News Gist .News

Articles | Politics | Finance | Stocks | Crypto | AI | Technology | Science | Gaming | PC Hardware | Laptops | Smartphones | Archive

EU Plans Law to Give Car Services Groups Access to Vehicle Data

The European Commission is set to propose draft legislation this year that would allow insurers, leasing companies, and repair shops fair access to valuable vehicle data, aiming to end a dispute between car services groups, Big Tech, and automakers over monetizing in-vehicle data. The law could be worth hundreds of billions of euros by the end of the decade as the connected car market is expected to grow. However, carmakers have cautioned against legislation that could impose blanket obligations on them and warned of risks to trade secrets.

See Also

EU Seeks to Grant Automakers 'Breathing Space' On CO2 Emission Targets Δ1.76

The European Commission has given automakers three years, rather than one, to meet new CO2 emission targets for their cars and vans. Companies will be able to sell more electric vehicles without facing heavy fines, while still meeting the EU's target of zero emissions by 2035. The proposal offers "breathing space" to the industry, allowing it to reduce emissions and stay competitive as the EV market ramps up.

Volkswagen's Entry-Level Electric Car Targeted at Europe Δ1.76

Volkswagen is focusing its sales strategy for its upcoming 20,000-euro electric car on Europe, where it aims to capitalize on the growing demand for affordable EVs. To achieve this goal, the company needs to bring down battery costs, which will enable it to sell the car at a price comparable to other affordable options in the market. The car's software and design have been optimized to reduce weight and simplify manufacturing.

Boosting Eu Ev Demand, Local Battery Production Δ1.75

The European Commission will publish its automotive action plan next week to boost demand for electric vehicles (EVs) in the European Union and includes local content requirements for car battery production. The draft proposes measures to accelerate the uptake of EVs in fleets, incentivise purchases, and provide funding options for them. The EU executive aims to help ensure EU car producers can compete with more advanced Chinese and U.S. rivals.

Boosting Eu Ev Demand, Local Battery Requirements Δ1.75

The European Commission is set to unveil measures aimed at increasing demand for electric vehicles (EVs) in the EU by boosting incentives for companies to switch to EVs, setting stricter emissions standards, and requiring more local battery production to ensure a competitive supply chain. The proposed plan includes local content requirements for car battery production, which would incentivize domestic investment and reduce dependence on imported batteries. The EU executive also plans to introduce financial support for battery-recycling facilities to minimize waste and promote sustainability.

Mercedes-Benz to Cut Headcount, Lower Pay Increases Amid Cost-Cutting Drive. Δ1.75

Mercedes-Benz has won agreement from its works council to offer buy-outs to staff and reduced planned salary increases by half, part of a wider cost-cutting drive as the carmaker battles to revive earnings. The company plans to reduce production costs by 10% by 2027 and double that by 2030, beyond an ongoing plan launched in 2020 to reduce costs by 20% between 2019 and 2025. This move reflects the growing pressure on the European auto industry to adapt to changing market conditions and technological advancements.

Eu Emission Targets Softened for Cars: Stellantis Welcomes Announcement Δ1.75

Stellantis has welcomed the European Commission's proposal to soften the bloc's carbon emission targets for cars, which will give automakers three years instead of one to meet new CO2 emission standards. The extended compliance period is seen as a "meaningful step in the right direction" to preserve the auto industry's competitiveness while reducing its environmental impact. This move is expected to provide a boost to Stellantis and other European automakers, enabling them to invest more in electrification and reduce their greenhouse gas emissions.

High Prices Deter German Consumers From Electric Vehicles Δ1.74

German consumers are turned off by high prices, with 47% of respondents citing excessive costs as the main barrier to buying an electric car, according to a survey commissioned by dpa and published on Sunday. The study found that only 12% of respondents would be willing to pay more than €30,000 for an electric vehicle, highlighting the significant price gap between electric cars and their conventional counterparts. Despite government subsidies, sales of electric vehicles plummeted 27% in Germany in 2024 after a subsidy expired.

Microsoft Updates Terms on Data Privacy Amid EU Probe Δ1.74

Microsoft is updating its commercial cloud contracts to improve data protection for European Union institutions, following an investigation by the EU's data watchdog that found previous deals failed to meet EU law. The changes aim to increase Microsoft's data protection responsibilities and provide greater transparency for customers. By implementing these new provisions, Microsoft seeks to enhance trust with public sector and enterprise customers in the region.

Regulatory Approval Required for Autonomous Driving Software Upgrades in China Δ1.74

China has introduced new regulations requiring regulatory approvals for autonomous driving-related over-the-air software upgrades, aiming to prevent automakers from using them to conceal defects or avoid liability. Under the new rules, electric vehicle makers such as Tesla and Xiaomi must obtain a license for product changes before resuming production of affected vehicles. The regulations also ban automakers from naming and marketing driving assistance systems with hints that they can be used as autonomous driving systems.

Xiaomi to Sell EVs Globally 'Within the Next Few Years' After Launching $73,000 Premium Car Δ1.73

Xiaomi plans to expand its electric vehicle (EV) business beyond China's borders within the next few years, according to company President William Lu, who made the announcement at a product launch event in Barcelona. The Chinese tech giant's first luxury EV model, the SU7 Ultra, has already garnered significant interest with 15,000 orders in just 24 hours. As Xiaomi looks to challenge Tesla and other players in the global EV market, it must navigate complex regulatory environments and ensure the quality of its vehicles.

Mercedes-Benz to Cut Headcount, Lower Pay Increases Amid Cost-Cutting Drive Δ1.73

Mercedes-Benz has won agreement from its works council to offer buy-outs to staff and reduced planned salary increases by half, as part of a wider cost-cutting drive aimed at reviving earnings. The company plans to reduce production costs by 10% by 2027 and double that by 2030, with redundancies ruled out for production workers. Management has agreed to extend a job security guarantee until the end of 2034.

Tanks Not Cars: How Germany’s Defence Industry Could Boost the Economy Δ1.72

German defence companies are exploring the ailing car industry to increase capacity amid rising military spending in Europe, potentially reviving the continent's biggest economy. The shift could be driven by European leaders' agreement to mobilise up to 800 billion euros for rearmament and Germany's desire to boost its economic growth. A pivot towards defence production may also give a boost to the country's GDP.

EU Must ‘Fully’ Apply Its Market Fairness Rulebook on Google, Search Rivals Urge Δ1.72

The European Union is facing pressure to intensify its investigation of Google under the Digital Markets Act (DMA), with rival search engines and civil society groups alleging non-compliance with the directives meant to ensure fair competition. DuckDuckGo and Seznam.cz have highlighted issues with Google’s implementation of the DMA, particularly concerning data sharing practices that they believe violate the regulations. The situation is further complicated by external political pressures from the United States, where the Trump administration argues that EU regulations disproportionately target American tech giants.

European Auto Stocks Jump on Trump Tariff Pause as Stellantis Pledges 'More American Cars' Δ1.72

European automakers experienced a surge in their stock prices following U.S. President Donald Trump's decision to suspend new tariffs on car imports from Canada and Mexico for one month. Stellantis, the parent company of Chrysler and Fiat, expressed its commitment to increasing American-made vehicle production in response to the tariff reprieve, aligning with the administration's "America First" policy. However, analysts warn that ongoing supply chain challenges and the potential for future tariffs could lead to increased costs for consumers and significant revenue loss for automakers.

Ford to Inject up to $4.8 Billion Into Cash-Strapped German Business Δ1.72

The U.S. automaker is providing a significant financial boost to revive its struggling European operations, aiming to increase competitiveness and reduce costs through strategic transformation initiatives. Ford-Werke's new capital injection will also help address overborrowing and provide funding for a multi-year business plan. The company seeks to simplify governance and drive efficiencies in the sector.

The Trump Administration Tightens Its Grip on US Auto Industry Δ1.72

Analysts expect car levies to have a profound impact on the automotive industry, with global trade tensions and protectionist policies escalating into full-blown tariffs. The U.S. government's aggressive stance in the trade arena has led to widespread concern among automakers, who are now bracing for the worst. As a result, major players like Ford and General Motors have been forced to rethink their strategies in response to the rapidly shifting landscape.

Gm's Electric Gains Face Critical Test as Trump Targets Ev Subsidies Δ1.72

General Motors has significantly increased its share of U.S. electric vehicle sales, reaching 12% in 2024, thanks to a broad lineup of competitive models and aggressive pricing strategies. However, the future of this momentum is uncertain as former President Trump threatens to eliminate crucial EV subsidies and impose tariffs that could impact GM's production costs. As GM prepares to launch new models and aims for profitability in its EV sector, it faces a pivotal year that will test its commitment to an all-electric future.

China’s Geely Introduces New Smart Driving System. Δ1.72

Geely's introduction of the new G-Pilot smart driving system marks a significant step forward in autonomous vehicle technology, allowing for more efficient and safer transportation. The G-Pilot system will be integrated into cars under various brands, including Geely Auto, Galaxy, Lynk & Co, and Zeekr, with pricing starting at 149,800 yuan for the electric sedan Galaxy E8. This development is expected to enhance the driving experience and reduce the workload of human drivers.

Driving The New Mercedes CLA Made Me A Believer In Mercedes-Benz’s EV Future Δ1.72

The new Mercedes CLA has the potential to reshape the brand's electric vehicle (EV) offerings, combining an appealing design with improved performance and efficiency. With an entirely in-house developed powertrain and a focus on user-friendly features, the CLA aims to address previous concerns about styling and cost in Mercedes-Benz's EV lineup. Initial impressions suggest that this model could significantly enhance the company's position in the competitive EV market, appealing to both traditional car enthusiasts and new EV buyers.

The Luxury Automaker's Electric Dilemma Δ1.71

Aston Martin and Maserati are reevaluating their plans for future electrification models due to budget cuts and a cooling of demand in China. The luxury car industry continues to struggle with electrification, citing high prices and range anxiety as major concerns. Both brands have delayed or cut back on their electric vehicle (EV) launches, with Aston Martin's first EV model now expected to arrive in 2027, at the earliest.

BYD Pegs Tesla as an Ally in the Fight Against the Gas Engine as It's Ready to Share EV Technology Δ1.71

BYD is willing to share its electric vehicle (EV) and autonomous driving technologies with key rivals like Tesla, as long as that helps advance the self-driving electric vehicle cause. It started by giving away its Tesla FSD equivalent for free. BYD, which became the world's largest electric vehicle maker last quarter at the expense of Tesla, said that it is ready to share technology if that will help to advance the industry as a whole.

EU Lawmakers Voice Doubts About Digital Euro After ECB Outage Δ1.71

European lawmakers are voicing fresh doubt about the European Central Bank’s ability to deliver its digital euro project following an outage in the ECB’s existing payment system. The breakdown in Target 2 (T2) caused delays for thousands of households and traders, raising concerns about the ECB's credibility. A successful digital euro would require restoring citizens' trust, with lawmakers emphasizing the need for improved systems and secure financial infrastructure.

Ford to Inject up to $4.8 Billion Into Cash-Strapped German Business Δ1.71

Ford will provide a significant financial lifeline to its struggling German operations, injecting up to 4.4 billion euros ($4.76 billion) in an effort to revitalize its European business. The move aims to reduce costs and increase competitiveness through strategic transformation initiatives. By recapitalizing its German arm, Ford hopes to support the transformation of its business in Europe.

Tesla's Cybertruck Design Disaster Is Complete as Tesla Gets Desperate Δ1.71

The Cybertruck design disaster has culminated in a desperate bid by Tesla to boost sales, with the company offering discounted financing and creative marketing tactics to shift its unroadworthy electric SUV. Despite initial predictions of 500,000 units per year, estimates suggest around 40,000 vehicles will be sold in 2024, leaving many to wonder if Tesla's gamble has been a costly mistake. As the sales figures continue to plummet, it is clear that Elon Musk's personal transformation and controversies have not helped salvage the Cybertruck's reputation.

China's Car Sales Rise 1.3% in First Two Months of 2025 Δ1.71

China's car sales increased by 1.3% in the first two months of 2025 compared to the same period last year, driven by an expanded customer subsidy program that boosted auto demand amidst a competitive smart electric vehicle (EV) price war. February saw a notable rebound with a 26.1% rise in passenger vehicle sales to 1.41 million units, following a significant drop in January due to the Lunar New Year holiday. Despite the growth of EV and plug-in hybrid sales, gasoline cars continue to dominate the market for the third consecutive month.