Keywords: Automotive
Stellantis revealed Thursday it will record about €22.2 billion in charges as part of a sweeping business reorganization, admitting the automaker vastly overestimated electric vehicle adoption rates and alienated customers in the process. This massive write-down ranks among the largest one-time......
Stellantis, the multinational automotive group, saw its shares tumble by 15% at the opening of the Paris Stock Exchange on Friday following the announcement of €22 billion in exceptional charges for its 2025 financial results. The company attributed these charges to a significant overestimation......
Japanese automaker Toyota, the world’s largest vehicle manufacturer by sales, has announced a change at the top of its management aimed at streamlining leadership and responding more effectively to a rapidly evolving global environment. The company confirmed that its current chief financial officer......
Volvo CEO Håkan Samuelsson forecasts that electric vehicles will "very likely" cost less than gasoline-powered cars within five years. Speaking at a press event in Gothenburg, Sweden, this week, he highlighted his company's already profitable EV lineup and upcoming manufacturing advances......
Italy's new car registrations bucked the European trend in January 2026, climbing 6.2 percent year-on-year to around 142,000 vehicles, according to transport ministry data. This uptick offers relief after a 2.1 percent decline across 2025, when total sales settled at roughly 1.56 million units. Stellantis......
French multinational Saint-Gobain, through its division Saint-Gobain Sekurit, has relocated a significant portion of its European automotive glass rework operations to its facility in Kenitra, Morocco. The move consolidates the Moroccan plant as a central hub for reprocessing windshields, side windows,......
Investors are pressing Volkswagen CEO Oliver Blume for concrete results in what they view as a make-or-break year for the German automaker. Now freed from his dual role at Porsche, which ended January 1, Blume has a narrowing window to halt the company's decline in China and address critical technology......
The Spanish technology company Airtificial has announced new contracts with international clients in the automotive sector, including a strategic project in Morocco, reflecting the firm’s drive for global expansion and geographic diversification. According to the company, Morocco is a promising......
The Moroccan automotive market continued to show strong performance in 2025, marked by intense competition among major car brands. Industry analysts highlight notable shifts in market shares, reflecting changing consumer preferences and the growing demand for both domestic and imported vehicles. Brands......
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