-
Ford plans to cut 4,000 jobs in Europe by 2027 due to economic pressures and weak EV sales. Meanwhile, Jaguar halts new vehicle sales in the UK until 2026 as it transitions to an all-electric lineup. These moves reflect broader challenges in the automotive industry amid shifting consumer preferences and regulatory pressures.
-
The UK electric vehicle (EV) market is experiencing significant changes, with a notable 57% increase in used EV sales from July to September 2024. Despite a general decline in new car registrations, the demand for used EVs and hybrids is rising, driven by price reductions and increased availability.
-
Scout Motors has introduced pre-production models of the Terra pickup and Traveler SUV, set for production in 2027. Both vehicles will offer fully electric and extended-range options, targeting affordability in the U.S. EV market. Reservations are now open with starting prices below $60,000.
-
China has filed a lawsuit with the WTO against the EU's newly imposed tariffs on Chinese electric vehicles, which can reach up to 35.3%. The tariffs, seen as protectionist measures, have raised concerns about escalating trade tensions and potential retaliatory actions from China.
-
As the US presidential election approaches, global leaders express concern over the potential implications of a Donald Trump victory. Analysts warn that his return could destabilize international relations, particularly regarding Ukraine and China, while the EU grapples with its own economic strategies amid rising tensions.
-
Toyota, Nissan, and Honda report significant profit declines due to fierce competition in China and a slow transition to electric vehicles. Toyota's profits dropped to $3.7 billion, while Nissan announced job cuts and a 70% reduction in profit outlook. The automakers face challenges from local rivals like BYD, which are rapidly gaining market share.
-
Chancellor Olaf Scholz's coalition government has collapsed, leading to a snap election scheduled for February 23, 2025. The political upheaval follows Scholz's dismissal of Finance Minister Christian Lindner, resulting in a loss of parliamentary majority. The upcoming election will focus on Germany's struggling economy and rising far-right sentiment.
-
Chinese electric vehicle manufacturers are rapidly innovating and undercutting Western competitors on price and technology. Companies like Xpeng and Xiaomi are leading the charge with advanced features and competitive pricing, while traditional automakers like Volkswagen and Rivian struggle to adapt to the changing market landscape as of November 13, 2024.
-
Several automakers have unveiled new electric SUVs, including the Polestar 3 Long Range Single Motor, Kia Sorento PHEV, and Cadillac Vistiq. These models aim to enhance range, efficiency, and performance, catering to the growing demand for electric vehicles as the market diversifies.
-
Following Donald Trump's election victory, fears are mounting over potential tariffs that could disrupt global trade, particularly affecting Europe and American farmers. Analysts warn that renewed trade tensions may exacerbate existing economic challenges in these regions, with significant implications for various industries.
-
Chancellor Olaf Scholz's coalition government has collapsed, prompting early elections in Germany on February 23, 2025. Scholz has called for bipartisan support to stabilize the political landscape, while opposition leader Friedrich Merz leads in polls, advocating for a shift in policy direction amid economic challenges.
-
Germany's Chancellor Olaf Scholz has called for an early election on February 23, 2025, following the collapse of his coalition government. This decision comes amid economic uncertainty exacerbated by Donald Trump's election, raising concerns about trade policies and potential tariffs that could impact Germany's economy.