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Business

Tesla gets go-ahead for controversial factory expansion in Germany

The US electric car maker has plans to build the biggest car plant in the country, manufacturing one million cars annually.

Europe News

Macron opens Paris Motor Show amid crisis for French carmakers

The French president called for tariffs on Chinese EVs and a united European strategy as the auto industry struggles.

Business

Porsche sales plunge as Chinese competition heats up

German automaker Porsche has experienced dropping sales as competition in China continues to rise, with demand for some of its key electric models falling as well.

Europe News

Why are carmakers pleading for a respite from EU climate policy

The head of the European Automobile Manufacturers’ Association explains why the industry faces multi-billion euro fines next year when stricter CO2 emissions limits kick in

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Business

Time for the Robotaxi? Future trend in focus ahead of Tesla update

Tesla is expected to report a record number of deliveries for the third quarter next week, fuelled by strong sales growth in China. The upcoming Robotaxi event is likely to be a key focus, shaping the future trend of its stock.

Europe News

Italy, Germany to propose rethink on petrol and diesel car ban

Rome and Berlin are siding with the European automotive industry in calling for the EU to relax CO2 emissions standards for cars as the bloc aims to end the sale of new petrol and diesel models by 2035.

Markets

DAX may face pressure amid rising economic and political uncertainties

Germany's stock market has continued to reach new highs, buoyed by the easing monetary policies of global central banks. However, political and economic challenges may limit further gains.

Business

What is behind the huge drop in Mercedes' share prices?

The German carmaker’s shares started Friday with an almost 7% drop as the company significantly cut its expected results for the full year because of weakness in Chinese demand for its vehicles.

Business

Volkswagen denies plans to cut 30,000 staff from its workforce

Earlier this month, CEO Oliver Blume told employees that the company needed to end a three-decade-old job protection pledge that would have banned layoffs until 2029.

Economy

EU car industry calls for urgent action as EV new car sales tumble

The industry is calling for policymakers to help, saying that, if nothing is done, the required transition will be costly not only to the carmakers but to the economy itself, as well as putting the EU's transition to zero-emission at risk.

Business

BMW took two years to discover billion-euro car fault

The company's shares plummeted last week on its profit warning as it revealed the scale of the problem, with €5bn at one stage being wiped off its value.

Business

BMW shares plunge after vehicle recalls for brake system fix

BMW has downgraded its full-year outlook following a braking system malfunction that led to a recall of more than 1.5 million vehicles.

Business

Audi Brussels plant risks closure after car model to cease production

Unions have been left surprised after Audi Brussels has confirmed that there are no plans to produce its flagship car model at its Forest site in Brussels beyond 2025.

Economy

Industrial decline in Hungary accelerates as car production drops

The outlook for Hungarian industry remains pessimistic with last month's output improvement appearing to be an anomaly.

Business

No sign of slowdown for Chinese electric car sales, despite EU curbs

The European Union, the US, and Canada have all announced plans to limit Chinese-made electric vehicles (EVs) over concerns that subsidies provided by the Chinese government are unfair and detrimental to local car makers.

Business

EU electric car sales stall as Germany lifts its foot off the pedal

Sales of electric cars have dropped off particularly in Germany as government financial incentives for electric vehicles slowed down. Consumers are also spending less amid fears of problems with the economy.

Business

BMW overtakes rival Tesla to take the top spot in European EV sales

Sales of fully electric BMWs rose by more than a third in July, although the German carmaker still trails behind Tesla in year-to-date sales.

Business

BMW recalling more than 720,000 vehicles due to water pump issue

BMW is recalling more than 720,000 vehicles due to an issue with the water pump's electrical connector that could potentially lead to a fire.

Business

Porsche moves in with deal to help stalling German battery maker Varta

Porsche's decision to support Varta will allow the luxury car maker to have access to high-performance batteries for its hybrid and electric cars.

Travel News

Summer road trip? Take extra care in these dangerous EU countries

Long distance trains and buses are a cheaper, greener and safer alternative to driving.