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Stellantis unveils €60bn plan and 60 new models by 2030

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China pushes EU to scrap 'Made in Europe' law or face retaliation

As EU countries debate the European Commission’s proposal, Beijing is urging national governments to abandon the planned law. Otherwise, China says it will take countermeasures.

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Beijing pans EU's plans to supercharge industry

Beijing released a statement on Monday attacking the EU’s strategy to supercharge local industry, arguing that the European preference creates investment barriers and discrimination – and that countermeasures could follow.

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EV sales spike nearly 50% in March amid Iran war energy shortage fears

EV growth in the EU is accelerating as Iran war disruption to the Strait of Hormuz tightens global oil and gas supplies, driving fuel price volatility.

Economy

German business expectations fall to their lowest levels since 2022

German business confidence dropped sharply in April, reaching its lowest point since the 2022 energy crisis.

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Business

Stellantis calls 77,500 vehicles in Spain for overhaul

The problem affects Peugeot, Citroën, Opel, Lancia, Alfa Romeo, Jeep and Fiat vehicles manufactured between 2023 and 2026, according to the automotive group. The problem detected is not related to the engine, but to two components. It is a voluntary recall.

Business

Porsche's €3.9bn writedown cuts automotive profit by 98% in EV retreat

Two one-time charges nearly wiped out Porsche AG's operating profit in 2025, a collapse that highlights the challenges that lie ahead for Europe's long-term EV strategy.

Business

Volkswagen axes 50,000 jobs after profits collapse by nearly half

Volkswagen Group profits slumped by almost half in 2025. Trade conflicts, difficulties in China and the change in strategy at Porsche are putting Europe's largest car manufacturer under pressure.

Europe News

Friedrich Merz heads to China to reset strained trade relations

Germany aims to find “the right balance of cooperation” with China. The visit comes at a critical time for German car makers who face increased Chinese competition.

Business

Sinking star: Mercedes operating profits dropped by more than 50%

Following a year marked by US tariffs and severe competition from China, the German car manufacturer Mercedes recorded a huge drop in operating profits in 2025.

Europe News

'EU preference is risky to healthy supply chains,' EU industries say

As EU leaders put “Made in Europe” on their agenda at Thursday’s informal summit, industries across the bloc are warning that European preference regulations could upend global supply chains – and questioning how such a policy would work in practice.

The Big Question

Citroën only half-satisfied by easing of EU emissions ban, says CEO

Europe’s carmaking industry is at an inflection point as Chinese competitors threaten the profitability of homegrown firms. Citroën CEO Xavier Chardon told Euronews the EU is listening to its carmakers, but more radical action is needed.

Design

Mercedes-Benz CLA claims 2026 European Car of the Year award

Mercedes-Benz CLA has won the 2026 European Car of the Year award at the Brussels Motor Show. The German brand last collected the prestigious title in 1974.

Business

Maria Sole Agnelli, from Fiat’s founding Agnelli family, dies aged 100

She was a major shareholder in the Agnelli family holding company, which controls Exor and has long owned Fiat, and was the aunt of Stellantis president John Elkann.

Earth News

EU rollback of 2035 car emissions ban sparks climate concerns

The EU has softened its 2035 car emissions ban, raising questions about climate targets and the pace of EV adoption.

Europe News

EU-made combustion cars to comply with 90% emissions reduction by 2035

The remaining 10% of emissions will need to be compensated for by using low-carbon steel 'Made in the EU' or sustainable fuels. The EU executive revoked the 2035 ban on the sale of new cars and vans powered by diesel or petrol after pressure from some EU countries and the automotive industry.

Business

Stellantis to pour €11bn into US expansion to avoid tariff losses

The car giant says its biggest-ever US investment will increase output by 50%, add more than 5,000 jobs, and counter some tariff costs by boosting North American profitability.