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Chinese carmakers double EU market share as EVs drive sales growth

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Economy

The electric transition: Which EU country is buying the most EVs?

New battery-electric car registrations in the EU jumped by 25.7% in October compared to the same period last year. But which country is leading the EV race?

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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.

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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.

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Economy

Car and vehicle prices across Europe: How much is it in your country?

From budget-friendly bicycles to expensive cars, Euronews Business takes a closer look at how the price levels of personal transport equipment vary across Europe, revealing the most and least expensive countries.

Business

From James Bond to budget cuts: Tariffs put pressure on Aston Martin

The British carmaker’s warning of deeper-than-expected losses sent shares plummeting, a stark reminder that prestige cannot shield a brand from tariffs and sluggish demand.

Business

Tesla sales jump after months of boycotts: Can the momentum continue?

Tesla stock rose sharply on the sales news, but closed the day down 5% amid scepticism that the new number really signals a turnaround.

Business

Germany’s Bosch to cut 13,000 jobs at its auto-parts business

The engineering giant is hoping the job cuts will save €2.5bn as Europe’s car market crisis stretches on.

Business

Electric vehicle sales surge across EU as overall car market stalls

Battery-electric and hybrid models are gaining ground in the EU, while diesel and petrol car sales continue to lose momentum.

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.

Markets

Nissan shares plummet more than 6% as Mercedes-Benz sells its stake

Nissan shares fell as German carmaker Mercedes-Benz, the second-biggest shareholder in the ailing Japanese carmaker, sold its stake.

Business

New energy vehicles made up almost half of car sales in China in July

In the first seven months of 2025, total vehicle sales in China rose 12%, buoyed by strong growth in sales of new energy vehicles.

Business

Hammered by US tariffs, Volkswagen’s profit drops sharply

Germany’s Volkswagen cut its financial guidance for 2025 after US tariffs took a €1.3 billion toll on its income in the first six months. But European sales and EVs appear to support future growth.

Business

Tesla sales and profits continue to drop, with no relief in sight

The fallout from Elon Musk's plunge into politics a year ago is still hammering his Tesla business as both sales and profits continued to drop sharply in the latest quarter.

Markets

Renault shares plummet 17% after profit warning and weak results

The carmaker disappointed with its preliminary financial figures for the past six months and has not yet found a permanent successor to former CEO Luca de Meo, instead appointing an interim leader.

Business

Tesla sales fell sharply in the last three months — is Musk to blame?

Tesla sales fell 13% in the period between April and June, as its CEO Elon Musk faces backlash and competition is taking a toll on the company's dominance.