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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.

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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.

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".

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.