Tag #Automotive Industry

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cincodias.elpais.com

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Jun 26, 16:15

Xiaomi's Electric SUV Drives Stock to Record Highs

Xiaomi, a Chinese multinational, unveiled its first electric SUV, the YU7, on Thursday, boosting its stock price 64% this year to near-record highs in Hong Kong; the company aims for 350,000 vehicle deliveries in 2025.

Xiaomi's Electric SUV Drives Stock to Record Highs

Xiaomi, a Chinese multinational, unveiled its first electric SUV, the YU7, on Thursday, boosting its stock price 64% this year to near-record highs in Hong Kong; the company aims for 350,000 vehicle deliveries in 2025.

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What is the primary driver of Xiaomi's stock price surge and its significant global implications?

Xiaomi's stock price has surged 64% this year, nearing a record high in Hong Kong, after the company unveiled its first electric SUV, the YU7. This follows a tripling of its stock price over the last 12 months, exceeding its peer index. The company is now valued at nearly $187 billion.

elpais.com

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Jun 23, 07:15

Renault CEO De Meo Departs for Kering

Luca de Meo, Renault's CEO, is leaving on July 15th to join Kering after successfully turning around Renault's performance following significant losses and navigating challenges like COVID-19 and the withdrawal from Russia; his replacement at Renault will be chosen quickly to avoid a Stellantis-like...

Renault CEO De Meo Departs for Kering

Luca de Meo, Renault's CEO, is leaving on July 15th to join Kering after successfully turning around Renault's performance following significant losses and navigating challenges like COVID-19 and the withdrawal from Russia; his replacement at Renault will be chosen quickly to avoid a Stellantis-like...

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What were the key challenges faced by Luca de Meo during his leadership at Renault, and how did his actions address them?

Luca de Meo, Renault's CEO, is leaving his position on July 15th to join Kering, a luxury group. His tenure at Renault involved turning around the company's performance after significant losses and navigating challenges like the COVID-19 pandemic and the withdrawal from the Russian market. He successfully launched the affordable electric Twingo, set to debut next year.

cincodias.elpais.com

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Jun 21, 07:16

Renault's Long-Term Commitment to Spain's Automotive Industry

Renault, considering Spain its "second home," plans to secure its Spanish factories' future beyond 2030 by competing for electric vehicle subsidies and negotiating a new collective agreement, potentially shifting Dacia production from Romania to Spain due to rising costs.

Renault's Long-Term Commitment to Spain's Automotive Industry

Renault, considering Spain its "second home," plans to secure its Spanish factories' future beyond 2030 by competing for electric vehicle subsidies and negotiating a new collective agreement, potentially shifting Dacia production from Romania to Spain due to rising costs.

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How does Renault's decision to potentially shift Dacia production from Romania to Spain reflect broader industry trends and cost considerations?

Renault's strategy in Spain involves leveraging its existing production of hybrid vehicles while pursuing opportunities in electric vehicle manufacturing and potentially shifting Dacia production from Romania due to rising costs. This reflects a broader industry trend towards electric mobility and cost optimization.

cincodias.elpais.com

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Jun 19, 19:15

Spain's Auto Industry Faces Political Headwinds Amidst Production Slump

Spain's automotive industry faces significant challenges due to political instability, decreased production (down 11.7% in May and over 20% below pre-pandemic levels), and insufficient government support, despite recent announcements of €9.39 million in green technology investments, with only €1 mil...

Spain's Auto Industry Faces Political Headwinds Amidst Production Slump

Spain's automotive industry faces significant challenges due to political instability, decreased production (down 11.7% in May and over 20% below pre-pandemic levels), and insufficient government support, despite recent announcements of €9.39 million in green technology investments, with only €1 mil...

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What is the immediate impact of Spain's unstable political climate on its automotive sector?

Spain's automotive supplier association, Sernauto, expressed concern over the unstable political climate, hindering government support for the sector's crucial transformation. Production is down 11.7% in May and over 20% below pre-pandemic levels, creating uncertainty due to decreased European demand, potential tariffs, and electric vehicle production challenges. The government's recent €9.39 million investment in five projects, only one of which directly benefits the auto sector, is insufficient.

cincodias.elpais.com

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Jun 16, 01:17

Renault CEO Luca de Meo Resigns, Set for Luxury Sector Move

Renault CEO Luca de Meo is resigning on July 15th, 2024, to pursue opportunities in the luxury sector after leading a successful turnaround at the French automaker, marked by a strategic shift to electric vehicles and improved financial performance, leaving behind a transformed company with a strong...

Renault CEO Luca de Meo Resigns, Set for Luxury Sector Move

Renault CEO Luca de Meo is resigning on July 15th, 2024, to pursue opportunities in the luxury sector after leading a successful turnaround at the French automaker, marked by a strategic shift to electric vehicles and improved financial performance, leaving behind a transformed company with a strong...

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What are the immediate consequences of Luca de Meo's resignation for Renault and the automotive industry?

Renault CEO Luca de Meo is resigning on July 15th, 2024, after five years leading the company's strategic shift toward electric vehicles and restructuring its alliance with Nissan. His departure follows Renault's best-ever results, suggesting a successful turnaround. He plans to pursue opportunities outside the automotive sector, reportedly in the luxury industry.

dw.com

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Jun 13, 16:12

European EV Market Rebounds Sharply in 2025, Driven by EU Regulations

Europe's electric vehicle market rebounded sharply in the first four months of 2025, with over 2.2 million registrations, a 20% increase year-on-year, primarily driven by a January 1st EU mandate requiring automakers to reduce fleet-wide CO2 emissions; however, consumer enthusiasm remains moderate, ...

European EV Market Rebounds Sharply in 2025, Driven by EU Regulations

Europe's electric vehicle market rebounded sharply in the first four months of 2025, with over 2.2 million registrations, a 20% increase year-on-year, primarily driven by a January 1st EU mandate requiring automakers to reduce fleet-wide CO2 emissions; however, consumer enthusiasm remains moderate, ...

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How did the actions of European automakers and the easing of EU emissions regulations affect the growth of the EV market?

The EU's January 1st mandate requiring a 15% reduction in fleet-wide CO2 emissions from 2021 levels significantly impacted the EV market. To avoid penalties, automakers offered attractive leasing deals and discounts, leading to a surge in corporate EV sales, especially in Germany. This regulatory pressure, while effective, has since been eased by the European Council for the next three years.

euronews.com

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Jun 25, 16:15

EU Car Registrations Fall, but EVs and Hybrids Surge

New car registrations in the European Union decreased in the first five months of 2025 compared to 2024, with EV sales reaching 15.4% of the market and hybrid-electric cars dominating at 35.1%, while petrol and diesel cars declined to 38.1%.

EU Car Registrations Fall, but EVs and Hybrids Surge

New car registrations in the European Union decreased in the first five months of 2025 compared to 2024, with EV sales reaching 15.4% of the market and hybrid-electric cars dominating at 35.1%, while petrol and diesel cars declined to 38.1%.

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Affordable and Clean Energy

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What are the key trends shaping the European Union's automotive market in the first five months of 2025?

New car registrations in the EU fell in the first five months of 2025 compared to 2024, but May saw a 1.6% increase. Battery electric vehicles (EVs) made up 15.4% of the market, while hybrid-electric vehicles surged to 35.1%.

cincodias.elpais.com

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Jun 21, 07:16

Nissan to Sell Renault Stake to Accelerate Recovery

Nissan plans to sell its $2 billion stake in Renault to improve its financial health, addressing a $1.8 billion operating loss in 2024 and projected losses until 2029, despite ongoing collaborations on vehicle production.

Nissan to Sell Renault Stake to Accelerate Recovery

Nissan plans to sell its $2 billion stake in Renault to improve its financial health, addressing a $1.8 billion operating loss in 2024 and projected losses until 2029, despite ongoing collaborations on vehicle production.

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How will Nissan's potential sale of its Renault stake impact its immediate financial stability and operational restructuring plans?

Nissan's $2 billion stake in Renault could accelerate its recovery by freeing up cash for debt refinancing and operational improvements. The sale would allow Nissan to focus on resolving its $1.8 billion operating loss in 2024 and projected losses until 2029. This strategic move addresses immediate financial challenges.

euronews.com

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Jun 20, 22:15

China Eases, But Doesn't Resolve, Rare Earth Export Restrictions

China approved some rare earth export licenses after imposing restrictions in April, causing a 74% drop in magnet exports in May; this offers limited relief to global manufacturers, particularly Europe's auto industry, which remains vulnerable to supply disruptions.

China Eases, But Doesn't Resolve, Rare Earth Export Restrictions

China approved some rare earth export licenses after imposing restrictions in April, causing a 74% drop in magnet exports in May; this offers limited relief to global manufacturers, particularly Europe's auto industry, which remains vulnerable to supply disruptions.

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How do China's export control policies on rare earths reflect broader geopolitical and trade dynamics?

China's export restrictions on rare earths, imposed in April, caused a 74% plunge in magnet exports in May, highlighting the country's dominant role in the global supply chain. This control over rare earths, crucial for numerous high-tech products, gives China considerable leverage in international trade negotiations, affecting industries from automotive to electronics.

es.euronews.com

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Jun 17, 22:16

US-UK Trade Deal Reduces Tariffs on Autos, Aerospace; Steel Talks Continue

US President Trump and UK Prime Minister Keir Starmer signed a trade deal on Monday reducing tariffs on UK auto and aerospace imports to 10 percent and zero percent respectively, while steel tariffs remain under negotiation.

US-UK Trade Deal Reduces Tariffs on Autos, Aerospace; Steel Talks Continue

US President Trump and UK Prime Minister Keir Starmer signed a trade deal on Monday reducing tariffs on UK auto and aerospace imports to 10 percent and zero percent respectively, while steel tariffs remain under negotiation.

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How do the unresolved steel tariffs affect the overall significance of this trade agreement?

This agreement significantly reduces trade barriers between the US and UK, impacting both countries' automotive and aerospace sectors. The deal follows prior threats of large-scale tariffs by the Trump administration. While steel tariffs are still unresolved, the deal represents a step away from broader trade conflict.

forbes.com

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Jun 14, 13:13

Tesla Model Y Update: Enhanced Features Aim to Revive Sales

Tesla released an updated Model Y in 2024, featuring design changes, upgraded interior amenities, improved range and ride comfort, and a starting price of £44,990 in the UK, aiming to counter recent sales decline and increased competition.

Tesla Model Y Update: Enhanced Features Aim to Revive Sales

Tesla released an updated Model Y in 2024, featuring design changes, upgraded interior amenities, improved range and ride comfort, and a starting price of £44,990 in the UK, aiming to counter recent sales decline and increased competition.

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What specific improvements in the updated Tesla Model Y address recent consumer concerns and competitive pressures?

The Tesla Model Y, despite recent sales dips in Canada and Europe, received a significant update in 2024. This update includes exterior design changes, improved interior features such as ventilated front seats and a rear-seat infotainment system, and enhanced performance with increased range and a quieter ride. The updated Model Y aims to revive Tesla's sales figures, which had been impacted by both the lack of a recent update and Elon Musk's controversial public profile.

foxnews.com

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Jun 12, 16:11

Congress Revokes California's Authority to Set National Vehicle Emission Standards

President Trump and Congress ended California's control over national emissions standards for cars and trucks, reversing EPA waivers under the Biden administration that allowed California's regulations, including a 2035 mandate for nearly all vehicles to be electric, to become a national standard ad...

Congress Revokes California's Authority to Set National Vehicle Emission Standards

President Trump and Congress ended California's control over national emissions standards for cars and trucks, reversing EPA waivers under the Biden administration that allowed California's regulations, including a 2035 mandate for nearly all vehicles to be electric, to become a national standard ad...

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What are the immediate consequences of repealing the EPA waivers that allowed California to set national emissions standards for vehicles?

President Trump and Congressional Republicans repealed EPA waivers that allowed California to set national emissions standards, impacting the automotive and RV industries. This decision reverses California's significant influence over vehicle regulations, which had been adopted by over a dozen states and D.C., potentially affecting the manufacturing sector and jobs across the country. The action was taken under the Congressional Review Act.

Showing 145 to 156 of 727 results