European carmakers warn on profits in the face of weak demand and rising costs
European carmaker Stellantis on Monday joined bigger rival Volkswagen and others in warning about the worsening outlook for auto demand and rising costs, wiping billions of euros off the sector's market value.
European Autos Challenged By EVs, China, Weak Sales, Profit Warnings
Europe's auto makers face challenges as electric cars stall, overall sales weaken, profits fall, plant closures loom, and challenges mount from China’s cheaper EVs.
Stellantis shares plunge as carmaker follows Volkswagen in warning on profits
Shares in Chrysler parent Stellantis plunged almost 14% in Milan Monday after the Italian-American carmaker slashed its forecasts for full-year profitability and cash flow, citing weaker global sales and increased competition from Chinese rivals.
European carmakers warn on profits as sector grapples with weak demand, rising costs
European carmaker Stellantis joined on Monday bigger rival Volkswagen and others in warning about the worsening outlook for auto demand and rising costs, wiping billions of euros off the sector's market value.
Italy's Stellantis becomes latest car giant to issue profits warning
The struggling maker of Jeep and Ram is looking for a new CEO to succeed Carlos Taveres, who is under fire from US dealers and the United Auto Workers union after a dismal first-half financial performance.
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A European leader's top aide suggested his country wouldn't have resisted if Russia had invaded it
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European foreign ministers weigh in on immigration policy, crisis
Foreign ministers attending the United Nations High-Level week spoke with Fox News Digital about the immigration crisis ...
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Dutch Justice Min. wants a European Union ban on heavy fireworks
The Cabinet is in favor of a European ban on heavy fireworks, including those from the brand Cobra. Minister of Justice David ...
The European Union is becoming too obsessed with defence
If it previously tended to under-securitise its major challenges, the EU now risks over-securitising them. Well beyond the ...
France Supports European Tariffs on China EVs, Minister Says
France’s new foreign minister said his country supports a European Union plan to impose tariffs on electric vehicles produced ...
European Union moves to compel Apple to open up operating system to rival tech
The European Union says it will outline steps to compel Apple to open up its iPhone and iPad operating systems to competing ...
European Union watchdog puts sickle cell disease drug on ice
European Union suspends Pfizer's Oxbryta for sickle cell disease due to safety concerns, urging doctors to stop use ...
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Women Abused In "Made In India" System — Blame Top European Fashion Brands Too
Veera, a 38-year-old single mother, says she sees the person who sexually harassed her every day at a garment factory in ...
9 European Union nations pledge to turn the Mediterranean into a green energy hub
Officials from nine southern European Union member countries are focused on harnessing offshore wind and solar energy ...