Electric vehicles (EVs) accounted for 17 percent of Europe’s new-car sales last year, up from 14 percent in 2024, while purchases of Teslas plummeted 38 percent, year on year, the European Automobile Manufacturers Association (ACEA) reported.
Tag: European Commission
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EUROPE’S CAR PARTS MAKERS HAVE DUMPED 100,000 WORKERS IN TWO YEARS
Bosch and other European car parts manufacturers have announced layoffs of more than 100,000 workers over the past 24 months as demand for the continent’s cars has slumped and China has taken a growing share of their market.
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EU APPROVES FIRST WAVE OF ITS MILITARY DEFENSE INVESTMENTS WORTH €38B
The European Commission said in a statement last week that it approved the first Security Action for Europe (SAFE) investment worth €38 billion to boost the militaries for eight EU countries as part of the bloc’s ReArm Europe Plan/Readiness 2030 that will mobilize up to 800 billion euros for defense spending.
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VON DER LEYEN DREAMS OF TURNING EUROPE INTO A MILITARY ‘POWERHOUSE’
Ursula von der Leyen, the president of the European Commission, is doing her best to see to it that Europe becomes a “military powerhouse” in the face of what she sees as the threat of a wider war with Russia.
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EU ASKS ISRAEL TO STOP WEST BANK EXPANSION
The European Commission last week called on Israel to stop its E1 settlement expansion project signed by Israeli Prime Minister Benjamin Netanyahu in September that was seen as the death knell for any possibility of a two-state solution in the region.
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EU TAKES STEP TO STEAL SEIZED RUSSIAN FUNDS TO PAY FOR UKRAINE WAR
The European Union (EU) announced last week that it will indefinitely immobilize $246 billion in frozen Russian assets, a step in eventually deploying the funds to pay for Ukraine’s war effort against Russia.
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EUROZONE IN DANGER FROM TOO MUCH GOVERNMENT SPENDING, EU SAYS
Because of past and present “immense demands on public finances,” several Eurozone countries face fiscal “sustainability risks,” according to the European Commission’s (EC’s) new assessment of member countries’ compliance with rules governing public spending.
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PRESSURED BY BIG TECH, EU BACKTRACKS ON WORLD-FIRST AI LAW
The European Commission (EC) is thinking of suspending parts of its AI Act, the landmark suite of regulations it established in May 2024 to govern artificial intelligence amid intense pressure from Big Tech companies and the US government.
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ECB PLANS TEST OF DIGITAL EURO FOR 2027
The European Central Bank (ECB) is planning a pilot test of a digital euro in 2027 if the European Commission will give timely approval for the experiment, the bank has announced.
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WARMONGER SHOW: EU CONSIDERS TRANSPORT PLAN TO MOBILIZE TROOPS IN CASE OF WAR WITH RUSSIA
Officials in Europe are considering plans on how to move a large number of troops across the continent in the event of an all-out war with Russia, and one of the ideas is to combine transportation assets in a “solidarity pool,” according to a report.