automotive industry

European Manufacturers Risk Losing to China by 2030, EU Leader Warns

European manufacturers could struggle to compete with rivals in China by the end of the decade, threatening jobs and industrial production across the continent, a senior European business leader has warned. Jens Eskelund, president of the European Union Chamber of...

Volkswagen Weighs Up to 100,000 Job Cuts Amid Massive Quarterly Loss

Volkswagen reported a €5.9 billion ($6.6 billion) operating loss for the third quarter of 2026, its worst quarterly performance since the 2015 diesel emissions scandal, intensifying pressure on Chief Executive Oliver Blume to implement sweeping restructuring measures that could...

Tesla Sales Fall by 50% in Europe in 2025

Since the beginning of the year, Tesla sales have plummeted in Europe amid the backlash against the company's CEO, Elon Musk. According to figures released on Tuesday, March 25, by the European Automobile Manufacturers' Association (ACEA), the car manufacturers' registrations...

Jaguar’s “Woke” Rebranding Sparks Controversy

One of the best-known car manufacturers in the world, Jaguar, recently launched a new marketing campaign for its brand, causing controversy as some critics labeled it yet another "woke" marketing campaign. The 30-second video which was posted on social media...

Greek-Australian Entrepreneur Invests in Luxury Car Production

A Greek-Australian entrepreneur might be able to revive Australia's automotive industry. By 2017, most major automotive companies that are currently operating in Australia, such as Holden, Ford and Toyota, are expected to leave Australia and move their business to Asia, where production costs...