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Volkswagen lacks backing for overhaul plan with up to 100,000 job cuts

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Business

Ferrari's marketing boss quits after backlash over first EV

The man who shaped Ferrari's image for more than a decade is leaving the company weeks after the troubled unveiling of its first electric car, with a former BMW executive drafted in to steady the brand.

Tech News

Portugal to roll out autonomous driving test rules in July

From July, Portugal will allow autonomous vehicles to be tested on public roads under a new decree laying down strict rules on safety, insurance and oversight.

Business

Chinese carmakers double EU market share as EVs drive sales growth

New car registrations in Europe grew 4.2% in the first four months of 2026, as traditional European brands maintained their dominance despite Chinese carmakers doubling their share of the EU market.

Economy

Stellantis unveils €60bn plan and 60 new models by 2030

Stellantis chairman John Elkann calls the overhaul “ambitious but realistic”, as CEO Antonio Filosa outlines plans to save and create over €3 billion by focusing on flagship models.

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Business

From cars to defence, Mercedes-Benz open to military sector

While Germany’s automotive sector is coming under growing pressure, defence companies are increasingly eyeing its factories, skilled workers and industrial expertise.

Business

BYD in talks to buy idle European car plants as it eyes Maserati

BYD is in talks with Stellantis and other carmakers about buying underused European plants, according to the Chinese carmaker's vice-president.

Europe News

EU vows to fight ‘tooth and nail’ for industry after China threats

In an interview with Euronews, EU Trade Commissioner Maroš Šefčovič said the European Union would stand its ground after China threatened retaliatory measures over plans to strengthen the bloc’s industrial policy.

Europe News

China pushes EU to scrap 'Made in Europe' law or face retaliation

As EU countries debate the European Commission’s proposal, Beijing is urging national governments to abandon the planned law. Otherwise, China says it will take countermeasures.

Business

Beijing pans EU's plans to supercharge industry

Beijing released a statement on Monday attacking the EU’s strategy to supercharge local industry, arguing that the European preference creates investment barriers and discrimination – and that countermeasures could follow.

Business

EV sales spike nearly 50% in March amid Iran war energy shortage fears

EV growth in the EU is accelerating as Iran war disruption to the Strait of Hormuz tightens global oil and gas supplies, driving fuel price volatility.

Economy

German business expectations fall to their lowest levels since 2022

German business confidence dropped sharply in April, reaching its lowest point since the 2022 energy crisis.

Business

Stellantis calls 77,500 vehicles in Spain for overhaul

The problem affects Peugeot, Citroën, Opel, Lancia, Alfa Romeo, Jeep and Fiat vehicles manufactured between 2023 and 2026, according to the automotive group. The problem detected is not related to the engine, but to two components. It is a voluntary recall.

Business

Porsche's €3.9bn writedown cuts automotive profit by 98% in EV retreat

Two one-time charges nearly wiped out Porsche AG's operating profit in 2025, a collapse that highlights the challenges that lie ahead for Europe's long-term EV strategy.

Business

Volkswagen axes 50,000 jobs after profits collapse by nearly half

Volkswagen Group profits slumped by almost half in 2025. Trade conflicts, difficulties in China and the change in strategy at Porsche are putting Europe's largest car manufacturer under pressure.

Europe News

Friedrich Merz heads to China to reset strained trade relations

Germany aims to find “the right balance of cooperation” with China. The visit comes at a critical time for German car makers who face increased Chinese competition.

Business

Sinking star: Mercedes operating profits dropped by more than 50%

Following a year marked by US tariffs and severe competition from China, the German car manufacturer Mercedes recorded a huge drop in operating profits in 2025.