FRANKFURT -- Europe's five biggest automakers reported falling profits for the first half due to weak demand for electric vehicles, cost competition from China and ballooning research and development costs.
Automobiles
VW, other European carmakers weighed down by EVs, China and R&D
Stellantis sees 48% profit drop in first half, BMW places hopes on Mini Aceman
Volkswagen, Stellantis, Renault, BMW and Mercedes reported first half net profits that were down from a year earlier. (Photo by Nikkei)
Read Next
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
Latest on Automobiles
