Falling sales growth and excess capacity have led to sector pain that the EV transition is not easing
Also in this newsletter: a dispatch from the political mess in Romania
Also in this newsletter: new proposals for frozen Russian assets
Incentives promoting ‘strategic autonomy’ for Europe’s arms industry to be open to US and UK companies
Headcount reduction comes as industry faces pressure over EV switch and competition from China
Industry is latest manufacturing sector on the continent to shrink despite global growth
The once-lucrative market is now highly competitive and more Chinese EVs are being exported, compounding slower sales at home
A painful EV transition for the Stellantis-owned brand has shaken its home city of Turin and sparked an acrimonious spat with Rome
Business leaders say Europe’s policymakers are ill prepared for just how expensive the shift is likely to be
Also in this newsletter: European governments ramp up evacuations from Lebanon
Europe’s leading battery maker is downsizing as it struggles to build up production amid slowing shift to electric vehicles
European prices drop below cost of production as world market is deluged
Limp purchasing managers’ indices in July and poor figures for new orders hint that Europe is heading for broader slowdown
A five-year-old sector is seeking to overcome reliability challenges to transform deliveries
Group needs €2.7bn to manufacture vessels whose prices were negotiated when costs were lower
Purchasing managers’ poll hits 5-month low on weak growth in services and steep falls in manufacturing
They want ‘made in Europe’ requirements to protect region’s hydrogen equipment manufacturing industry
Tariff announcement from Brussels prompts Citroën and Fiat brand owner to move part of Leapmotor output
Peter Voser says university leavers let down by education system and governments that have neglected manufacturing
Data expected to reassure ECB officials that eurozone still on track for ‘soft landing’
Markus Krebber says there will be ‘significant structural demand destruction’ in energy-intensive sectors
Construction and carmaking drive stronger-than-expected performance in February
Inflation and higher interest rates have hit manufacturers but some are bucking the trend
Businesses are upset by the extra regulation resulting from the restrictions
PMI indices continue to rise across the UK and eurozone while downturn in manufacturing eases
