Economy - Page 8
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Spanish car production drops 26.9% as factories face tough year
Car production in Spain fell by 26.9% in August, deepening a year-long slump. Industry leaders say the downturn was expected, but the numbers show a sector under real pressure.
Spanish banks bring Bizum to the checkout
Bizum Pay is moving into everyday shopping across Spain. Major banks now let customers pay in physical stores without a card, while Banco Santander has yet to join the rollout.
Greenland security pact set for UN signing
Denmark and Greenland will sign a security agreement with the United States on Tuesday. The pact remains secret, but Copenhagen says it will not change sovereignty over the island.
Balearic PP calls for tax cuts as inflation hits 4.4%
Inflation in the Balearic Islands reached 4.4% in August, slightly above Spain's 4.3%. The PP wants lower energy taxes, relief on basic food and stronger transport compensation for the islands.
Pay Gap at Ibex-35 Companies Reaches 67 Times Employee Salaries
Executive pay moved further away from employee salaries at Spain's biggest listed companies. The gap reached 67 times in 2025, while three women executives shaped the gender figures at Ibex-35 firms.
Bizum Pay reaches 20 million users as Spanish banks widen access
CaixaBank, Bankinter and Unicaja have opened Bizum Pay to more customers. Nearly 20 million people can now use it in physical shops, with 1.6 million businesses connected to the service.
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.
Dacia Sandero tops Spanish sales as Moroccan factories take over production
The Dacia Sandero leads Spanish car sales in 2026, but nearly every unit now rolls out of Morocco. With over 98 percent built in Tangier and Casablanca, Spain’s favorite car is a North African export.
Santander targets young investors with 10-euro funds
Santander is widening its investment offer for customers under 30 in Spain. Funds start at 10 euros, trading fees drop to one euro, and free training plus a 50-euro incentive round out the campaign.
Diesel prices in Spain could hit record highs this autumn
Spanish drivers could soon see diesel at 2.40 euros per litre. With government aid ending and refineries closing, fuel costs may jump within weeks.
Wallbox shuts Texas plant and moves all production to Barcelona
Wallbox has stopped making chargers in Texas and now builds everything in Barcelona. After a year of big losses and rising debt, the company is fighting to survive. What does this mean for Wallbox and the EV industry?
Spain’s cheapest petrol stations: Where to fill up for less right now
Fuel prices are still hitting Spanish drivers hard after a busy weekend on the roads. Here are the five cheapest places to buy petrol and diesel in Spain today, plus simple tips to help your fuel last longer.
Leapmotor B10 faces real production test at Stellantis Figueruelas
The Leapmotor B10 isn’t rolling out of Spanish factories for buyers yet. Only test cars have left Stellantis Figueruelas so far. The real push for European production and pricing starts this autumn.
Diesel Costs Surge 68% Before Tax Since Iran War Began
Diesel has risen 68% before tax since the war began. Tax relief has softened the increase for drivers, but transport groups are demanding fresh support before the current measures expire.
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.
Dacia Sandero stays on top as electrified car sales jump in Spain
Car sales in Spain rose 11.7% in March 2026, driven by a surge in electrified and hybrid models. Dacia Sandero led the pack, Toyota topped the brands, and Chinese cars made new gains.
Sánchez attacks PP and Vox over Ceuta crisis response
Pedro Sánchez has pledged fresh funding for Ceuta, including direct aid for small businesses and self-employed workers from October. He accused PP and Vox of seeking political images instead of helping solve the crisis.
Renault urges EU to halt new car rules for a decade
Renault’s CEO wants the EU to stop adding new car rules for ten years, warning that rising costs are making vehicles less affordable. The company says slowing down regulation is key for European carmakers to stay competitive.
ERC calls for control over Barcelona airport expansion
ERC wants Barcelona airport expansion halted. Diana Riba is calling for Catalonia to control future investment and put rail ahead of further tourism-led growth.
Electric car sales jump in Aragón as buyers turn to new options
New car registrations in Aragón have shot up this year, with electric and hybrid models leading the way. Rising fuel prices and government incentives are changing how people in the region buy cars.
Old cars pump out nearly half of Spain’s vehicle emissions
A major study finds that cars over 15 years old now cause 43 percent of Spain’s vehicle emissions. Slow fleet renewal and low scrappage rates are making the problem worse for both the environment and the economy.
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 sparks record jump in Spanish electric car sales
Electric car sales in Spain shot up 73 percent in September. Tesla leads the charge, Chinese brands are catching up fast, and battery prices are falling below key levels.
Spanish right stalls as internal fights block urgent reforms
Spain’s right-wing parties are tangled in infighting while the country faces deepening economic and social problems. With no coordination, key reforms stall and voters are left waiting for answers.
China changes the rules of global trade as Europe scrambles to keep up
China’s rise as an economic giant has forced Europe to rethink its game plan. Salvador Beltrán breaks down how China’s system, population control, and focus on education have shifted the balance—and what this means for European industries.
Travel insurance grows as tourists prepare for a riskier journey
Travel insurance is growing by around 5% a year as war risks, natural disasters and transport failures change what tourists expect. Heymondo forecasts a 40% rise in premiums and says it will insure more than two million travellers this year.
Chinese car giants reshape Spanish factories in electric race
Chinese automakers are moving in. BYD, Geely, Chery, MG, CATL, and Leapmotor are setting up production and battery plants in Spain, sidestepping EU tariffs and changing the face of the country’s car industry.
Galician Industry Turns to Asia as Imports Surpass the Americas
Galicia is shifting its focus east. Imports from Asia have now overtaken those from the Americas, with textiles and cars leading the way. The regional government is doubling down on new partnerships and business opportunities.
La Palma Still Lives With Tajogaite Five Years Later
Five years after the Tajogaite eruption, dozens of families are still living in temporary housing. Rising property prices, slow reconstruction and tightly controlled returns continue to prolong the crisis across La Palma.
Feijoo puts Ceuta and Melilla at the heart of his 2027 plan
Alberto Núñez Feijoo has pledged an integrated strategy for Ceuta and Melilla, including weekly Cabinet attention for both cities. Support from Brussels gives the proposal a broader European framework.
Zaragoza airport to launch 20 new routes, connecting 15 countries by 2027
Zaragoza airport is set for a major expansion, with 20 new routes to 15 countries launching in March 2027. Supported by €8.8 million in public funding, the initiative seeks to elevate the city’s status in European aviation.
Buying a New Car in Spain Now Demands Fewer Workdays Than in 1975
A detailed comparison reveals that Spaniards today need fewer days at minimum wage to afford a basic new car than in 1975. Yet the rising cost of living and delayed entry into the workforce complicate the picture.
Lagarde revives speculation about an early ECB departure
Christine Lagarde has again refused to rule out leaving the ECB before her mandate ends. Spain is positioning itself for the succession contest, with Pablo Hernández de Cos among the leading names.
Electric car sales surge as Spain falls behind in production
Electric vehicles are breaking sales records worldwide and gaining ground in Spain. Yet Spain’s manufacturing output is slipping and the country remains far from its 2030 electrification goals. The gap between ambition and reality is growing.
BYD considers Spain for next European electric vehicle plant
BYD is close to choosing Spain as a finalist for its next European factory, a move that could significantly boost the country’s role in electric vehicle manufacturing. The decision is still pending, but competition among Chinese brands for Spanish production is intensifying.
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