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Markets

Why are these 6 top European carmaker stocks trading at record lows?

European car manufacturers, including BMW, Mercedes, and Volkswagen, face sharp stock declines due to weak demand in China, rising competition, and high electric vehicle costs, pushing investor pessimism to record levels.

Business

Audi row with Brussels workers heats up as it demands return of keys

The carmaker threatens a lawsuit with workers in Brussels if some 200 keys taken by workers aren't returned, as tensions remain high over the potential plant closure.

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.

Business

VW workers blast management amid potential plant closures

The Volkswagen works council criticised the executive board for suggesting plant closures and threatening job security, as Volkswagen's Chief Financial Officer says the company may not survive the transition to electric cars unless it cuts costs.

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Business

VW considers German factory closures for first time in 87-year history

Jobs with VW in Germany are meant to be protected until 2029, but the firm could now renege on that promise.

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

VW mulls closure of Brussels Audi plant due to low demand for EVs

The Audi plant has seen a drop in demand for luxury EVs. Owner VW is currently trying to find an alternative solution for the Brussels site.

Business

Volkswagen hits back at EU tariffs on Chinese electric vehicles

German auto manufacturers such as Volkswagen and BMW have increasingly warned about the potential adverse effects of EU tariffs on the European auto industry’s competitiveness down the line, as well as their own operations in China.

Business

Germany halts the planned sale of VW's gas turbine business to China

This move, although made to protect Germany and the EU’s sensitive technology, has also raised concerns about Germany’s competitiveness in the international market.

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Iconic Volkswagen Beetle kept alive in Mexico City

The Beetle, known as 'Vocho' in Mexico, is so popular in the city due to its historical affordability and the powerful engines that help it navigate the steep hills.

Economy

Why is Germany opposed to EU tariffs on Chinese electric vehicles?

German automobile manufacturers such as BMW, Mercedes-Benz and Volkswagen could be badly hit by retaliatory tariffs because they all have massive production plants in China.

Business

Volkswagen looks to brighten up electric car sales with solar panels

Volkswagen is aiming to increase its appeal to EV customers by offering them the chance of taking a solar panel deal to cut the cost of recharging.

Economy

Manganese batteries: Could they be the main driver for EVs?

Lithium batteries are expensive to produce, and can be hard to recycle. There are also claims that mining for lithium is dangerous. Manufacturers are looking at other metals to see what they can offer.

Business

BMW and Jaguar slammed for importing banned Chinese parts and cars

The parts are mostly LAN transformers, imported from Sichuan Jingweida Technology Group (JWD) which allegedly uses forced Uyghur labour.

Business

Volkswagen Group sees Q1 earnings plummet as car sales stall

Mercedes-Benz also saw falling profits, as expected, due to changes in models and supply chain issues, while Stellantis also missed earnings expectations due to a poor product mix.

Business

VW and other European electric car makers fight to catch up with China

Volkswagen and other European giants risk falling behind in an industry where manufacturing and sales dynamics are changing with incredible speed.

Business

VW electric car sales plunge: Why are Europeans returning to petrol?

Sales of Volkswagen electric vehicles in Europe fell by almost a quarter in the first three months of the year as consumers returned to petrol.

Business

European car imports held up in US over banned Chinese part

Thousands of luxury VW cars have been seized by US customs officials over a part linked to allegations of forced labour in China's Xinjiang region.

Business

Have any of your car parts been made by forced labour?

Car makers including Tesla, General Motors, Volkswagen and Toyota are failing to ensure they are not using forced labour as part of their China supply chains, Human Rights Watch says.

Mobility

ChatGPT voice assistant is making its way into Volkswagen cars

You can ask the vehicle's onboard assistant to do all types of things, such as keeping you warm to asking it to keep your children entertained.