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Can flood of cheap new EVs coming to Europe save its carmakers?

www.theguardian.com 31-12-2024 05:00 1 Minutes reading

Analysts argue 2024 is minor blip and that lobbying for relaxation of rules could harm industry in long term

Affordable new electric family cars – particularly those that are EU-made – have been tough to come by in Europe for the past few years. There were no launches of homegrown electric models for less than €25,000 (£20,740) across the EU during 2022 and 2023, according to the campaign group Transport & Environment.

Yet in the past few months that has changed, with a rush of new cars ranging from the Fiat Grande Panda to the Citroën ë-C3, the Hyundai Inster to the latest Dacia Spring and the Renault 5. Suddenly, buyers have options.

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New year, new deal: the buyout boom poised to take...
05.01.25 07:00
by theguardian.com

New year, new deal: the buyout boom poised to take over City lawyers’ lives

Around-the-clock work will be commonplace to tackle an M&A surge fuelled by tax changes, activist investors … and the Trump factor

Whether they’re on skis or a sunlounger, there is no beach, mountain or fireside that can spare lawyers from the urgent calls of zealous, dealmaking executives and private equity bosses. After a breathless 2024, the City’s army of corporate lawyers are set for another year of masking their poolside backgrounds on video calls, braced for an even busier 2025.

“Sadly, we were incredibly busy in July and August. We were both on holiday and working up to 14 hours a day,” says Patrick Sarch, partner at law firm White & Case and head of its public mergers and acquisitions (M&A) division. He and Sonica Tolani, another partner at the same firm, specialise in advising activist investors.

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