Ferrari Unveils First Fully-Electric Model ‘Luce’ Amid Industry-Wide EV Skepticism

By admin May 25, 2026 No comment

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Ferrari stepped into a new automotive era on Monday with the unveiling of its first fully-electric car, the “Luce,” in Rome, betting it can captivate drivers without its signature combustion engine roar. The four-door model boasts a top speed of 310 kph (193 mph) and carries a hefty price tag of more than €500,000 ($586,000). […]

Audi Warns US Tariffs Could Hit SUV Launch and Profits

By admin May 5, 2026 No comment

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Audi has warned that a potential U.S. tariff increase on European car imports could have a “significant” impact on its business as it prepares to launch its largest SUV in the American market this summer. The proposed 25% tariff, threatened by U.S. President Donald Trump, would particularly affect models like the Audi Q9, which is […]

Electric Car Sales Overtake Petrol Vehicles in EU for First Time

By admin January 27, 2026 No comment

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Sales of fully electric cars in the European Union surpassed petrol vehicle sales for the first time in December, according to data from industry body ACEA. Battery-electric vehicle registrations also exceeded petrol sales across the wider European market, including Britain and Norway, as overall car sales posted a sixth consecutive month of year-on-year growth.

Volkswagen Shares Surge After Strong Automotive Cash Flow Surprise

By admin January 22, 2026 No comment

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Volkswagen shares climbed to the top of Germany’s DAX index on Thursday after the carmaker reported stronger-than-expected automotive cash flow for 2025. Europe’s largest automaker said its automotive division generated net cash flow of about 6 billion euros, well above its own forecast of around zero, boosting investor confidence and driving the stock up 4.6% […]

Wingtech Invites Nexperia Custodians for Talks Amid Ongoing Governance Dispute

By admin December 10, 2025 No comment

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Wingtech Technology, the Chinese parent company of Dutch chipmaker Nexperia, has invited the court-appointed custodians of Nexperia to discuss control of the company—seen as a potential first step toward easing months of internal tensions. The rift between Nexperia’s European management and its Chinese parent deepened after the Dutch government intervened in September,

Nexperia Chip Shipments Resume Amid Easing Trade Tensions

By admin November 7, 2025 No comment

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Semiconductor maker Nexperia has restarted some chip deliveries after weeks of disruption caused by a dispute between the Netherlands and China over technology transfers. German officials welcomed the signs of “de-escalation,” expressing hope that temporary permits would soon restore supply to Europe’s major automotive industry. Germany’s Aumovio has secured exemptions