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Chinese electric carmakers are expanding in Europe to counteract the impact of tariffs imposed by the European Union (EU) on Chinese electric vehicles. The EU's tariffs, which can reach up to 48%, threaten to make Chinese EVs more expensive for consumers or unprofitable. To avoid these tariffs, Chinese EV manufacturers are partnering with local European companies and setting up production facilities in Europe. This expansion poses a risk to European auto giants, who are already facing declining sales and may have to close some of their own sites. However, Chinese EV makers currently hold less than 10% of the European market share. [Extracted from the article]

Stellantis NV, the auto giant behind brands like Jeep, Fiat, and Peugeot, has suggested that it may consider shedding some of its 14 brands if they fail to remain profitable. CEO Carlos Tavares stated that while all the brands are currently profitable, there are "no taboos" if their performance were to deteriorate. The company reported a significant drop in net income for the first half of the year, following a sales decline in the US and Europe. Stellantis is facing challenges from weakening demand, particularly for electric cars, and increased competition from Chinese manufacturers. The company is taking steps to address these issues, including reviving certain models and cutting prices. [Extracted from the article]

Stellantis NV, a car manufacturer, experienced a significant decline in earnings in the first half of the year due to a drop in sales in the US and Europe. This decline in earnings follows similar disappointing reports from Ford Motor Co. and Tesla Inc. Carmakers are facing weakening demand, particularly for electric cars, and increased competition from Chinese manufacturers in Asia and Europe. Stellantis is focusing on addressing issues in the US market, including high inventory levels and quality problems, by reintroducing certain models and potentially reducing prices. The company's CEO, Carlos Tavares, is under pressure to reverse a decline in market share and has already implemented cost-cutting measures. Stellantis' net income fell 48% in the first half of the year, and the company plans to launch 20 new vehicles to boost momentum. [Extracted from the article]

Renault SA's shares fell nearly 10% after disappointing results were reported by its partner Nissan Motor Co. and French peer Stellantis NV. The decline overshadowed Renault's record returns for the first half of the year. Carmakers are facing challenges due to weakening demand, particularly for electric cars. Despite this, Renault's results were slightly better than expected, with the company reporting its highest-ever profitability. Renault's CEO is focusing on new products, including the battery-powered Renault 5, to boost sales. [Extracted from the article]

Air France-KLM has reduced its full-year capacity outlook due to a larger-than-expected decrease in tourists visiting Paris during the Summer Olympics. The group has implemented a hiring freeze and additional cost cuts in response. The company now expects its capacity to rise by 4% compared to last year, down from the previous estimate of 5%. The shortfall from tourists avoiding Paris during the Olympics is projected to be around €200 million, higher than the previous estimate of €160 million to €180 million. The company attributes this decrease to French residents postponing holidays and international customers staying away. Air France-KLM plans to simplify operations and reduce costs by slashing marketing expenses and lowering costs not directly linked to operations. The company has also initiated a hiring freeze and is scrutinizing headcount at its headquarters. The company's second-quarter operating result has slumped by 30% due to higher fuel costs, lower cargo unit revenue, and higher salary and flight-related expenses. Air France-KLM expects travel to and from Paris to return to normal after the Olympics, and it anticipates renewed interest in the destination. The company's share performance has dropped by 1.2% in Paris trading, extending this year's decline to 42%. [Extracted from the article]

Stellantis NV, a carmaker, saw its shares drop by 10% after reporting a 48% decrease in net income for the first half of the year. The company is considering reintroducing old models and implementing price cuts to address the decline in sales. CEO Carlos Tavares is under pressure to reverse the decline in market share and address various challenges, including executive departures, quality issues, and recalls. Stellantis plans to introduce new products, lower labor costs, and reduce logistics expenses in the second half of the year. French peer Renault SA also experienced a significant decline in shares. [Extracted from the article]

Stellantis NV, the multinational automotive company, experienced a 48% decline in earnings in the first half of the year. As a result, the company plans to reintroduce older models, such as the Dodge Charger, and consider price cuts to attract customers in the US. The disappointing results have put pressure on CEO Carlos Tavares to reverse the decline in market share and address challenges such as executive departures, quality issues, and recalls. Stellantis aims to launch 20 new vehicles this year and implement cost-cutting measures to improve profitability. [Extracted from the article]

Stellantis NV, a car manufacturer, experienced a significant decline in earnings in the first half of the year, with net income falling by 48% to €5.6 billion ($6.1 billion). This was below analysts' expectations. The company is facing challenges in the North American market, where margins declined due to a decrease in shipments and pressure on prices. Stellantis plans to reintroduce some models in the US and make gradual price adjustments. They also aim to reduce labor costs and logistics expenses. Additionally, the company is dealing with an investigation in the US and recalls in Europe. CEO Carlos Tavares is implementing corrective actions and has cut costs extensively. Stellantis is launching 20 new vehicles this year to boost momentum. [Extracted from the article]

Air France-KLM has revised its full-year capacity outlook due to a larger-than-expected decrease in tourists visiting Paris during the Summer Olympics. The group has implemented a hiring freeze and additional cost cuts in response. The company now expects its capacity to rise by 4% compared to last year, down from the previous estimate of 5%. The shortfall from tourists avoiding Paris during the Olympics is projected to be around €200 million, higher than the previous estimate of €160 million to €180 million. The company attributes this decrease to French residents postponing holidays and international customers staying away. Air France-KLM plans to simplify operations and reduce costs by slashing marketing expenses and lowering costs not directly linked to operations. The company has also begun scrutinizing headcount at its headquarters. The company's second-quarter operating result declined by 30% due to higher fuel costs and lower cargo unit revenue. Air France-KLM expects travel to and from Paris to return to normal after the Olympics, and it anticipates renewed interest in the destination. The company also notes that Japan is becoming a popular destination this year due to the weak yen. Air France-KLM has experienced a 42% decline in its stock value this year. [Extracted from the article]

Stellantis NV, a global carmaker, experienced a significant decline in earnings in the first half of the year due to weak sales. Net income fell by 48% to €5.6 billion ($6.1 billion), falling short of analysts' estimates. The company is facing challenges in various countries, including a decline in market share, high inventory levels, and executive departures in the US. Margins in North America, a key region for profits, declined the most due to lower volumes, product mix headwinds, and negative net pricing. Stellantis is also dealing with an investigation in the US regarding a stalled engine problem and recalls in Europe related to Takata airbags. CEO Carlos Tavares has implemented cost-cutting measures and plans to launch 20 new vehicles this year to address the issues. [Extracted from the article]

Renault SA, a French automaker, has reported its highest-ever profitability in the first half of the year. This is attributed to lower raw-material costs and strong demand for SUVs like the Austral and Espace. The operating margin exceeded analysts' projections, coming in at 8.1%. Renault is facing challenges in the European market due to slowing demand for electric vehicles, but CEO Luca de Meo is optimistic about the launch of 10 new products this year, including the battery-powered Renault 5. The company's revenue for the first half was €27 billion ($29.3 billion), and its shares have seen a 29% increase this year. [Extracted from the article]

Michelin is considering closing more plants in Europe due to a decline in tire demand caused by the region's difficult economic situation. The company has already shut down some struggling plants in Germany and Poland. Michelin's CEO cited high energy costs, competition from budget tires from China, and increased salary and logistics costs following the pandemic as factors affecting competitiveness. The company is actively reviewing its industrial footprint and looking for solutions. Michelin is also focusing on high value-added sectors to offset the decline in demand for tires. [Extracted from the article]

Renault SA, a French automaker, achieved its highest-ever profitability in the first half of the year due to lower raw-material prices and strong demand for SUVs. The company's operating margin of 8.1% exceeded analysts' expectations of 7.9%. Despite a challenging market for electric vehicles in Europe, Renault is confident in its full-year guidance for operating profitability and free cash flow. The company is focusing on introducing 10 new products, including the battery-powered Renault 5, to boost sales. Renault's shares have performed well, increasing by 29% this year. [Extracted from the article]

Air France has introduced three private suites within its flagship La Premiere lounge at Charles de Gaulle Airport. These suites, which resemble chic Parisian hotel rooms, offer butler service, double beds, living room areas, and outdoor patios. However, access to these suites comes at an additional cost of €800 ($871) for a three-hour time slot. Air France's CEO, Ben Smith, believes that there is a market for these exclusive products, particularly among CEOs and senior executives who value privacy but are avoiding private jets for environmental or cost reasons. [Extracted from the article]

Dassault Aviation CEO Eric Trappier expressed concern about the political instability in France, stating that it could further complicate the challenges faced by aviation companies dealing with supply-chain constraints. Trappier highlighted the uncertainty surrounding the government, potential rule and tax changes, and the negative impact on foreign investors. The dissolution of the lower house of parliament by President Emmanuel Macron has left France without a clear path to form a new government. Dassault Aviation, along with other aerospace companies, is also grappling with persistent supply-chain glitches and shortages that may extend beyond this year. Despite these challenges, the company is actively working to support its suppliers and expand its supply chain through collaborations with Indian companies. Dassault Aviation has a full order book and plans to hire more employees in the coming months. [Extracted from the article]

Carmakers are facing overcapacity in the production of electric vehicles (EVs) due to softening demand, leading many to reconsider their plans for combustion-engine cars, according to French auto parts supplier OPmobility SE. US, German, and French carmakers are producing EVs at levels 40% to 45% below initial expectations, resulting in the need for continuous adjustments to production capacity. The shift to EVs in Europe has been hindered by high prices and the removal of subsidies, causing companies like Mercedes-Benz to delay EV sales targets and battery makers to review projects. This slowdown is also impacting other industries, with Stellantis NV halting EV production at one of its plants and Volkswagen AG considering shutting down a factory in Belgium. Ford Motor Co. recently announced a $3 billion investment to build its Super Duty F-Series pickup truck in Canada, shifting focus away from previously delayed plans for an electric SUV. OPmobility remains cautious about the outlook for the rest of the year, but confirmed its full-year targets. The shift to electric vehicles was primarily driven by regulatory requirements rather than consumer demand. [Extracted from the article]

French auto parts supplier OPmobility has stated that many carmakers are returning to the development of combustion-engine cars due to slower-than-expected demand for electric vehicles (EVs). Buyers are reportedly deterred by regulatory uncertainty and high prices. The production volumes of EVs by US, German, and French manufacturers are currently 40% to 45% below initial expectations. This shift away from EVs has prompted companies like Mercedes-Benz and Volkswagen to adjust their sales targets and review projects. Additionally, there is renewed interest in hybrids and plug-in hybrids, with some carmakers focusing on their development instead of EVs. [Extracted from the article]

Mercedes-Benz and Stellantis are in talks with the Serbian government to invest in lithium-processing and electric vehicle (EV) battery production, potentially supporting Europe's largest lithium mine. The carmakers, who are already partners in a battery joint venture, are considering developing processing and EV battery output in Serbia. This move would help revive Rio Tinto's Jadar mine, which was previously blocked by Serbia due to mass protests. Serbia aims to create a broader lithium industry to capture value from its natural resources and reduce reliance on imports. The European Union, which heavily relies on lithium imports, is seeking to develop its own EV supply chain. [Extracted from the article]

European car sales increased in June, driven by a surge in demand for electric cars in Italy due to the introduction of government subsidies. However, overall electric vehicle (EV) sales in Europe remained flat, as declines in Germany and France offset the gains in Italy. The market share for battery-powered cars also slightly declined. The high prices of EVs and the removal of subsidies by some governments have hindered the shift towards electric vehicles in Europe. The European Union's auto sales are still below pre-pandemic levels, and consumer sentiment is affected by high borrowing costs and muted growth. The demand for EVs is highly influenced by buying incentives, as seen in the decline in registrations in Germany and Sweden after the removal of subsidies. Conversely, the introduction of subsidies in Italy led to a significant increase in EV registrations. Tesla's sales in the region continued to decline. [Extracted from the article]

Mercedes-Benz and Stellantis are in talks with the Serbian government to invest in lithium-processing and electric vehicle (EV) battery production. This potential investment would support the development of what could become Europe's largest lithium mine. The carmakers, who are already partners in a battery joint venture, are considering developing processing and EV battery output in Serbia. The Serbian government has emphasized the importance of creating a broader lithium industry, rather than just exporting the raw material, in order to reduce the European Union's reliance on imports from Asia. [Extracted from the article]

Stellantis NV, the parent company of Fiat, Peugeot, and Jeep, plans to increase production of transmission systems for hybrid vehicles due to weaker demand for fully electric cars. The company aims to speed up production of its electrified dual-clutch gearboxes by 10%. This shift in focus is driven by increased demand for hybrids, which are seen as more affordable and less dependent on charging infrastructure compared to electric vehicles. Stellantis is expanding its hybrid lineup and has capacity for over 1.2 million electrified dual-clutch transmissions per year. The company is investing in its Mirafiori plant in Italy, which has seen a decline in car production and is currently assembling the electric Fiat 500. The Italian government is concerned about preserving jobs, and Stellantis has pledged to invest €240 million in the overhaul of the Mirafiori site. [Extracted from the article]

Auto supplier Valeo is looking for buyers for two car parts plants and a research and development center in France due to a decline in car production in Europe. The plants no longer have enough business, and the research center would require expensive renovations to continue operating. Valeo is considering all options, including selling to Chinese buyers, but the priority is to protect jobs. The decline in demand for electric vehicles in key markets like Germany and Italy, along with the shift of production and resources to lower-cost countries, has put pressure on auto suppliers. Valeo is open to relocating some research and development jobs to other sites in the Paris region if necessary. [Extracted from the article]

Italian Industry Minister Adolfo Urso has urged Stellantis NV, the carmaker, to make responsible choices regarding jobs for its car plants and local suppliers. This comes as the company unveils a new Serbian-made Panda. Urso expressed concern about preserving jobs after Stellantis' local car production in Italy fell by 36% in the first half of the year. The new Panda model, inspired by the 1980s version, will be available in both electric and hybrid versions, with the electric version priced at less than €25,000 ($27,200). Stellantis is facing competition from low-cost electric cars from China, and it is cheaper to produce cars in Serbia than in Italy. The company is also grappling with waning demand for electric cars in Europe after the removal or reduction of subsidies. CEO Carlos Tavares has made a commitment to Italy with plans for a battery production center, a data center, and a green campus. However, Stellantis has faced criticism for cost-cutting measures that could put jobs at risk. [Extracted from the article]

Italian Industry Minister Adolfo Urso has urged Stellantis NV, the automaker, to prioritize job preservation for its car plants and local suppliers. This comes as the company unveils a new Serbian-made Panda. Urso expressed concern about the decline in local car production in Italy and threatened to redirect electric vehicle subsidies if Stellantis does not increase local production. The automaker is facing challenges due to slowing demand for electric cars and increased competition from low-cost manufacturers in China. Stellantis CEO Carlos Tavares has pledged a new commitment to Italy with plans for a battery production center and a green campus. [Extracted from the article]

The French government has approved the use of a barge on the River Seine in Paris to serve as a vertiport for electrically-powered flying taxis during the Olympic Games. However, Paris City Hall opposes the project, and it is uncertain whether the flying taxis will be allowed to fly during the Olympics. European startup Volocopter GmbH, which failed to win European regulatory certification in time for the Olympics, will still be allowed to conduct demonstration flights. The vertiport will operate until December 31, with limited flight hours and a maximum of 900 flights during the experimentation period. Paris City Hall plans to take legal action against the authorization, citing concerns about noise pollution and environmental impact. [Extracted from the article]

Paris is facing potential travel disruptions at its airports as workers plan to go on strike on July 17, just over a week before the start of the Summer Olympic Games. Five different unions have issued separate strike notices, with one union planning a 24-hour strike starting at 5 am on July 17. The workers are demanding larger bonuses and the hiring of 1,000 new employees. The strike could impact passenger flows into Paris ahead of the Olympics, as the airports of Roissy Charles de Gaulle and Orly are major gateways for visitors and athletes. Aeroports de Paris has not yet commented on the situation. [Extracted from the article]

Stellantis NV, an automobile manufacturer based in Italy, experienced a 36% drop in car production in the first half of the year. This decline was due to a delay in government subsidies for electric vehicles, which further contributed to a slowdown in demand for electric cars. Overall production of cars and light commercial vehicles decreased by 25% compared to the previous year. If this trend continues, Stellantis is projected to produce around 500,000 vehicles in Italy this year, significantly lower than the 751,000 produced in 2023. This setback hampers Prime Minister Giorgia Meloni's goal of increasing auto production in Italy to 1 million vehicles by 2030. The government and Stellantis have been at odds over job cuts and the relocation of production to cheaper sites outside of Italy. Industry Minister Adolfo Urso threatened to redirect electric vehicle subsidies if Stellantis does not increase local production. Stellantis CEO Carlos Tavares has been implementing cost reductions in Italy, France, and the US, which has caused tensions with the government. The company's Chief Financial Officer warned of slowing demand in Europe, which will continue to impact profit margins. [Extracted from the article]

Stellantis NV, an automobile manufacturer, experienced a 36% drop in car production in Italy during the first half of the year. This decline was attributed to a delay in government subsidies for electric vehicles (EVs), which worsened the already slowing demand for EVs. The overall production of cars and light commercial vehicles in Italy decreased by 25% compared to the previous year. This setback hampers Prime Minister Giorgia Meloni's goal of increasing auto production in Italy to 1 million vehicles by 2030. Stellantis CEO Carlos Tavares has been implementing cost reductions and restructuring the company's operations, which has caused tensions with the government. The production decline is most significant at the Melfi and Mirafiori plants, with the latter experiencing a 63% drop in production. The union representing auto workers is calling for a meeting with the government to address the situation. [Extracted from the article]

French state-owned investment firm Bpifrance is considering investing in Sanofi SA's consumer health unit as part of its larger health investment strategy. The firm is in talks with various funds and may collaborate with the winning bidder. Sanofi has been working on separating its consumer health unit, which has attracted interest from private equity funds such as Bain Capital and Cinven. Bpifrance is also exploring an investment in French luxury resort chain Club Med SAS. The sale of Les Laboratoires Servier's generic drugmaker Biogaran is currently on hold due to parliamentary elections in France. [Extracted from the article]

Alpine Formula 1 driver Pierre Gasly is optimistic about the team's ability to overcome their current struggles and expresses interest in racing alongside Ferrari driver Carlos Sainz. Gasly believes Sainz is the most competitive option available. Alpine, owned by Renault SA, recently signed a new contract with Gasly, while his current teammate Esteban Ocon will be leaving the team. Despite Alpine's disappointing performance this season, Gasly remains confident in the team's progress and dismisses speculation about a potential sale. Gasly also mentions the hiring of Flavio Briatore as an executive adviser and expresses his shared ambition with Briatore to see Alpine succeed. Additionally, Gasly expresses a preference for the fastest engine available when discussing a possible engine deal. [Extracted from the article]

Saudi Aramco, the world's largest oil company, will acquire a 10% stake in a joint venture between Renault SA, a French car manufacturer, and Zhejiang Geely Holding Group Co., a Chinese automaker. The deal values the joint venture, called Horse Powertrain Ltd., at €7.4 billion ($7.93 billion), with Renault and Geely each retaining 45% stakes. The joint venture, which was established in May, aims to produce combustion engines and hybrid powertrains and is a significant part of Renault's CEO Luca de Meo's restructuring plans for the company. [Extracted from the article]

Saudi Aramco is set to acquire a 10% stake in a powertrain joint venture with Renault SA and China's Zhejiang Geely Holding Group Co. The deal values Horse Powertrain Ltd. at approximately €7.4 billion ($7.9 billion), with Renault and Geely each retaining around 45% ownership. The three companies had previously announced plans to produce combustion engines and hybrid powertrains through the joint venture, with Saudi Aramco initially indicating its intention to own up to 20% of the company. The transaction is expected to be finalized by the end of the month. [Extracted from the article]

Saudi Aramco is set to acquire a 10% stake in a powertrain joint venture with Renault SA and China's Zhejiang Geely Holding Group Co. The deal values Horse Powertrain Ltd. at approximately €7.4 billion ($7.9 billion), with Renault and Geely each retaining around 45% ownership. The three companies had previously announced plans to produce combustion engines and hybrid powertrains through the joint venture, with Saudi Aramco initially intending to own up to 20% of the company. This move comes after Saudi Aramco recently raised $11.2 billion through a stock sale to support Crown Prince Mohammed Bin Salman's economic development plans. [Extracted from the article]

Saudi Aramco, the world's largest oil company, is set to acquire a 10% stake in a powertrain joint venture with Renault SA and China's Zhejiang Geely Holding Group Co. The deal values Horse Powertrain Ltd. at approximately €7.4 billion ($7.9 billion), with Renault and Geely each retaining around 45% ownership. The joint venture aims to produce combustion engines and hybrid powertrains, with Saudi Aramco initially planning to own up to 20% of the company. The announcement of the agreement is expected by the end of the month. Saudi Aramco's investment is part of its efforts to raise funds for Crown Prince Mohammed Bin Salman's economic development plans. [Extracted from the article]

Italy's antitrust authority has fined DR Automobiles €6 million ($6.4 million) for falsely labeling Chinese-made vehicles as Italian-made. The company had been promoting cars from Chinese manufacturers, including Chery Automobile Co., as Italian-made since December 2021. The cars were marketed under the DR and EVO brands after undergoing "final touches" in Italy. DR Automobiles plans to appeal the ruling and stated that its vehicles are only partially assembled in China, with important changes made in Italy to meet European regulations. The Italian government has been cracking down on foreign-built vehicles that give the impression of being made in Italy. [Extracted from the article]

Italy's antitrust authority has fined local automobile company DR Automobiles €6 million ($6.4 million) for mislabeling vehicles from Chinese manufacturers as Italian-made. The company has been promoting cars from Chery, BAIC Motor Corp., and JAC Motors as Italian-made since December 2021. The cars are marketed under the DR and EVO brands after undergoing final touches in Italy. DR Automobiles plans to appeal the ruling, stating that its vehicles are only partially assembled in China and undergo important changes to meet European regulations. This incident is part of a larger crackdown by the Italian government on mislabeled vehicles. [Extracted from the article]

Air France-KLM is experiencing supply-chain bottlenecks that are causing various issues, such as missing parts in airplanes, cabins, and engines. CEO Ben Smith expressed frustration at the need to either ground the planes or spend more money on overhauling or redoing the parts themselves. One specific problem mentioned is faulty sliding doors in business-class berths, which prevents the airline from selling tickets for these lucrative seats. This is not unique to Air France-KLM, as other airlines like Deutsche Lufthansa AG have also faced similar challenges. The supply-chain constraints are expected to persist for 2-3 years, according to Airbus SE CEO Guillaume Faury. As a result, Air France-KLM has increased the number of backup airplanes available and is repairing appliances instead of replacing them, although this is more costly and less ideal. [Extracted from the article]

Stellantis NV, an auto manufacturer, has reversed its policy of remote work for engineers and asked them to return to the office. The company had previously championed remote work and reduced office space, but now believes that engineering vehicles requires in-person collaboration. The policy change has been criticized by labor unions, who argue that workers are being encouraged to stay away from the office. The decision to bring engineers back to the office is seen as a way to ensure efficient collaboration on Stellantis' ambitious new vehicle rollout plan. [Extracted from the article]

Stellantis NV, a multinational automotive manufacturer, may move production of some models made by China's Leapmotor to Europe if tariffs on electric-vehicle imports are implemented. The potential extra costs due to the tariffs have prompted Stellantis to consider shifting assembly of Leapmotor models to its factories in Europe. The European Union has notified carmakers, including BYD, Geely, and SAIC, about additional levies on EV imports, citing state subsidies that violated trade rules. German officials are working to prevent or soften the tariffs, as escalating trade tensions could have negative consequences. [Extracted from the article]

Stellantis NV, the parent company of Jeep, is facing challenges as it seeks to implement cost-cutting measures. The company's CEO, Carlos Tavares, may struggle to further reduce costs, which is concerning as the auto market is slowing down. Stellantis shares have dropped 15% since a profit warning was issued in April. Despite confirming targets for this year, including a first-half operating return of 10% to 11%, the company's stock has fallen 7% this year. Tavares plans to address these challenges by cutting more jobs and launching new models, including electric vehicles. However, the company is also facing issues with inventory and manufacturing problems in the US. Several top executives have left the company in the past month, and there are concerns about turnover and the company's communication style. Stellantis' ambitious revenue goal for 2030 is also seen as challenging. The company has faced clashes with the Italian government over production plans and naming of vehicles. [Extracted from the article]

The European Union (EU) will impose additional tariffs on electric cars imported from China, with levies reaching up to 48%. The move is a response to an investigation into subsidies and aims to address trade tensions and the rising cost of purchasing electric vehicles (EVs). Chinese EV manufacturers, such as BYD, Geely, and SAIC, will be affected the most, but Western carmakers like Tesla, BMW, and Renault will also face higher costs. The tariffs are expected to reduce imports from China by a quarter, amounting to approximately $4 billion. China has threatened retaliation across various sectors, including agriculture, aviation, and cars with large engines. The EU's decision comes as it balances protecting its car industry and promoting green technologies. German automakers, including Volkswagen and BMW, would be particularly impacted by a trade dispute. Western manufacturers have criticized the tariffs, and the EU's move follows the US's introduction of a 100% duty on Chinese EV imports. The final duty levels will be adopted by November. The outlook for EV sales has dimmed, with BloombergNEF reducing its battery-electric sales projections. China is expected to continue dominating the EV market, prompting higher tariffs from the US and the EU. China has urged the EU to refrain from imposing penalties and has threatened to levy tariffs as high as 25% on imported cars with large engines. The EU argues that its procedure is based on World Trade Organization (WTO) rules. [Extracted from the article]

The European Union (EU) will impose additional tariffs on electric vehicles (EVs) imported from China, ranging from 17.4% to 38.1%, starting next month. This move is a response to an investigation into subsidies for Chinese EV manufacturers. The tariffs will affect companies such as BYD, Geely, and SAIC, as well as Western carmakers like Tesla, BMW, and Renault. China has threatened to retaliate with measures across various industries. The EU's decision comes as it balances protecting its car industry and pursuing its green agenda. German automakers, in particular, would be heavily impacted by a trade dispute with China. The EU has initiated several trade probes against China, particularly in the clean-technology sector. The final duty levels will be determined by November. The outlook for EV sales has also dimmed, with BloombergNEF reducing its sales projections. China remains dominant in the EV market and global supply chains for raw materials and components. China has urged the EU to refrain from imposing penalties and has indicated its readiness to levy tariffs on imported cars with large engines. EU investigators focused on BYD, Geely, and SAIC for their probe into subsidies. Most other exporters will face weighted average tariffs, resulting in lesser duties for companies like Tesla and Renault. [Extracted from the article]

The European Union (EU) will impose additional tariffs on electric vehicles (EVs) imported from China, ranging from 17.4% to 38.1%, starting next month. This move is a response to an investigation into subsidies provided to Chinese EV manufacturers. The tariffs will not only affect Chinese automakers like BYD, Geely, and SAIC, but also Western carmakers such as Tesla, BMW, and Renault. China has threatened to retaliate with measures across various industries, including agriculture, aviation, and cars with large engines. The EU's decision comes as it tries to balance protecting its car industry and promoting its green agenda. [Extracted from the article]

The European Commission is expected to announce provisional tariff levels for Chinese electric-vehicle (EV) manufacturers, with additional levies of around 25%. While the numbers are not yet finalized, some member states anticipate tariffs of 25% or higher. This investigation is part of the EU's broader effort to protect supply lines and bring production closer to home, particularly in key sectors like semiconductors and pharmaceuticals. The tariffs could impact not only Chinese automakers like BYD and Geely, but also Western carmakers such as Tesla, BMW, and Renault. China has threatened retaliatory measures, and tensions between the EU and China have already strained relations. [Extracted from the article]

Stellantis NV and Mercedes-Benz Group AG have decided to pause the construction of two electric-vehicle battery plants due to a decrease in demand for expensive EVs. Automotive Cells Company SE, which had plans to build three battery factories in Europe, has halted construction in Germany and paused prep work in Italy. The companies are considering manufacturing cheaper lithium iron phosphate cells instead. This decision reflects a trend among automakers and suppliers to adjust their EV and battery plans in response to a slowdown in sales growth. [Extracted from the article]

Stellantis NV, a car manufacturer, is considering dropping some of its suppliers and producing car parts in-house to reduce costs in the transition to electric vehicles (EVs). The company believes that insourcing certain components can be more efficient when suppliers are not keeping up with their teams. This move comes as carmakers are seeking cost reductions due to slowing EV demand in Europe and increased competition from Chinese brands. Stellantis currently works with suppliers such as Valeo SA, Continental, Magna International, Forvia, and Aptiv. The company is also adjusting its investment in EV batteries to match vehicle demand and is exploring the possibility of producing its own electricity at its Melfi plant in Italy. [Extracted from the article]

Air France-KLM Group CEO Ben Smith stated that the company is unlikely to reconsider acquiring Italian carrier ITA Airways, even if it becomes available due to a failed takeover bid by Deutsche Lufthansa AG. Smith cited the challenging nature of the Italian market, with significant foreign competition in Milan and Rome. Air France-KLM has previously owned stakes in ITA Airways' predecessor but decided not to pursue a potential bid. Smith expressed interest in airline consolidation to enhance competitiveness against American and Gulf airlines, and the company remains interested in investing in Portuguese airline TAP SA. [Extracted from the article]

The Geneva International Motor Show, which has been a significant event in the car industry for over a century, will be canceled due to low participation from auto brands and visitors. Only five auto brands were present at the last edition, and major carmakers like Stellantis NV, Ferrari NV, and BMW AG did not attend. The number of visitors also fell short of expectations. The lack of interest from manufacturers, competition from other shows, and the high costs of maintaining the event were cited as reasons for its discontinuation. A sister fair in Doha, Qatar, is confirmed for November 2025. [Extracted from the article]