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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Headlines

    Factbox-What plans have major automakers announced at the Munich auto show?

    Published by Global Banking and Finance Review

    Posted on September 8, 2025

    Featured image for article about Headlines

    (Reuters) -Prominent global automakers showcased their latest models at the Munich car show, including new EVs and lower-cost vehicles, as Europe's auto sector faces crises ranging from tariff hikes to rising costs and rivalry with Chinese firms on their home turf.

    Here are the announcements by some of the companies:

    STELLANTIS

    Franco-Italian carmaker Stellantis will no longer exclusively produce EVs as part of its target through 2030, Jean-Philippe Imparato, head of enlarged Europe and European brands, said.

    Imparato said EU carbon emissions targets for 2035 were no longer achievable for any carmaker, supporting Stellantis' decision not to restrict production just to EVs. 

    LEAPMOTOR

    Chinese EV maker Leapmotor unveiled the B05, a new hatchback described by CEO Zhu Jiangming as a sporty coupe, as competition heats up for affordable electric models.

    The B05 will be delivered in Europe from the second quarter of 2026 after its launch in China later this year, and will come in six colours. Pricing was not disclosed.

    TOGG

    The Turkish EV startup unveiled a new sedan as it launched sales in Europe starting with Germany. Togg announced the European launch of its T10X electric SUV, and unveiled the T10F, an electric five-door sedan.

    Orders for both vehicles will start in Germany at the end of September and pricing details were not disclosed.

    GAC

    China's Guangzhou Automobile Group (GAC) launched its Aion V electric SUV and said it would be sold in Poland, Portugal and Finland from this month, with more European markets to follow. The SUV will start at just under 36,000 euros.

    Next year, GAC will start selling the Aion UT, an electric crossover.

    (Writing by Bernadette Baum; Editing by Susan Fenton)

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