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ACEA data shows overall March auto sales in Europe drop 5.2% year-over-year reports Reuters, as BEV sales drop 11.3% YoY, gas-hybrid sales grow 12.6% YoY; Toyota's March EU sales up 18.4% YoY, Tesla sales drop 30.4%, Stellantis drops 12.6%, VW drops 9%

Tesla CEO Elon Musk denies Reuters report that claims Tesla is scrapping plans for an affordable EV and shifting focus to robotaxis; Musk says the entry-level model, costing about US$25,000, is set to be available by the second half of 2025

Leapmotor reportedly to start production of small EVs at Stellantis plant in Poland from Q2 this year leveraging semi-knocked down technique reports Reuters; Stellantis, which owns a 20% stake in Leapmotor, will own 51% of their joint venture

Fisker hires restructuring advisers for prospective bankruptcy filing reports Wall Street Journal, triggering stock price to drop by over 40% after-hours; Nissan reportedly in talks with Fisker for potential electric pickup truck reports Reuters

Angela Zepeda, Hyundai Motor America's chief marketing officer, named among 2024 Trailblazing Women in Automotive by Reuters; the accolade recognizes 20 global women leaders in the automotive industry for their influence and leadership

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