China’s carmakers have been increasing market share in Europe
Also in this newsletter: European governments ramp up evacuations from Lebanon
Industry calls for tax cuts to boost market in open letter to chancellor Rachel Reeves
The American market is too small to give Washington leverage over Chinese software in EVs
Company retains position as top electric vehicle maker but shares weaken
Profit warnings have come from a sector facing weak sales at home, intense competition in China and slowing EV demand
Rising use of specialised software in EVs raises important questions about privacy and safety for drivers around the world
Forecast cuts are the latest from European carmakers facing Chinese competition and weak home market demand
The lower guidance comes the carmaker looks to close plants in Germany for the first time in its 87-year history
Shifting production to Europe will give the carmaker an edge over Chinese rivals
Industry minister Adolfo Urso warns of large-scale job losses among carmakers unless Green Deal rules are relaxed
Trade restrictions may start a new trend of automakers assembling EVs overseas
Europe’s leading battery maker is downsizing as it struggles to build up production amid slowing shift to electric vehicles
Legacy carmakers have struggled to keep pace as the focus has turned from the engine to computing power
Planned assembly plant in the country would mark carmaker’s first venture into south Asia as it expands globally
Statement comes as talks continue between Beijing’s commerce minister and European trade commissioner
The stakes for the parent group riding on Sharp’s new electric minivan may not make for a comfortable ride
Drop in electric vehicle sales puts manufacturers at risk of ‘multibillion-euro’ fines and production cuts
Swedish start-up struggles to secure funds as it tries to increase production at its gigafactory
Chief Niranjan Gupta says launch into developed markets planned for mid-2025
Prime minister calls ban on new fossil-fuel engines from 2035 ‘self-destructive’
Investors are betting the US election outcome will have a big impact on sector stocks in Asia
Battery start-up struggles to gain backing for latest fundraising amid Europe’s slowing take-up of electric vehicles
Commission dismisses offers to adjust pricing of allegedly subsidised vehicles
Measures to help manufacturers already exist; they just need to be implemented
