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Ferrari shares dropped sharply on European markets following the unveiling of the company’s first fully electric vehicle, the Luce, at an event in Rome. The decline came as investors reassessed demand prospects for ultra luxury electric vehicles and questioned whether Ferrari could maintain its......
Ferrari has introduced its first fully electric vehicle, the Luce, at a dedicated event in Rome, marking a major milestone in the Italian manufacturer’s 78-year history. The launch signals a strategic shift for a brand long defined by high-revving combustion engines and motorsport heritage. The......
Citroën has confirmed the return of the legendary 2CV in a fully electric version priced below €15,000, marking one of the flagship announcements within Stellantis’ broader FaSTLAne 2030 investment strategy unveiled during an investor event in Auburn Hills. Citroën chief executive......
Stellantis announced plans to produce a new compact and affordable electric vehicle called the “E-Car” for the European market beginning in 2028. The company said production will take place at its Pomigliano d’Arco plant in southern Italy. The project reflects Stellantis’ strategy......
A potential partnership between Huawei, Anhui Jianghuai Automobile Group and Stellantis is under discussion to develop new energy vehicles under the Maserati brand. The talks reportedly involve a framework where each company would take a defined role in product development, manufacturing and branding,......
Italian braking systems manufacturer Brembo has upgraded its financial outlook for the year, citing stronger-than-expected resilience despite recent global supply chain disruptions linked to geopolitical tensions. The company now anticipates a 3% increase in annual revenue at constant exchange rates,......
Stellantis has inaugurated a new automotive dismantling facility in the Aïn Sebaâ district of Casablanca, making Morocco the first country in the Africa and Middle East region to host such an installation for the group. The site operates under Sustainera, the Stellantis entity dedicated to......
Ferrari is preparing to enter competitive offshore sailing with the launch of Hypersail, a 30 meter carbon monohull designed for long distance voyages and record attempts at sea. Scheduled for completion by the end of 2026, the project marks a strategic expansion of the brand’s engineering expertise......
Electric vehicle sales in Europe rose strongly in the first quarter of 2026, while the United States recorded a steep contraction, underscoring a widening transatlantic divide in adoption trends. Data from the European Automobile Manufacturers' Association show that battery electric vehicle registrations......
An Italian court has ruled against the border municipality of Ventimiglia, finding it guilty of an abusive legal procedure linked to fines issued by a controversial speed camera installed near the town. For months, French and Italian motorists have been challenging traffic fines generated by the device......
In 2024, Morocco's automotive production saw a significant increase of 12%, reaching nearly 500,000 vehicles. This surge played a crucial role in offsetting a decline in production in Iran, contributing to an overall 0.4% growth in vehicle production across the Middle East and North Africa (MENA)......
CFAO MOBILITY has officially introduced the new OMODA E5, a fully electric SUV, at the Green Impact Expo & Summit 2025 in Casablanca. Designed for environmentally conscious drivers, the OMODA E5 boasts a 430 km range, cutting-edge technology, and a 5-star Euro NCAP safety rating. A Futuristic and......
The automotive industry landscape is undergoing a significant transformation as Stellantis, the multinational automotive manufacturing corporation, ramps up production in Morocco while scaling back operations in Italy. This strategic move has sparked concerns among industry experts and local officials......
