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The Latest Breaking News from Matthias Schmidt

China forecast to have sold one in every 10 new cars in UK in 2025

Carmakers such as MG, BYD and Chery are set to pass 200,000 mark in sales, analysis suggests, double 2024’s total

The Guardian - UK

‘Musk is Tesla and Tesla is Musk’ – why investors are happy to pay him $1tn

Making Elon Musk the world’s first trillionaire appears to fit a US investment culture of backing high-flying innovators

The Guardian - UK

Driving competition: China’s carmakers in race to dominate Europe’s roads

Chinese manufacturers are using the electric transition to seize market share, with the UK as their gateway

The Guardian - UK

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'Why Not?' Europeans Warming Up To Chinese Electric Cars

Checking out an electric vehicle made by China's BYD at the Munich auto show, German designer Tayo Osobu was impressed by the interior and said she would consider buying one.

International Business Times

Record number of EVs registered in western Europe across last quarter

Nearly 600,000 BEVs hit the road as carmakers such as Renault and Stellantis attract more price-sensitive buyers

The Guardian - UK

One country where Tesla deliveries have risen as sales drop elsewhere

The EV-maker has continued to face challenges as competitors gain market share and CEO Elon Musk's popularity declines

The Independent UK

BYD launches cheapest UK model in bid to overtake Tesla as biggest electric carmaker

Dolphin Surf will start at £18,650 – among the cheapest new vehicles on sale in Britain

The Guardian - UK

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Tesla investors brace for global sales data amid consumer backlash over Elon Musk

First-quarter deliveries will be significantly down, say analysts, with the CEO and his links with Donald Trump the ‘core toxic issue’

The Guardian - UK

‘Major brand worries’: Just how toxic is Elon Musk for Tesla?

With sales down and electric vehicle rivals catching up, the rightwing politico’s brand is driving into a storm

The Guardian - UK

‘I felt nothing but disgust’: Tesla owners vent their anger at Elon Musk

The tycoon’s links with Donald Trump and Germany’s far-right AfD have slammed the brakes on sales and put the car’s owners in a spin

The Guardian - UK

Model Y refresh can’t come soon enough for Tesla as preliminary January sales in Europe look dire

Tesla sales in a number of major European markets nearly halved in January, partly because of calendar year effects as well as some owners holding off for the new facelifted Model Y.

Fortune

Can flood of cheap new EVs coming to Europe save its carmakers?

Analysts argue 2024 is minor blip and that lobbying for relaxation of rules could harm industry in long term

The Guardian - UK

Stellantis Says Goodbye To 'Performance Psychopath' CEO

Carlos Tavares, a self-proclaimed "performance psychopath" who drove auto giant Stellantis with aggressive cost-cutting and high car prices, reached the end of the road as CEO when his strategy hit a dead end.

International Business Times

Elon Musk faces moment of truth in Europe as buyers turn their backs on Tesla

September is a crucial month that could determine if Tesla can claw back recent losses in Europe or whether rivals like BMW can hold onto their gains.

Fortune

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The Guardian - UK

VW slams production into reverse as industry faces battles on all sides

Plan to cut German factories is politically fraught but makes sense economically given Chinese competition, falling demand and CO2 rules

The Guardian - UK

Tesla among electric carmakers forced to cut prices as market stalls

EV sales have plateaued across the world but the newfound glut of vehicles may just be temporary

The Guardian - UK

Electric and hybrid car sales to rise to new global record in 2024

International Energy Agency says 17m vehicles will be sold this year, up more than 20% compared with 2023

The Independent UK

Tesla's Swedish labor dispute pits anti-union Musk against Scandinavian worker ideals

Tesla has found itself locked in an increasingly bitter dispute with union workers in Sweden and neighboring countries

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The Independent UK

Europe is looking to fight the flood of Chinese electric vehicles. But Europeans love them

Chinese automakers are winning over drivers as they make major inroads into Europe’s electric vehicle market

Fortune

Elon Musk's Shanghai-built Tesla EVs targeted in EU probe into Chinese state subsidies to avoid 'a race to the bottom'

Tesla's Chinese factory is one of the largest car plants in the world — and its most profitable.

The Guardian - UK

China’s share of Europe’s electric car market accelerates as UK leads sales

Chinese-owned MG’s MG4 is Britain’s bestselling EV after Tesla’s Model Y in first seven months of year

Fortune

Look out, Tesla: China’s biggest electric-car maker wants to take on the world

BYD is rapidly expanding outside its home country to challenge established auto giants.

Fortune

Tesla investors took a licking this year thanks to Elon’s disastrous Twitter bid—2023 may deliver the knockout blow

With production now rapidly expanding into a softening global car market, Tesla might be in for a bumpy ride if it faces its first-ever bonafide demand problem.

WEKU

Tesla's first European factory needs more water to expand. Drought stands in its way

The manufacturing plant is in the east German state of Brandenburg, one of the most water-scarce regions of the country. Residents fear an expansion would lead to a water shortage.

Bangkok Post

Volkswagen shifts gear with Oliver Blume taking wheel

FRANKFURT: Volkswagen on Thursday hands over the reins to new CEO Oliver Blume, tasked with steering the German automotive giant through challenging economic conditions after four turbulent years under his predecessor, Herbert Diess.

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