Economy - Page 6
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Car buyers face rising prices as direct sales model stalls in Spain
The promise of direct car sales in Spain has hit a wall as manufacturers refuse to shoulder the cost of unsold vehicles. With prices up over 40 percent in four years and Chinese brands now holding 20 percent of private sales, the traditional dealership is far from obsolete.
Trump rewrites US car rules and sidelines electric mandates
Donald Trump has scrapped Biden-era electric vehicle mandates and approved looser CAFE standards, promising $100 billion for US carmakers. The move could reshape global production plans and delay the electric transition for years.
Spanish pensions to rise sharply as inflation pushes forecasts higher
Spanish pensioners could see their payments jump by more than 3 percent in 2027. With inflation running hot, the final increase will depend on price trends through November. Here’s what the latest numbers mean for retirees.
Spain's fuel discounts face a 30 September deadline
Temporary fuel discounts are due to expire on 30 September 2026. The government must decide whether to extend or replace the support as petrol and diesel prices remain close to €2 per litre.
GWM targets rapid growth in Spain with seven new models
GWM is betting on a bold expansion in Spain, aiming for a three percent market share within three years. The company plans to introduce seven new models and build a robust dealer network despite rising tariffs on Chinese electric vehicles.
Córdoba roadmap puts food security at center
Ibero-American states have signed a shared agricultural roadmap in Córdoba. The agreement targets food security and rural opportunities while addressing climate change, market volatility and inequality.
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.
Spain Faces a Sharper Debt Bill as Bond Yields Surge
Spain's 10-year bond yield has climbed above 4%, reaching its highest level since 2013. The rise will make it more expensive for the Treasury to replace older, cheaper debt.
Maserati eyes electric revival with Chinese partnership
Maserati is in talks with Huawei and JAC to build two new electric cars. The Italian brand wants to turn around falling sales by tapping Chinese tech and production. No official deal yet.
Investors demand crisis-era returns on Western government debt
The 10-year US Treasury yield has moved above 5%, while European debt has crossed key thresholds. Fiscal pressure, inflation and geopolitical risks are pushing investors to demand more from governments.
Dani keeps Spain’s cheapest supermarket crown in 2026
Dani leads Spain’s cheapest supermarkets again. Families could save €1,310 a year by choosing carefully, while Madrid has the widest gap between stores.
Ford Almussafes faces crisis as production plummets
Ford’s Almussafes factory in Valencia is running at a fraction of its capacity, with taxpayers footing the bill to keep jobs alive. The plant’s future now hinges on delayed investment from China’s Geely.
Ibex 35 rises as Solaria rebounds and Repsol slides
Spain's Ibex 35 ended higher despite weaker GDP data and a late loss of momentum. Solaria jumped nearly 9% after its sharp fall, while Repsol dropped more than 2% as oil prices declined.
WiZink CEO leaves as Unicaja talks continue
Iheb Nafaa is leaving WiZink for personal reasons. President Joaquim Saurina will take over as the bank continues talks with Unicaja after another loss-making first half.
Spain's Growth Runs Into a Sharper Grocery Bill
Spain's economy grew by 0.7% in the second quarter and by 2.6% from a year earlier. Household spending and investment drove the rise, while fresh food prices climbed much faster than the average basket.
WiZink CEO Iheb Nafaa exits amid Unicaja talks
WiZink CEO Iheb Nafaa has left the bank for personal reasons. Chairman Joaquim Saurina will take over his functions as talks with Unicaja continue without a reported agreement.
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.
The Madrid eviction that exposed a small landlord
An 87-year-old woman has left her Madrid home after seven decades. The company behind the eviction says it is a small business. Its accounts and property strategy show a more complicated picture.
Joaquim Saurina takes executive control at WiZink
By August, WiZink's result had turned positive, according to bank sources, but the bank remains under pressure from legal claims and an open deal with Unicaja. Joaquim Saurina takes executive control after Iheb Nafaa's departure.
WiZink returns to profit before CEO exit
Iheb Nafaa is leaving WiZink for personal reasons after the bank returned to profit and strengthened its solvency. The change comes as WiZink discusses a possible card-business sale with Unicaja.
Basque pensions stay highest in Spain, but growth slows
Basque retirees get the biggest pensions in Spain, topping the national average by more than 300 euros. But growth in Euskadi is now among the slowest, raising new questions as the number of pensioners keeps rising.
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.
Spain weighs tariffs as Chinese electric cars take over the market
Chinese brands like Omoda and BYD are grabbing a big share of Spain’s car market, while local jobs and factories fall behind. The push for tariffs is heating up as Europe faces growing dependence on Chinese technology.
EQT puts its Parques Reunidos stake up for sale at €1.7 billion
EQT is preparing to sell its controlling stake in Parques Reunidos. JPMorgan will manage the process, which values the holding at about €1.7 billion.
INE Lowers Spain's Annual GDP Growth Forecast to 2.6%
Spain's economy grew 0.7% between April and June. The INE lowered annual GDP growth to 2.6%, while domestic demand kept the expansion going.
France and Morocco move ahead with new undersea power cable
France and Morocco are working on a high voltage undersea cable to link their power grids. This project could change how energy moves between Europe and North Africa, especially after Morocco’s failed UK deal.
Germany's Economic Model Faces Its Hardest Test
Germany's industrial engine is losing power as the AfD advances. The CDU is weakened, while pressure grows over jobs, energy and Europe's direction.
Spain's regulated gas tariff could rise by more than 50%
Spain's regulated gas tariff could rise by more than 50% in October. The final figure is due this month, but the Government has not said whether it will step in.
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.
Chinese car brands push Spanish auto sales back to pre-pandemic levels
Car sales in Spain have finally bounced back to pre-pandemic numbers, but the real shift is the fast rise of Chinese brands. The market is growing, but the winners are changing.
Housing Is Spain's Biggest Problem
Housing has become Spain's main concern, according to the monthly CIS survey. Prices have reached a record, the country faces a structural shortage of homes, and pressure is spreading beyond its biggest cities. The poll asks who should be held responsible.
Spain’s most popular used car in 2026 is nearly seventeen years old
Used cars are outselling new vehicles two to one in Spain. The top sellers are almost 17 years old, and diesel is still the favorite, raising new worries about safety and emissions.
Used electric car prices fall as new models shake up Spanish cities
Used car prices in Spain have dropped fast as new electric models and more stock hit the market. But most sales still involve old diesel and petrol cars, so the shift to cleaner vehicles is slow and uneven.
Ibex 35 slips as oil prices and bond yields rise
The Ibex 35 is moving away from 20,000 points again. Oil above 105 dollars and rising bond yields are bringing rate fears back, weighing on Solaria while Repsol gains.
Trump and Xi put Spanish car factories at risk with tariff showdown
The Trump-Xi summit in Washington has thrown Spain’s auto industry into doubt. With tariffs on Chinese electric cars and rare earths up for debate, thousands of Spanish factory jobs are now on the line.
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