Industry calls for tax cuts to boost market in open letter to chancellor Rachel Reeves
Profit warnings have come from a sector facing weak sales at home, intense competition in China and slowing EV demand
The lower guidance comes the carmaker looks to close plants in Germany for the first time in its 87-year history
Move from Swedish prosecutors comes as the battery start-up struggles to raise fresh capital
Industry minister Adolfo Urso warns of large-scale job losses among carmakers unless Green Deal rules are relaxed
Allegations arrive as plastics play a growing role in supporting oil demand
Europe’s leading battery maker is downsizing as it struggles to build up production amid slowing shift to electric vehicles
German chemicals group has been buffeted by high energy prices and hamstrung customers
Swedish start-up struggles to secure funds as it tries to increase production at its gigafactory
Shares rally 10% as the world’s largest bearings maker joins other industrial groups seeking to become more focused
Battery start-up struggles to gain backing for latest fundraising amid Europe’s slowing take-up of electric vehicles
Measures to help manufacturers already exist; they just need to be implemented
Swedish battery maker has been grappling with factory problems and slowing growth in European EV take-up
Chief executive Bernhard Osburg, chair Sigmar Gabriel and five directors go in row with group head Lopez
Making a molehill out of a mountain
FT research shows that $84bn of initiatives announced in first year of the IRA and Chips Act have experienced slowdowns
Leading car parts supplier this week announced it was considering spinning off its automotive division
Companies cancel investments and smaller players leave amid slowing EV sales, fierce competition and stricter regulations
German group says it could list car parts division in late 2025 pending ‘detailed review’
Belgian chemicals group scales back on expansion after Tesla and others flag waning demand
Production of models delayed after heavy rain in central Europe disrupts manufacturing chain
Sector’s US strategy under threat from ex-president’s pledge to roll back Biden’s clean energy policies if he wins election
Only European companies with big American businesses should consider move, says newly merged packaging group
Tesla supplier CATL holds talks with sovereign wealth funds, family offices and automakers
Diversifying income away from cyclical equipment sales is challenging
