An industrial relations showdown looms this week as Germany's powerful IG Metall union is seeking to gain control of the works council at US billionaire Elon Musk's Tesla plant outside Berlin.

U.S. stock futures fell sharply on Monday following Friday’s losses. Futures of the major benchmark indices were negative amid the ongoing Iran-U.S. conflict.

February registration data from France and Norway points to a steadier trend after two years of sliding sales, even as competition and Tesla’s smaller market share still loom.