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Europe drives global EV sales growth in August, offsetting China, North America weakness
3+ day, 7+ hour ago (187+ words) Sept 11 (Reuters) – Global demand for electric vehicles rose for a sixth consecutive month in August, with Europe leading the growth, data from UK-based research firm Benchmark Mineral Intelligence showed on Friday. Sales of battery-electric and plug-in hybrid vehicles show growing…...
Analysis-Toyota and Honda may get stuck with the bill for Trump’s Canada tariffs
2+ week, 2+ hour ago (635+ words) By Daniel Leussink and Maki Shiraki TOKYO, Aug 31 (Reuters) – U.S. President Donald Trump is targeting Ottawa with a proposed 50% tariff on Canadian car imports — but Japan’s Toyota and Honda may end up footing the bill. The two Japanese automakers account…...
High oil prices, subsidies and affordable models rev up European EV sales
3+ week, 2+ hour ago (645+ words) LETCHWORTH, England, Aug 24 (Reuters) – Electric vehicle sales accelerated across much of Europe in July, as high oil prices, subsidies and availability of more affordable models encouraged consumers to ditch their combustion-engine cars, data provided to Reuters showed. EV sales have…...
Volkswagen needs deep cuts to remain competitive, CEO says ahead of crunch talks
3+ week, 2+ day ago (421+ words) BERLIN, Aug 21 (Reuters) – Volkswagen CEO Oliver Blume warned on Friday that the car sector’s problems would only intensify in the coming years, arguing deep cost cuts were needed to keep Europe’s top automaker afloat as it gears up for weeks…...