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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 CEO says 2025 will be a challenging year for motor industry

In a Euronews interview, the CEO of Volvo Cars warned that 2025 would be a tough one for the motor industry. He also shared his views on tariffs and the development of electric vehicle sales.

Business

Germans say no to Teslas as CEO Elon Musk voices support for far-right

Sales plummeted in Germany after the billionaire expressed his support for the far-right in the country. Sales of Tesla electric vehicles also fell in France and the UK last month.

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Markets

Ford shares slide on weaker growth forecasts and losses for EV unit

Ford has been grappling with stubbornly high warranty expenses and sluggish cost-cutting efforts. In the July-September quarter, the company took $1billion (€960,000) in accounting charges to write down assets for a cancelled three-row electric SUV.

Business

Tesla and BMW sue EU as discontent over Chinese EV tariffs mounts

Both BMW and Tesla have been hit with tariffs by the EU on imports of electric vehicles made in China, along with other Chinese manufacturers such as BYD and SAIC.

Business

Jaguar Land Rover invests in custom paint services for luxury clients

Wealthy clients will be able to match their car's palette with their private jet or yacht colours, added the company statement.

Business

Kia recalls more than 80,000 vehicles because of airbag safety concern

The recall affects more than 80,000 vehicles in the United States. The company said it took the action to remedy a wiring issue which could potentially lead to improper air bag deployment.

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.

Europe News

Auto lobby renews plea for leniency over failure to meet CO2 standards

European auto industry’s new lobbyist-in-chief says carmakers have no chance of complying with EU environmental law this year, and renews call for emergency relief from impending fines that could run to billions of euros.

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.

Mobility

What are the pros and cons of using EV car sharing schemes?

In the latest episode of our series The Switch, we weigh up whether electric car sharing schemes are a better bet than committing to buying an EV.

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.

Eco-Innovation

Tiny British island is now home to the world’s most remote EV charger

The island of St Helena is hoping that better infrastructure will incentivise more people to move away from petrol and diesel-powered vehicles.

Business

China sees a boom in EV sales while petrol-filled cars tank

Plug-in hybrids saw the most rapid growth in 2024, attracting a second generation of electric vehicle buyers who are nervous about buying pure EVs or looking for the more extended range that hybrids can provide.

Business

Northvolt AB owners vote for operations to continue amid cash concerns

Northvolt AB has signalled that its battery production operations will continue as normal, while the company ramps up efforts to find new sources of funds under the US Chapter 11 restructuring process.

Europeans' Stories

Factories from China spark geopolitical debates in Europe

Chinese companies are investing massively in Hungary.

Business

VW management to take €300 million pay cut following union pressure

The news comes after Volkswagen reached a historic deal with unions in December.

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.