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The Latest Breaking News from Matthias Schmidt

Stellantis Says Goodbye To 'Performance Psychopath' CEO

Carlos Tavares, a self-proclaimed "performance psychopath" who drove auto giant Stellantis with aggressive cost-cutting and high car prices, reached the end of the road as CEO when his strategy hit a dead end.

International Business Times

Elon Musk faces moment of truth in Europe as buyers turn their backs on Tesla

September is a crucial month that could determine if Tesla can claw back recent losses in Europe or whether rivals like BMW can hold onto their gains.

Fortune

VW slams production into reverse as industry faces battles on all sides

Plan to cut German factories is politically fraught but makes sense economically given Chinese competition, falling demand and CO2 rules

The Guardian - UK

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Tesla among electric carmakers forced to cut prices as market stalls

EV sales have plateaued across the world but the newfound glut of vehicles may just be temporary

The Guardian - UK

Electric and hybrid car sales to rise to new global record in 2024

International Energy Agency says 17m vehicles will be sold this year, up more than 20% compared with 2023

The Guardian - UK

Tesla's Swedish labor dispute pits anti-union Musk against Scandinavian worker ideals

Tesla has found itself locked in an increasingly bitter dispute with union workers in Sweden and neighboring countries

The Independent UK

Europe is looking to fight the flood of Chinese electric vehicles. But Europeans love them

Chinese automakers are winning over drivers as they make major inroads into Europe’s electric vehicle market

The Independent UK

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Elon Musk's Shanghai-built Tesla EVs targeted in EU probe into Chinese state subsidies to avoid 'a race to the bottom'

Tesla's Chinese factory is one of the largest car plants in the world — and its most profitable.

Fortune

China’s share of Europe’s electric car market accelerates as UK leads sales

Chinese-owned MG’s MG4 is Britain’s bestselling EV after Tesla’s Model Y in first seven months of year

The Guardian - UK

Look out, Tesla: China’s biggest electric-car maker wants to take on the world

BYD is rapidly expanding outside its home country to challenge established auto giants.

Fortune

Tesla investors took a licking this year thanks to Elon’s disastrous Twitter bid—2023 may deliver the knockout blow

With production now rapidly expanding into a softening global car market, Tesla might be in for a bumpy ride if it faces its first-ever bonafide demand problem.

Fortune

Tesla's first European factory needs more water to expand. Drought stands in its way

The manufacturing plant is in the east German state of Brandenburg, one of the most water-scarce regions of the country. Residents fear an expansion would lead to a water shortage.

WEKU

Nio, BYD, China EV Makers Make Historic Push Into Europe

Key to their growth plans, China EV makers Nio, BYD and Xpeng are ramping up in Europe. Can they grab share from traditional giants and Tesla?

Investors Business Daily

Volkswagen shifts gear with Oliver Blume taking wheel

FRANKFURT: Volkswagen on Thursday hands over the reins to new CEO Oliver Blume, tasked with steering the German automotive giant through challenging economic conditions after four turbulent years under his predecessor, Herbert Diess.

Bangkok Post

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AFP

Volkswagen shifts gears with Oliver Blume taking wheel

Frankfurt (AFP) - Volkswagen on Thursday hands over the reins to new CEO Oliver Blume, tasked with steering the German automotive giant through challenging economic conditions after four turbulent years under his predecessor, Herbert Diess.

InsideEVs

Tesla Model Y Was Europe's Best-Selling Premium SUV In H1 2022

Tesla Model Y sales in Europe are growing so fast that the EV could surpass the Audi A3 as the continent's best-selling premium model for the entire year.

InsideEVs

Stellantis Overtakes Tesla In Europe EV Sales, Targets Top Spot

Stellantis' results were driven by the Fiat 500e's 32,315 sales and Peugeot e-208's 21,918; Tesla's Model Y (39,969) and Model 3 (38,280) ranked No.1 and No.2.

AFP

VW's new CEO faces twin challenges of Porsche, software problems

Frankfurt (AFP) - When Oliver Blume ascends to the top job at German automaker Volkswagen in September, he will be faced with taming the challenges that led to the fall of his predecessor, Herbert Diess, last week.

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The Guardian - UK

Electric cars sold in UK passes half a million despite supply chain issues

A fifth of the electric cars on British roads were made by Tesla, the US electric car pioneer

InsideEVs

The Gap Between Tesla And Its Rivals Is Widening

Tesla, the little startup automaker that many guessed would be bankrupt years ago, sold almost 1 million cars in 2021. Meanwhile, established brands struggled.

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