Tag #Automotive Industry

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fr.euronews.com

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Apr 2, 01:14

EU Fines Carmakers €128 Million for Recycling Cartel, Eases CO2 Standards

The European Commission fined 15 car manufacturers, including Volkswagen (€128 million) and Renault/Nissan (€81 million), and their lobbying group ACEA (€500,000) for a 15-year cartel suppressing information on vehicle recyclability, coinciding with a Commission proposal to ease CO2 emission standar...

EU Fines Carmakers €128 Million for Recycling Cartel, Eases CO2 Standards

The European Commission fined 15 car manufacturers, including Volkswagen (€128 million) and Renault/Nissan (€81 million), and their lobbying group ACEA (€500,000) for a 15-year cartel suppressing information on vehicle recyclability, coinciding with a Commission proposal to ease CO2 emission standar...

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How did the car manufacturers' lobbying efforts influence the Commission's decision to adjust CO2 emission standards?

This cartel, operating for over 15 years, suppressed competition in vehicle recyclability information, hindering consumer choices toward environmentally friendly products. The fines underscore the Commission's commitment to combatting anti-competitive practices affecting sustainability. The concurrent proposal to ease CO2 emission standards suggests a political compromise influenced by industry lobbying.

europe.chinadaily.com.cn

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Apr 1, 07:18

China's NEV Market to Moderate Growth, but Total Numbers to Soar

China's new energy vehicle (NEV) sales reached 12.9 million units in 2024, a 35.5% year-on-year increase; experts predict over 16 million sales in 2025, with the total number of NEVs expected to soar to 100-160 million by 2030, driven by advancements in AI and autonomous driving technologies.

China's NEV Market to Moderate Growth, but Total Numbers to Soar

China's new energy vehicle (NEV) sales reached 12.9 million units in 2024, a 35.5% year-on-year increase; experts predict over 16 million sales in 2025, with the total number of NEVs expected to soar to 100-160 million by 2030, driven by advancements in AI and autonomous driving technologies.

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Industry, Innovation, and Infrastructure

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What is the projected impact of China's NEV market transitioning to a moderate growth phase?

China's sales of new energy vehicles (NEVs) reached 12.9 million units in 2024, a 35.5% year-on-year increase. Experts predict over 16 million NEV sales in 2025, marking a shift to moderate growth after years of rapid expansion.

chinadaily.com.cn

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Mar 31, 07:15

Chinese Cars Dominate Egypt's Automotive Market

Driven by affordability and improved quality, Chinese car sales in Egypt surged 33.6 percent from January to November 2024, reaching the top spot in January 2025 with 3,301 units sold; this resulted in a 10-15 percent price reduction for cars under 1 million Egyptian pounds, largely due to $235 mill...

Chinese Cars Dominate Egypt's Automotive Market

Driven by affordability and improved quality, Chinese car sales in Egypt surged 33.6 percent from January to November 2024, reaching the top spot in January 2025 with 3,301 units sold; this resulted in a 10-15 percent price reduction for cars under 1 million Egyptian pounds, largely due to $235 mill...

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Reduced Inequality

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What is the impact of the increased popularity of Chinese cars on the Egyptian automotive market?

Chinese car sales in Egypt surged 33.6 percent from January to November 2024, reaching the top spot in January 2025 with 3,301 units sold, exceeding the 1,721 units sold in January 2024. This increase is attributed to improved quality, safety features, and competitive pricing compared to European used cars, resulting in a 10-15 percent price reduction for cars under 1 million Egyptian pounds.

cincodias.elpais.com

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Mar 31, 19:14

Seat CEO Wayne Griffiths Resigns After Successful 2024

Wayne Griffiths, CEO of Seat and Cupra, resigned on [Date], citing personal reasons and new opportunities; Seat reported a €633 million operating profit for 2024, a 1% increase, and Markus Haupt will serve as interim CEO while the company searches for an internal replacement.

Seat CEO Wayne Griffiths Resigns After Successful 2024

Wayne Griffiths, CEO of Seat and Cupra, resigned on [Date], citing personal reasons and new opportunities; Seat reported a €633 million operating profit for 2024, a 1% increase, and Markus Haupt will serve as interim CEO while the company searches for an internal replacement.

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What are the immediate consequences of Wayne Griffiths's resignation from Seat and Cupra?

Wayne Griffiths, CEO of Seat and Cupra, resigned from his position to pursue new opportunities. His departure follows Seat's successful 2024 financial results, showing a 1% increase in operating profit to €633 million compared to 2023. Markus Haupt, EVP of Production and Logistics, will serve as interim CEO.

bbc.com

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Mar 30, 07:13

UK Faces US Tariffs, Threatens Retaliation

The UK faces potential US tariffs on car imports and other goods, prompting last-minute negotiations for an exemption; failure to reach an agreement could lead to retaliatory actions from the UK, impacting US sectors.

UK Faces US Tariffs, Threatens Retaliation

The UK faces potential US tariffs on car imports and other goods, prompting last-minute negotiations for an exemption; failure to reach an agreement could lead to retaliatory actions from the UK, impacting US sectors.

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How might the UK retaliate against US tariffs, and what sectors or products might be targeted?

The US tariffs, targeting various goods including cars, aim to boost American manufacturing and employment. However, this action risks escalating into a trade war with significant economic consequences for both nations, potentially wiping billions off economic growth for the UK, according to the Office for Budget Responsibility. The UK's relatively balanced trade relationship with the US is central to its argument against these tariffs.

kathimerini.gr

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Mar 29, 13:19

Trump's Tariffs to Hike Car Prices by Thousands

President Trump's permanent tariffs on imported vehicles will increase car prices by \$3,000-\$10,000, forcing automakers to relocate production or absorb costs, impacting consumers and potentially creating long-term uncertainty.

Trump's Tariffs to Hike Car Prices by Thousands

President Trump's permanent tariffs on imported vehicles will increase car prices by \$3,000-\$10,000, forcing automakers to relocate production or absorb costs, impacting consumers and potentially creating long-term uncertainty.

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What are the immediate economic consequences of Trump's tariffs on vehicle prices and the automotive industry?

Trump's tariffs on imported vehicles will significantly increase car prices. Analysts estimate an added cost of \$3,000-\$10,000 per vehicle, depending on origin. Automakers may relocate production or adjust output, but these actions will be costly and ultimately passed to consumers.

africa.chinadaily.com.cn

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Apr 1, 10:17

China's NEV Market to Moderate Growth, Autonomous Driving to Take Center Stage

China's new energy vehicle (NEV) sales reached 12.9 million units in 2024, a 35.5% year-on-year increase; experts predict over 16 million sales in 2025, with 100-160 million NEVs on the roads by 2030, driven by advancements in autonomous driving technology.

China's NEV Market to Moderate Growth, Autonomous Driving to Take Center Stage

China's new energy vehicle (NEV) sales reached 12.9 million units in 2024, a 35.5% year-on-year increase; experts predict over 16 million sales in 2025, with 100-160 million NEVs on the roads by 2030, driven by advancements in autonomous driving technology.

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Climate Action

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What is the current state and future projection of China's NEV market, and what are the key factors driving this trend?

China's sales of new energy vehicles (NEVs) reached 12.9 million units in 2024, a 35.5% year-on-year increase. Experts predict over 16 million NEV sales in 2025, marking a shift to moderate growth after years of rapid expansion. This signals a maturing market, with a projected 100-160 million NEVs on Chinese roads by 2030.

cnnespanol.cnn.com

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Mar 31, 22:16

US Auto Tariffs to Hike Car Prices Significantly

A 25% tariff on imported cars and auto parts will take effect in the US on April 3rd, potentially increasing car prices by $5,000-$15,000, according to Goldman Sachs, while the long-term impact on domestic production and trade relationships remains uncertain.

US Auto Tariffs to Hike Car Prices Significantly

A 25% tariff on imported cars and auto parts will take effect in the US on April 3rd, potentially increasing car prices by $5,000-$15,000, according to Goldman Sachs, while the long-term impact on domestic production and trade relationships remains uncertain.

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What is the immediate impact of the 25% tariff on imported cars and auto parts on US car prices?

On April 3rd, a 25% tariff on imported cars will take effect in the US, followed by a similar tariff on most foreign-made auto parts. This will likely increase car prices significantly, potentially by $5,000-$15,000 per vehicle depending on the make and model, according to Goldman Sachs estimates.

china.org.cn

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Mar 31, 13:16

Foreign Investment in China's NEV Sector Soars

In 2024, China's NEV production and sales surpassed 12 million units, attracting significant foreign investment as companies like BMW, Volkswagen, and Tesla expand their presence and tailor models to the Chinese market, driven by government support and consumer demand for smart features.

Foreign Investment in China's NEV Sector Soars

In 2024, China's NEV production and sales surpassed 12 million units, attracting significant foreign investment as companies like BMW, Volkswagen, and Tesla expand their presence and tailor models to the Chinese market, driven by government support and consumer demand for smart features.

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Industry, Innovation, and Infrastructure

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How are Chinese consumer preferences shaping the strategies of foreign automakers operating in the NEV market?

China's supportive policies, including purchase subsidies and charging infrastructure development, along with consumer preference for smart features, are attracting foreign investment. Over 60 percent of vehicles purchased under a 2024 subsidy program were NEVs, with foreign brands accounting for over 35 percent.

cnnespanol.cnn.com

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Mar 30, 13:15

Trump Encourages Auto Price Increases Due to Tariffs

President Trump announced he will not prevent automakers from raising prices due to his 25% tariffs on imported cars and parts, believing it will encourage Americans to buy US-made vehicles; Canada Prime Minister Mark Carney warned of retaliatory tariffs.

Trump Encourages Auto Price Increases Due to Tariffs

President Trump announced he will not prevent automakers from raising prices due to his 25% tariffs on imported cars and parts, believing it will encourage Americans to buy US-made vehicles; Canada Prime Minister Mark Carney warned of retaliatory tariffs.

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What are the potential long-term implications of President Trump's protectionist trade policies on the global automotive industry and the broader economic landscape?

The long-term consequences of Trump's tariffs remain uncertain. While they might stimulate domestic car manufacturing, they could also lead to higher vehicle prices, reduced consumer purchasing power, and retaliatory tariffs from other nations. The effectiveness of this protectionist approach depends on the willingness of automakers to shift production and the response of global markets.

cnn.com

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Mar 29, 22:12

Mexico Prioritizes Negotiation Over Retaliation in Face of New US Auto Tariffs

Facing new US tariffs on Mexican-made automobiles and auto parts totaling $182.3 billion in 2024 exports, President Claudia Sheinbaum is employing a patient negotiating strategy, prioritizing dialogue over immediate retaliation, in contrast to Canada's approach; a comprehensive response is due April...

Mexico Prioritizes Negotiation Over Retaliation in Face of New US Auto Tariffs

Facing new US tariffs on Mexican-made automobiles and auto parts totaling $182.3 billion in 2024 exports, President Claudia Sheinbaum is employing a patient negotiating strategy, prioritizing dialogue over immediate retaliation, in contrast to Canada's approach; a comprehensive response is due April...

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How does Mexico's approach to US tariffs differ from Canada's, and what are the potential reasons for this difference in strategy?

Sheinbaum's approach contrasts with Canada's more confrontational response to US tariffs. Mexico's strategy of maintaining dialogue with US officials, exemplified by Economy Secretary Ebrard's multiple meetings with US counterparts, has fostered a working relationship. Even President Trump has publicly praised Sheinbaum's negotiating skills and cooperation, suggesting a degree of mutual respect despite underlying tensions.",

aljazeera.com

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Mar 28, 04:09

Trump's Auto Tariffs Spark International Trade War

President Trump's 25% tariff on all foreign-made automobiles imported into the US, effective April 2nd, has ended the close relationship between the US and Canada, according to Canadian Prime Minister Mark Carney, who promised retaliatory trade actions.

Trump's Auto Tariffs Spark International Trade War

President Trump's 25% tariff on all foreign-made automobiles imported into the US, effective April 2nd, has ended the close relationship between the US and Canada, according to Canadian Prime Minister Mark Carney, who promised retaliatory trade actions.

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How will the Canadian and Mexican governments respond to the new tariffs?

The tariffs, while celebrated by the UAW as a way to restore American manufacturing jobs, are predicted to have a delayed effect on job creation, potentially taking years to implement. This action is a significant escalation in trade tensions, prompting retaliatory measures from Canada and Germany, signaling a potential global trade war.

Showing 169 to 180 of 563 results