Stellantis swung back to a quarterly profit as a resurgent North American business drove revenues higher, but a squeeze on European margins caused by intensifying Chinese competition left earnings short of expectations and sent the shares sharply lower. The owner of Jeep, Peugeot, Fiat and Ram reported net profit of €293 million for the second quarter, a marked recovery from a €1.87 billion loss a year earlier, when one-off charges dominated the accounts. Net revenues climbed

Renault returned to profit in the first half of 2026, powered by a surge in electric vehicle sales, in a set of numbers that offered a rare note of resilience from a European mass-market carmaker under sustained pressure from Chinese rivals. The French group reported first-half revenue of €30.25 billion on Wednesday, up 9.4 per cent year on year, and swung to a net profit of €700 million from a loss of more than €11 billion in the same period of 2025, when a one-off charge ti

Audi lowered its full-year guidance on Monday and confirmed the elimination of a night shift at its Neckarsulm plant, in a stark signal that the pressures reshaping Germany's premium car industry are translating into hard capacity decisions. The Volkswagen-owned marque now expects 2026 revenue of €58 billion to €63 billion, down from a prior floor of at least €63 billion, and cut its operating-margin target by a percentage point to between 5 and 7 per cent. Net cash flow guid

Ford has agreed a Europe-focused manufacturing joint venture with Geely Auto at its Valencia plant, in a deal that hands a Chinese carmaker its first European production base and underscores how far the competitive balance has shifted against legacy Western manufacturers. The venture, announced in Valencia on Thursday, will be 66 per cent owned by Ford and 34 per cent by Geely, subject to regulatory approval, with operations beginning in the first half of 2027 and vehicles ro

Volkswagen is preparing what could be the largest restructuring in automotive history, with chief executive Oliver Blume said to be assessing the closure of four German plants and the elimination of as many as 100,000 jobs as Europe's biggest carmaker struggles against Chinese rivals and shrinking margins. The proposals, presented to senior management last week and to be discussed by the supervisory board on 9 July, would shutter sites at Hanover, Zwickau, Emden and Audi's Ne

BYD is searching for an existing factory in southern Europe to house its second assembly plant on the continent, with Spain among the countries on its shortlist, as the Chinese electric-vehicle maker races to establish local production before Brussels tightens its rules on where cars are built. The company would rather take over a brownfield site than build from scratch, executive vice president Stella Li told reporters in Berlin during the European launch of the Dolphin G, a