V6 or V8 engines, only a four-cylinder plug-in hybrid remains in Europe. – Jeep introduced the new generation Grand Cherokee model in January last year, but at the time it was an extended Cherokee L model that offered three rows of seats. The classic … Read more

Electrification was chosen by politicians, not industry, says the head of Stellantis

Electrification was chosen by politicians, not industry, says the head of Stellantis

Stellantis Group CEO Carlos Tavares remains a critic of the proliferation of electric cars. He appreciates rather hybrids. – The Stellantis Group is celebrating one year, just now a year ago, a new car group was formed, a merger of Fiat Chrysler Automobiles and the PSA Group. Carlos Tavares, the current head of the French … Read more

European Commission’s strategy to phase out internal combustion engines, harshly criticized: ‘The brutality of this change poses social risks’ – News source

European Commission’s strategy to phase out internal combustion engines, harshly criticized: ‘The brutality of this change poses social risks’ – News source

The European Commission’s strategy to phase out internal combustion engines in favor of electric vehicles is a political choice involving environmental and social risks, Stellantis CEO Carlos Tavares said in an interview with European newspapers, Reuters reports. .ro. Since the merger of Fiat Chrysler and Peugeot to create the world’s fourth largest automaker after production, … Read more

Fiat officially introduces the rejuvenated 500X and Tipo models

Fiat officially introduces the rejuvenated 500X and Tipo models

After the recent leak of the first photos, Fiat brings a pair of rejuvenated models in full beauty. – Fiat has introduced a light modernization of the 500X and Tipo models for European markets, where the news should soon appear in the offer. At the same time, in addition to light design modifications, both models … Read more

Comment: Carbon money changers. In order not to have to pay a fine, Peugeot sells cars to Toyota

Comment: Carbon money changers.  In order not to have to pay a fine, Peugeot sells cars to Toyota

The Stellantis Group will end sales of the MPV Peugeot Rifter, Citroën Berlingo and Opel Combo with internal combustion engines. Only the more expensive and less practical electric version will continue. This is a consequence of carbon accounting within the EU. The French continue to make cars, but supply them to Toyota. It has a … Read more