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Europe News

EU puts billion-tonne carbon cap on buildings and road transport

The European Commission has set the volume of emissions allowances to be auctioned in the first year of a potentially controversial scheme that could push up fuel prices.

Business

General Motors takes billion-dollar hit over losses in China

China has become an increasingly difficult market for foreign car makers, with BYD and other domestic companies raising their quality and cutting costs. The country is now also subsidising its own domestic car makers.

Design

Who is Gerry McGovern? The man behind the Jaguar rebrand

British car designer Gerry McGovern has massively (and controversially) revamped the luxury car brand Jaguar.

Business

Volkswagen workers in Germany ready to strike in early December

Volkswagen workers are set to strike in Germany in early December and union IG Metall said in a circulated pamphlet that it is "necessary".

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Business

Trump's threat to impose tariffs could be costly for US consumers

Consumers will have to pay more for their cars, one analyst warns, adding that among the hardest hit would be Volkswagen, Stellantis, General Motors and Ford.

Economy

October new car registrations inch up as Spain and Germany see rebound

EU new car registrations rose in October, boosted by robust performance in Germany and Spain.

Business

Ford to cut thousands of jobs in Europe blaming poor EV sales

The job cuts, which will account for around 14% of the company's total European workforce, are expected to happen by the end of 2027.

Business

Jaguar leaps into historic rebrand as it focuses on electric cars

Jaguar's big plans for the future include replacing its historic "growling cat" logo with a "leaping cat" one, as it attempts to bring modernism into its company design.

Markets

Tesla shares surge on hopes for self-driving rules relaxation

Tesla may soon overcome a critical regulatory hurdle for its autonomous driving system, with Elon Musk's support for Donald Trump appearing to pay off. If the electric carmaker's Robotaxi services receive regulatory approval, it could usher in another phase of meteoric growth for the company.

Business

Hyundai Motor Company brings in new Spanish co-CEO to boost expansion

Hyundai Motor Company has appointed its first foreign chief executive officer (CEO) in an attempt to expand the company outside of South Korea and solidify its leadership in areas such as electrification.

Economy

EU battery-electric vehicle market outlook 'likely to worsen' in 2025

A lower battery-electric vehicle market share in 2025 is likely to make it much more difficult for the EU to meet its carbon emission targets as increasing the BEV market share and sales is one of the key ways car makers were planning to meet those goals.

Business

BMW: German car maker's profits tumble as sales plunge in China

The iconic German car maker is the latest car manufacturer to be hit by falling sales, including in China, where sales were down by almost 30%.

Business

European jobs at risk as car maker Nissan reveals major cutbacks

The Japanese car maker, which has seen profits plunge, is to cut 9,000 jobs around the world in an effort to save more than €2bn.

Business

Drop in sales in China hits profits for Japanese car maker Honda

Honda sold more motorcycles globally in the first half of its financial year as demand in Asia rose. However, it saw a fall in car sales, particularly in China.

Climate

‘These cars kill Valencians’: Activists deface SUVs in climate protest

If SUVs were a country they’d be the fifth biggest world polluter, according to campaigners seeking to steer them off our roads.

Markets

What investors need to know about markets and the US election

The US election could significantly impact financial markets, influencing currencies, stocks, and commodities. Here are some potential market reactions to different election outcomes.

Business

Stellantis revenue plunges as falling EU and US sales hit car giant

Europe's second-largest car maker, Stellantis, reported that its net revenues slumped by 27% in its latest earnings update as it aims to slim down its inventory and launch new products.

Green News

Fossil fuel company car subsidies cost EU taxpayers €42bn a year

Subsidies for petrol and diesel company cars cost EU taxpayers €42bn a year, study finds.

Economy

EU new car registrations for September stay on downward trend

EU new car registrations in September were mainly dampened by poor figures from France, Italy and Germany. Once again, Spain bucked the trend.

EU Decoded

EU DECODED: Pros and cons of tariffs on Chinese electric vehicles

The first episode of this programme that aims to decode the European Union (EU) legislative process explains why the European automotive industry is at a critical crossroads. Will tariffs on Chinese electric vehicles help competitiveness or trigger a trade war?