Economy - Page 7
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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.
Electric cars hit 10% of new car sales in Spain
Electric vehicles now make up 10 percent of new car sales in Spain from January to August 2026. While Germany and France pull ahead, Spain and Italy are seeing slower but steady growth in electric adoption.
Drivers face sharp fuel price jump as state aid ends
Spanish motorists are bracing for a steep rise in fuel costs as state subsidies on gasoline and diesel expire at the end of September. With no confirmed extension, drivers are urged to refuel now to avoid paying even more at the pump in October.
Zegona sets aside €400 million for shareholders
Zegona plans to return €400 million to shareholders through dividends and share buybacks. The move follows a sharp recovery at Vodafone España and could further increase the value held by its top executives.
Vigo Port powers ahead as Spain’s top fishing and export hub
Vigo Port has bounced back with its best month this year. Fishing, vehicles, containers, and cruise traffic are all up, putting Vigo firmly at the front of Spain and Europe’s maritime trade.
Oil surge fails to knock Spain's Ibex 35 below 19,600
Spain's benchmark index stayed above 19,600 points despite another jump in oil prices. Repsol led the gains as Middle East tensions and uncertainty over a US diesel policy debate kept investors cautious.
Spanish drivers brace for fuel price jump as tax breaks expire
Spanish drivers are about to see fuel prices rise as government tax cuts end on September 30. With oil prices already unstable, filling up could get much more expensive in October, forcing many to decide whether to refuel now or risk paying more later.
Sánchez uses UN week to defend Spain's economic model
Pedro Sánchez presents Spain as a multilateral power at the UN, pointing to stronger growth and social protection. He also acknowledges the housing crisis and calls for tougher international rules on artificial intelligence.
Ignis IPO faces regulatory risk from Spain's data centre rules
A draft decree could unsettle Ignis before its planned market debut. The company wants €500 million to expand its data centre business in Spain.
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.
Japan considers charging motorcyclists by the kilometer
Japan may scrap its long-standing gasoline tax and switch to a per-kilometer charge for cars and possibly motorcycles. The idea has many who rely on vehicles for work and daily life worried about higher costs.
Madrid drivers face soaring costs as new car rules hit hard
Madrid’s crackdown on polluting cars has made owning a vehicle a costly gamble. With fines, parking fees, and shifting rules, driving in the capital is nothing like it was before.
Spain's Growth Faces an Inflation Test
The OECD expects Spain's economy to grow by 2.6% in 2026, but prices could rise faster than household incomes. In Galicia, shellfish sales have fallen sharply as pollution, lower salinity and climate change cut production.
Oil returns above $100 as Ibex 35 falls under market pressure
Brent has moved back above $100 as stocks retreat across Europe and the United States. Repsol is gaining, while Spanish renewable-energy shares face fresh selling.
Spain's Housing Shortfall Could Pass One Million by 2028
Spain may face a housing shortfall of more than one million homes by 2028. The Bank of Spain says demand is running ahead of supply, pushing home prices further beyond household incomes.
Spanish buyers pay over 50% more for electric cars than drivers in China
Spanish drivers shell out an average of 10,200 euros more for an electric car than buyers in China. Even with new budget models, the price gap stays wide, showing a deep split in the global EV market.
Toledo Used Car Fair brings over 500 vehicles to one site
Toledo’s annual used car fair is back, packing more than 500 vehicles and nearly every local dealer into one spot. Shoppers get a huge range of models, instant financing, and plenty of family activities all weekend.
Volkswagen slashes combustion car output as electric orders take the lead
Volkswagen has dropped planned extra shifts at its Wolfsburg plant after electric car orders in Germany pulled ahead of combustion models. The company is now counting on its Spanish factories to deliver the next wave of affordable EVs.
OECD raises Spain's 2026 growth forecast to 2.6%
The OECD has lifted its growth forecasts for Spain in 2026 and 2027, citing strong domestic demand. It also expects inflation to run higher than previously forecast.
OECD lifts Spain’s growth outlook but warns inflation is eating into family budgets
Spain is on track for stronger growth in 2026, with the OECD raising its forecast. But inflation is still running high, putting pressure on Spanish families’ wallets.
Diesel price surge hits Spanish drivers with record refueling costs
Spanish drivers now pay up to 30 euros more per tank as diesel prices jump. With over half the country’s cars running on diesel and most vehicles getting older, Spain faces some of the highest fuel costs in Europe.
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.
Spain opens fast track for Chinese companies as US and UK investment drops
Spain is setting up a fast track for Chinese firms, hoping to fill the gap as US and UK money dries up. The government will now handle all major investment approvals from Moncloa, promising faster decisions for big projects.
Europe faces record diesel costs as drivers pay the price
Diesel prices in Europe have jumped, hitting drivers and truckers with a daily bill of €203 million. The crisis shows how exposed Europe’s diesel-heavy vehicle fleet is—and raises urgent questions about the future of transport.
Ibex 35 stays above 19,750 after Trump's Iran remarks
Spain's main index rose 0.15% after Brent fell below 100 dollars. Trump's comments on Iran wiped out most of the Ibex 35's early gains, leaving the index near 19,754 points.
Spain faces a winter of higher energy and fuel bills
Spanish farmers, hauliers, industry and self-employed workers want aid extended before the current measures expire in September. Fuel and energy costs are already eating into household and business budgets.
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.
BYD closes in on 130 dealerships in Spain, eyes Andorra launch
BYD has added 11 new dealership groups in Spain and is about to open its first official showroom in Andorra. With nearly 30,000 vehicles sold by August, the brand is moving fast toward its expansion goals and putting pressure on established rivals.
Spanish car factories hire as electric and hybrid models take over
Spanish car plants are adding jobs and building more electrified cars, even though overall production is down from last year. New figures show electric and hybrid vehicles now make up a record share of what’s coming off the line.
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.
Fuel shortages in France force Spanish hauliers to rethink cross-border routes
Fuel shortages at French service stations are forcing Spanish transport companies to fill up before crossing the border. With diesel prices climbing and supply gaps on key routes, hauliers are changing how and where they refuel.
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.
Ibex 35 Faces a Key Test After Monday Rebound
The Ibex 35 opens at 19,724 points after rising 1.08% on Monday. A weaker euro and mixed signals from European and US markets leave the Spanish index facing another test.
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