Business - Page 4
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Mitsubishi L200 returns to Europe with a bold new diesel pickup
Mitsubishi is bringing back the L200 pickup to Europe after a five-year absence. The new model features a robust design, a powerful diesel engine, and a reinforced chassis aimed at both utility and off-road performance.
Europe faces electric car crisis as China dominates design and production
Europe’s electric car industry is losing ground to China, with design and manufacturing slipping out of European hands. Political proposals and infrastructure gaps reveal a sector under pressure and a continent at a crossroads.
Helena Guardans to lead Barcelona's Liceu
Helena Guardans will lead the Liceu for five years. Her appointment follows a record sponsorship season and comes ahead of the Liceu Mar project.
Omoda and Jaecoo may return to China after Spanish sales surge
Omoda and Jaecoo, two brands created by Chery for global markets, are now being considered for launch in China after achieving over 25,000 registrations in Spain by August 2026. The move could reshape the competitive landscape for Chinese automakers.
Chinese car brands surge in Spain as MG and BYD battle for dominance
Chinese car brands have seized nearly 15 percent of Spain’s auto market in 2026, with MG and BYD leading a wave of new models and fierce competition. The landscape is shifting fast as local and global players adapt to the new reality.
Volkswagen orders record recall over steering bolt risk
Volkswagen is recalling nearly four million cars across Europe because of a possible corrosion problem in the steering. This is the company’s biggest recall since Dieselgate and hits models from VW, Audi, Skoda, and Seat.
Union leader demands protection for Spanish electric car production
Unai Sordo, head of CCOO, warns that unchecked Chinese electric car imports could force Spanish plants like Renault’s to halt production. He urges guarantees for investment in hybrid and electric vehicle manufacturing in Spain.
Ora 5 hits Spain: Porsche-inspired style, sub-20,000 euro entry
Ora 5 lands in Spain as a compact SUV with gasoline, hybrid, and electric versions. Its design borrows from premium brands but aims for buyers who want value. Early drives show a surprising mix of comfort and tech for the price.
Spanish car industry reels as China takes the lead in electric vehicles
Manuel Palma, a top Spanish car dealer, says Spain's rush to electric vehicles has left the industry wide open to Chinese rivals and pricing problems. His warning shows the risks facing a sector that once led in combustion engines.
Lexus ES 2026 lands in Spain: hybrid and electric now cost the same
Lexus has set both the hybrid and electric ES 2026 models at 61,500 euros in Spain. This wipes out the usual price gap and pushes buyers to rethink what matters in a premium sedan.
Morocco builds Africa's first battery gigafactory just across from Spain
A $6.8 billion battery plant is rising in Kenitra, Morocco, only 15 kilometers from Spain. With Chinese giant Gotion High-Tech behind it, this project could shake up the electric vehicle race in southern Europe.
BBVA tries out car sales and iPhone rentals in Turkey
BBVA is breaking out of its banking mold in Turkey, selling used cars and renting iPhones through Garanti. The bank is testing these new business lines before deciding if Spain will get them too.
EQT lines up €1.7 billion sale of Parques Reunidos
EQT has hired JPMorgan to prepare a sale of Parques Reunidos at a valuation of around €1.7 billion. Industrial operators including Merlin Entertainments and Compagnie des Alpes could take part in the process.
Lynk & Co shakes up Spain’s car scene with a new look and approach
Lynk & Co cars are catching eyes in Spain with their low-key badge and digital-first style. Backed by Geely, the brand is changing what drivers expect from modern cars and how they get behind the wheel.
BYD B12.b HF takes top prize for zero emission intercity travel
The BYD B12.b HF has won the Sustainable Bus Award 2027 in Madrid, setting a new mark for electric intercity transport. Its long-range battery and integrated tech push zero emission travel forward.
Renault puts €600 million into electric car production in Spain
Renault will spend €600 million to launch five new models in Valladolid and Palencia, including two electric cars and a battery assembly line. This is Renault’s first electric car production in Spain and will keep thousands of jobs secure.
Liux aims at city drivers with electric car under eighteen thousand euros
Liux is getting ready to shake up city transport with the Big, an electric quadricycle built in Guadalajara. Priced below eighteen thousand euros and made with flax fiber biocomposites, the Big is designed for efficiency and sustainability.
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.
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