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The Latest Breaking News from ACEA

Tesla sales in Europe slump 40% as BYD new car registrations more than triple

Electric car business run by Elon Musk continues to lose ground to Chinese rival despite recent revamp of Model Y

The Guardian - UK

Kia Is Perfectly Fine With The EU’s 2035 Combustion Engine Ban

Kia Europe’s boss hits back at Mercedes-Benz’s CEO, who yesterday signed a letter asking the EU to modify the emissions targets.

InsideEVs

Mercedes Boss Urges Europe to Drop the Gas Engine Ban

It’s only been a few weeks since the Mercedes CEO was brutally honest about his prediction for where Europe’s car industry is headed. Speaking with German business newspaper Handelsblatt, Ola Källenius said the EU needs a “reality check” to avoid “heading at full speed against a wall” and even "collapse."…

Motor1

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Liz Truss warns there is ‘a reckoning coming’ for central banks, and backs Trump in Fed battle; US growth revised higher amid AI boom – as it happened

Rolling coverage of the latest economic and financial news, as former PM criticises Bank of England and claims UK faces ‘economic doom loop’

The Guardian - UK

‘No Longer Feasible’: European Carmakers Call On The EU To Tweak CO2 Targets

“We are being asked to transform with our hands tied behind our backs,” the carmakers' and suppliers' representative said in a joint statement.

InsideEVs

Mercedes CEO Warns Europe's Car Industry Could Collapse: 'We Need a Reality Check'

Only a few years ago, Mercedes-Benz was confident about going all-in on electric vehicles in Europe. In 2021, it projected that by the end of the decade, it would stop selling cars with combustion engines "where market conditions allow." Not only has the luxury brand dropped this ambitious goal, but…

Motor1

Europe's Carmakers Still Nervous Despite EU-US Trade Deal

Europe's auto industry is relieved that the EU-US trade deal reduces short-term uncertainty but many, particularly in the struggling German sector, remain deeply worried about the long-term impact.

International Business Times

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Stellantis Shares Drop Nearly 7% After June Car Sales Decline In Europe

Stellantis N.V. (NYSE:STLA) shares are trading lower on Thursday following data released by the European Automobile Manufacturers Association (ACEA) showing a steep decline in new car sales across Europe in June.

Benzinga

Alfa Romeo Is Struggling in The US, But Thriving in Europe

When Stellantis published U.S. sales results for its Alfa Romeo brand for the first half of the year, the numbers didn’t look good. Through June, the Italian marque was down 34 percent, with all three models posting double-digit declines: Giulia (-32 percent), Stelvio (-40 percent), and Tonale (-28 percent). Combined,…

Motor1

Tesla’s European Sales Plunged for a Fifth Straight Month. Should You Sell TSLA Stock Here?

Tesla shares sink as ACEA data confirms fifth consecutive month of sales decline in Europe. Morgan Stanley still recommends owning TSLA stock for robotaxi exposure.

Barchart

New car registrations fall in Europe and Tesla sees another drop

Tesla sales are still declining in the EU, while Chinese state-owned manufacturer SAIC Motor is increasing its market share.

Euronews

Tesla’s market share in Europe falls in May despite booming EV demand, but pace of descent slows

Market demand for Tesla EVs in Europe could be building a bottom after the brand suffered only a 28% drop last month.

Fortune

Tesla Free Falls in Europe as Sales Drop for Fifth Straight Month

Tesla is experiencing a free fall in Europe, with no signs of improvement in the foreseeable future. Sales figures published today by the European Automobile Manufacturers' Association (ACEA) show demand dropped yet again in May, marking the fifth consecutive month of declining sales. A look at the numbers highlights just…

Motor1

Kia Is Worried That Selling Too Many Gas Cars or EVs Could Hurt the Business

Selling cars in Europe today requires a delicate balancing act. On one hand, combustion-engine vehicles remain the preferred choice among buyers. In the European Union, electric cars held only a 15.3% market share in the first four months of the year, according to data from the European Automobile Manufacturers' Association…

Motor1

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International Business Times UK

Tesla Loses Half Its Buyers in Europe as Sales Slide from 11,540 to 5,475 in a Year

Tesla's presence in the European electric vehicle market is facing a severe challenge. The company's sales in the region have plummeted dramatically over the past year.

Barchart

Tesla Sales Just Plunged 49% in Europe. How Should You Play TSLA Stock Here?

Tesla stock climbs despite reports of a 49% decline in monthly sales in Europe. UBS warns of potential downside in TSLA shares to $190.

Fortune

Elon Musk can't blame Tesla's Europe crisis on a weak car market

Comprehensive new data for all 31 countries across the continent shows EV volumes rose 28% while Tesla's sales collapsed 49% last month.

The National (Scotland)

Elon Musk's Tesla’s monthly sales in Europe plunge by half

TESLA sales across Europe plunged by half last month even as growth in the electric car market picked up pace, according to newly released data

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The Independent UK

Tesla sales plummet in Europe as Elon Musk backlash continues

Sales across Europe plunged by half last month even as growth in the electric car market increased

The Guardian - UK

IMF lifts UK growth forecast for 2025; markets welcome US delay to EU 50% tariffs – as it happened

Rolling coverage of the latest economic and financial news, as IMF releases latest healthcheck on UK economy

International Business Times

Tesla EU Sales Slump 52% In April: Trade Group

Sales of cars made by Elon Musk's Tesla slumped by more than half in April as Chinese electric carmakers saw their share surge, the continent's manufacturing association said Tuesday.

International Business Times

Tesla's EU Sales Plunge As Musk Takes Flak

Tesla electric car sales in Europe plunged in the first three months of the year, industry data showed Thursday, in a fresh blow to its boss Elon Musk who has been criticised for his work in US President Donald Trump's administration.

InsideEVs

The Auto Industry Is Begging Politicians To Get Along

Automakers are tired, boss. The last three months have felt like a year for them as tariff uncertainty, backtracking and political chest-beating contests taking center stage. The automotive industry is over it and, at the minimum, wants predictability.

The Guardian - UK

UK regulator fines 10 carmakers and two trade bodies over green ad collusion

CMA found car firms chose not to compete when advertising what percentage of their vehicles could be recycled

Euronews

EU fines carmakers €458 million for anti-recycling cartel

Ten years after the Dieselgate scandal over cheating in exhaust emissions tests, European carmakers are in the frame again, this time for market skulduggery in the form of a clandestine agreement not to compete on grounds of environmental friendliness on the basis of their support for recycling.

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