Business
European carmakers fear supply shocks as Nexperia halts China exports
Europe’s car industry is bracing for new supply shocks after Dutch chipmaker Nexperia halted wafer shipments from China amid management disputes, weeks after The Hague seized control of the company over security concerns.
Business
Jaguar Land Rover cyberattack drives UK car production to 73-year low
UK factories built 35.9% fewer vehicles in September after major manufacturer JLR was knocked offline by a cyber incident. Now the sector is accusing Westminster of unfairly taxing its own workers, putting Britain’s economy at risk.
Business
Tesla profits fall despite higher sales, hitting share price
Tesla reported a fourth straight decline in quarterly profit even as sales rose, triggering a drop in its shares in after-hours trading. Meanwhile, CEO Elon Musk is betting on the robotaxi branch to revitalise the company's future.
Business
Chinese BYD triples its sales in Europe while Tesla is losing momentum
New EU car registrations jumped by 7.4% in July year-on-year. EV sales are increasing, but Tesla is losing momentum in the bloc as Chinese competitor BYD grows in popularity, tripling its sales in the first seven months.