CEO Jacques Aschenbroich said Valeo's electrification and driver assistance portfolios would enable it to outperform the market in coming years.

This was supposed to be a comeback year. But January got off to a very slow start. Here's why.

Adler Pelzer, a specialist in trim and acoustics, said the acquisition would give it access to key customers such as Renault-Nissan and Stellantis. The division had revenue of $465 million in 2019.

BorgWarner said the acquisition of the German battery systems supplier will significantly expand its commercial vehicle electrification capabilities. BorgWarner said the acquisition would “significantly expand its commercial vehicle electrification capabilities.”

Chinese automakers, including SAIC and BYD, are expected to lose significant share, as EV sales increase in North America and Europe.

LMC says global production will fall by as much as 700,000 units in the first quarter due to the shortfall, but will catch up in the second half of the year.

The financing for the French auto supplier from the European Investment Bank will be used for R&D into 48-volt mild hybrid technology, autonomous driving and other projects.

The two automakers that merged in January to form Stellantis will release 2020 financial results on the same day. 

Valeo has committed to carbon-neutral operations by 2050. To do so, it will invest $480 million across its value chain, including its own operations, those of its suppliers and the end use of its components.

The EZoom Yi, a midsize sedan from Renault's joint venture JMEV, is meant to appeal to services such as Uber. It will not be available for private sale as a Renault in Europe, CEO Luca de Meo said.

In picking Renault's Anthony Lo to succeed the retiring Moray Callum, Ford is repeating a strategy that has worked before. In 1997, it hired Audi's J Mays to replace the legendary Jack Telnack.

CEO Luca de Meo will present his vision for a new-look Renault on Thursday, as the French automaker seeks a return to profitability after record losses in 2020.

The France-based joint venture is seeking to win 30 percent of the European fuel cell van market, which could be as big as 500,000 units by 2030. The first projects will be fuel cell versions of Renault's Trafic and Master vans.

The creation of Stellantis will reduce PSA's dependence on Europe and give it access to the lucrative North American market. It also offers a chance for a fresh start in China.

Issues include troubles in China for both PSA and Fiat Chrysler, excess capacity in Fiat's European factories, PSA's over-reliance on Europe for profits, and poor results at Maserati and Alfa Romeo.