Musk, Elon
Tesla's sales took a significant hit in the last three months, with a 13% drop in sales reported on Wednesday, amidst ongoing boycotts over Elon Musk's political views. The company's net income fell by 71% in the first quarter of this year, and sales
Electric vehicles
The Xpeng G6, a mid-size electric crossover SUV manufactured by China's Xpeng Motor, has emerged as the best-selling electric car model in Israel in the first half of 2025. According to data released by the Israel Vehicle Importers Association, the G6 sold 3,164 units in the six-month
Electric vehicles
Tesla recorded a significant increase in car registrations in Norway in June, while sales dropped for a sixth straight month in Sweden and Denmark. The EV-maker's challenges persist as competitors gain market share and CEO Elon Musk's popularity declines. The company's revised Model Y
Tariffs
German Chancellor Friedrich Merz is being seen as delusional by EU officials involved in trade talks with the US, who believe that he is underestimating the difficulties of securing a deal that would spare the country's car industry from US tariffs. EU officials have privately told Berlin that
Tariffs
The UK's car production has plummeted to 49,810 units in May, a stark contrast to recent years, due to trade challenges and industrial transition. The introduction of new 25% US tariffs on British car imports has triggered an export collapse, with leading car brands such as Jaguar
Tariffs
The UK's car manufacturing industry slumped to its lowest level since 1949 in May, with production plummeting 32.8pc to 49,810 vehicles, according to the Society of Motor Manufacturers and Traders (SMMT). This decline, which marks the worst output since the coronavirus pandemic in 2020 forced factories
Tariffs
Despite EU-imposed tariffs on Chinese electric vehicles, manufacturers such as BYD, Geely, and Chery have doubled their share of the European car market, according to registration data compiled by JATO Dynamics. The Chinese companies have responded to the tariffs by pivoting to hybrids and gasoline-powered cars, importing less-expensive models, and
Electric vehicles
Chinese carmakers like BYD, Geely, Chery, and SAIC have successfully navigated the European Union's higher tariffs on electric vehicles from China by pivoting to hybrids or gasoline-powered cars, importing lower-cost models, and focusing on markets like Italy and Spain. As a result, Chinese brands have doubled their share
Electric vehicles
Skoda, the Czech-based subsidiary of Volkswagen, has surpassed Tesla in electric vehicle sales in Europe, according to data from market research firm DataForce. In May, Skoda sold 14,920 electric cars, outpacing Tesla's 14,055 vehicles. The success of Skoda's all-electric Elroq SUV range, which sold
Electric vehicles
Tesla's sales in Europe have significantly declined by 40.5% in May compared to the same month last year, with 8,729 units sold in the European Union (EU), according to data released by the European Automobile Manufacturers' Association (ACEA). This drop comes as Chinese automakers have
Electric vehicles
Skoda has overtaken Tesla in European electric vehicle sales as motorists continue to shun Elon Musk's carmaker due to his support for Donald Trump. Skoda's sales surged after the launch of its popular electric Elroq SUV model, which accounted for 9,250 sales in May. Meanwhile,
Tariffs
As the automotive industry grapples with the global microchip shortage, a new crisis is emerging due to China's restriction on exports of rare earth minerals and magnets, which are crucial components in various automotive parts. The curbs on China's rare earth exports are now putting automakers
