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Europe

Wide Implications As Germany Teeters Toward Recession

Germany, Europe’s industrial powerhouse and biggest economy, with companies like Volkswagen, Siemens and BASF, may be entering a recession, according to a gloomy report from the country’s central bank Monday — a development that could have repercussions for the rest…

Volkswagen Group Company Acquires Minority Stake In Charging Station Software Company Elli

The partnership has been formed with the intention of expanding the charging network in Europe in anticipation of the growing market. Has·to·be already provides software for some of the Volkswagen Group’s stations. “Simple and convenient charging is essential for the…

Vmoto Shares Hit Skids Despite Doubling Sales To Europe

Shares in Perth-based electric scooter maker Vmoto have plunged despite the company flagging a surge in orders after second-quarter sales to Europe were more than double those of a year ago. The manufacturer and distributor sold 2371 vehicles to Europe…

Tesla Triples European Sales In First Half Of 2019 As Regional Car Market Drops 7.9%

As the overall European car market fell nearly 8% in June over last year, Tesla managed to both buck the trend and triple its sales in the region in the first half of 2019. The Model 3 was also Europe’s…

Magna & BAIC To Cooperate On EV Production

Magna and BAIC have officially signed a framework agreement with the Government of Zhenjiang (Chinese city) for the production of electric vehicles. The joint venture, led by BJEV, BAIC’s electric car subsidiary, is Magna’s first investment in a complete vehicle…

Seat’s Cupra Teases High-Performance EV

Seat’s Cupra performance brand will preview its first full-electric car with a concept to be unveiled at the Frankfurt auto show in September. Cupra’s teaser image of the concept shows a coupe-like SUV with five doors. In a news release…

Tesla To Be More Competitive In Europe With Upcoming Car Tax Policy Update

Tesla’s Model 3 push in Europe could see a notable boost, thanks to a potential policy update that would abolish import duties on American cars entering the region. The potential update was related by German Economy Minister Peter Altmaier to…