Business

99 renault refactory
Renault Group aims to generate €2.3 billion in turnover annually from its new ‘The Future is Neutral’ (TFiN) arm
vehicle manufacturing

Renault targets resource neutrality with dedicated recycling arm

Renault establishes division focusing on recycling EV batteries and end-of-life vehicles, plus scrap metal recovery

13 October 2022
Renault targets resource neutrality with dedicated recycling arm
Sony Vision S 02 concept 2022 front quarter static
Sony Vision-S 02 concept is expected to inspire joint venture's first EV
Tech, development and manufacturing

Sony Honda Mobility confirms US-built EV for 2026

Joint venture between Japanese giants targets US for first electric car, arriving spring 2026

13 October 2022
Sony Honda Mobility confirms US-built EV for 2026
Used car sale sign
Adding a video to an online advert provides 20-25% more leads, says Johan Sundstrand, CEO of Phyron
Dealership, sales and marketing

Video adverts net uptick for used car retailers

Pandemic emphasised how use of video can help retailers boost leads and slash sale times

13 October 2022
Video adverts net uptick for used car retailers
Renault Korea model
The model's obscured lines show an SUV-style car, which will feature a hybrid powertrain
Business

Renault Korea and Geely preview first joint-venture model

New joint venture with Chinese firm comes more than a year after Renault ended its agreement with Dongfeng

12 October 2022
Renault Korea and Geely preview first joint-venture model
Hyundai Ioniq 6 rear
Hyundai, Kia and Genesis EVs will be heavily inter-connected from 2025
Connected cars

Hyundai Motor Group details huge £11 billion software ramp-up

New operating system and platforms inbound in push to boost vehicles' functionality, value, capability and intelligence

12 October 2022
Hyundai Motor Group details huge £11 billion software ramp-up
Fiat 500 electric Mirafiori production line
Stellantis is confident it can generate £1.7 billion in revenue from remanufacturing annually by 2030
vehicle manufacturing

New Stellantis arm to extend combustion car lifespans

Circular Economy Business unit will supply remanufactured parts in as-new condition

11 October 2022
New Stellantis arm to extend combustion car lifespans
Nissan badge 2022
The sale of Nissan's Russian business is expected to incur a loss of £620 million
Finance and corporate

Nissan announces total exit from Russian market

Nissan is selling manufacturing and sales assets to state with six-year buy-back agreement in place

11 October 2022
Nissan announces total exit from Russian market
Storedot test battery cell pouches
Storedot's silicon-anode cells are claimed to have a 300Wh/kg energy density
Tech, development and manufacturing

Storedot hails ‘extreme fast-charging’ silicon batteries

OEMs impressed by battery tech that allows for 100 miles in five minutes, but CEO says it still has long way to go

11 October 2022
Storedot hails ‘extreme fast-charging’ silicon batteries
BMW dealership forecourt 2021
"I worry about supply coming back!” said Vertu CEO Robert Forrester in May
Retail and finance

UK car dealers make record profits per sale amid supply shortages

Supply shortages driving price hikes mean some major dealers are making thousands more per sale in 2022

11 October 2022
UK car dealers make record profits per sale amid supply shortages
range rover sport 09 front tracking 0
The order book has been fuelled by the release of the new Range Rover and Range Rover Sport
Finance and corporate

JLR order book rises to more than 205,000 cars

But Tata-owned British firm is increasing production as it pushes to reverse £524m loss

10 October 2022
JLR order book rises to more than 205,000 cars

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