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Business

Italy's Stellantis becomes latest car giant to issue profit warning

The struggling maker of Jeep and Ram is looking for a new CEO to succeed Carlos Taveres, who is under fire from US dealers and the United Auto Workers union after a dismal first-half financial performance.

Business

Time for the Robotaxi? Future trend in focus ahead of Tesla update

Tesla is expected to report a record number of deliveries for the third quarter next week, fuelled by strong sales growth in China. The upcoming Robotaxi event is likely to be a key focus, shaping the future trend of its stock.

Business

What is behind the huge drop in Mercedes' share prices?

The German carmaker’s shares started Friday with an almost 7% drop as the company significantly cut its expected results for the full year because of weakness in Chinese demand for its vehicles.

Business

Volkswagen denies plans to cut 30,000 staff from its workforce

Earlier this month, CEO Oliver Blume told employees that the company needed to end a three-decade-old job protection pledge that would have banned layoffs until 2029.

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Europe News

EU-China talks fail to deliver breakthrough on electric cars dispute

Brussels and Beijing have agreed to take a new look at price undertakings, which could avoid extra tariffs on China-made electric vehicles.

Economy

EU car industry calls for urgent action as EV new car sales tumble

The industry is calling for policymakers to help, saying that, if nothing is done, the required transition will be costly not only to the carmakers but to the economy itself, as well as putting the EU's transition to zero-emission at risk.

Europe News

Europe's first lithium refinery opens in Germany

The refinery is expected to produce enough lithium hydroxide for 500,000 electric cars per year.

Business

China and EU set for talks aimed at easing tensions over trade tariffs

Amid escalating trade tensions, China’s commerce minister, Wang Wentao, and the European Commission’s trade commissioner, Valdis Dombrovskis, are set to meet this morning in Brussels to discuss trade relations between the two parties.

Business

Stellantis pauses electric Fiat 500 model production as orders slow

Stellantis, along with other global electric vehicle (EV) makers, has been hit by slowing European demand lately.

Europe News

EU rejects price offer from Chinese EV producers as talks near end

Negotiations between Brussels and Beijing on the dispute around electric vehicles have entered the final stretch ahead of a make-or-break vote.

Markets

Why are these 6 top European carmaker stocks trading at record lows?

European car manufacturers, including BMW, Mercedes, and Volkswagen, face sharp stock declines due to weak demand in China, rising competition, and high electric vehicle costs, pushing investor pessimism to record levels.

Business

Why are European carmakers struggling in the electric vehicle market?

European carmakers are struggling in the global electric vehicle market, with key brands like Stellantis, Mercedes and Volkswagen losing ground to competitors. High costs and limited new models are hindering growth, with BMW being a rare exception among European brands.

Business

Battery giant Northvolt to lay-off staff amid EV market slowdown

Northvolt has announced that it would be laying off a large part of its workforce and selling or consolidating several sites as the electric vehicle (EV) market slows down.

Business

Spain's Sánchez seeks to temper trade war during talks in Beijing

The two leaders both made statements in favour of free trade and promotion of cultural exchanges and tourism, according to state broadcaster CCTV, but did not announce any specifics in the ongoing electric vehicles dispute.

Green News

Why is Hungary becoming a hotspot for lithium battery plants?

People are continuing to resist the factory through street protests, court cases and toxic air monitoring.

Economy

Industrial decline in Hungary accelerates as car production drops

The outlook for Hungarian industry remains pessimistic with last month's output improvement appearing to be an anomaly.

Business

Volvo ditches plans to make only electric vehicles by 2030

Volvo Cars has abandoned its plan to become a fully electric car manufacturer by 2030 due to weakening consumer demand for pure electric vehicles. This shift marks the latest change among major car manufacturers.

Business

EU electric car sales stall as Germany lifts its foot off the pedal

Sales of electric cars have dropped off particularly in Germany as government financial incentives for electric vehicles slowed down. Consumers are also spending less amid fears of problems with the economy.

Lifestyle

Take a look at the uber-luxury supercars up for sale at Salon Privé

New fabulous four-wheeled supercars worth millions can be seen this weekend at the exclusive Salon Prive motor show at Blenheim Palace.

Economy

China holds off on EU brandy tariffs as subsidy spat drags on

Beijing moves to de-escalate trade tensions after the EU imposed tariffs on Chinese electric vehicles.