English

Car industry

Business

Mercedes global sales fall 6% as electric car sales hit record high

ADVERTISEMENT

ADVERTISEMENT

Business

Stellantis to halt four French plants for several days over supply shortage

The Italian-French-American carmaker has been hit by surging demand for electric vehicles, particularly from business customers.

Business

Over 2.8 million Audi and Volkswagen vehicles face recall worldwide

The German carmakers are to recall the vehicles because of a potentially faulty screw connection on the steering gear.

Business

'Made in Europe' battery rules could add €2,100 to electric car prices

Europe's strategy for its struggling car industry protects established manufacturers at the expense of consumers and taxpayers rather than helping them compete, according to a new report.

Markets

Volkswagen drops out of Euro Stoxx 50 index as pressure mounts

Volkswagen has been removed from the Euro Stoxx 50, the eurozone's benchmark index of its largest listed companies, taking effect as markets opened on Monday just days after Europe's biggest carmaker warned that one-off charges would wipe out most of its profit this year.

ADVERTISEMENT

Business

Volvo Cars appoints Škoda chief Klaus Zellmer as CEO for a turnaround

Volvo Cars has appointed Klaus Zellmer, current chief executive of Volkswagen's Škoda brand, as its next president and CEO, handing him the task of completing a turnaround at a carmaker whose shares have fallen by around 40% this year.

Tech News

Supermarket deliveries: Lidl tests autonomous electric lorry

Lidl is putting a driverless electric lorry on public roads in Hesse for the first time. What the technology can do and how other EU states are leading.

Business

Will Seat disappear? Government confident as Volkswagen weighs brand's future

The government says it is confident Seat will continue after Volkswagen kept several options open for the brand beyond 2030, adding no decision has yet been made on its future.

Business

Jaguar Land Rover cuts 4,000 jobs worldwide in effort to save costs

JLR said it would cut around 4,000 roles worldwide over the next two years as part of its plan to simplify its organisation and generate £1.7 billion (€2bn) in savings.

Business

Portugal's car market surges as electric vehicle sales jump 65%

Portugal's car market grew 11.3% in August, with electric vehicle sales surging 65.2% and now making up more than a third of new car sales.

Business

Volkswagen workers condemn ‘disastrous’ communication over job cuts

Employees have criticised Volkswagen’s management as the German carmaker considers further job cuts and the future of several plants.

Business

Who is Stellantis and why did it recall nearly 1 million cars?

The world's fourth-largest carmaker is recalling nearly 1 million vehicles — its third major safety campaign this year.

Europe News

Stellantis recalls 955,000 cars: New setback for group's credibility

Stellantis is recalling 955,000 vehicles over a fault with the rear-view camera, further fuelling questions over the carmaker's credibility.

Business

Volkswagen investors back rapid overhaul to improve competitiveness

As Volkswagen continues to deal with tariff impact and rising competition from Chinese carmakers, taking drastic cost-cutting and strategy steps have become all the more crucial to maintain its market position.

Business

Infineon hits revenue record: AI data centres drive growth

Once the problem child of the chip industry, Infineon has reinvented itself. Its semiconductors are now key components for electric cars, data centres and the energy transition.

Business

Mercedes-Benz cuts sales forecast as China troubles persist

German premium carmaker Mercedes-Benz reported a 22% rise in second-quarter operating profit but cut its full-year car sales forecast due to weakness in China.

Europe News

Hungarian ex-foreign minister Szijjártó takes job with China's BYD

Péter Szijjártó announced his resignation and details of his new position with the world's largest electric carmaker, China's BYD, on his Facebook page on Wednesday, detailing that he'll be filling an "international executive position".