European carmakers warn on profits in the face of weak demand and rising costs
European carmaker Stellantis on Monday joined bigger rival Volkswagen and others in warning about the worsening outlook for auto demand and rising costs, wiping billions of euros off the sector's market value.
European Autos Challenged By EVs, China, Weak Sales, Profit Warnings
Europe's auto makers face challenges as electric cars stall, overall sales weaken, profits fall, plant closures loom, and challenges mount from China’s cheaper EVs.
Stellantis shares plunge as carmaker follows Volkswagen in warning on profits
Shares in Chrysler parent Stellantis plunged almost 14% in Milan Monday after the Italian-American carmaker slashed its forecasts for full-year profitability and cash flow, citing weaker global sales and increased competition from Chinese rivals.
European carmakers warn on profits as sector grapples with weak demand, rising costs
European carmaker Stellantis joined on Monday bigger rival Volkswagen and others in warning about the worsening outlook for auto demand and rising costs, wiping billions of euros off the sector's market value.
Italy's Stellantis becomes latest car giant to issue profits warning
The struggling maker of Jeep and Ram is looking for a new CEO to succeed Carlos Taveres, who is under fire from US dealers and the United Auto Workers union after a dismal first-half financial performance.
European leaders weigh in on 'legitimate' issue of illegal immigration: 'Must be stopped'
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European Parliament inches toward commissioner hearings in November
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European blockchain sandbox onboards 41 regulators in second cohort
The EBSI aims to support use cases involving distributed ledger technologies and provide a framework for regulators and ...
A European leader's top aide suggested his country wouldn't have resisted if Russia had invaded it
Viktor Orbán's political director received backlash after saying Hungary would probably not have resisted a Russian invasion ...
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European Union delegation visits Anti-Corruption Commission
The European Union has pledged assistance to the Anti-Corruption Commission (ACC) in any anti-corruption issue, including money laundering. A three-member delegation led by Michal Krejza, head of ...
The European Union is becoming too obsessed with defence
If it previously tended to under-securitise its major challenges, the EU now risks over-securitising them. Well beyond the ...
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Dutch Justice Min. wants a European Union ban on heavy fireworks
The Cabinet is in favor of a European ban on heavy fireworks, including those from the brand Cobra. Minister of Justice David ...
France Supports European Tariffs on China EVs, Minister Says
France’s new foreign minister said his country supports a European Union plan to impose tariffs on electric vehicles produced ...
European Union moves to compel Apple to open up operating system to rival tech
The European Union says it will outline steps to compel Apple to open up its iPhone and iPad operating systems to competing ...
European Union watchdog puts sickle cell disease drug on ice
European Union suspends Pfizer's Oxbryta for sickle cell disease due to safety concerns, urging doctors to stop use ...