#european-market

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#ford

Ford cuts 4,000 jobs in Europe amid weak demand for EVs and rising competition

Ford is cutting 4,000 jobs in Europe due to significant losses and rising competition, especially in the EV market.

Volkswagen EV Collapse a Warning to Ford

Volkswagen faces significant challenges in transitioning to electric vehicles due to a weak European market, similar to issues faced by Ford in the US.

Ford to Cut 4,000 Jobs in Europe as Electric Vehicle Sales Slow

Ford is restructuring its European operations due to slowing EV demand and rising competition.
The automaker will cut 4,000 jobs and reduce production in response to market challenges.

Ford retracts in Europe with layoffs and lower EV production

Ford plans to cut 4,000 jobs in Europe amid challenges in the EV market and competition from Chinese automakers.

Ford cuts 4,000 jobs in Europe amid weak demand for EVs and rising competition

Ford is cutting 4,000 jobs in Europe due to significant losses and rising competition, especially in the EV market.

Volkswagen EV Collapse a Warning to Ford

Volkswagen faces significant challenges in transitioning to electric vehicles due to a weak European market, similar to issues faced by Ford in the US.

Ford to Cut 4,000 Jobs in Europe as Electric Vehicle Sales Slow

Ford is restructuring its European operations due to slowing EV demand and rising competition.
The automaker will cut 4,000 jobs and reduce production in response to market challenges.

Ford retracts in Europe with layoffs and lower EV production

Ford plans to cut 4,000 jobs in Europe amid challenges in the EV market and competition from Chinese automakers.
moreford

Huawei aims to win European hearts again with OceanStor Dorado

Huawei's OceanStor Dorado presents a strong all-flash storage alternative for European companies, emphasizing performance and AI readiness despite political challenges.
#fintech

Abu Dhabi's Mubadala acquires stake in Revolut, valuing the fintech at $45B - Silicon Canals

Mubadala invests in Revolut, valuing it at $45B, marking a strategic move into European fintech.

Kraken, Tether-Backed Dutch Firm Rolls Out MiCA-Compliant Euro, U.S. Dollar Stablecoins

Quantoz aims to capture the European stablecoin market with regulatory-compliant tokens pegged to the euro and U.S. dollar.

UK's 13books Capital closes 144M fintech fund - Silicon Canals

European fintech-focused fund closed at £121M to support Seed to Series A stages. Strong start with 5 investments in 6 months, aiming to empower next-gen fintech disruptors.

Chift lets SaaS companies integrate with dozens of financial tools with a unified API | TechCrunch

Chift provides unified APIs for fintech startups to manage integrations, enabling compatibility with various financial tools.

Abu Dhabi's Mubadala acquires stake in Revolut, valuing the fintech at $45B - Silicon Canals

Mubadala invests in Revolut, valuing it at $45B, marking a strategic move into European fintech.

Kraken, Tether-Backed Dutch Firm Rolls Out MiCA-Compliant Euro, U.S. Dollar Stablecoins

Quantoz aims to capture the European stablecoin market with regulatory-compliant tokens pegged to the euro and U.S. dollar.

UK's 13books Capital closes 144M fintech fund - Silicon Canals

European fintech-focused fund closed at £121M to support Seed to Series A stages. Strong start with 5 investments in 6 months, aiming to empower next-gen fintech disruptors.

Chift lets SaaS companies integrate with dozens of financial tools with a unified API | TechCrunch

Chift provides unified APIs for fintech startups to manage integrations, enabling compatibility with various financial tools.
morefintech
#consumer-behavior

Charts: Ecommerce in Europe 2024

B2C ecommerce sales in Europe will grow 8% in 2024, reaching €958 billion.

Embracing the future of financial services

The European Embedded Finance market is projected to reach €180 billion by 2028.

Charts: Ecommerce in Europe 2024

B2C ecommerce sales in Europe will grow 8% in 2024, reaching €958 billion.

Embracing the future of financial services

The European Embedded Finance market is projected to reach €180 billion by 2028.
moreconsumer-behavior
#electric-vehicles

Chinese Automakers' Answer to E.U. Tariffs: Build in Europe

BYD is establishing the first European assembly plant in Hungary amidst potential EU tariff increases on Chinese electric vehicles.

Is China cannibalising the EU car industry?

Germany's position as Europe's car capital is at risk due to labor issues at Volkswagen and competition from cheaper Chinese electric vehicles.

BMW Takes Down Tesla: More EVs Sold In Europe

BMW outsold Tesla in July 2023 in the European electric vehicle market, marking a significant shift in competition.

Plug-In Car Sales In Europe Increased 11% In April 2024

Electric car sales in Europe grew by 11% in April, with plug-in vehicles holding 20% of the market and hybrids being the fastest-growing segment.

Is Elon Musk behind Tesla's faltering sales?

BMW surpassed Tesla in European EV sales this month, yet Tesla's Model Y remains a strong leader globally.

Nio developing AI to test EV batteries in real-time

Nio is developing an AI with Monolith to improve EV battery performance in real-time.

Chinese Automakers' Answer to E.U. Tariffs: Build in Europe

BYD is establishing the first European assembly plant in Hungary amidst potential EU tariff increases on Chinese electric vehicles.

Is China cannibalising the EU car industry?

Germany's position as Europe's car capital is at risk due to labor issues at Volkswagen and competition from cheaper Chinese electric vehicles.

BMW Takes Down Tesla: More EVs Sold In Europe

BMW outsold Tesla in July 2023 in the European electric vehicle market, marking a significant shift in competition.

Plug-In Car Sales In Europe Increased 11% In April 2024

Electric car sales in Europe grew by 11% in April, with plug-in vehicles holding 20% of the market and hybrids being the fastest-growing segment.

Is Elon Musk behind Tesla's faltering sales?

BMW surpassed Tesla in European EV sales this month, yet Tesla's Model Y remains a strong leader globally.

Nio developing AI to test EV batteries in real-time

Nio is developing an AI with Monolith to improve EV battery performance in real-time.
moreelectric-vehicles
#automotive-design

I saw the Tesla Cybertruck for the first time. It blew my tiny European mind.

Tesla's Cybertruck, with its striking design, has yet to become available in Europe a year after its release.

The New Ford Explorer May Be The Best Volkswagen EV Yet

The Ford Explorer EV is impressively unique and well-constructed, offering good performance and an established presence in Europe.

I saw the Tesla Cybertruck for the first time. It blew my tiny European mind.

Tesla's Cybertruck, with its striking design, has yet to become available in Europe a year after its release.

The New Ford Explorer May Be The Best Volkswagen EV Yet

The Ford Explorer EV is impressively unique and well-constructed, offering good performance and an established presence in Europe.
moreautomotive-design

Microsoft accuses Google of 'shadow campaign' to influence cloud regulation in Europe | TechCrunch

Microsoft accuses Google of covertly undermining Azure through an astroturf group to influence European cloud policy.
#tesla-semi

Elon Musk Still Sees The Tesla Semi As A Global Product

Musk envisions the Tesla Semi as a global product, with a focus on European market adaptations.

Tesla Semi Fleet Traveled Nearly 5 Million Miles, One Has 250,000 Miles On The Clock

Tesla's Semi has covered over 4.6 million miles in less than two years, showcasing its capabilities and efficiency at the IAA Transport trade show.

Elon Musk Still Sees The Tesla Semi As A Global Product

Musk envisions the Tesla Semi as a global product, with a focus on European market adaptations.

Tesla Semi Fleet Traveled Nearly 5 Million Miles, One Has 250,000 Miles On The Clock

Tesla's Semi has covered over 4.6 million miles in less than two years, showcasing its capabilities and efficiency at the IAA Transport trade show.
moretesla-semi
#startup-funding

Redalpine announces new 179M fund and new London office

Redalpine secures $200M fund to empower innovative startups, marking a milestone in nearly two decades of investment.

European cyber insurance startup Stoik secures $27 million | TechCrunch

Stoïk is a startup offering cyber insurance specifically for small and medium-sized European businesses to mitigate cyber risk effectively.

Redalpine announces new 179M fund and new London office

Redalpine secures $200M fund to empower innovative startups, marking a milestone in nearly two decades of investment.

European cyber insurance startup Stoik secures $27 million | TechCrunch

Stoïk is a startup offering cyber insurance specifically for small and medium-sized European businesses to mitigate cyber risk effectively.
morestartup-funding
#mcdonalds

Mon Dieu! McDonald's puts Beyond Meat's plant-based McNuggets on French menu

McDonald's is permanently adding Beyond Meat's plant-based chicken McNuggets to its French menu, responding to the rise in vegetarianism and flexitarianism.

McDonald's introduces 10 new items on average in each European market

McDonald's European success arises from local menu adaptations rather than core American products, enabling cultural resonance and acceptance.

Mon Dieu! McDonald's puts Beyond Meat's plant-based McNuggets on French menu

McDonald's is permanently adding Beyond Meat's plant-based chicken McNuggets to its French menu, responding to the rise in vegetarianism and flexitarianism.

McDonald's introduces 10 new items on average in each European market

McDonald's European success arises from local menu adaptations rather than core American products, enabling cultural resonance and acceptance.
moremcdonalds
#electric-buses

Taking a bus-addict alien to IAA Hannover... - Sustainable Bus

Chinese manufacturers are significantly increasing their presence in the European bus market as showcased at IAA Transportation 2024.

JBM: new e-bus for Europe coming in March, updated e-coach expected at Busworld 2025

JBM Group is launching a new electric city bus in Europe, first in Germany, by March-April next year.

Taking a bus-addict alien to IAA Hannover... - Sustainable Bus

Chinese manufacturers are significantly increasing their presence in the European bus market as showcased at IAA Transportation 2024.

JBM: new e-bus for Europe coming in March, updated e-coach expected at Busworld 2025

JBM Group is launching a new electric city bus in Europe, first in Germany, by March-April next year.
moreelectric-buses
#startups

She sat down in the COVID Lockdown and started coding - now she's taking on Bolt | TechCrunch

Simpler streamlines e-commerce checkouts for European merchants, addressing diverse local needs and enhancing conversion rates amid significant market growth.
The rise of Simpler marks a response to the unique challenges faced by European e-commerce, differentiating from US-centric platforms.

Varsity is a new early stage VC fund based in Paris | TechCrunch

Stealth VC firm Varsity has announced its first fund, raising €70 million ($75 million) to back early stage startups in Europe.
Varsity hopes to raise a total of €150 million ($161 million) for Varsity I and plans to invest in 30 startups across various verticals.
Founding members include former Société Générale executive Didier Valet and VC investors Kamel Zeroual and Florent Thomas.

She sat down in the COVID Lockdown and started coding - now she's taking on Bolt | TechCrunch

Simpler streamlines e-commerce checkouts for European merchants, addressing diverse local needs and enhancing conversion rates amid significant market growth.
The rise of Simpler marks a response to the unique challenges faced by European e-commerce, differentiating from US-centric platforms.

Varsity is a new early stage VC fund based in Paris | TechCrunch

Stealth VC firm Varsity has announced its first fund, raising €70 million ($75 million) to back early stage startups in Europe.
Varsity hopes to raise a total of €150 million ($161 million) for Varsity I and plans to invest in 30 startups across various verticals.
Founding members include former Société Générale executive Didier Valet and VC investors Kamel Zeroual and Florent Thomas.
morestartups

Amsterdam's Return acquires majority stake in Germany's J&P Batterie Projekte for 50M: Know more - Silicon Canals

Return has acquired J&P to enhance its footprint in Germany's renewable energy market and address energy storage challenges.

Habas prepares entry into European bus market

Habas is entering the bus market, focusing on both European and CIS markets while producing various eco-friendly bus models.

Why an ostrich is showing up on MLB batting helmets

MLB introduces its first ads on batting helmets with Strauss as the official workwear partner, marking a new era for sports branding.

Go outside: 7 ways to get started with DOOH advertising

Digital out-of-home advertising is projected to significantly grow in Europe, becoming a major component of advertising strategies.

E-bike maker Cowboy raises a small funding round as it targets profitability next year | TechCrunch

Cowboy has secured €5 million in funding, focusing on growing its supplier diversity while moving towards profitability.
from Hackernoon
1 year ago

Ferrari Drives into Europe: Will Now Be Accepting Bitcoin and Crypto Payments | HackerNoon

Ferrari is expanding cryptocurrency payment options to European dealerships, starting July 2023, after a successful launch in the United States.

The British Have Finally Learned to Love Peanut Butter

Peanut butter has become increasingly popular in Britain, with diverse offerings available in grocery stores and restaurants.

Amsterdam's TBAuctions acquires Surplex - Silicon Canals

TBAuctions acquired Surplex, expanding into new markets and strengthening their presence in Europe's industrial auction sector.

Elon Musk's backing of Donald Trump is hurting Tesla's struggling EV business in Europe

Elon Musk's support for Trump is impacting Tesla in Europe, with businesses like Rossmann suspending purchases due to mismatch in values.
#evs

Volkswagen's Most Affordable EV Could Make the $27K ID.2 Feel Pricey

Volkswagen is working on introducing truly affordable EVs like the rumored ID.1 priced at around $21,500 for the European market.

Chinese firms win record 11% EV share in Europe as buyers rush to beat tariffs

Chinese carmakers secured 11% of European EV market in June due to pre-tariff rush.

Volkswagen's Most Affordable EV Could Make the $27K ID.2 Feel Pricey

Volkswagen is working on introducing truly affordable EVs like the rumored ID.1 priced at around $21,500 for the European market.

Chinese firms win record 11% EV share in Europe as buyers rush to beat tariffs

Chinese carmakers secured 11% of European EV market in June due to pre-tariff rush.
moreevs

Here's What It Takes To Buy And Register A Tesla Cybertruck In Europe

Tesla Cybertruck successful in US but challenges in Europe.

Renault's 'Horse' Spinoff Wants To Bring Extended-Range EVs To Europe

EREVs are re-emerging in the market, with Renault's Horse aiming to fill the gap left by the discontinuation of the BMW i3 in the EU.

Volkswagen's strategy for EV interest: start with the price tag

Volkswagen plans to launch entry-level affordable electric vehicles in Europe to enhance adoption and become a major player in the EV market.

The Sub-$21,500 BYD Seagull Is Coming For Europe

BYD Seagull, an affordable Chinese EV, enters Europe next year, challenging legacy brands with premium features and competitive pricing.

Jolla debuts privacy-focused AI hardware | TechCrunch

Jolla launches privacy-focused AI device Mind2 with emphasis on working software.

Hyperscaler data center expansion can't keep up with AI-fueled demand

Data center space failed to meet demand in Europe in 2023 due to larger facilities required by hyperscalers, leading to a shortage of available power and AI-appropriate facilities.

Macron calls proposed EU-Mercosur trade pact very bad deal' lacking strong climate commitments

Macron criticizes EU-Mercosur trade deal for lacking climate considerations
France expresses reservations on trade deal due to concerns about agricultural imports
from Kotaku
7 months ago

Some Publishers Reportedly Not Sure Why They Should Keep Supporting Xbox

Xbox sales declining in Europe, leading to doubts among third-party publishers
Some major companies questioning the effort of supporting Xbox consoles vs PC and PS5

Logpoint targets fresh growth opportunities under new CEO Mikkel Drucker

Logpoint appoints Mikkel Drucker as new CEO to drive growth and transformation.

AI chip battleground shifts as software takes centerstage

Chipmakers prioritize acquiring advanced AI software capabilities to complement hardware strengths.

Hyundai Inster: Entry-Level EV Goes After Dacia Spring In Europe

Hyundai Inster is an A-segment electric city car for Europe, competing with Dacia Spring, offering extended wheelbase, improved interior room, and two battery options.

Moto G85 quietly unveiled in Europe

Motorola unveiled the G85 for the Chinese market, while simultaneously listing it as Moto G85 in Europe with Snapdragon 6s Gen 3.

Amazon extends generative AI-powered product listings to Europe | TechCrunch

Amazon introduces generative AI tools for sellers in European countries to enhance product listings.

Our test drive with the Yutong U18 articulated e-bus [VIDEO] - Sustainable Bus

The Yutong U18 is an electric articulated bus model designed for the European market, offering a high passenger capacity and significant power output.

Finland's B2B distribution firm Droppe raises 3.9M for its Source-to-Order platform - Silicon Canals

Droppe, a Finnish B2B distribution company, secured a €3.9M funding round led by OpenOcean, aiming to revolutionize B2B sales with a Source-to-Order platform.

IAB Europe AdEx Benchmark Report 2023 Reveals Exceptional Strength & Growth of Digital Advertising in Europe

European digital ad market reached a record high of €96.9bn, showing 11.1% growth despite economic challenges.

China's electric vehicle makers face uphill battle in Europe DW 06/11/2024

Chinese electric vehicles flooding European market face anti-subsidy probes and potential import tariffs.
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