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DARK SECRETS: 2 - The Real Truth

EU industry struggles with new US rules on imports of steel and aluminium

The US, which slapped 50% tariffs on EU steel and aluminium in June, requires importers to provide proof of origin for these materials when they are part of a finished product: a headache for European industry.

Euronews

Which European country offers the most government subsidies to buy EVs?

While all EU member states offer some form of tax benefit to boost EV sales, there is a significant difference between their direct purchase incentive schemes, with some of the most generous ones coming from Southern European countries.

Euronews

Euronews exclusive: Mercedes CEO answers top three questions about car industry's future

Europe's auto industry faces a crisis due to stuttering sales, high energy prices, and global competition. Mercedes-Benz CEO and ACEA President Ola Källenius shares his thoughts on the industry's future and other key issues in a Euronews exclusive.

Euronews

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The European Green Deal and the car industry - a fight to the death?

Carmakers have been at odds with the EU’s pledge to reach carbon neutrality by 2050 since the European Green Deal was unveiled by the European Commission almost six years ago, arguing that climate ambitions would destroy the sector’s competitiveness.

Euronews

MEPs vote for report pushing auto sector to recycle of end-of-use parts

New law incentivises more sustainable design, recycling, and reuse of car parts while reducing waste and raw material dependency.

Euronews

Crash or rescue: European carmakers look to EU for salvation

The current crisis affecting the European automotive industry is an acute threat to Europe’s economic future. Will a summit between the auto sector and Ursula von der Leyen on Friday provide a life-line?

Euronews

Tesla sales in Europe slump 40% as BYD new car registrations more than triple

Electric car business run by Elon Musk continues to lose ground to Chinese rival despite recent revamp of Model Y

The Guardian - UK

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Kia Is Perfectly Fine With The EU’s 2035 Combustion Engine Ban

Kia Europe’s boss hits back at Mercedes-Benz’s CEO, who yesterday signed a letter asking the EU to modify the emissions targets.

InsideEVs

Mercedes Boss Urges Europe to Drop the Gas Engine Ban

It’s only been a few weeks since the Mercedes CEO was brutally honest about his prediction for where Europe’s car industry is headed. Speaking with German business newspaper Handelsblatt, Ola Källenius said the EU needs a “reality check” to avoid “heading at full speed against a wall” and even "collapse."…

Motor1

Liz Truss warns there is ‘a reckoning coming’ for central banks, and backs Trump in Fed battle; US growth revised higher amid AI boom – as it happened

Rolling coverage of the latest economic and financial news, as former PM criticises Bank of England and claims UK faces ‘economic doom loop’

The Guardian - UK

‘No Longer Feasible’: European Carmakers Call On The EU To Tweak CO2 Targets

“We are being asked to transform with our hands tied behind our backs,” the carmakers' and suppliers' representative said in a joint statement.

InsideEVs

Mercedes CEO Warns Europe's Car Industry Could Collapse: 'We Need a Reality Check'

Only a few years ago, Mercedes-Benz was confident about going all-in on electric vehicles in Europe. In 2021, it projected that by the end of the decade, it would stop selling cars with combustion engines "where market conditions allow." Not only has the luxury brand dropped this ambitious goal, but…

Motor1

Europe's Carmakers Still Nervous Despite EU-US Trade Deal

Europe's auto industry is relieved that the EU-US trade deal reduces short-term uncertainty but many, particularly in the struggling German sector, remain deeply worried about the long-term impact.

International Business Times

Stellantis Shares Drop Nearly 7% After June Car Sales Decline In Europe

Stellantis N.V. (NYSE:STLA) shares are trading lower on Thursday following data released by the European Automobile Manufacturers Association (ACEA) showing a steep decline in new car sales across Europe in June.

Benzinga

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Motor1

Alfa Romeo Is Struggling in The US, But Thriving in Europe

When Stellantis published U.S. sales results for its Alfa Romeo brand for the first half of the year, the numbers didn’t look good. Through June, the Italian marque was down 34 percent, with all three models posting double-digit declines: Giulia (-32 percent), Stelvio (-40 percent), and Tonale (-28 percent). Combined,…

Barchart

Tesla’s European Sales Plunged for a Fifth Straight Month. Should You Sell TSLA Stock Here?

Tesla shares sink as ACEA data confirms fifth consecutive month of sales decline in Europe. Morgan Stanley still recommends owning TSLA stock for robotaxi exposure.

Euronews

New car registrations fall in Europe and Tesla sees another drop

Tesla sales are still declining in the EU, while Chinese state-owned manufacturer SAIC Motor is increasing its market share.

Fortune

Tesla’s market share in Europe falls in May despite booming EV demand, but pace of descent slows

Market demand for Tesla EVs in Europe could be building a bottom after the brand suffered only a 28% drop last month.

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Motor1

Tesla Free Falls in Europe as Sales Drop for Fifth Straight Month

Tesla is experiencing a free fall in Europe, with no signs of improvement in the foreseeable future. Sales figures published today by the European Automobile Manufacturers' Association (ACEA) show demand dropped yet again in May, marking the fifth consecutive month of declining sales. A look at the numbers highlights just…

Benzinga

Tesla's Europe Sales Slide For 5th Straight Month: Elon Musk-led EV Giant's Market Share Shrinks To 1.3%

Tesla Inc. (NASDAQ:TSLA) has experienced a fifth straight month of declining sales in Europe as EVs continue to gain footing in the region.

Motor1

Kia Is Worried That Selling Too Many Gas Cars or EVs Could Hurt the Business

Selling cars in Europe today requires a delicate balancing act. On one hand, combustion-engine vehicles remain the preferred choice among buyers. In the European Union, electric cars held only a 15.3% market share in the first four months of the year, according to data from the European Automobile Manufacturers' Association…

International Business Times UK

Tesla Loses Half Its Buyers in Europe as Sales Slide from 11,540 to 5,475 in a Year

Tesla's presence in the European electric vehicle market is facing a severe challenge. The company's sales in the region have plummeted dramatically over the past year.

Barchart

Tesla Sales Just Plunged 49% in Europe. How Should You Play TSLA Stock Here?

Tesla stock climbs despite reports of a 49% decline in monthly sales in Europe. UBS warns of potential downside in TSLA shares to $190.

Fortune

Elon Musk can't blame Tesla's Europe crisis on a weak car market

Comprehensive new data for all 31 countries across the continent shows EV volumes rose 28% while Tesla's sales collapsed 49% last month.

The National (Scotland)

Elon Musk's Tesla’s monthly sales in Europe plunge by half

TESLA sales across Europe plunged by half last month even as growth in the electric car market picked up pace, according to newly released data

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