Europe

MILAN — Renault CEO Luca de Meo has resigned as a director at Italy’s biggest phone company, Telecom Italia, to focus on the automaker’s turnaround plan, the telecoms company said. De Meo’s resignation will be effective after Telecom Italia’s board of directors meeting scheduled on Thursday, TIM said, adding the company’s nomination committee will start
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MILAN — Renault CEO Luca de Meo has resigned as a director at Italy’s biggest phone company, Telecom Italia, to focus on the automaker’s turnaround plan, the telecoms company said. De Meo’s resignation will be effective after Telecom Italia’s board of directors meeting scheduled on Thursday, TIM said, adding the company’s nomination committee will start
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Pendragon has received an unsolicited preliminary proposal from its largest shareholder, Hedin Mobility Group, offering to buy the dealership group for about 406 million pounds ($429.67 million). The cash offer, made on Sept. 21, valued London-listed Pendragon at 29 pence per share, nearly 28 percent higher than the company’s closing price of 22.7 pence on
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The world’s biggest maker of electric-vehicle batteries, China’s Contemporary Amperex Technology Co. Ltd., is considering a third factory in Europe, the company’s president in the region, Matthias Zentgraf, said. “We are thinking about this, but currently there is no clear decision or activity,” Zentgraf told Bloomberg News in an interview, saying internal discussions are already
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TOKYO — Mazda is discussing ending production of its vehicles at a joint venture plant in Vladivostok, eastern Russia, the Nikkei newspaper reported. The Japanese automaker sold 30,000 cars in Russia last year. Mazda said in March that exports of parts to the plant were going to end and production would cease when stocks ran
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Volkswagen Group could shift production out of Germany and eastern Europe if a shortage of natural gas persists, the latest sign that the energy crisis unleashed by Russia’s invasion of Ukraine threatens to shake up Europe’s industrial landscape. VW said Thursday that moving production was one of the options available for it in the medium-term
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Toyota will close its plant in St. Petersburg, Russia, and may sell it, amid shortages of key components and materials following Russia’s invasion of Ukraine. The automaker suspended production at the factory in March following Russia’s invasion of Ukraine. It also stopped vehicle imports into Russia. Toyota said on Friday that over the last six
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Renault, Stellantis and Toyota are the latest automakers to join a platform for patent licenses from tech companies, aiming to simplify access to wireless technology and avoid costly legal battles. Conflicts have stemmed in part from different views among automakers, suppliers and tech companies over who should shoulder the cost of licensing. Through independent licensing
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