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Business

How Germany's car industry is bracing for Donald Trump's tariffs

Europe’s biggest, export-oriented economy is exposed to Trump’s tariffs, with German automakers in Mexico likely to see knock-on effects of a potential trade war.

Business

The EU’s plan to save the ailing European car industry

In a new action plan to boost Europe's car industry, the European Commission pledged to support EV battery manufacturing, one of five flagship initiatives. Brussels also gave more flexibility for meeting this year’s CO₂ targets.

Radio Schuman

Don't roll back electric in auto action plan, warns lobby

Kristian Ruby, secretary-general of Eurelectric, acknowledged that while the electricity sector benefits from the EU’s electric agenda, it remains open to discussions with major car industry players. However, he emphasised the importance of avoiding any rollback of the agenda.

Business

Chinese EV maker BYD announces share sale, floats Tesla collaboration

The electric vehicle maker has launched Hong Kong’s biggest listing in four years as it seeks cash for overseas expansion.

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Economy

Global car stocks weaken as Trump threatens tariffs against the EU

Trump's latest EU tariff threats have significantly contributed to escalating global trade tensions, as the US president also plans to levy tariffs on key trading partners such as Canada and Mexico.

Business

Stellantis sees plunging performance amid weaker sales across board

Stellantis’ disappointing performance comes as the wider global car market continues to face a number of challenges, particularly escalating tariff threats.

Business

Automaker Stellantis recalls 68,000 units in France due to fire risk

Stellantis has had to issue several recalls lately linked to a number of manufacturing issues, including fire risks.

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.

Radio Schuman

Can European carmakers go green without going bust?

Later today, EU Climate Commissioner Wopke Hoekstra will host a second meeting on the crisis in Europe’s car industry, driven in part by strict new limits on carbon emissions for new cars.

Europe News

EU initiates 'strategic dialogue' with troubled European car industry

EU car industry faces high energy costs, EV transition, job losses, and US tariff threats. European Commission seeks solutions to boost innovation amid fierce competition from cheaper Asian manufacturers.

Europeans' Stories

Factories from China spark geopolitical debates in Europe

Chinese companies are investing massively in Hungary.

Business

Japanese car makers Nissan and Honda announce plans to merge

The move will create the world's third-largest car maker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels.

Business

Union reaches agreement with Volkswagen to avoid plant closures

After days of negotiations which looked like they had reached a stalemate, German workers union IG Metall has reached a deal to avoid Volkswagen plant closures as well as redundancies and wage cuts.

Business

Tesla recalls 700,000 vehicles over tyre pressure monitoring

The issue is that the tyre pressure monitoring system warning light on the vehicles may not stay on between drive cycles, failing to warn the driver of low tyre pressure.

Europe News

Portuguese manufacturers warn of automotive industry crisis impact

The Portuguese automotive manufacturing industry's exports are predicted to fall in November and December, as demand for new cars slows across Europe.

Business

Volkswagen talks over future of plants and jobs at a 'stalemate'

Workers at the car giant have been taking industrial action following VW's revelations about the possibility of closing German plants and axing thousands of jobs. Volkswagen is struggling with falling sales in Europe, high labour costs and excess capacity.

Business

Nissan's shares soar on news of potential tie-up with Honda

Japanese car makers Nissan and Honda have confirmed they are in discussion about closer collaboration but denied reports they are to merge.

Business

Lamborghini delays the launch of its first electric model to 2029

The Italian carmaker believes the market is not ready for the brand's fully electric luxury car.

Economy

Here's how China, not Europe, is driving growth in global EV sales

China contributed to two-thirds of global EV sales in November, according to a new report.

Business

Nissan looks to find a way to kick-start its money-losing business

Nissan last month said it was slashing 9,000 jobs, or about 6% of its global work force, and reducing global production capacity by 20% after reporting a quarterly loss of 9.3 billion yen (€58m).