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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.
11h
on MSN
European Automakers May Feel The Heat Amid Dockworkers Strike
We also discuss Kia's plans to enter Japan and how Xpeng will fight the EU tariffs.
cnbctv18
14h
European Union requests info from YouTube, Snapchat, TikTok on content algorithms
The tech firms must provide the requested information by November 15, the EU said, after which the commission will decide on ...
7d
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 ...
3d
European foreign ministers weigh in on immigration policy, crisis
Foreign ministers attending the United Nations High-Level week spoke with Fox News Digital about the immigration crisis ...
9d
on MSN
9 European Union Nations Pledge to Turn the Mediterranean Into a Green Energy Hub
9
European
Union
Nations Pledge to Turn the Mediterranean Into a Green Energy Hub LARNACA, Cyprus (AP) — Officials from ...
1d
on MSN
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 ...
Telefonica
8d
Institutions of the European Union
The European Parliament is the EU body with legislative, oversight and budgetary responsibilities. It has elected its members ...
13d
on MSN
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 ...
14h
on MSN
Kraken to end Monero support in European Economic Area
Crypto exchange Kraken will end its support for privacy token Monero in the European Economic Area (EEA). Kraken announced ...
Telefonica
9d
European Union: origin and history
The history of the European Union dates back, according to its own website, to the end of World War II in 1945, a time when ...
2d
on MSN
European leaders weigh in on 'legitimate' issue of illegal immigration: 'Must be stopped'
The European Union allows for free movement between member states, making any immigration policy on national borders ...
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