For a long time, talking about electric cars meant talking about a Tesla. But that has changed. Elon Musk's baby is no longer the only vehicle in the e-car race. Competition is revving up, in China and elsewhere.
The automotive industry is coming under increasing pressure worldwide due to a growing focus on electric mobility, autonomous driving and digital services. Competition from China is also on the rise.
Auto industry executives gathering this week for the Paris Motor Show see plenty of reasons to worry: from global trade tensions to challenges posed by e-cars and stringent emissions targets. Janelle Dumalaon reports.
BMW is following in the footsteps of its German rivals like Mercedes and Audi by investing a billion euros in a new plant in Hungary. The Central European country has become an attractive location for German carmakers.
China has announced it will steeply reduce import duties for both automobiles and car parts. Beijing is opening up the world's largest auto market amid an easing of tensions with the United States.
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