Tag #Automotive Industry

Showing 109 to 120 of 403 results

forbes.com

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Feb 28, 16:10

BYD's Success in China: A Model for Western Car Companies

BYD, a Chinese electric vehicle manufacturer, has overtaken Western competitors in the Chinese market by strategically leveraging institutional voids, demonstrating three key organizational capabilities: sensing, seizing, and transforming, which Western firms must emulate to remain competitive.

BYD's Success in China: A Model for Western Car Companies

BYD, a Chinese electric vehicle manufacturer, has overtaken Western competitors in the Chinese market by strategically leveraging institutional voids, demonstrating three key organizational capabilities: sensing, seizing, and transforming, which Western firms must emulate to remain competitive.

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Industry, Innovation, and Infrastructure

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How has BYD's strategic exploitation of institutional voids in the Chinese market enabled it to outcompete major Western automotive firms?

BYD, a Chinese electric vehicle manufacturer, has surpassed leading Western car companies in its home market by leveraging institutional voids—weaknesses in formal and informal institutions—to its advantage. This involved adapting to a rapidly changing regulatory environment and aligning with the Chinese government's industrial goals, resulting in significant market share gains and global expansion.

welt.de

🌐 75% Global Worthiness

Feb 27, 19:14

European Automakers Push Electric Vehicle Range with Efficiency Advancements

European automakers like Mercedes-Benz and BMW are developing new EV platforms focusing on energy efficiency, aiming for consumption as low as 12 kWh/100km and range increases up to 750km through advancements in electric motors, power electronics, and recuperation systems.

European Automakers Push Electric Vehicle Range with Efficiency Advancements

European automakers like Mercedes-Benz and BMW are developing new EV platforms focusing on energy efficiency, aiming for consumption as low as 12 kWh/100km and range increases up to 750km through advancements in electric motors, power electronics, and recuperation systems.

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Climate Action

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What are the key technological advancements driving the increase in electric vehicle range?

European automakers are developing new vehicle platforms to significantly reduce electricity consumption in electric vehicles (EVs). Mercedes-Benz aims for 12 kWh per 100 kilometers, enabling a range of up to 750 kilometers, while BMW targets a 25% efficiency increase, extending the range of a comparable model by 100 kilometers with the same battery size.

spanish.china.org.cn

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Feb 26, 10:09

Shanghai Port Leads World in Ro-Ro Vehicle Shipments

Shanghai port surpassed all others in 2024 with 3.63 million Ro-Ro vehicles, a 15% increase, driven by China's 19.3% rise in vehicle exports (5.859 million units) and high global demand for its NEVs, despite some trade barriers.

Shanghai Port Leads World in Ro-Ro Vehicle Shipments

Shanghai port surpassed all others in 2024 with 3.63 million Ro-Ro vehicles, a 15% increase, driven by China's 19.3% rise in vehicle exports (5.859 million units) and high global demand for its NEVs, despite some trade barriers.

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How does the surge in Chinese vehicle exports, particularly NEVs, contribute to the growth of Ro-Ro port capacity in China?

China's expanding Ro-Ro port capacity directly supports its surging vehicle exports, particularly New Energy Vehicles (NEVs). The success is attributed to high global demand for Chinese NEVs despite trade protectionism in some markets. Multiple Chinese ports, not just Shanghai, are expected to rise in Ro-Ro rankings.

arabic.euronews.com

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Feb 26, 22:09

EU Car Registrations Fall in January 2025 Despite Electric Vehicle Surge

Passenger car registrations in the EU fell by 2.6% year-over-year in January 2025 to 831,201 units, driven by decreased demand in France and Italy; however, battery electric vehicle registrations surged by 34%, reaching 15% market share, while gasoline car registrations decreased by 18.9%.

EU Car Registrations Fall in January 2025 Despite Electric Vehicle Surge

Passenger car registrations in the EU fell by 2.6% year-over-year in January 2025 to 831,201 units, driven by decreased demand in France and Italy; however, battery electric vehicle registrations surged by 34%, reaching 15% market share, while gasoline car registrations decreased by 18.9%.

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What were the key factors influencing the overall decline in passenger car registrations across the European Union in January 2025?

The European Union saw a 2.6% year-over-year decline in passenger car registrations in January 2025, totaling 831,201 units. This decrease is attributed to lower demand in major countries like France and Italy, with Paris and Rome experiencing declines of 6.2% and 5.8%, respectively. However, Madrid registered a 5.3% increase.

faz.net

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Feb 25, 22:12

Porsche Appoints New CFO and Sales Chief Amidst Restructuring

Porsche announced Jochen Breckner as the new CFO and Matthias Becker as the new sales chief, replacing Lutz Meschke and Detlev von Platen, respectively, due to a sales slump in China and internal power struggles; the company also announced restructuring measures, including job cuts and revised produ...

Porsche Appoints New CFO and Sales Chief Amidst Restructuring

Porsche announced Jochen Breckner as the new CFO and Matthias Becker as the new sales chief, replacing Lutz Meschke and Detlev von Platen, respectively, due to a sales slump in China and internal power struggles; the company also announced restructuring measures, including job cuts and revised produ...

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Decent Work and Economic Growth

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How did the personal issues involving Detlev von Platen's wife contribute to the leadership crisis at Porsche?

The changes in Porsche's leadership are a direct response to declining sales, particularly in the crucial Chinese market. Von Platen's dismissal is attributed to his delayed response to this crisis, compounded by personal issues involving his wife's social media activity. Meschke's removal stems from his ambition to replace Blume and potential conflict of interest regarding the Porsche SE.

forbes.com

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Feb 24, 01:08

Elimination of $7,500 EV Tax Credit Could Cripple U.S. Electric Vehicle Sales

The $7,500 federal tax credit significantly impacts the affordability of electric vehicles (EVs) in the U.S., with an average transaction price of $55,544 in December 2024, compared to $49,740 for gas-powered vehicles. Recent proposals in Congress to eliminate this credit could substantially impact ...

Elimination of $7,500 EV Tax Credit Could Cripple U.S. Electric Vehicle Sales

The $7,500 federal tax credit significantly impacts the affordability of electric vehicles (EVs) in the U.S., with an average transaction price of $55,544 in December 2024, compared to $49,740 for gas-powered vehicles. Recent proposals in Congress to eliminate this credit could substantially impact ...

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Affordable and Clean Energy

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How would the removal of the EV tax credit affect both consumers and automakers?

The elimination of the $7,500 federal EV tax credit would significantly impact EV affordability and sales growth. Analysts predict a considerable slowdown in EV sales, as the credit accounts for roughly 15% of the average EV transaction price. This would disproportionately affect buyers for whom the credit is crucial for affordability.

lefigaro.fr

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Feb 28, 13:11

Stellantis CEO's €12 Million Severance Package After Profit Drop

Stellantis's former CEO, Carlos Tavares, received a €12 million severance package (€2 million severance and €10 million bonus) after his December 1st, 2024 departure, reflecting the company's halved profit margins in 2024, despite his total 2024 compensation reaching €23.1 million.

Stellantis CEO's €12 Million Severance Package After Profit Drop

Stellantis's former CEO, Carlos Tavares, received a €12 million severance package (€2 million severance and €10 million bonus) after his December 1st, 2024 departure, reflecting the company's halved profit margins in 2024, despite his total 2024 compensation reaching €23.1 million.

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What were the primary components of Tavares's 2024 compensation, and how did they contribute to the overall figure?

Tavares's compensation included a €2 million fixed salary and €21.1 million in variable bonuses tied to company performance. The significant reduction in his 2024 compensation reflects Stellantis's decreased profitability, resulting in his removal. This contrasts with earlier press reports suggesting a much higher severance package.

corriere.it

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Feb 27, 19:14

Germany Rejects EU Tariffs on Chinese Vehicles, Sparking Debate on European Economic Strategy

Germany opposes EU tariffs on Chinese vehicles to avoid harming European interests, unlike Italy which supported them due to a perceived trade deficit with China; this difference highlights divergent economic strategies and impacts job creation and competitiveness in the electric vehicle sector.

Germany Rejects EU Tariffs on Chinese Vehicles, Sparking Debate on European Economic Strategy

Germany opposes EU tariffs on Chinese vehicles to avoid harming European interests, unlike Italy which supported them due to a perceived trade deficit with China; this difference highlights divergent economic strategies and impacts job creation and competitiveness in the electric vehicle sector.

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Decent Work and Economic Growth

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How did the EU's tariffs on Chinese vehicles impact Italy's economic prospects, specifically regarding potential investments and job creation?

The EU's tariffs on Chinese vehicles, intended to curb imports, risk backfiring, harming European automakers facing a two-decade technology gap in electric vehicles, and impacting export competitiveness. Germany's opposition underscores the economic stakes involved, contrasting with Italy's belief in a trade deficit.

theglobeandmail.com

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Feb 26, 13:09

Canada's Auto Industry: Not a Threat to the U.S.

President Trump's belief that Canada's automotive industry poses a threat to the U.S. is unfounded, as evidenced by a $6.5-billion Canadian deficit in auto parts with the U.S. in 2024 and significantly lower Canadian vehicle production than U.S. sales in Canada; imposing tariffs would harm both coun...

Canada's Auto Industry: Not a Threat to the U.S.

President Trump's belief that Canada's automotive industry poses a threat to the U.S. is unfounded, as evidenced by a $6.5-billion Canadian deficit in auto parts with the U.S. in 2024 and significantly lower Canadian vehicle production than U.S. sales in Canada; imposing tariffs would harm both coun...

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What are the key factual inaccuracies underlying President Trump's perception of Canada as a threat to the U.S. automotive industry?

President Trump's perception of Canada as a threat to the U.S. automotive industry is based on misunderstandings. In 2024, Canada had a $6.5-billion deficit with the U.S. on auto parts, and Canadian vehicle production is significantly lower than U.S. vehicle sales in Canada.

theglobeandmail.com

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Feb 26, 16:11

Tariffs Threaten to Inflate Used Car Prices in Canada

AutoTrader's survey shows potential tariffs are affecting 47% of car buyers' decisions, with 30% planning to switch to used vehicles; however, reduced new car sales from 2020-2023 have created a limited supply of used vehicles, potentially increasing prices.

Tariffs Threaten to Inflate Used Car Prices in Canada

AutoTrader's survey shows potential tariffs are affecting 47% of car buyers' decisions, with 30% planning to switch to used vehicles; however, reduced new car sales from 2020-2023 have created a limited supply of used vehicles, potentially increasing prices.

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How will the potential imposition of tariffs on new vehicles impact consumer demand in the used car market, and what are the immediate consequences?

AutoTrader's research reveals that potential tariffs on new vehicles are causing 47% of surveyed car buyers to alter their purchasing decisions, with 30% planning to switch from new to used vehicles. This shift, coupled with already limited used car inventory due to reduced new car sales between 2020 and 2023, is expected to increase demand and potentially drive up used car prices.

faz.net

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Feb 25, 22:12

Porsche Restructures Leadership Amidst Crisis, Cuts 3900 Jobs

Porsche appointed Jochen Breckner as CFO and Matthias Becker as Sales Board Member, replacing Lutz Meschke and Detlev von Platen, respectively, due to declining sales in China and internal power struggles; the company is restructuring, cutting 15% of its workforce, and revising its production target...

Porsche Restructures Leadership Amidst Crisis, Cuts 3900 Jobs

Porsche appointed Jochen Breckner as CFO and Matthias Becker as Sales Board Member, replacing Lutz Meschke and Detlev von Platen, respectively, due to declining sales in China and internal power struggles; the company is restructuring, cutting 15% of its workforce, and revising its production target...

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What are the immediate consequences of the leadership changes at Porsche, and how do they impact the company's short-term outlook?

Porsche has appointed Jochen Breckner as its new CFO and Matthias Becker as its new Sales Board Member. Both are long-time Porsche executives and close confidants of CEO Oliver Blume. These appointments follow the dismissal of Lutz Meschke and Detlev von Platen, amid a company crisis marked by declining sales in China and internal power struggles.

usa.chinadaily.com.cn

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Feb 24, 07:07

SAIC Partners with Huawei to Launch New EV Brand Amidst Market Challenges

SAIC Motor, facing declining sales and loss of market leadership, is partnering with Huawei to launch the Shangjie EV brand in late 2025, featuring Huawei's smart driving technology and targeting a price range of 150,000-250,000 yuan ($20,600-34,400), marking a strategic shift for the automaker amid...

SAIC Partners with Huawei to Launch New EV Brand Amidst Market Challenges

SAIC Motor, facing declining sales and loss of market leadership, is partnering with Huawei to launch the Shangjie EV brand in late 2025, featuring Huawei's smart driving technology and targeting a price range of 150,000-250,000 yuan ($20,600-34,400), marking a strategic shift for the automaker amid...

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What are the immediate implications of SAIC's partnership with Huawei for its market position and competitiveness?

Faced with declining sales and loss of market leadership to BYD, SAIC Motor, a major Chinese automaker, is partnering with Huawei to launch a new electric vehicle (EV) brand, Shangjie, in late 2025. This brand will focus on affordability, integrating Huawei's smart driving technology, including HarmonyOS and Qiankun, aiming to compete with established players like BYD and Geely. The first model will be priced between 150,000-250,000 yuan ($20,600-34,400).

Showing 109 to 120 of 403 results