Andrea Malan

Toyota, Peugeot and Kia all increased sales last month, while the market share for EVs remained unchanged.

Dacia, Hyundai and Kia all saw gains, while full-electric cars saw their market share decline after "help-to-buy" incentives ended.

Silk-FAW plans to start production of the S9 supercar in the northern Italian region that is home to Ferrari, Maserati and Lamborghini.

New CEO Benedetto Vigna has hired allies from his former employer, STMicroelectronics, and promoted internal candidates to new roles.

Registrations fell to 86,081 as automakers continue to struggle with the pandemic's economic impact and a shortage of semiconductors.

Demand fell to 86,679 in the sixth consecutive monthly decline last year.

The automaker said it will promote internal staff and appoint new hires to help implement a new organizational structure.

The semiconductors crisis has underlined that Europe's chip plants are capable of meeting the rising technological demands resulting from the shift to electrified, connected cars.

Registrations fell to 104,478, marking the fifth consecutive monthly decline, although the fall was smaller than the 36 percent drop the market suffered in October.

The chip shortage and Covid remain issues, but a dealer group says there are more than 100,000 orders that will be delivered in 2022. VW's Spanish brand Seat slipped to eighth place for the month.

In Germany, a customer can subscribe to the Born for 90 days for 589 euros a month. The delivery time is two weeks, according the Cupra's website. A half-year commitment drops the monthly price to 499 euros.

The V-12 fastback BR20, a two-seater instead of a four-seater, was designed and built to a single customer's specifications.

Ferrari's CFO said the new model, which will follow the $1.85 million Monza SP1 and SP2, was moved up a few months in response to strong customer demand.

Sales could receive a boost in the final quarter from buyers who want to avoid a registration tax increase planned for 2022.

Casu succeeds Joerg Astalosch, who will take up new responsibilities within VW Group.