New car sales in Europe rose year-on-year in November for a fifth consecutive month, helped by an increase in EV registrations in markets including Germany, Italy and Spain, data from the European auto lobby ACEA showed on Tuesday.
German car exports to the United States slumped by almost 14% in the first three quarters of 2025, making it the hardest-hit branch of German industry in U.S. President Donald Trump's trade war, according to a study seen by Reuters on Monday.
Porsche Automobil Holding (POAHY) is rated a 'Buy', reflecting attractive risk/reward despite recent underperformance. Recent results show negative EBIT and ongoing China weakness, but management expects profitability recovery by 2026, supported by cost reductions and strategic volume management. New CEO Michael Leiters signals a more selective EV approach, focusing on legacy powertrains and hi...
Italy's competition authority has formally closed investigations into four major electric vehicle makers after securing commitments to improve how consumer information is presented. The probes targeted BYD, Tesla, Stellantis, and Volkswagen over concerns that buyers may not have been given sufficiently clear details about electric vehicle performance and battery-related conditions.
Volkswagen's Chief Executive Oliver Blume pledged continued cost cutting at Europe's largest carmaker on Thursday, as the company seeks to remain competitive amid industry-wide challenges.
Volkswagen is making progress with its cost-cutting drive, the head of the German carmaker's core brands said in a media interview on Thursday, pointing to headcount reductions and savings at the group's plants in Germany.
Volkswagen's PowerCo is looking more closely at external financing options as its stricken German parent reins in investment, the CEO of the battery business said.
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