(Bloomberg) Volkswagen, Renault and Stellantis are thinking the unthinkable, exploring tie-ups with sworn competitors to make cheaper electric vehicles and fend off existential threats.Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsCapital One to Buy Discover for $35 Billion in Year's Biggest Deal Amazon Deserves to Be Called Out for Swindling UsersStocks Pause Near Record as Traders Await Catalyst: Markets WrapWall Street’s Moelis Bet Big on the Middl
(Bloomberg) Volkswagen, Renault and Stellantis are thinking the unthinkable, exploring tie-ups with sworn competitors to make cheaper electric vehicles and fend off existential threats.Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsCapital One to Buy Discover for $35 Billion in Year's Biggest Deal Amazon Deserves to Be Called Out for Swindling UsersA $6 Trillion Wall of Cash Is Holding Firm as Fed Delays CutsYour 401(k) Will Be Gone Within a DecadeAs C
New car sales in the European Union declined by 3.3% in December, dragged down by slowing demand in Germany, data showed on Thursday, in the first decrease in 16 months. The year-on-year drop can also be attributed to a comparatively strong performance of the market in December 2022, the European Automobile Manufacturers Association (ACEA) said. In the whole of 2023, new car registrations rose 13.9%, to 10.5 million vehicles, with double-digit growth in Italy (+18.9%), Spain (+16.7%) and France (+16.1%) from a year before.
Despite all the hype with regard to vehicles running on alternate fuel, sales of fully electric and plug-in hybrid vehicles (PHEVs) have continued to slow across the world.