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European autos stocks wipe off $10 billion after Stellantis warning

European auto stocks fell nearly 4% due to warnings from key companies about earnings declines amid slowing demand and increased competition, with forecasts predicting a 14% drop in 2024.

investing.com • 30/09/2024 - 10:09 AM

EU car sales at 3-year low in August, EV sales plunge 44%

New car sales in the EU dropped 18.3% in August, hitting a three-year low, with significant declines in electric vehicle sales prompting calls for urgent industry relief.

investing.com • 19/09/2024 - 08:38 AM

RENA

Renault CEO says sector could face billions in fines as EV sales slow

The European auto industry may incur 15 billion euros in fines by 2025 due to CO2 emission targets, according to Renault CEO Luca de Meo, urging for flexibility in regulations.

investing.com • 07/09/2024 - 11:16 AM

Analysis-China, price cuts and costs: the fuel driving Volkswagen's crisis

Volkswagen faces intensified competition, profit margin drops, and challenges in Europe, particularly from Asian rivals and high operational costs, signaling significant risks ahead.

investing.com • 06/09/2024 - 15:27 PM

Factbox-Carmakers adjust electrification plans as EV demand slows

Toyota has reduced its 2026 EV production goal as manufacturers adjust plans amid slowing demand for electric vehicles.

investing.com • 06/09/2024 - 12:12 PM

EU new car sales flat in July as battery-electric slumps, industry body ACEA says

EU new car sales rose 0.2% in July; hybrid cars gained market share, while battery-electric vehicle sales fell significantly, especially in Germany.

investing.com • 29/08/2024 - 04:03 AM