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The Latest Breaking News from ACEA

Tesla’s EU sales slump continues as Chinese rivals thrive

Elon Musk’s brand sold 12,130 new cars across the EU last month, down from 18,430 in November 2024

The Guardian - UK

EV Sales In Europe Are On Track For A Fantastic Year. Here Are The Winners And Losers

EV and PHEV sales increased by over 30% in November. Tesla rebounded, but not enough for an overall win.

InsideEVs

The EU's Decision to Cancel 2035 Combustion Engine Ban Leaves Automakers at Odds

In March 2021, Volvo said it would go fully electric by the end of the decade. However, the lofty EV goal was dropped in September 2024, when the Geely-owned company said plug-in hybrids would stick around for a little while beyond 2030. Despite getting cold feet, the automaker headquartered in…

Motor1

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Chances of EU trucking industry hitting zero emissions targets are dire, says industry body

Only 10,000 out of economic bloc’s 6m trucks are electric and are more likely to be operating on short routes

The Guardian - UK

Stellantis Can't Decide Which of Its 14 Brands To Keep

Stellantis calls its vast portfolio a “constellation of 14 iconic automotive brands,” but managing all of them isn’t easy. In Europe, that constellation includes Alfa Romeo, Fiat, Maserati, Abarth, Lancia, Citroën, Peugeot, DS Automobiles, Opel, and Vauxhall. On the American side, there’s Jeep, Dodge, Chrysler, and Ram. Some are severely…

Motor1

Ford Will Sell Cars Developed and Built by Renault

Ford is a shadow of its former self in Europe, where it has spectacularly fallen behind the competition. A look at the sales data published by the European Automobile Manufacturers' Association shows the Blue Oval delivered 1.2 million cars on the continent in 2005, holding an 8.3 percent market share. Fast-forward…

Motor1

Automotive officials warn of 'devastating' chip storage as Nexperia halts China-bound wafer shipments — companies working 'around the clock' to find alternatives

A growing dispute inside one of Europe’s largest chipmakers is threatening to derail automotive production across the continent.

Tom’s Hardware

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European carmakers warn of supply shocks as Nexperia halts chip exports to China

Europe’s car industry is bracing for new supply shocks after Dutch chipmaker Nexperia halted wafer shipments from China amid management disputes, weeks after The Hague seized control of the company over security concerns.

Euronews

EU carmakers ‘days away’ from halting work as chip war with China escalates

Industry body says reserves of Nexperia semiconductors are dwindling after Beijing bans exports of key components

The Guardian - UK

EU industry struggles with new US rules on imports of steel and aluminium

The US, which slapped 50% tariffs on EU steel and aluminium in June, requires importers to provide proof of origin for these materials when they are part of a finished product: a headache for European industry.

Euronews

Which European country offers the most government subsidies to buy EVs?

While all EU member states offer some form of tax benefit to boost EV sales, there is a significant difference between their direct purchase incentive schemes, with some of the most generous ones coming from Southern European countries.

Euronews

Euronews exclusive: Mercedes CEO answers top three questions about car industry's future

Europe's auto industry faces a crisis due to stuttering sales, high energy prices, and global competition. Mercedes-Benz CEO and ACEA President Ola Källenius shares his thoughts on the industry's future and other key issues in a Euronews exclusive.

Euronews

The European Green Deal and the car industry - a fight to the death?

Carmakers have been at odds with the EU’s pledge to reach carbon neutrality by 2050 since the European Green Deal was unveiled by the European Commission almost six years ago, arguing that climate ambitions would destroy the sector’s competitiveness.

Euronews

MEPs vote for report pushing auto sector to recycle of end-of-use parts

New law incentivises more sustainable design, recycling, and reuse of car parts while reducing waste and raw material dependency.

Euronews

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Euronews

Crash or rescue: European carmakers look to EU for salvation

The current crisis affecting the European automotive industry is an acute threat to Europe’s economic future. Will a summit between the auto sector and Ursula von der Leyen on Friday provide a life-line?

The Guardian - UK

Tesla sales in Europe slump 40% as BYD new car registrations more than triple

Electric car business run by Elon Musk continues to lose ground to Chinese rival despite recent revamp of Model Y

InsideEVs

Kia Is Perfectly Fine With The EU’s 2035 Combustion Engine Ban

Kia Europe’s boss hits back at Mercedes-Benz’s CEO, who yesterday signed a letter asking the EU to modify the emissions targets.

Motor1

Mercedes Boss Urges Europe to Drop the Gas Engine Ban

It’s only been a few weeks since the Mercedes CEO was brutally honest about his prediction for where Europe’s car industry is headed. Speaking with German business newspaper Handelsblatt, Ola Källenius said the EU needs a “reality check” to avoid “heading at full speed against a wall” and even "collapse."…

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The Guardian - UK

Liz Truss warns there is ‘a reckoning coming’ for central banks, and backs Trump in Fed battle; US growth revised higher amid AI boom – as it happened

Rolling coverage of the latest economic and financial news, as former PM criticises Bank of England and claims UK faces ‘economic doom loop’

InsideEVs

‘No Longer Feasible’: European Carmakers Call On The EU To Tweak CO2 Targets

“We are being asked to transform with our hands tied behind our backs,” the carmakers' and suppliers' representative said in a joint statement.

Motor1

Mercedes CEO Warns Europe's Car Industry Could Collapse: 'We Need a Reality Check'

Only a few years ago, Mercedes-Benz was confident about going all-in on electric vehicles in Europe. In 2021, it projected that by the end of the decade, it would stop selling cars with combustion engines "where market conditions allow." Not only has the luxury brand dropped this ambitious goal, but…

International Business Times

Europe's Carmakers Still Nervous Despite EU-US Trade Deal

Europe's auto industry is relieved that the EU-US trade deal reduces short-term uncertainty but many, particularly in the struggling German sector, remain deeply worried about the long-term impact.

Benzinga

Stellantis Shares Drop Nearly 7% After June Car Sales Decline In Europe

Stellantis N.V. (NYSE:STLA) shares are trading lower on Thursday following data released by the European Automobile Manufacturers Association (ACEA) showing a steep decline in new car sales across Europe in June.

Motor1

Alfa Romeo Is Struggling in The US, But Thriving in Europe

When Stellantis published U.S. sales results for its Alfa Romeo brand for the first half of the year, the numbers didn’t look good. Through June, the Italian marque was down 34 percent, with all three models posting double-digit declines: Giulia (-32 percent), Stelvio (-40 percent), and Tonale (-28 percent). Combined,…

Barchart

Tesla’s European Sales Plunged for a Fifth Straight Month. Should You Sell TSLA Stock Here?

Tesla shares sink as ACEA data confirms fifth consecutive month of sales decline in Europe. Morgan Stanley still recommends owning TSLA stock for robotaxi exposure.

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