In May, Tesla’s vehicle sales across Europe and the U.K. totaled just 13,863 units, down 28 percent year on year, the European Automobile Manufacturers Association reported.
Tag: Europe
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FUEL PRICES SPIKE IN EUROPE AS MIDEAST WAR HEATS UP
Since Israel escalated its attacks on Iran on 13 June, the price of jet fuel has rocketed up 45 percent and diesel fuel by volume costs 60 percent more than crude oil, the Argus data service reported.
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GERMANY’S CHANCELLOR-IN-WAITING AIMS TO PUMP UP MILITARY SPENDING
Friedrich Merz, Germany’s chancellor in waiting, wasted no time to start his full-court press to come up with new funding for Berlin to beef up its military and wants to rush the approval before the new government can challenge him.
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U.K., EUROPE AIMS TO INCREASE MILITARY SPENDING AS TRUMP LOOKS TO END WAR IN UKRAINE
U.K. Prime Minister Keir Starmer announced last week that London will increase its defense spending by 0.2 percent to 2.5 percent of its GDP, or about $17 billion, citing what he sees as the growing threat from Russia.
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EUROPE’S AUTO INDUSTRY SUPPLY CHAIN IS BLEEDING JOBS
Job losses doubled in 2024 to more than 30,000 among European companies supplying automakers with parts and components, data from the European Association of Automotive Suppliers shows.
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WWII ENEMIES UNITE: GERMANY’S RHEINMETALL TO PRODUCE GUN BARRELS IN THE UK
What a difference a few decades make. Rheinmetall, Germany’s behemoth arms maker, announced last week that it will begin the production of gun barrels in the U.K. as part of a new defense agreement between London and Berlin—Europe’s two top military spenders.
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GERMANY AGING LIKE JAPAN, WHILE PUTIN OFFERS RUSSIA AS HAVEN FOR DISAFFECTED WESTERNERS
Europe is dying, not just from yet another calamity of war, but because of the calamity of twisted Western modernity.
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SECRET FILES SHOW RUSSIA HAS TRAINED NAVY TO TARGET SITES IN EUROPE WITH NUCLEAR-CAPABLE MISSILES
Russia's military has plans in place to attack targets across Europe with nuclear-capable missiles as war with Ukraine heats up and NATO continues to encourage Kyiv to strike deeper inside Russia.
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SPOTLIGHT ON EUROPE: ECONOMIC DOWN TIME
Rising sales outside of Europe will offset an auto industry slump across the continent this year, German car parts manufacturer Continental AG said last week.
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