Latest in Car industry calls for shift in EU emissions targets amid slowing EV sales
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Porsche AG Sales Fall Amid Slow EV Market, China Woes
Porsche AG posted lower sales and operating profit as it faced challenges in China and a slower-than-expected shift to electric vehicles.Business - The Wall Street Journal - October 25 -
Is China cannibalising the EU car industry?
Troubles at VW point to growing doubts about future of Europe-wide sector as imports of cheap EVs rise. For decades Germany has enjoyed a reputation as Europe’s car capital, with slogans such as ...World - The Guardian - October 20 -
France pushes for ‘flexibility’ on EU car emissions rules
Economy minister says Paris is sounding out European partners to see what can be doneWorld - Financial Times - October 15 -
The Guardian view on Europe’s struggling EV industry: driving in the slow lane | Editorial
Insufficient investment and the withdrawal of subsidies and incentives are damaging a sector that is vital to the green transition. Earlier this year, a French experiment offered a startling ...World - The Guardian - October 13 -
Why GM’s Mary Barra Still Believes in EVs, Despite Slow Sales
Mary Barra, G.M.’s chief executive, said that the company had fixed battery-manufacturing problems and that its electric vehicles would soon be profitable.Business - The New York Times - October 17 -
BMW chief says EU combustion engine ban will shrink car industry
Oliver Zipse tells Paris motor show 2035 cutoff point for CO2-emitting cars is ‘no longer realistic’. Business live – latest updates The EU’s plans to ban the manufacture of traditional ...World - The Guardian - October 15 -
L’Oréal sales disappoint due to weak Chinese demand
Revenue at world’s biggest beauty company grew 3.4 per cent in third quarter, when analysts expected 6 per centBusiness - Financial Times - October 22 -
EU sticks to 2035 deadline for ban on sale of new petrol-driven cars
Remarks prepared for incoming climate commissioner defend controversial measureWorld - Financial Times - October 16 -
Volvo Global Sales Boosted by EVs
The carmaker’s global sales rose 3% in October, with solid performance of its electrified range in Europe, but sales in the U.S. and China declined.Business - The Wall Street Journal - 5 days ago -
EU emissions fall by 8% in steep reduction reminiscent of Covid shutdown
Decline over 2023, helped by switch to renewable power, means greenhouse gas pollution is now 37% below 1990 levels. The EU’s greenhouse gas emissions fell 8% last year, the European Environment ...World - The Guardian - October 31 -
Nvidia replaces Intel on the Dow index in AI-driven shift for semiconductor industry
Nvidia is replacing Intel on the Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor company that has fallen behind as Nvidia cornered the market for chips that run ...Tech - ABC News - November 2 -
Stellantis boss warns long EV transition poses cost ‘trap’ for carmakers
Carlos Tavares says industry will suffer from prolonged period of investing in both traditional engines and battery-powered carsBusiness - Financial Times - October 14 -
Volkswagen's Scout Motors reveals first EVs as it shifts to include plug-in hybrids
Scout, a former American brand from 1961 to 1980, was expected to exclusively offer EVs in a bid for the German automaker to expand its presence in the U.S.Business - CNBC - October 25 -
EU imposes new tariffs on Chinese cars
The European Union on Wednesday imposed tariffs on Chinese-produced electric vehicles (EVs), adding another pressure point to Chinese EVs on top of existing American duties imposed by President ...Politics - The Hill - October 30 -
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Carbon removal industry calls on U.S. government for regulation in new industry report
The nascent industry for removing carbon dioxide directly from the air is calling on the U.S. government to adopt standards and regulations to boost confidence in the businessTech - ABC News - October 23 -
Honda Motor Cuts Forecasts for Car Sales, Profit
The Japanese automaker cut its annual forecasts for car sales and net profit after posting a drop in first-half earnings due partly to weakness in its auto business in China.Business - The Wall Street Journal - 3 days ago -
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Scatterand Survive: Inside a U.S.Military Shift to Deny China 'Big, Juicy' Targets
America is upgrading far-off runways and reviving World War II airfields to counter the threat of China’s enormous missile arsenal.World - The Wall Street Journal - October 20 -
American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss
American Airlines raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off.Business - CNBC - October 24 -
October Jobs Report Shows Hiring Slowed Amid Storms and Strikes
U.S. payrolls grew by only 12,000 in October, a figure that left markets placid but fueled political contention. Unemployment remained 4.1 percent.Business - The New York Times - November 2 -
EU to pursue Temu for alleged sale of illegal products
Consumer groups have raised concerns about toxic goods sold on platformWorld - Financial Times - October 30 -
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A Dutch government watchdog says the Netherlands is unlikely to hit a 2030 target for emissions cuts
The Dutch government’s climate watchdog is warning that the Netherlands is “very unlikely” to achieve a European Union-mandated reduction in greenhouse gas emissions by 2030 unless it takes urgent ...World - ABC News - October 24 -
Napoli target is Europe amid title talk - Conte
Serie A leaders Napoli continued their unbeaten run with a victory at AC Milan on Tuesday with Antonio Conte saying European football is the target.Sports - ESPN - October 30 -
Dozens Of Cool Lego Sets Are On Sale At Target This Week
If you're looking for something fun to do on cold autumn and winter nights that doesn't involve a screen, dozens of Lego sets are on sale at Target right now. Building sets based on Batman, ...Tech - GameSpot - October 21 -
GSK cuts vaccine sales target on reduced demand
U.K. drugmaker GSK on Wednesday cut its vaccine sales guidance for the year after what it called lower-than-expected demand.Business - MarketWatch - October 30 -
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AMC’s third-quarter results on deck amid signs of a cinema-industry rebound
AMC Entertainment Holdings Inc. will report third-quarter results after market close Wednesday amid signs that the cinema industry is bouncing back from the devastation wrought by the COVID-19 ...Business - MarketWatch - 4 days ago -
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China reports better-than-expected retail sales and industrial production data
The data comes after a flurry of recent announcements from authorities as Beijing seeks to boost consumption and support its flagging real estate sector.Business - CNBC - October 18 -
Texas Instruments earnings show some improvements, despite weak industrial sales
Texas Instruments grew overall revenue on a sequential basis, though industrial sales still dropped sequentially.Business - MarketWatch - October 23 -
Volvo Cars says it will not support Northvolt as it slashes sales guidance
Swedish group says it will not invest in its battery group partner amid softening demand for vehicles in key marketsBusiness - Financial Times - October 23
