Strategy & innovation newsletter | Edition 12 | 2024
Audi takes 'painful' decision to close Brussels EV factory as electric car demand slows
Audi has announced it will close its factory in Brussels by the end of February, in the latest blow to EV manufacturing. The German manufacturer, which is part of the Volkswagen Group, has taken the 'painful' decision after unsuccessful efforts to find a buyer for the vehicle-making plant.
Citroen drops price of e-C4 by £5,600 in revised range line-up
Citroen has dropped the price of its revised fully-electric e-C4 by more than £5,600 compared to its predecessor as part of facelift of its C4, e-C4, C4 X and e-C4 X ranges. The facelift has also seen a number of specification and technical changes introduced for the mid-sized hatchback and saloon.
Porsche-Piech family pushes for VW German plant closures, FT reports
(Reuters) - The Porsche-Piech family, controlling Volkswagen's top shareholder, are increasingly concerned by the lack of progress in the German automaker's restructuring and has been pressing for the closure of several German factories, the Financial Times reported on Wednesday.
Honda Explores Nissan Rescue With Foxconn Also in Hunt for Stake
Honda Motor Co. is in talks to come to the aid of Nissan Motor Co. by potentially forming the world's third-largest carmaker in order to better withstand escalating challenges for the global auto industry.
Elon Musk's Tesla lobbied UK to charge petrol drivers more
Elon Musk's electric car firm Tesla pushed the government to make petrol car drivers "pay more" in the days after Labour won the general election. Musk, the chief executive of Tesla, has waded into British politics openly on social media, predicting "civil war" and criticising prime minister Sir Keir Starmer.
Insurance news
Navigating the Road Ahead: How AI and Vehicle Automation are Transforming the Transportation Industry
Artificial Intelligence (AI) is expected to impact almost every modern industry, with no exception for the automotive and transportation industries. Today’s cars are more “connected” than ever, offering features such as real-time traffic updates, vehicle-to-vehicle (V2V) and vehicle-to-everything (V2X) communication, predictive maintenance reminders, and advanced driver assistance system (ADAS) features like lane-keep assist and automated emergency braking.
Insurance Sector Must Face Challenges on EV Repairs
The insurance industry supports the transition away from internal combustion engines (ICEs). Indeed, given the challenges posed by the accelerating pace of climate change, driving cars that no longer run on fossil fuels is the only right choice for us as a society, maybe even the only possible choice.
Digital marketing and retail news
Amazon ‘redesigns car shopping’
Automotive retail has been transforming itself in the wake of digital advances, with many brands moving to an omnichannel role. That usually includes a combination of digital sales touchpoints in addition to traditional brick and mortar dealerships.
Xpeng to launch UK franchise network in 2025 with up to 20 retailers
Chinese car brand Xpeng is set to reveal its first UK dealership in early 2025, the first of 20 retailers the manufacturer has charged with establish a comprehensive network by the end of the year.