Tag #Automotive Industry

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us.cnn.com

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Jan 22, 13:11

Trump Seeks to Eliminate Federal and State Support for Electric Vehicles

President Trump issued an executive order on his first day in office aiming to eliminate federal and state support for electric vehicles, including a \$7,500 tax credit, but faces legal hurdles and potential congressional opposition, while automakers remain committed to EV production despite the cha...

Trump Seeks to Eliminate Federal and State Support for Electric Vehicles

President Trump issued an executive order on his first day in office aiming to eliminate federal and state support for electric vehicles, including a \$7,500 tax credit, but faces legal hurdles and potential congressional opposition, while automakers remain committed to EV production despite the cha...

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What are the immediate consequences of President Trump's executive order on federal and state support for electric vehicles?

President Trump's executive order aims to eliminate federal support for electric vehicles (EVs), including a \$7,500 tax credit, charging station funding, and low-interest loans for EV production. However, the order faces legal challenges and may require congressional action to fully implement, given that some EV support is enshrined in a 2022 law.

theglobeandmail.com

🌐 85% Global Worthiness

Jan 21, 16:11

Stellantis Chairman Meets Trump Amidst US Trade Policy Uncertainty

Stellantis Chairman John Elkann met with President Trump to discuss the impact of potential US tariffs on auto imports from Mexico and Canada, highlighting the auto industry's efforts to navigate new economic policies under the Trump administration, as Trump revoked an executive order focused on ele...

Stellantis Chairman Meets Trump Amidst US Trade Policy Uncertainty

Stellantis Chairman John Elkann met with President Trump to discuss the impact of potential US tariffs on auto imports from Mexico and Canada, highlighting the auto industry's efforts to navigate new economic policies under the Trump administration, as Trump revoked an executive order focused on ele...

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Decent Work and Economic Growth

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How might Stellantis's proactive engagement with the Trump administration influence its long-term strategy in the US automotive market?

Elkann's visit underscores the broader efforts of business leaders to engage with the Trump administration amid concerns over trade and economic policy changes. Stellantis's statement expressing optimism about Trump's focus on domestic manufacturing suggests a strategic attempt to align with the administration's priorities. The potential tariffs and revocation of the electric vehicle mandate illustrate the significant challenges and opportunities facing automakers under the new administration.

tr.euronews.com

🌐 85% Global Worthiness

Jan 21, 22:09

Volkswagen Warns of Harmful Economic Effects from Potential Trump Tariffs

Volkswagen voiced concern over potentially harmful economic effects from US tariffs on Mexican goods, particularly impacting its major Puebla plant which exports roughly 350,000 vehicles annually to the US, with analysts suggesting a loss of competitiveness if tariffs are imposed.

Volkswagen Warns of Harmful Economic Effects from Potential Trump Tariffs

Volkswagen voiced concern over potentially harmful economic effects from US tariffs on Mexican goods, particularly impacting its major Puebla plant which exports roughly 350,000 vehicles annually to the US, with analysts suggesting a loss of competitiveness if tariffs are imposed.

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How might the proposed tariffs affect the broader US automotive industry and consumer prices?

Trump's proposed tariffs of up to 60% on Chinese goods, 25% on Mexican and Canadian goods, and 10% on global imports, aim to bolster US goods and the economy, despite concerns about higher prices for American buyers. This is despite successfully negotiating a three-way free trade deal between Canada, the US, and Mexico during his first term.

dw.com

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Jan 21, 22:09

Apple Tops Brand Finance's 2024 Brand Value Ranking as US Tech Dominates

Brand Finance's 2024 ranking of the top 500 most valuable brands shows Apple leading with $574.5 billion, followed by Microsoft and Google, while German automotive brands declined despite some German brands showing growth.

Apple Tops Brand Finance's 2024 Brand Value Ranking as US Tech Dominates

Brand Finance's 2024 ranking of the top 500 most valuable brands shows Apple leading with $574.5 billion, followed by Microsoft and Google, while German automotive brands declined despite some German brands showing growth.

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What is the most significant shift in Brand Finance's top 10 most valuable brands in 2024, and what are the immediate implications?

Apple, Microsoft, and Google lead Brand Finance's ranking of the top 500 most valuable brands, with Apple's brand value increasing by 11% to $574.5 billion. Microsoft and Google also saw significant growth, at 35% and 24%, respectively.

repubblica.it

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Jan 20, 22:10

EU Tightens Plug-in Hybrid Emission Tests, Impacting Incentives and Sales

New European Union regulations, effective January 1st, 2025, significantly increase the driving distance used to test plug-in hybrid vehicle emissions (from 800km to 2200km in 2025, and further to 4260km in 2027), aiming to accurately reflect real-world usage and curb discrepancies between declared ...

EU Tightens Plug-in Hybrid Emission Tests, Impacting Incentives and Sales

New European Union regulations, effective January 1st, 2025, significantly increase the driving distance used to test plug-in hybrid vehicle emissions (from 800km to 2200km in 2025, and further to 4260km in 2027), aiming to accurately reflect real-world usage and curb discrepancies between declared ...

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How do the discrepancies between declared and real-world emissions of PHEVs arise, and what is the role of consumer behavior?

The new regulations address discrepancies between manufacturers' declared emissions and real-world performance of PHEVs. A study by the International Council on Clean Transport (ICCT) on a BMW X1 xDrive 25e showed emissions nearly doubling under the new standard, from 45 g/km to 96 g/km. Further tightening is expected in 2027.

forbes.com

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Jan 17, 22:10

Diverging Views on EV Adoption: Consumer Enthusiasm Meets Manufacturer Concerns

A Tata Consultancy Services study reveals that while 64% of consumers globally are likely to consider an EV for their next vehicle, manufacturers express concerns about cooling demand and insufficient charging infrastructure; despite this, U.S. EV sales surged 7.3% in 2024.

Diverging Views on EV Adoption: Consumer Enthusiasm Meets Manufacturer Concerns

A Tata Consultancy Services study reveals that while 64% of consumers globally are likely to consider an EV for their next vehicle, manufacturers express concerns about cooling demand and insufficient charging infrastructure; despite this, U.S. EV sales surged 7.3% in 2024.

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Affordable and Clean Energy

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What are the key factors driving the current surge in U.S. EV sales despite manufacturers' concerns about cooling demand?

A global study by Tata Consultancy Services reveals a divergence in perspectives on electric vehicle (EV) adoption between consumers and manufacturers. While 64% of surveyed consumers across 18 nations indicated likelihood of considering an EV for their next purchase, EV manufacturers express concerns about cooling demand and insufficient charging infrastructure.

elmundo.es

🌐 85% Global Worthiness

Jan 21, 01:10

BMW Group Spain Sets Sales Records in 2024

In 2024, BMW Group Spain achieved record sales, with BMW brand sales up 29.4% to 45,184 units, exceeding market growth fourfold, while Mini sales decreased by 10.1% due to model range renewal, and BMW Motorrad sales increased by 3.6% to 13,143 units.

BMW Group Spain Sets Sales Records in 2024

In 2024, BMW Group Spain achieved record sales, with BMW brand sales up 29.4% to 45,184 units, exceeding market growth fourfold, while Mini sales decreased by 10.1% due to model range renewal, and BMW Motorrad sales increased by 3.6% to 13,143 units.

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Responsible Consumption and Production

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How did the performance of BMW's sub-brands, Mini and BMW Motorrad, contribute to the overall success of BMW Group in Spain during 2024?

BMW's success stemmed from a renewed model range, a multi-channel sales strategy, and strong financial partnerships. The company also led the luxury electric segment with 3,984 units sold. Growth was driven by the BMW brand, but Mini also experienced a significant increase in electric vehicle sales, doubling orders in the last quarter and quadrupling battery-electric vehicle orders.

theglobeandmail.com

🌐 85% Global Worthiness

Jan 21, 16:11

Volkswagen Warns of Tariff Impact on US Consumers

Volkswagen voiced concern over potential 25% US tariffs on Mexican goods, impacting its major Puebla plant (producing ~350,000 cars annually for US export) and potentially harming American consumers; the company is investing over $10 billion in US facilities.

Volkswagen Warns of Tariff Impact on US Consumers

Volkswagen voiced concern over potential 25% US tariffs on Mexican goods, impacting its major Puebla plant (producing ~350,000 cars annually for US export) and potentially harming American consumers; the company is investing over $10 billion in US facilities.

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How do Volkswagen's investments in US manufacturing facilities influence its response to the potential tariff imposition?

The proposed tariffs threaten Volkswagen's US sales, with Stifel analysts estimating that 65% of their US-sold cars would lose competitiveness. This highlights the interconnectedness of global automotive manufacturing and the significant impact of protectionist trade policies.

zeit.de

🌐 85% Global Worthiness

Jan 21, 22:09

Volkswagen's $20 Billion North America Investment to Counter China Dependence

Volkswagen plans significant US expansion ($15 billion investment) to lessen China dependence, using range extenders in volume models to ease e-mobility transition, while aiming for lower tariffs despite Trump's trade policies.

Volkswagen's $20 Billion North America Investment to Counter China Dependence

Volkswagen plans significant US expansion ($15 billion investment) to lessen China dependence, using range extenders in volume models to ease e-mobility transition, while aiming for lower tariffs despite Trump's trade policies.

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What is Volkswagen's primary strategic goal in expanding its US market presence, and what specific actions are being taken to achieve this?

Volkswagen CEO Oliver Blume confirmed the company's continued commitment to significant growth in the US market, viewing it as a key element of their expansion strategy to lessen reliance on China. This strategy involves a $15 billion investment in the US and $5 billion in Canada, aiming for lower tariffs due to this substantial commitment.

welt.de

🌐 75% Global Worthiness

Jan 21, 16:11

German Private Electric Vehicle Adoption Plummets in 2024

HUK Coburg insurance data reveals a sharp decline in private electric vehicle adoption in Germany during 2024, with only 4% of insured drivers switching to electric cars, compared to nearly 7% in 2022; this is linked to factors including the end of subsidies, high prices, limited models, and lack of...

German Private Electric Vehicle Adoption Plummets in 2024

HUK Coburg insurance data reveals a sharp decline in private electric vehicle adoption in Germany during 2024, with only 4% of insured drivers switching to electric cars, compared to nearly 7% in 2022; this is linked to factors including the end of subsidies, high prices, limited models, and lack of...

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How do consumer attitudes towards electric vehicles vary based on driving experience, and what are the implications for market growth?

The decline in private electric vehicle adoption is attributed to several factors: the end of government subsidies in 2023, high vehicle prices, limited model availability, and a lack of personal experience with electric cars. A YouGov survey found that 68% of drivers had never driven an electric car, while those who had were significantly more positive.

kathimerini.gr

🌐 85% Global Worthiness

Jan 18, 10:06

EU Green Targets Force Automakers to Seek Carbon Credits from China

Facing the EU's stringent 2025 CO2 emission targets (93.6g/km), European automakers like Volkswagen and Renault may pay millions to Chinese EV makers for carbon credits to avoid billions in fines, highlighting the industry's struggle with the green transition and Europe's rapid warming.

EU Green Targets Force Automakers to Seek Carbon Credits from China

Facing the EU's stringent 2025 CO2 emission targets (93.6g/km), European automakers like Volkswagen and Renault may pay millions to Chinese EV makers for carbon credits to avoid billions in fines, highlighting the industry's struggle with the green transition and Europe's rapid warming.

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What are the immediate consequences for European automakers failing to meet the EU's 2025 CO2 emission targets?

The European Union's green targets are causing significant challenges for the automotive industry, forcing companies to potentially pay millions to Chinese EV manufacturers for carbon credits to avoid hefty fines for non-compliance by 2025. Manufacturers failing to meet emission standards face billions in fines or must drastically increase EV sales. This is particularly pressing as Europe is warming twice as fast as the global average.

welt.de

🌐 75% Global Worthiness

Jan 17, 07:09

Price Trumps Quality: German Car Buyers' Priorities and EV Challenges

A Deloitte survey of 31,000 consumers across 30 countries reveals that price is the top priority for 62% of German car buyers when selecting a vehicle brand, exceeding the importance of product quality. This contrasts with global trends and highlights challenges for electric vehicle adoption due to ...

Price Trumps Quality: German Car Buyers' Priorities and EV Challenges

A Deloitte survey of 31,000 consumers across 30 countries reveals that price is the top priority for 62% of German car buyers when selecting a vehicle brand, exceeding the importance of product quality. This contrasts with global trends and highlights challenges for electric vehicle adoption due to ...

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Reduced Inequality

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What is the primary factor driving German car buyers' brand choices, and what are its immediate implications for the automotive market?

In a recent Deloitte survey, price was the most important factor for 62% of German car buyers when choosing a brand, surpassing product quality (53%). Only Japan prioritized price similarly; other nations, especially China and India, valued quality more.

Showing 529 to 540 of 727 results