AUTOMOTIVE INDUSTRY EUROPE

The way things have panned out in the last few sessions, mid-caps are emerging as stocks that have shown strength in a volatile market. As the recovery kicks in, the chances are we will see market breadth staying positive and mid-caps gaining. But w...

Several automotive companies are announcing plant closures and layoffs in Europe. Companies like Valeo, Stellantis, Bosch, Ford, Michelin, Schaeffler, Volkswagen, and Daimler Truck are affected. These actions are due to weak demand, high production ...

Stellantis CEO Carlos Tavares is resigning after nearly four years. The company, which includes brands like Jeep and Citroen, is currently struggling with slumping sales and rising competition. An interim executive committee will lead the company wh...

Hinduja Tech Ltd has completed the acquisition of Germany-based engineering services provider TECOSIM Group, enhancing its global presence and competitiveness. This acquisition strengthens Hinduja Tech's vision of becoming a leader in sustainable mo...

Ford Motor Co. is cutting 4,000 jobs in Europe and the U.K. by the end of 2027 due to economic challenges, increased competition, and lower-than-expected electric vehicle sales. The majority of job losses will occur in Germany, with reduced working ...

Volkswagen faces pressure to reduce labor costs in Germany as they exceed those of rivals like BMW and Mercedes-Benz. While unions demand a 7% pay rise, the company, grappling with high production costs and competition from cheaper Chinese models, p...

Nissan has begun exporting its upgraded compact SUV, the 'Magnite,' to South Africa from its India manufacturing plant. With 2,700 units already shipped, Nissan plans to expand exports of the popular 'Made in India' Magnite to over 65 countries, sol...

The companies also named leaders for their multibillion-dollar joint venture and showcased a prototype EV. The spending may ease concerns about Rivian's cash burn and give the German carmaker access to its US partner's software technology - an area ...

Schaeffler, a German auto parts manufacturer, announced 4,700 layoffs across Europe, primarily in Germany, citing a challenging market environment and the shift to electric vehicles. The company's operating profit fell nearly in half in the third qu...

Volkswagen, after facing setbacks in its electrification strategy, is announcing plant closures and layoffs. The company's struggles stem from declining sales in China, its largest market, where buyers are shifting towards locally produced EVs. VW's...

The market focus, naturally, has been on FII selling this month. In the process, the street seems to have forgotten another reason for the current bearishness: The deadline for implementing the measures market regulator SEBI ordered to curb rising s...

PM Narendra Modi met Spanish PM Pedro Sanchez in Vadodara. They encouraged their defence industries to set up joint projects in India. They agreed to form a Fast Track Mechanism to facilitate mutual investments. They also signed documents on rail tr...

Top IT giants Tata Consultancy Services (TCS), Infosys, and HCLTech reported softness in the automotive sector, particularly in Europe, during Q2. This was attributed to ongoing supply chain challenges and regulatory shifts.

Experts also say Europe is facing a decelerating economy which is unlikely to improve in the near future and, hence, clients are pulling back hard on discretionary spends and looking to delay large projects.

BMW CEO Oliver Zipse warns that the EU's plan to ban combustion-engine cars by 2035 will significantly shrink the automotive industry in Europe. He argues that the continent is not ready to transition entirely to electric vehicles and criticizes the...

India and Italy's strategic partnership is expanding, featuring increased bilateral trade, defence cooperation, and joint ventures in technology and cultural sectors. The countries aim to enhance their collaboration through initiatives like the Indo...

Tata Elxsi reported a 14% increase in net profit at Rs 229 crore for the second quarter. Revenue from operations grew by 8% to Rs 955 crore. Growth was driven by strong performance in emerging markets, particularly in transportation. A $50 million d...

Ultraviolette Automotive has started exporting its F77 Mach 2 electric motorcycles to the European Union. The flag-off ceremony in Bengaluru was attended by Union Minister H D Kumaraswamy and Karnataka Minister M B Patil. This move is seen as a sign...

There are a couple of off-highway and truck OEMs that we are working with now, where we think that they can add to our T25 client list in the near to immediate future.