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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.

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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?

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

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.