Electric cars: Audi Brussels factory closes, leaving 3,000 people unemployed
Sad Day for the European Automotive Industry. Today, the Audi Factory in Brussels (Audi Brussels - Forest) is closing its doors for good. The assembly lines dedicated to high-end electric cars, namely the Audi Q8 e-tron and SQ8 e-tron, will cease operations, leaving, as of today, 3,000 people unemployed. Indeed, no…
Stellantis: Carlos Tavares to receive €12 Million severance package
Since the announcement on December 1, 2024, by Stellantis regarding the departure of its CEO Carlos Tavares, one question has remained: the amount of the "check" the former head of Stellantis would receive. It is now official. The Franco-Italian-American multinational automotive group will pay €12,000,000 to Carlos…
Stellantis: the 1.5 l and 2.2 l diesel engines relaunched
While diesel-powered cars and other vehicles are declining in sales, Stellantis plans to revive these engines for a few more years through new investments. According to Les Echos, the 1.5 l BlueHDi and 2.2 l MultiJet engines will continue until 2030, as they will be updated to comply with the Euro 7 Standard that will…
Porsche: 1,900 job cuts in Germany
The economic crisis hitting the European automotive market is forcing Porsche to approve a social plan. 1,900 jobs will be cut in Germany through voluntary departures, such as early retirements, by 2030. The automaker, part of the Volkswagen Group, will also invest 800 million euros in the development of thermal and…
Electric Cars: $5.1 billion loss for Ford in 2024
As expected, following the financial results presented by Ford Motor Company (FMC) for the first nine months of 2024, the losses related to the Ford Model e branch in 2024 are, in the end, colossal. For the fiscal year 2024, FMC reports a loss of $5.1 billion solely for Ford Model e, its department dedicated…
Europe: in 2035, plug-in hybrid cars are expected to be authorized for sale by the EU
2035 is just 10 years away, and you are not without knowing that, starting from January 1, 2035, the sales of new thermal and hybrid cars are expected to be banned in Europe. However, under pressure from automakers who are not selling enough electric cars and who must face an increasingly strict CAFE (Corporate…
Europe: Ursula von der Leyen promises an action plan to help car manufacturers
As of now, the European Commission does not intend to reconsider its regulation that will ban the sale of new combustion and hybrid cars in Europe from January 1, 2035. However, a review clause is scheduled to be examined in 2026. But, faced with the growing difficulties encountered by European car manufacturers, due…
Donald Trump: “you will be able to buy the car you want!”
It didn’t take long, as anticipated and even announced by Donald Trump. On January 20, 2025, the date of his inauguration as the 47th President of the United States, Trump signed a large number of decrees. Among these, electric cars are impacted, as the new American administration will no longer favor them, quite the…
Electric Cars: 5.9% drop in sales in Europe in 2024
The ACEA (European Automobile Manufacturers' Association) has just published the figures for electric car sales in Europe. Concerning the EU, registrations decreased by 5.9% last year compared to 2023. For the French car market alone, the ACEA reported a decrease in electric car sales of 2.6%. After the global figures…
Electric cars: Europe awaits Donald Trump’s decisions
On Monday, January 20, 2024, the return of Donald Trump to the White House will be marked. As the 47th President of the United States, Donald Trump will make numerous economic decisions, some of which will logically be related to the international automotive market. Thus, Brussels and all European car manufacturers…