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Business

General Motors revenue outshines hefty charges tied to China

General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street.

Business

Jaguar Land Rover invests in custom paint services for luxury clients

Wealthy clients will be able to match their car's palette with their private jet or yacht colours, added the company statement.

Economy

EU new car registrations inch up in 2024 as Spain boosts figures

While new car registrations remained strong in Spain, other major European markets, including France and Germany, saw marked declines.

Business

Mercedes and Porsche 'downgraded' as German car makers struggle

As European car makers face mounting challenges in 2025, Goldman Sachs has downgraded both Mercedes-Benz AG and Porsche SE, citing rising costs, tariffs, and margin pressures.

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Business

China sees a boom in EV sales while petrol-filled cars tank

Plug-in hybrids saw the most rapid growth in 2024, attracting a second generation of electric vehicle buyers who are nervous about buying pure EVs or looking for the more extended range that hybrids can provide.

Business

VW management to take €300 million pay cut following union pressure

The news comes after Volkswagen reached a historic deal with unions in December.

Travel News

Drivers lose 101 hours a year in Europe’s most congested city

Traffic jams cost each driver more than €1,000 in wasted time in Europe’s most congested city last year.

Travel News

How to avoid Europe’s new fines for driving offences in 2025

Countries in the bloc are cracking down on emissions, dangerous driving and noise pollution.

Culture news

Stormzy banned from driving for nine months

'Shut Up' rapper told to shut away his car keys after being caught using his phone while driving.

Europe News

Electric cars: Which regions in Europe have the highest density?

Norwegian, Swedish, and Dutch regions are leading the charge, while certain areas in Greece and Spain have almost no electric car registrations.

Spain

Spain busts international crime ring for alleged car import tax scam

An international crime network defrauding over €17 million in VAT on luxury cars has been dismantled, resulting in 30 arrests across Spain and Germany.

Business

Aviva buys Direct Line, gaining share of the UK motor insurance market

Earlier this year, Direct Line rejected two takeover bids from the Belgian insurer Ageas where the second offer valued the firm at £3.2bn, which Direct Line branded as "unattractive" offer for shareholders.

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.

Europe in Motion

48% of new cars in the EU for 2023 were hybrid and electric

Despite pure petrol cars maintaining the largest individual share, 48.3% of the total 10.7 million new cars registered in the EU for 2023 were hybrid and electric.

Travel News

Mont-Blanc Tunnel re-opens after 15 weeks: But will it close again?

The world’s second deepest tunnel has been reopened after three months of renovations.

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.

Markets

Tesla shares rally as investors anticipate growth after Trump victory

Tesla's stock regains popularity as investors expect its Robotaxi and FSD technology to drive another phase of growth acceleration. The stunning performance drove Tesla's Price-to-Earnings(P/E) ratio to 103, the highest among the big seven stocks.

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).

Business

Plant closures and job cuts: Volkswagen resumes talks with unions

Management and unions at Volkswagen have yet to find common ground in talks concerning the German car maker's proposal on possible job cuts and plant closures. Workers took strike action on Monday.

Business

UK insurers Aviva and Direct Line agree on sweetened takeover bid

The UK insurance firm Aviva has improved on an earlier deal rejected by its smaller competitor Direct Line.