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GEODIS partners with France-based Renault Trucks to develop a 16-tonne electric urban delivery truck, designed for improved safety, comfort and ergonomics; prototype to be completed at Renault Trucks’ site in Blainville-sur-Orne, France, by end of 2022

Michelin suspends work at some European plants due to logistical impacts from Russia-Ukraine conflict; VW reduces production at two German plants, while Hyundai and Renault suspend production at Russia's St. Petersburg and Moscow plants, respectively

Rising steel prices, semiconductor shortage affect Mexican subcompact car market, with Chevrolet Beat, Spark, ending production, sales in the country; subcompacts had 28% market share in Mexico in 2021, with vehicle prices up 8.67% in December

High costs, pricing volatility in rare earths have OEMs, Tier ones considering magnet-free EV motors, with Audi using induction motors and Renault, BMW using wound rotor designs; permanent magnet motors are 83% of market, growing 6% since 2020: IDTechEx

JPMorgan: Electric vehicles are no longer the main way to compare carmakers, as self-driving cars will be the main race over coming years; Daimler, Stellantis, Renault, Volkswagen will benefit most from this trend, and are key picks among traditional OEMs

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