Germany’s automotive industry association warned that another 125,000 jobs could disappear from the country’s car sector by 2035 unless major policy and competitiveness changes are made.

Chinese electric vehicle (EV) maker Leapmotor announced on Monday that it expects to sell more than 4 million vehicles annually within the next decade, CEO Zhu Jiangming said.

Volkswagen Group announced a 7% decline in global deliveries for the third quarter, highlighting the significant challenges facing Europe's automotive sector.