English

More about this topic

Business

BMW’s China sales drop to lowest level in five years at start of 2025

The German carmaker announced a global sales decline of 1.4%, dragged down by weak China demand, while Trump’s auto tariffs loom over the year ahead.

Business

Why Trump’s tariffs are a serious threat to the German car industry

US tariffs are affecting up to €67bn of EU automotive industry exports, the majority of which are coming from Germany. BMW, Volkswagen and Mercedes must choose between pausing shipments or absorbing tariff costs.

Business

Porsche reports significant plunge in European and Chinese deliveries

Although North American deliveries soared 37% in the first three months of the year, they were not enough to offset Porsche’s steep falls in other key markets.

Business

European car sales dip in February, EVs pick up but Tesla sales tumble

A sharp decline in overall sales in major markets including Germany and Italy dragged down the numbers of newly registered cars in the EU. However, EVs are distinctly increasing their market share in the bloc, with Chinese-made cars on the rise.

ADVERTISEMENT

Business

Porsche shares fall as company warns of lower sales

Porsche has also announced that it will be cutting almost 4,000 jobs as part of a wider reorganising effort, as the company attempts to become more efficient in the medium and long term.

Business

Tesla UK sales rise despite unease over Musk’s political involvement

Tesla’s global sales have been increasingly affected by rising competition from Chinese rivals such as BYD and Geely.

Business

Luxury carmaker Aston Martin to cut 170 jobs after another annual loss

Job losses are expected to save Aston Martin £25 million as it struggles with supply chain disruptions, inefficiencies, and weak Chinese demand.

Economy

EU battery electric vehicle sales jump in January driven by Germany

Hybrid-electric vehicle registrations also increased in the EU in January, mainly because of robust French performance. However, plug-in hybrid electric vehicle registrations lagged behind.

Business

Porsche to cut almost 2,000 jobs in Germany as EV demand declines

The carmaker blamed the job losses on lacklustre demand for electric vehicles and “challenging geopolitical and economic conditions”.

Economy

Global electric vehicle sales for January reveal US-driven spurt

Strong performance in the US as well as Europe contributed to robust worldwide electric vehicle sales in January but China saw softer growth.

Business

Blow for Europe as Chinese EV makers fan competition with new deals

A number of Chinese electric vehicle companies have announced a range of promotions over the Lunar New Year holidays, such as better financing deals, in an effort to boost flagging sales.

Business

Volvo Group struggles with slower sales as European truck demand falls

Volvo Group reported its latest financial results on Wednesday and highlighted slower sales in Europe due to a declining demand for trucks.

Business

Volkswagen warns against Trump tariffs as new presidential term begins

The German carmaker is already contending with a sales slowdown, high costs, and competition from cheaper Chinese competitors.

Economy

EU new car registrations inch up in 2024 as Spain boosts figures

While new car registrations remained strong in Spain, other major European markets, including France and Germany, saw marked declines.

Economy

European car makers could see rocky 2025 amid changing regulations

Several challenges, such as changing emissions laws, as well as cost pressures could continue to erode car manufacturers' profit margins this year, according to the Society of Motor Manufacturers and Traders.

Business

Renault Group sales zoom ahead after 2024 European performance boost

A number of new model launches, including hybrid and all-electric vehicles, helped Renault Group deliver a rise in sales in Europe last year.

Business

Global electric vehicle sales surge as China demand boosts growth

While China and North America maintained their robust electric vehicle sales growth, European EV sales floundered, as Germany faces mounting political and economic changes.

Economy

UK drives forward as biggest European electric vehicle market

Although the UK experienced record electric vehicle sales in 2024, this also came at a considerable cost, in the form of steep manufacturer discounts.

Business

Chinese EV giant BYD beats domestic players to hit record 2024 sales

Electric vehicle company BYD has announced record sales for the last year, boosted by rising Chinese demand, as well as government trade-in deals.

Business

BMW says luxury cars were sold to Russian buyers despite sanction

BMW Group has confirmed that it has sold more than 100 high-end cars to Russian buyers, despite EU sanctions being in place to halt the export of vehicles to Russia.