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Exclusive-Tesla faces EU skepticism over automated-driving tech, records show

Exclusive-Tesla faces EU skepticism over automated-driving tech, records show

By Marie Mannes and Chris Kirkham May 5 (Reuters) - Tesla CEO Elon Musk has projected confidence that the European Union will soon green-light the carmaker's "Full Self-Driving" (FSD) system, but emails from some European regulators show marked skepticism toward the technology and its stated safety
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Tesla Owners in Korea Illegally Activate Self-Driving Feature Amid Restrictions

Tesla Owners in Korea Illegally Activate Self-Driving Feature Amid Restrictions

Tesla Owners in Korea Illegally Activate Self-Driving Feature Amid Restrictions
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Analysis-Kone's new TK Elevator deal comes amid climate change on European champions

Analysis-Kone's new TK Elevator deal comes amid climate change on European champions

By Anne Kauranen, Elviira Luoma and Christoph Steitz HELSINKI/GDANSK/FRANKFURT, May 4 (Reuters) - Brussels' antitrust rules have already once helped derail an attempt to create the world's top lift maker, but Kone's proposed new tie-up with TK Elevator shows the Finnish group is banking on a change
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President Trump Threatens 25% Tariff on European Auto Imports, Impacting Stocks

President Trump Threatens 25% Tariff on European Auto Imports, Impacting Stocks

President Trump has announced plans to increase tariffs on imported vehicles from Europe, raising them from 15% to 25%. This decision comes as a response to what Trump perceives as a breach of a previous trade agreement by the European Union. The announcement has already caused a significant drop in the stock prices of major European car manufacturers such as Volkswagen, BMW, and Stellantis. The European Commission has indicated that it will consider its options in response to this tariff threat. This development is part of a broader context of trade tensions between the U.S. and Europe, as well as with other global trading partners.
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Volkswagen Introduces 'Gamechanger' Production Process to Enhance Electric Vehicle Manufacturing

Volkswagen Introduces 'Gamechanger' Production Process to Enhance Electric Vehicle Manufacturing

Volkswagen Introduces 'Gamechanger' Production Process to Enhance Electric Vehicle Manufacturing
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Iran Conflict Escalates Jet Fuel Prices, Impacting Airlines and Travelers

Iran Conflict Escalates Jet Fuel Prices, Impacting Airlines and Travelers

The ongoing conflict involving Iran has led to significant disruptions in the global airline industry, primarily due to the blockade of the Strait of Hormuz, a critical passage for oil and gas tankers. This blockade has caused jet fuel prices to more than double, with European airlines experiencing a sharp increase from approximately €68.27 ($80) per barrel in February to €153.84 ($180) by the end of April. The International Energy Agency has warned of an impending jet fuel shortage in Europe, which consumes about 1.6 million barrels daily. Airlines such as Air France-KLM and Lufthansa have responded by imposing surcharges and reducing flights, respectively, to manage costs. The situation has led to a 24% increase in airfare over the past year, as reported by Teneo, an advisory firm.
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EU countries push to settle US trade deal to avoid car tariff hike

EU countries push to settle US trade deal to avoid car tariff hike

By Philip Blenkinsop BRUSSELS, May 4 (Reuters) - European Union countries are broadly pushing for the swift implementation of the bloc's side of a trade deal struck with the United States last year to ward off the threat of higher auto tariffs, EU diplomats said on Monday. 
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Europe shares inch lower as tariff threats drag automakers; investors assess Mideast progress

Europe shares inch lower as tariff threats drag automakers; investors assess Mideast progress

By Twesha Dikshit May 4 (Reuters) - European shares ticked lower on Monday as European automakers came under pressure following threats of a U.S. tariff hike, while investors awaited signs of progress in reopening the Strait of Hormuz.  U.S.
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President Trump Increases Tariffs on EU Cars, Impacting European Automakers

President Trump Increases Tariffs on EU Cars, Impacting European Automakers

President Trump announced on May 1, 2026, that tariffs on cars and trucks imported from the European Union will be increased to 25% from the previously agreed 15%. This decision is based on accusations that the EU has not complied with a trade framework agreed upon last year. The tariff hike is expected to significantly impact European automakers such as Stellantis, BMW, and Mercedes-Benz, potentially raising prices for consumers and squeezing already tight margins. The European Commission maintains that it is implementing the trade deal in line with standard legislative practice, while the European Parliament calls for a swift conclusion of negotiations to avoid prolonged uncertainty.
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European Commission Responds to President Trump's Tariff Threat with Open Options

European Commission Responds to President Trump's Tariff Threat with Open Options

The European Commission has announced it will 'keep our options open' in response to U.S. President Donald Trump's threat to impose a 25 percent tariff on automobiles and auto parts from Europe. This development escalates the ongoing trade tensions between the U.S. and the European Union. President Trump has accused the EU of not adhering to a trade agreement, prompting this potential tariff increase. The EU, however, disputes this claim and has expressed concerns about the reliability of the U.S. as a trade partner. The proposed tariffs could significantly impact Europe's automotive industry and further strain economic relations between the two regions. The European Parliament's trade committee has labeled Trump's threat as 'unacceptable,' accusing the U.S. of breaking its commitments. Meanwhile, EU governments remain divided on whether to implement additional safeguards, as some countries resist a French-led initiative to revisit the trade deal.
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President Trump Imposes 25% Tariff on EU Vehicles, Escalating Trade Tensions

President Trump Imposes 25% Tariff on EU Vehicles, Escalating Trade Tensions

President Trump Imposes 25% Tariff on EU Vehicles, Escalating Trade Tensions
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President Trump Raises Import Duties on EU Cars, Citing Trade Deal Non-Compliance

President Trump Raises Import Duties on EU Cars, Citing Trade Deal Non-Compliance

President Donald Trump has announced an increase in tariffs on cars and lorries imported from the European Union, raising them from 15% to 25%. This decision follows accusations that the EU has not complied with a trade agreement made last summer. The tariffs will not apply to vehicles manufactured in the U.S. by EU companies. The move has been met with criticism from EU officials, who argue that it undermines the partnership between the U.S. and the EU. The European Commission has stated its commitment to the original trade deal and is considering its options to protect EU interests.