China’s EV trap: Preach Green, get a cheap car, lose your job
Buckle up, China’s electric vehicle market is a wild brawl. Prices plummet fast, and executives sling insults like playground bullies.
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European motor industry
Popular articles tagged "European motor industry"
European Parliament approves loosening of emission rules for vehicle manufacturers
The European Parliament has approved a relaxation of emission rules to help manufacturers avoid additional fines, offering relief to the already struggling European…
European car-giant chiefs say EU’s ‘disastrous’ regulations crippling business
The European car market was said to be in great peril because of "green" overregulation from Brussels, killing the industry.
Cars, planes and tariffs: EU gets a window seat on developments
The US President Donald Trump has slashed tariffs on car parts to support domestic factories while doubling down on duties in the aviation sector.
Porsche slashes outlook as US tariffs, China slump dim prospects
Porsche's margins plunged in the first quarter, the sports car maker said on Tuesday, forcing it to cut its outlook due to weakness in its key market China, a slowing shift…
Volvo plans cost cuts of €1.6 billion and staff reductions
Swedish automaker Volvo Cars has announced a cost-cutting initiative worth 18 billion Swedish krona (€1.
Volvo profits down more than expected
Vehicle manufacturer Volvo has had a bad first quarter, reporting sales that were lower than expected.
Volkswagen agrees to pay damages to Belgians for ‘Dieselgate’
Belgian consumers affected by the Volkswagen "Dieselgate" emissions scandal will soon be able to start claiming compensation, marking a major step forward in a years-long…
Michelin CEO tells Brussels Signal: ‘EU overregulation strangling economy and industry’
Overregulation in the European Union is "strangling the economy and industry," Michelin CEO Florent Menegaux has told Brussels Signal.
German car maker BMW reports sharp drop in profits for second year in a row
German car maker BMW has posted disappointing results for 2024 on weakening sales in China and at home.
Volkswagen profits tumble 30 per cent
Volkswagen's net profit plummeted by more than 30 per cent in 2024 compared to the previous year.
BMW expects lower-than-expected profit margin due to weak sales
BMW expects its fourth-quarter pre-tax earnings to be significantly below last year and its full-year margin to be in the lower half of its 6-7 per cent target,…
EU car makers turn to Tesla and Polestar for carbon credits to avoid fines
In a bid to comply with the European Union’s increasingly stringent CO2 emission targets, several European car manufacturers have been purchasing carbon credits…
Cold Christmas for employees at Austrian motorcycle giant KTM as production comes to a halt
The crisis at Austrian motorbike manufacturer KTM is worsening, with the company unable to pay its 6,000 employees the previously promised November and December…
Audi to recall more than 700,000 cars in new blow for owner VW
Audi, a Volkswagen subsidiary, has said it will have to recall hundreds of thousands of cars due to technical issues.
High-born French and low-born Italians against Chinese Commies: car wars
European car companies are locked in an increasingly bitter struggle to maintain profits and market share amid a secular downturn in sales of internal combustion…
Stellantis CEO Carlos Tavares abruptly quits as sales falter
Stellantis Chief Executive Carlos Tavares resigned abruptly on Sunday, two months after a profit warning at the maker of Jeep, Fiat and Peugeot cars that has lost…
Ford to slash 14% of European workforce, citing EV transition and intensifying competition
Ford said on November 20 it would cut around 14 per cent of its European workforce, blaming significant losses in recent years compounded by weak demand for electric…
Regions call on commission to review 2025 climate targets as they are ‘impossible to achieve’
"If the energy transition is not backed by sufficient investment and is not properly governed, there may be considerable risks to the competitiveness and resilience…
EU auto industry calls for urgent relief as sales plummet
European car sales have continued to decline with the major markets in the European Union being hit hard, including a noticeable drop in electric vehicle sales.
Chinese car firm shows interest in Audi’s endangered Brussels plant
Nio, a Chinese manufacturer of electric vehicles (EV's), is said to be considering the takeover of Audi's Brussels car plant, which is due to shut down.
European car industry ‘risks being crushed by EU fines’, Renault chief warns
Luca de Meo, head of the Renault group, has said he fears European car manufacturers will suffer under stricter emissions rules for new cars imposed by the European…
Meloni arrives in China, aims to boost trade balance
Italian Prime Minister Giorgia Meloni arrivies in China on July 26 for the first time since she took office in 2022.
IN DEPTH: Airbus tries to get a grip after stock market plummet
Aerospace multinational Airbus has said it wanted to avoid further delays in aircraft deliveries and was working with suppliers to avoid supply chain problems.
EU bureaucracy, taxes and energy costs forces major auto manufacturer abroad
Germany's second-largest automotive supplier, ZF Friedrichshafen, is planning to close plants in Europe and cut up to 12,000 jobs.
China’s trade minister warns EU over ‘green’ tech probes
China's top trade official warned Brussels against protectionism, saying Beijing was puzzled by European Union inquiries into "green" technology exports and the…
MEPs back new vehicle brake-emissions rules
MEPs have voted in favour of regulating vehicle-brakes’ environmental emissions as part of a new swathe of “green” transport rules.
EU should embrace influx of ‘free’ Chinese electric cars, says economist
The European Union should celebrate the influx of "free" Chinese electric vehicles into the bloc, a senior German economist has claimed.
Regional automobile alliance seeks EU support for industry transition
The second annual meeting of the Automotive Regions Alliance (ARA) held in Pamplona highlighted the urgent need for additional European Union (EU) funding to sustain…
EU ministers agree watered-down position on vehicle emissions
European Union ministers agreed on Monday to water down an initial European Commission proposal on new vehicle commissions after eight states including France and…