Albertina Torsoli

Renault SA says the European Union reached an initial “major milestone” with its deal to slow the onslaught of hybrid cars from China that will help foster a future for Europe’s automotive industry.

European carmaking leaders are heading to next week’s Paris Motor Show after winning some breathing room from Chinese competitors.

Renault SA will replace its chief financial officer with Carine Damois to bolster its leadership at a critical time for Europe’s automotive industry.

A French battery maker backed by Renault SA is planning to ask creditors for more flexibility with the terms of its debt after its production ramp-up fell behind schedule, in the latest example of the challenges facing Europe’s electric vehicle manufacturing industry.

After years of broadly unsuccessful efforts to wean drivers off combustion engines, sales of electric vehicles are surging in Europe thanks to the jump in fuel prices stoked by geopolitical upheaval.

Airbus SE says it won a 25-year cybersecurity contract from the French Ministry of Armed Forces as the country steps up efforts to defend itself from possible attacks to critical infrastructure.

Volvo Car AB’s board of directors appointed Klaus Zellmer as president and chief executive officer to replace Håkan Samuelsson, who’s set to step down next year.

Stellantis NV plans to invest more than €1 billion ($1.16 billion) to produce a new van at a factory in France, part of a wider overhaul of its European manufacturing operations, according to people familiar with the situation.

Renault SA’s first-half operating return beat expectations, helped by cost cuts and a strong electric-car lineup that delivered better returns than some premium carmaking peers.

BMW AG is pulling out of this year’s Paris car show as new Chief Executive Officer Milan Nedeljkovic cuts costs following a major profit warning.