Business - Page 2
600 news
Volkswagen overhauls German production as electric car orders outpace petrol and diesel
Volkswagen is now getting more orders for electric cars than for petrol or diesel models in Germany. The surge is forcing the company to change its production plans and rethink how its factories work.
Dongfeng shakes up Spain’s SUV market with electric and hybrid models
Dongfeng has landed in Spain with two new SUVs: the all-electric VIGO and the plug-in hybrid MAGE PHEV. Both come loaded with features, long warranties, and prices that could force rivals to rethink their offers.
Liux BIG racks up thousands of reservations before Paris launch
Liux, a Spanish electric car startup, is about to show its first production model at the Paris Motor Show. With nearly 7,500 reservations already, the Liux BIG is set to shake up city driving with its focus on efficiency and price.
Valladolid opens €1 million fund for vulnerable entrepreneurs
MicroBank will make €1 million available for business projects in Valladolid. The loans can cover the full investment without property or personal guarantees, although legal entities may need a guarantee from participating owners.
Chinese car giants move in on Spain’s auto market
Spain is now the first country in Europe where all seven top Chinese car groups have set up their own subsidiaries. With low prices and a fast-growing dealer network, these brands are shaking up the Spanish car market.
GWM pushes into Spain with seven new models and local plans
GWM is making a high-stakes entry into Spain, rolling out the ORA 5 and promising six more models within months. The company is betting on a diverse lineup and local manufacturing to challenge established brands.
Used-car sales face stricter EU traceability rules
A new EU regulation changes how used vehicles must be documented. Professional sellers will need reliable lifecycle records before 2028.
Cabify boss: Autonomous cars will change Spanish city transport by 2027
Cabify España CEO Alberto González says driverless cars could be on Spanish roads by 2027. He believes these vehicles will add new ways to get around, not take away jobs—just as VTCs once changed the taxi market.
Spain becomes the new hub for Chinese carmakers in Europe
Chinese carmakers are turning their focus to Spain. With big investments in factories and battery plants, Spain is quickly becoming a key player in Europe’s auto industry.
Leapmotor eyes Madrid plant as B10 tops Spain’s electric SUV sales
Leapmotor’s B10 has surged to the top of Spain’s electric SUV market, but the company still hasn’t picked which model will be built in Madrid. The decision could shake up Spain’s EV industry.
IMF plans Caracas office for first half of 2027
The IMF plans to open an office in Caracas during the first half of 2027. The move follows renewed data sharing and Venezuela's return to international financial engagement.
Santander brings UBS back for Brazil takeover bid
Santander has hired UBS for its €1.9 billion Brazilian offer. The mandate revives a relationship weakened after the failed hiring of Andrea Orcel.
Raventós Codorníu sets a new profit record
Raventós Codorníu has posted the strongest EBITDA in its history. Sales reached a new high despite volatile markets and record costs, while net profit is expected to rise 17%.
Codorníu weighs asset sales after record profit
Raventós Codorníu has posted its highest net profit while reviewing possible asset sales. Carlyle is still considering offers for a majority or minority stake.
Alejandro Hamlyn walks free in Dubai after Spain fails to act
Alejandro Hamlyn, wanted in Spain for a massive VAT fraud, is out of detention in Dubai. Spanish officials never filed the extradition request, letting the high-profile businessman go free despite a major criminal case.
BYD narrows search to Spain or France for next electric car plant
BYD is close to picking Spain or France for its second European plant. The decision, expected by year-end, could shake up the electric car market and bring new competition to the region.
Chery eyes OMODA and JAECOO launch in China as exports soar
Chery is weighing a sharp turnaround: bringing its export hits OMODA and JAECOO back to China. With home sales falling fast, the automaker is looking to its global brands for a way out.
Lepas L8 lands in Spain: Chery’s new hybrid SUV takes on a crowded field
The Lepas L8 hits Spain with 279 horsepower, 90 km of electric range, and a starting price under 34,000 euros. Chery Auto is betting on sharp design and tech to stand out in a market already full of Chinese brands.
Tesla pulls ahead in Spain as Volkswagen and BYD chase new electric records
Tesla’s Model 3 and Model Y are leaving the rest behind in Spain’s electric car market this September. Volkswagen rolls out its most powerful GTI ever, while BYD sets its sights on solid-state batteries by 2027. The market is changing fast.
Bizum Pay reaches 20 million Spanish shoppers
Bizum is moving beyond person-to-person transfers in Spain. Major banks now let customers pay in physical shops with their phones, while Santander has yet to join the rollout.
Volkswagen launches ID. UNYX 09 electric sedan with 730 km range—China only
Volkswagen has rolled out the ID. UNYX 09, an electric sedan with up to 730 km of range and 503 horsepower. Built with Xpeng, this car is for China only—European buyers are left waiting.
Castilla-La Mancha attracts 129.2 million euros in foreign investment
Foreign investment in Spain reached 12.446 billion euros in the first half of 2026, up 31.2% from a year earlier. Madrid and Catalonia took the largest shares, while Castilla-La Mancha received 129.2 million euros.
Nissan bets big on electric cars in Spain with new models and smart tech
Nissan is shaking up its European game plan, bringing a wave of electric cars and new software to Spain. The company is rolling out fresh models and tech, aiming to stay ahead as rivals and new rules change the market.
Bizum Pay brings in-store payments to Spanish shops
Bizum Pay is expanding across Spanish shops, giving almost 20 million people a way to pay in person. Bankinter and CaixaBank are adding access while tying the rollout to new customer offers.
Volkswagen Navarra starts mass production of ID Cross electric SUV
Volkswagen’s Navarra plant has started building the ID Cross, marking a major step in the group’s move to electric cars. This puts Spain and Portugal at the center of Volkswagen’s European EV plans.
Bizum Reaches 1.6 Million Spanish Shops for In-Person Payments
Bizum payments are now accepted at more than 1.6 million Spanish establishments. The service reaches 20 million users and covers around 75% of bank terminals.
Luxeed RX takes aim at China’s electric SUV heavyweights with big tech and bold looks
Luxeed is about to shake up China’s electric SUV market with the RX, a five-meter coupe-SUV launching September 28. With top-tier sensors, a 21,000 rpm motor, and a lower entry price thanks to a new battery, the RX is set to challenge the big names and raise the bar.
Moroccan car factories outpace Spain with record low absenteeism
Morocco’s car factories are pulling ahead of Spain not just on wages but on worker attendance. With absenteeism below three percent and a younger workforce, the country is becoming a serious rival for European automakers seeking efficiency.
ORA 5 takes aim at Spain’s compact SUV crowd
GWM is stepping into Spain with the ORA 5, a compact SUV built to take on the big names. With sharp styling and petrol, hybrid, or electric options, the ORA 5 is set to shake up one of Spain’s toughest car segments.
Amazon puts 50 Mercedes eActros 600 electric trucks on German roads
Amazon Germany is adding 50 Mercedes-Benz eActros 600 electric trucks to its logistics network this year. This move brings electric heavy trucks into real service and marks a new step for cleaner freight in Europe.
Nio CEO faces European owners as electric car rollout stalls
Nio has put its European plans on hold, stopping new models and battery swap stations until at least 2027. Now CEO William Li is heading to Amsterdam to meet frustrated owners and deal with the fallout.
BYD M9 luxury van lands in Australia with record electric range
BYD has launched the M9, a luxury plug-in hybrid van with up to 145 kilometers of electric range and seating for seven or eight. The M9 undercuts rivals on price and brings advanced tech to Australian families and business fleets.
Electric cars cut deep into Spanish dealerships’ repair profits
Spanish dealerships are losing their main source of workshop profit as electric cars need far less maintenance. Independent garages are stepping up, forcing the industry to rethink a business model that has lasted for decades.
Tesla Model 3 tops Spain’s car market as Chinese EVs take over
Tesla’s Model 3 is now Spain’s most registered car this September, beating even the usual hybrid leaders. Chinese brands fill the electric top ten, while European models barely make a mark.
Priscila de Oliveira breaks barriers in Spanish construction
Priscila de Oliveira is one of the few women running a construction business in Spain. Her story shows what women face in a field still run by men. More women are joining, but the gap is still wide.
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