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EUROPEAN AUTOMAKER CRISIS
Volkswagen to cut 100,000 jobs by end of decade in biggest restructuring in global auto industryVolkswagen has approved plans to cut 100,000 jobs by the end of the decade, marking the biggest restructuring in the global auto industry. ...- Mercedes, BMW, Volkswagen, Audi and Porsche are losing China to EV upstartsAs competition in the Chinese automotive sector intensifies, German car manufacturers are witnessing a decline in sales and profitability. ...
- In May, every 10th new car sold in Europe was ChineseChinese car brands have captured over 11% of the European new car market for the first time, driven by hybrid and plug-in hybrid models off...
- Hormuz oil shock echoes 1973 embargo lessonsThe recent Strait of Hormuz closure, though brief, signals a potential turning point for global energy. Echoing the 1973 oil embargo, this ...
- Tesla and Chinese carmakers could see windfall from EU emissions rulesEuropean automakers face challenges from stricter EU carbon emission regulations, leading them to buy emissions credits from rivals like Te...
- Tesla, BMW take EU to court over China EV tariffsElon Musk's Tesla and German auto giant BMW have challenged EU import tariffs on China-made electric vehicles at the bloc's top court, the ...
- EVs could reach 24% EU car market share by 2025, T&E saysBattery-electric cars in the European Union are projected to reach a market share of 20% to 24% by 2025, driven by lower prices. EV sales h...
- German stocks lead Europe higher as oil slidesThe pan-European STOXX 600 index climbed 0.6% after ending last week slightly lower. The benchmark is less than 9% away from its all-time h...
- European stocks struggle as Volkswagen offsets earnings cheerVolkswagen, Europe's largest carmaker, dropped 2.7% after cutting its deliveries outlook and reporting lower-than-expected quarterly profit...
- European shares jump on US stimulus aid support, Brexit deal reliefThe benchmark European stock index jumped 0.5%, with automakers and energy stocks gaining the most.
- European stocks jump as carmakers, HelloFresh rallyThe pan-European STOXX 600 index rose 1.2% by 0716 GMT, led again by a rally in growth-sensitive cyclical sectors like travel and leisure, ...
- European stocks drop, kick off May on dour noteThe pan-European STOXX 600 fell 2.5 per cent in a downbeat start to May after the index recorded a 6 per cent gain in April.
- What's happened to the auto markets in Russia and Argentina is terrifyingMorgan Stanley's Global Auto Databook is packed with information about how strongly the global auto industry has recovered since the financ...
- Geneva Motor Show: Ford, Toyota and other carmakers prepare for deepening slumpFord Motor, Toyota Motor and other competitors are preparing for a deeper slump in the European auto market after deliveries at the beginni...
- Fiat seen turning to "Plan B" after losing Opel bidFiat boss Sergio Marchionne is unlikely to brood over losing his bid to take over German carmaker Opel and instead move swiftly to develop ...
- Europe under pressure to join auto bailoutChancellor Angela Merkel will hold crisis talks on Monday with General Motors’ Opel on providing financial support to the German automaker,...
- Global crisis shows teeth with mass Citigroup cutsA brutal financial crisis showed its teeth as Citigroup announced a massive 50,000 job cuts and automakers begged governments to save them ...
- European car sales slump by 14.5%New car sales in Europe slumped 14.5 per cent in October, the sixth consecutive monthly drop as the economic crisis takes hold, the Europea...
- EU nations agree to push back CO2 auto limits to 2015EU member states are ready to grant automakers a three-year delay until 2015 to reduce the CO2 emissions of their new vehicles, in light of...
- European new car sales slump 9.5% in March: Trade bodyNew car sales in Europe slumped 9.5 percent in March as economic uncertainty spooked buyers in the region's biggest markets, the ACEA Europ...
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