Showing 1 - 10 of 186
China floods the world with gasoline cars it can't sell at home
Reuters, Published on 02/12/2025
» WARSAW — China's electric vehicle (EV) industry captured half its domestic market in just a few years, crushing sales of gasoline-powered vehicles from once-dominant global automakers.
Europe has 8 car plants too many as Chinese rivals make inroads
Bloomberg News, Published on 13/10/2025
» PARIS - Slack car demand and new competitors like China’s BYD Co. could force Europe’s manufacturers to shed as many as eight factories as the industry moves through a painful reset, according to consultancy AlixPartners.
Carmakers still wary of Northvolt revival
Marie Mannes, Alessandro Parodi, Gilles Guillaume, Published on 26/08/2025
» STOCKHOLM — Silicon Valley start-up Lyten will need to convince carmakers it can succeed where bankrupt Swedish electric vehicle (EV) battery maker Northvolt failed -- creating a European champion to reduce the region's reliance on China.
Europe's carmakers still nervous despite EU-US trade deal
AFP, Published on 29/07/2025
» PARIS - 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.
Stock markets, dollar rise on EU-US trade deal
AFP, Published on 28/07/2025
» LONDON - Stock markets and the dollar advanced on Monday after the European Union and United States struck a deal to avert a damaging trade war.
Tesla EU sales slump 52% in April
AFP, Published on 27/05/2025
» PARIS — Sales of cars made by Elon Musk's Tesla slumped by more than half in April as Chinese electric carmakers saw their share surge, the continent's manufacturing association said Tuesday.
Auto industry rocked by Trump’s 25% tariffs
Reuters and Bloomberg, Published on 27/03/2025
» WASHINGTON - US automakers and their global rivals have been rocked by President Donald Trump’s announcement that he would impose 25% tariffs on all vehicles as well as many foreign-made auto parts imported into the United States.
BYD jumps to record after unveiling 5-minute EV battery
Bloomberg News, Published on 18/03/2025
» HONG KONG — BYD (Build Your Dreams) Co shares jumped to an intra-day record after unveiling a line-up of electric vehicles (EVs) supported by ultra-fast-charging that the Chinese automaker says will allow them to charge almost as fast as it takes to refuel a regular car.
Stock markets extend losses over US tariffs, recession fears
AFP, Published on 12/03/2025
» NEW YORK - Global stock markets extended losses on Tuesday as US President Donald Trump waffled on the size of tariffs he will levy on Canadian steel, aggravating concerns his trade policies could push the United States toward recession.
Trump says Americans may feel 'pain' in trade war
Reuters, Published on 03/02/2025
» WASHINGTON - President Donald Trump said the sweeping tariffs that he has imposed on Mexico, Canada and China may cause "short term" pain for Americans as global stock markets tumbled on concerns the levies will spark an economically damaging trade war.