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Reuters - 14 hours ago

Italy, Spain back EU duties on China-built EV imports

UPDATE 1-Italy, Spain back EU duties on China-built EV imports Updates with Sweden BRUSSELS, July 15 (Reuters) - Italy and Spain are backing European Union tariffs on imports of China-built electric vehicles, government sources said ahead of a Monday midnight deadline for all 27 EU members to take their stand on the matter. The vote is non-binding, but it could influence the final conclusion of the European Commission, which oversees the bloc's trade policy.
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Reuters - 19 hours ago

Tariffs offer poor airbag for Europe’s carmageddon

BREAKINGVIEWS-Tariffs offer poor airbag for Europe’s carmageddon The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Neil Unmack LONDON, July 15 (Reuters Breakingviews) - The cavalry has arrived, but try telling that to European carmakers. Volkswagen VOWG_p.DE , Renault RENA.PA and others still have miserable valuations despite Brussels threatening China with electric-vehicle penalties.
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Reuters - 20 hours ago

Anglo American Plc, Capricorn Energy, Ericsson

EUROPE RESEARCH ROUNDUP-Anglo American Plc, Capricorn Energy, Ericsson July 15 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Anglo American Plc, Capricorn Energy and Ericsson, on Monday. HIGHLIGHTS * Anglo American Plc AAL.L : Barclays raises target price to 2740p from 2600p * Capricorn Energy CNE.L : Peel Hunt raises to add from hold * Ericsson ERICb.ST : Jefferies raises target price to SEK 82 from SEK 70 * Glencore GLEN.L : Ba
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Reuters - 6 days ago

Tesla hikes Model 3 prices in Europe due to tariffs on China-made EVs

UPDATE 2-Tesla hikes Model 3 prices in Europe due to tariffs on China-made EVs Adds background throughout BERLIN, July 10 (Reuters) - Tesla TSLA.O has raised prices of its Model 3 cars in European countries including Germany, the Netherlands and Spain by about 1,500 euros ($1,622) after the EU imposed tariffs on EVs made in China, the U.S automaker said on Wednesday.
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Reuters - 6 days ago

Toyota joins group of automakers to help build EV charging network

Toyota joins group of automakers to help build EV charging network July 10 (Reuters) - Toyota 7203.T has joined a group of major automakers to back electric vehicle charging firm, IONNA, which is building a high-powered EV charging network across North America, the companies said on Wednesday. The group's statement did not provide a value or additional details on the investment.
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Reuters - 6 days ago

BMW recalling 394,000 US vehicles over potentially deadly air bag issue

UPDATE 3-BMW recalling 394,000 US vehicles over potentially deadly air bag issue Adds BMW statement, more details, prior death in paragraphs 3-6, 8-10 By David Shepardson WASHINGTON, July 10 (Reuters) - German carmaker BMW BMWG.DE said on Wednesday it was recalling 394,000 vehicles in the United States due to faulty airbag inflators that could potentially cause serious or fatal injuries, the U.S.
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Reuters - 6 days ago

BMW to recall about 394,000 US vehicles over faulty driver airbag

BMW to recall about 394,000 US vehicles over faulty driver airbag July 10 (Reuters) - German carmaker BMW BMWG.DE will recall 394,029 vehicles in the United States over faulty driver airbags, the U.S. National Highway Traffic Safety Administration said on Wednesday. Reporting by Disha Mishra in Bengaluru; Editing by Shounak Dasgupta
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Reuters - 6 days ago

BMW leads German premium car brands in first-half sales

UPDATE 1-BMW leads German premium car brands in first-half sales Updates with Mercedes-Benz, Porsche figures BERLIN, July 10 (Reuters) - BMW BMWG.DE on Tuesday reported the strongest sales among Germany's top three premium carmakers and was the only brand to significantly boost battery-electric deliveries, as Mercedes-Benz and Porsche struggled with low demand.
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Reuters - 6 days ago

BMW Of North America Is Recalling 394,029 U.S. Vehicles - NHTSA

BRIEF-BMW Of North America Is Recalling 394,029 U.S. Vehicles - NHTSA July 10 (Reuters) - BMW OF NORTH AMERICA, LLC IS RECALLING 394,029 U.S. VEHICLES - NHTSA BMW OF NORTH AMERICA, LLC IS RECALLING SOME U.S. VEHICLES AS AN INFLATOR EXPLOSION MAY RESULT IN SHARP METAL FRAGMENTS STRIKING THE DRIVER OR OTHER OCCUPANTS, RESULTING IN SERIOUS INJURY OR D
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Reuters - 6 days ago

Slump in electric car demand hits Mercedes sales in Q2

Slump in electric car demand hits Mercedes sales in Q2 BERLIN, July 10 (Reuters) - Mercedes-Benz MBGn.DE saw a 6% decline in sales in the second quarter as demand for battery-electric vehicles slumped, the carmaker said on Wednesday, promising to make up lost ground with improved availability and market launches. The company said it sold 600,100 cars and vans in the second quarter of 2024. Of those, 51,000 were battery-electric vehicles, representing a 23% year-on-year drop.
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Reuters - 6 days ago

BMW reports lower sales in Q2

BMW reports lower sales in Q2 BERLIN, July 10 (Reuters) - German premium carmaker BMW BMWG.DE on Wednesday said its second-quarter sales fell by 1.3% year-on-year to 618,826 vehicles. In its key market China, sales were 4.7% lower at 188,495 vehicles. In BMW's home market Germany, sales dropped by 11.5% to 68,351 cars, while in the United States, they were up 1.7%, rising to 97,135 vehicles.
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Reuters - 6 days ago

EU’s China trade weak spots hide in plain sight

RPT-BREAKINGVIEWS-EU’s China trade weak spots hide in plain sight The authors are Reuters Breakingviews columnists. The opinions expressed are their own. By George Hay and Afiq Fitri Alias LONDON, July 9 (Reuters Breakingviews) - “The supreme art of war is to subdue the enemy without fighting”. Chinese strategist Sun Tzu may have been referring to actual conflicts rather than trade disputes when advancing his famous maxim.
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Reuters - 6 days ago

EU’s China trade weak spots hide in plain sight

RPT-BREAKINGVIEWS-EU’s China trade weak spots hide in plain sight The authors are Reuters Breakingviews columnists. The opinions expressed are their own. By George Hay and Afiq Fitri Alias LONDON, July 9 (Reuters Breakingviews) - “The supreme art of war is to subdue the enemy without fighting”. Chinese strategist Sun Tzu may have been referring to actual conflicts rather than trade disputes when advancing his famous maxim.
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Reuters - 6 days ago

EU’s China trade weak spots hide in plain sight

BREAKINGVIEWS-EU’s China trade weak spots hide in plain sight The authors are Reuters Breakingviews columnists. The opinions expressed are their own. By George Hay and Afiq Fitri Alias LONDON, July 9 (Reuters Breakingviews) - “The supreme art of war is to subdue the enemy without fighting”. Chinese strategist Sun Tzu may have been referring to actual conflicts rather than trade disputes when advancing his famous maxim.
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Reuters - 1 week ago

Alfa Laval, Ferrari NV, Swedbank

EUROPE RESEARCH ROUNDUP-Alfa Laval, Ferrari NV, Swedbank July 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alfa Laval, Ferrari NV and Swedbank, on Tuesday. HIGHLIGHTS * Alfa Laval ALFA.ST : JP Morgan raises target price to SEK 390 from SEK 385 * Ferrari NV RACE.MI : HSBC raises target price to EUR 385 from EUR 368 * Harworth Group Plc HWG.L : Peel Hunt raises target price to 195p from 165p * Moonpig Group MOONM.L : HSBC raises
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Reuters - 1 week ago

UAW Members Ratify Unprecedented Contract At BMW In Lehigh Valley

BRIEF-UAW Members Ratify Unprecedented Contract At BMW In Lehigh Valley July 8 (Reuters) - UAW - UAW MEMBERS RATIFY UNPRECEDENTED CONTRACT AT BMW IN LEHIGH VALLEY UAW: BMW WORKERS AT DISTRIBUTION CENTER IN PALMER TOWNSHIP, PENNSYLVANIA, HAVE VOTED MORE THAN 2-TO-1 TO RATIFY A NEW CONTRACT UAW-BMW WORKERS VOTED TO RATIFY NEW CONTRACT SECURING RAISES
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Reuters - 1 week ago

BMW seeks lower import tariffs for China-made electric Mini, source says

BMW seeks lower import tariffs for China-made electric Mini, source says BERLIN, July 8 (Reuters) - BMW BMWG.DE has asked Brussels to calculate lower tariffs for imports of its China-made electric Mini to Europe, which are currently subject to the highest duties under provisional EU regulation, according to a person familiar with the matter. The move is aimed at getting the model included in the group of companies that cooperated with the investigation.
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Reuters - 2 weeks ago

Carmakers respond to EU tariffs on Chinese-made EVs

FACTBOX-Carmakers respond to EU tariffs on Chinese-made EVs Adds entry on SAIC July 5 (Reuters) - With the European Union's extra duties on Chinese-made electric vehicles (EVs) taking effect on Friday, some carmakers have been considering whether to raise their prices or take other measures in response. So far, only Tesla TSLA.O has announced plans to increase prices , while Chinese brands MG and NIO 9866.HK suggested they might increase the cost of their cars in Europe later this year.
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Reuters - 2 weeks ago

Northvolt flags European batteries’ growing pains

BREAKINGVIEWS-Northvolt flags European batteries’ growing pains The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Karen Kwok LONDON, July 5 (Reuters Breakingviews) - A setback at one of the most valuable startups in Europe is exposing the region’s struggle to build homegrown battery champions. Swedish startup Northvolt, last valued at $12 billion, launched a strategic review after BMW BMWG.DE cancelled a $2 billion contract.
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Reuters - 2 weeks ago

EU probes into Chinese subsidies and imports

FACTBOX-EU probes into Chinese subsidies and imports Updates details on EV tariffs in paragraph 1, 8, 9 July 4 (Reuters) - The European Union will impose tariffs of up to 37.6% from July 5 on imported electric vehicles made in China, ratcheting up trade tension with Beijing, in a latest effort to protect home-grown manufacturers. It has also launched probes into whether Chinese clean tech producers are dumping subsidised goods on EU markets and whether Chinese-owned companies unfairly benefit fr
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