Europe’s embattled automakers and their investors just got a reprieve. Volkswagen stock rose as much as 5% after the European Union said it would relax the bloc’s carbon-dioxide emissions rules—removing the immediate threat of fines.
Volkswagen’s electric SUV is making a comeback. Last month, the Volkswagen ID.4 topped Tesla’s Model Y to become the best-selling EV
Volkswagen Group’s initial plan to phase out internal combustion engine models in Europe by 2033 is reportedly under review.
US President Donald Trump has announced that products imported from European countries could soon face up to 25 per cent tariff.
The competition — led in Europe by Volkswagen AG, Stellantis NV and Renault SA — also is under greater regulatory pressure to sell more EVs in 2025. Manufacturers must meet stricter CO2 emissions targets in the European Union this year, while a steadily rising share of their sales need to be zero-emission in the UK through 2035.
The Italian Competition Authority is investigating potential breaches of consumer protection laws regarding driving range, battery degradation, and warranty limitations.