Stellantis shuts down production in European plants due to weak demand
European car giant Stellantis will pause production in its European factories as it continues to struggle with poor sales.
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European car industry
Popular articles tagged "European car industry"
Europe no longer export champion without cars, says Renault chief
The EU would lose its positive trade balance if stripped of car exports, French automaker Renault's vice-president Jean-André Barbosa warned during a conference…
Ford to slash 1,000 jobs in Cologne due to weak electric car demand
Ford Motor Company has announced plans to cut 1,000 jobs at its Cologne plant in Germany, with the reductions set to begin in early 2026.
Car-export reliant Italy caught between Washington and Beijing
Italy’s car industry, central to its exports and manufacturing base, has been caught between two rival powers whose trade decisions could shape its future.
Mercedes CEO : Europe risks ‘automotive collapse’ over CO2 emissions rule
Europe’s automotive sector faces collapse under the weight of the EU’s CO2 regulations and their “draconian penalties,” Ola Källenius, CEO of carmaker Mercedes…
Mercedes-Benz profits plunge
German car manufacturer Mercedes-Benz suffered a huge drop in profits in the first half of this year, down by 55.8 per cent.
EU wants more Chinese cash and know-how on EV’s but also more control
As Chinese money and technology pour into Europe’s electric vehicle and battery industries, Brussels is torn. It wants the investment – but not the dependence.
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.
China’s structural slump may fuel flood of cheap goods to EU
China's factories have been producing more than its domestic market can absorb, and those goods are headed to Europe.
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.
Losses for German automotive supplier ZF top €1bn
German automotive supplier ZF has endured a brutal 2024 and reported yearly losses of more than €1 billion.
Volkswagen profits tumble 30 per cent
Volkswagen's net profit plummeted by more than 30 per cent in 2024 compared to the previous year.
Porsche plans to cut additional 1,900 jobs by 2029
Carmaker Porsche plans to cut an additional 1,900 jobs across the entire company over the next four years after a programme that has already started was determined…
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,…
Renault overtakes Stellantis in European car sales
Troubled Amsterdam-based multinational vehicle giant Stellantis has seen its market share drop by 7 per cent, losing its second-largest carmaker in Europe slot to…
EU car industry calls for CO2 fine relief to avoid ‘irreparable’ harm to competitiveness
The European automobile industry has called on the EU to roll back CO2 emission fines to avoid crippling the bloc's competitiveness.
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…
What will the EU do when cars become commodities?
Volkswagen has defused the labour crisis sparked by its announcement of impending plant closures with a deal that agrees to keep these factories open and reduce…
Bosch, ‘absolutely unbearable,’ to cut up to 10,000 jobs as German economy slows
German industrial giant Bosch will lay off thousands more employees than it had already announced, it said on December 11.
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.
Economic expert dismantles EU’s industrial policy of ‘picking winners and losers’
Jonas Grafström, an economic researcher and visiting fellow at the Oxford Institute for Energy Studies, has written a highly critical report on the European Union's…
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…
Automotive supplier Bosch plans to cut 5,550 jobs, most in Germany
In a new blow for the struggling German car industry, auto parts supplier Bosch has said it wanted to cut more jobs than previously indicated in May, when the company…
Czech Republic joining Italy to fight carmakers’ CO2 fines
The Czech Republic will join Italy in seeking to prevent carmakers from facing heavy penalties from next year, when tougher CO2 emission rules take effect in…
EU deindustrialisation: Audi to shut Brussels factory in February 2025
German vehicle manufacturer Audi has said it would shut its factory outside Brussels by the end of February next year, media outlets in Belgium have reported.
German car industry chief warns one-in-four jobs at risk in next decade
Volkswagen's recent shock announcement to cut tens of thousands of jobs, in concert with wage restrictions, was not an isolated event but part of a much bigger crisis,…
Volkswagen crisis: Tens of thousands of German jobs at risk with factory closures
German multinational car giant Volkswagen has announced dramatic austerity measures as the company struggles with declining sales and revenue.
Car wreck? European auto giant Stellantis cleans house at top amid crisis
Multinational vehicle maker Stellantis has replaced several top managers, including CEO Carlos Tavares, after posting dismal results amid the growing economic crisis…