Tag #European Auto Industry

Showing 13 to 22 of 22 results

lexpress.fr
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EU Unveils Plan to Rescue Automotive Industry

Facing a crisis, the European Commission proposed a plan to aid the automotive sector's green transition, including minimum electric vehicle quotas for company fleets, support for innovation, and mandatory European components in vehicles sold in the EU, aiming to boost competitiveness against subsid...

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40% Bias Score

Industry, Innovation, and Infrastructure
fr.euronews.com
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European Auto Industry Faces Crisis Amidst Rising Costs and Global Competition

High energy costs, Eastern competition, electric vehicle transition costs, and potential US tariffs threaten the European auto industry, which employs 13 million people and contributes 7% to the EU's GDP; the European Commission is seeking solutions.

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36% Bias Score

Decent Work and Economic Growth
forbes.com
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European Automakers Face €15 Billion Fine, Production Cuts Amidst 2025 Crisis

European automakers face a €15 billion penalty for failing to meet 2025 EU CO2 emission targets, coupled with Chinese competition, tariff threats, and overcapacity issues, leading to factory closures and reduced sales, although some analysts predict a mid-year sales rebound.

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48% Bias Score

Climate Action
cnbc.com
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European Automakers Face Crisis Amidst Electrification Lag and Chinese Competition

The European automobile industry is facing a crisis due to lagging electrification, fierce competition from China, and stringent new EU carbon emission regulations, resulting in plummeting stock prices and calls for regulatory relief.

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44% Bias Score

Climate Action
theglobeandmail.com
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Mirafiori Factory Faces Closure Amidst Stellantis Crisis

The Mirafiori factory, once Europe's leading carmaker, faces closure as Stellantis grapples with declining sales, particularly of its electric vehicles. This reflects broader challenges in the European auto industry, marked by falling EV sales and factory closures.

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40% Bias Score

Decent Work and Economic Growth
gr.euronews.com
🌐 85% Global Worthiness
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EU Auto Industry Crisis: High Energy Costs, Competition, and the Electric Vehicle Transition

High energy costs, cheap Eastern competition, and the transition to electric vehicles are crippling Europe's auto industry, employing 13 million and generating 7% of EU GDP; the EU is seeking solutions, but faces a 2035 combustion engine ban and potential tariffs on Chinese electric vehicles.

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40% Bias Score

Decent Work and Economic Growth
taz.de
🌐 85% Global Worthiness
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Audi Brussels Plant Closure: €300 Million Severance Deal Reached

Audi's Brussels plant, which produced the Q8 e-tron, closed after failed negotiations and worker protests, resulting in a €300 million severance package for approximately 3,000 employees; the EU's delayed response highlights broader issues within the European automotive industry.

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40% Bias Score

Decent Work and Economic Growth
gr.euronews.com
🌐 85% Global Worthiness
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Porsche-Piëch Backs Volkswagen Plant Closures Amidst Chinese Competition

Facing lagging European sales due to Chinese competition and high labor costs, Volkswagen's majority shareholder, the Porsche-Piëch family, supports plant closures despite the potential for a 40% reduction in its stake and the risk of significant financial repercussions.

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60% Bias Score

Decent Work and Economic Growth
elmundo.es
🌐 85% Global Worthiness
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European Car Affordability Crisis Due to Strict Regulations

Luca de Meo, ACEA president, warns of a European car affordability crisis due to regulations increasing prices by 40% and forcing \$15 billion in fines on carmakers by 2025, impacting innovation and competition with China.

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52% Bias Score

Reduced Inequality
cincodias.elpais.com
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Stellantis CEO Ousted Amidst Industry Crisis

Stellantis abruptly dismissed CEO Carlos Tavares, causing a 6.3% stock drop amidst poor financial results and intense competition from Chinese and American automakers; the succession process, expected to last months, raises concerns about the company's future.

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44% Bias Score

Showing 13 to 22 of 22 results