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EU-China staring match on EV duties will continue — even after they take effect

Automotive Industry POLITICO - 2024-10-29

China has been unwilling to acknowledge that it heavily subsidizes its industry. …

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Mercedes, BMW, Porsche battle Chinese rivals at home

Automotive Industry Automotive News Europe - 2024-10-28

Mercedes-Benz was once a standard-bearer of automotive refinement, but wavering sales and profits underscore how even the lucrative upscale end of the car market is feeling the heat from China. …

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China again warns EU against separate talks with EV makers

Automotive Industry Reuters - 2024-10-28

China renewed warnings to the European Union that if the bloc conducts separate negotiations with electric vehicle companies while in talks with China, that would "shake mutual trust" and interfere with the overall negotiations, …

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VW plans to close 3 German plants as auto industry turmoil grows

Automotive Industry Politico - 2024-10-28

The car giant’s move comes as Germany’s GDP is set to shrink for the second year in a row. …

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Tesla rallies most in over a decade on Musk's bold EV forecast

Automotive Industry Reuters - 2024-10-25

Tesla shares closed up nearly 22% on Thursday, 24 October 2024, - their biggest single-day gain in over a decade - as CEO Elon Musk's bold forecast of surging sales reassured investors he was still looking to grow its core business of se …

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Trump excludes Asian, European cars from vehicle tax-break plan

Automotive Industry Automotive News Europe - 2024-10-23

Trump has pledged to provide tax breaks for purchasing US cars as he rallies voters in key states. …

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Stellantis to launch EV fleet with Factorial solid-state batteries

Automotive Industry Automotive News Europe - 2024-10-23

Factorial's batteries will be fitted in a fleet of all-new Dodge Charger Daytona vehicles, which are based on Stellantis' STLA Large platform. …

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Volvo cuts retail sales target on weaker demand

Automotive Industry Automotive News Europe - 2024-10-23

The automaker said it will focus on protecting its margins, instead of pushing volumes.Volvo Cars lowered its expectations for retail sales this year due to a growing weakness in the automotive market. …

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China carmakers to double overseas capacity to beat tariffs, report says

Automotive Industry Automotive News Europe - 2024-10-23

Chinese carmakers are set to boost annual production capacity in foreign plants from 1.2 m vehicles in 2023 to more than 2.7 m by 2026. …

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Chinese EV shipments to Europe soar ahead of tariffs

Automotive Industry Automotive News Europe - 2024-10-22

Automakers from Asia’s biggest economy shipped 60,517 EVs to the 27 nations in the European trade bloc last month, up 61% from 2023, according to customs data. …

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