Tesla faces a staggering 49% drop in European sales as competition rises and political controversies swirl around CEO Elon Musk. What does this mean for the future of electric vehicles in Europe?
In a significant move amidst a turbulent automotive market, Volvo Cars announces it will lay off around 3,000 employees, impacting 15% of its office workforce. The decision comes as the company grapples with declining sales and rising material costs, prompting an urgent restructuring plan.
In response to the new 25% tariff on car imports, Jaguar Land Rover has paused all shipments to the US, raising concerns over the future of the UK's automotive industry. Could this be the start of a trade war?
Car shoppers are flocking to showrooms as automakers ramp up vehicle shipments. Hyundai's sales executive urges retailers to seize the moment for record-breaking sales!
Tesla has experienced a significant drop in sales, selling 398 fewer vehicles in 2024 compared to last year. This trend reflects a broader decline in the automotive market across Europe.
