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…
Europe’s biggest motorbike producer faces insolvency
KTM, the Austrian motorcycle manufacturer, is facing insolvency and will apply for restructuring in accordance with the Austrian Insolvency Act.
Brussels forcing production of EV cars nobody wants, sales crash 70 per cent in Germany
Some bad news for the European Union's Green New Deal: sales of electric vehicles have declined 18 per cent across the Union, led by a 33 per cent retreat in France…