Tag #Automotive Industry

Showing 649 to 660 of 727 results

euronews.com

🌐 75% Global Worthiness

Dec 18, 13:13

Stellantis to Boost Italian Auto Production with New Models

Stellantis announced plans to increase production at its six Italian auto plants by launching more than a dozen new models through 2032, including the Fiat Pandina and a hybrid/electric 500, in response to concerns about its commitment to Italy following the resignation of its CEO and new EU regulat...

Stellantis to Boost Italian Auto Production with New Models

Stellantis announced plans to increase production at its six Italian auto plants by launching more than a dozen new models through 2032, including the Fiat Pandina and a hybrid/electric 500, in response to concerns about its commitment to Italy following the resignation of its CEO and new EU regulat...

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What immediate actions is Stellantis taking to address concerns about its commitment to Italian operations and slumping sales?

Stellantis, the world's fourth-largest carmaker, announced plans to boost production at its six Italian factories by launching over a dozen new models through 2032, including a new Fiat Pandina and hybrid/electric 500. This follows the recent resignation of CEO Carlos Tavares and aims to alleviate concerns about the company's commitment to Italy, with Turin becoming the headquarters for European operations in January 2024.

pt.euronews.com

🌐 75% Global Worthiness

Dec 18, 16:15

Stellantis to Boost Production at Italian Plants

Stellantis announced plans to increase production at its six Italian plants starting in 2026, launching more than a dozen new models by 2032, including a new Fiat Pandina and hybrid/electric 500, to address post-merger concerns about the company's focus on Italy and new European emission regulations...

Stellantis to Boost Production at Italian Plants

Stellantis announced plans to increase production at its six Italian plants starting in 2026, launching more than a dozen new models by 2032, including a new Fiat Pandina and hybrid/electric 500, to address post-merger concerns about the company's focus on Italy and new European emission regulations...

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How will the new European emission regulations impact Stellantis' production plans in Italy?

The decision to boost production in Italy is a response to anxieties stemming from the Stellantis merger in 2021 and aims to counteract the perception of a shift away from Italian operations. The new production plan, involving over a dozen new models by 2032, is intended to solidify Italy's role in Stellantis' European operations, with Turin becoming the headquarters.

theguardian.com

🌐 85% Global Worthiness

Dec 17, 22:11

Honda and Nissan to Merge in Response to Rising EV Competition

Facing increased competition from Chinese EV makers, Honda and Nissan, Japan's second and third-largest car manufacturers, will begin merger negotiations, potentially including Mitsubishi Motors, to create a stronger competitor in the global automotive market.

Honda and Nissan to Merge in Response to Rising EV Competition

Facing increased competition from Chinese EV makers, Honda and Nissan, Japan's second and third-largest car manufacturers, will begin merger negotiations, potentially including Mitsubishi Motors, to create a stronger competitor in the global automotive market.

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What are the immediate consequences of Honda and Nissan's planned merger negotiations for the global automotive industry?

Honda and Nissan, Japan's second and third-largest car manufacturers, are initiating merger talks to counter intensifying competition from Chinese electric vehicle (EV) makers like BYD and Li Auto. Their combined 2023 sales reached 7.4 million vehicles, highlighting the scale of the challenge.

smh.com.au

🌐 85% Global Worthiness

Dec 17, 22:11

Honda and Nissan in Merger Talks to Challenge Toyota

Honda and Nissan are reportedly negotiating a potential merger, possibly including Mitsubishi, to create a larger automotive group to better compete with Toyota and other global automakers, especially in the electric vehicle market. The combined entity would aim to better compete against Tesla and C...

Honda and Nissan in Merger Talks to Challenge Toyota

Honda and Nissan are reportedly negotiating a potential merger, possibly including Mitsubishi, to create a larger automotive group to better compete with Toyota and other global automakers, especially in the electric vehicle market. The combined entity would aim to better compete against Tesla and C...

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How does this merger attempt address the challenges posed by Toyota's dominance and the rapid growth of electric vehicles?

The proposed merger aims to counter Toyota's strategic alliances with other Japanese automakers and compete with Tesla and Chinese rivals in the electric vehicle market. This move reflects the increasing pressure on automakers to invest heavily in new technologies and adapt to evolving consumer preferences. The combined sales of Honda, Nissan, and Mitsubishi (around 4 million vehicles in the first half of 2024) would still be below Toyota's (5.2 million).

abcnews.go.com

🌐 85% Global Worthiness

Dec 17, 22:11

Stellantis to Invest €8 Billion in Italian Auto Production

Stellantis, the world's fourth-largest carmaker, will invest €8 billion in Italian operations in 2024, including €2 billion in production and €6 billion in the supply chain, to launch more than a dozen new models by 2032, despite facing challenges from new European electric vehicle regulations and r...

Stellantis to Invest €8 Billion in Italian Auto Production

Stellantis, the world's fourth-largest carmaker, will invest €8 billion in Italian operations in 2024, including €2 billion in production and €6 billion in the supply chain, to launch more than a dozen new models by 2032, despite facing challenges from new European electric vehicle regulations and r...

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What is the immediate impact of Stellantis's €8 billion investment on Italian manufacturing and employment?

Stellantis, the world's fourth-largest carmaker, announced a €2 billion investment in Italian production and an additional €6 billion in its Italian supply chain for 2024. This follows recent leadership changes, with an executive committee now leading the company. The investment aims to boost production from 2026 with over a dozen new models by 2032.

forbes.com

🌐 75% Global Worthiness

Dec 17, 19:11

U.S. EV Market Growth Stalls Amidst Consumer Dissatisfaction and Policy Uncertainty

Despite government incentives and predictions of a boom, U.S. EV market growth has stalled, with only 8% of households owning an EV and nearly half of owners expressing regret, due to range anxiety, charging issues, and reliability concerns, further complicated by potential policy shifts.

U.S. EV Market Growth Stalls Amidst Consumer Dissatisfaction and Policy Uncertainty

Despite government incentives and predictions of a boom, U.S. EV market growth has stalled, with only 8% of households owning an EV and nearly half of owners expressing regret, due to range anxiety, charging issues, and reliability concerns, further complicated by potential policy shifts.

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What are the key factors contributing to the slowdown in U.S. EV market growth despite government incentives and industry investment?

Despite significant government investment and optimistic predictions, the growth of electric vehicles (EVs) in the U.S. has stalled. Only 8% of households own an EV, and nearly half of EV owners regret their purchase. This contrasts sharply with surveys showing only 20% of consumers are very likely to buy an EV next.

fr.euronews.com

🌐 75% Global Worthiness

Dec 18, 16:15

Stellantis to Increase Italian Production with New Models

Stellantis, facing declining sales and a CEO change, announced plans to boost production at its six Italian plants starting in 2026 with over a dozen new models by 2032, including a new Fiat Pandina and updated 500, while Turin becomes the headquarters for European operations.

Stellantis to Increase Italian Production with New Models

Stellantis, facing declining sales and a CEO change, announced plans to boost production at its six Italian plants starting in 2026 with over a dozen new models by 2032, including a new Fiat Pandina and updated 500, while Turin becomes the headquarters for European operations.

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What specific actions is Stellantis taking to address concerns about its Italian operations and the recent decline in sales?

Stellantis, the world's fourth-largest automaker, announced plans to increase production at its six Italian plants starting in 2026, launching over a dozen new models by 2032. This follows the resignation of former CEO Carlos Tavares and the appointment of a committee led by John Elkann. Turin will become the headquarters for Stellantis' European operations starting in January 2024.

repubblica.it

🌐 85% Global Worthiness

Dec 17, 19:11

Italy and Stellantis Partner to Counter EU Electric Vehicle Mandate

The Italian government and Stellantis announced a \$2 billion investment plan to support Italy's automotive sector, challenging the EU's 2035 electric vehicle mandate and aiming for a more balanced approach to the green transition.

Italy and Stellantis Partner to Counter EU Electric Vehicle Mandate

The Italian government and Stellantis announced a \$2 billion investment plan to support Italy's automotive sector, challenging the EU's 2035 electric vehicle mandate and aiming for a more balanced approach to the green transition.

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What are the potential long-term impacts of this partnership on the Italian automotive industry and the EU's industrial policy?

The success of this Italian-Stellantis partnership will significantly influence the EU's automotive policy. The push for a more pragmatic approach to the green deal could set a precedent, impacting other countries facing similar challenges in the industrial transition. Future success hinges on effective implementation of the investment plan and a coordinated effort among all stakeholders.

china.org.cn

🌐 85% Global Worthiness

Dec 17, 22:11

Stellantis and CATL to Build 4.1 Billion Euro Battery Plant in Spain

Stellantis and CATL announced a 4.1 billion euro battery plant in Zaragoza, Spain, expected to create up to 3,000 jobs by 2026, boosting Aragon's GDP by 1.5 percent and furthering Europe's electric vehicle transition.

Stellantis and CATL to Build 4.1 Billion Euro Battery Plant in Spain

Stellantis and CATL announced a 4.1 billion euro battery plant in Zaragoza, Spain, expected to create up to 3,000 jobs by 2026, boosting Aragon's GDP by 1.5 percent and furthering Europe's electric vehicle transition.

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What is the immediate economic impact of the new Stellantis-CATL battery plant in Zaragoza?

Stellantis and CATL will build a 4.1 billion euro battery plant in Zaragoza, Spain, creating up to 3,000 jobs and boosting Aragon's GDP by 1.5 percent. The plant, slated to open by the end of 2026, will produce lithium iron phosphate (LFP) batteries for electric vehicles.

forbes.com

🌐 85% Global Worthiness

Dec 17, 22:11

Nissan and Honda in Talks for Potential Merger to Boost EV Competitiveness

Nissan and Honda plan to merge, potentially including Mitsubishi, to compete in the growing electric vehicle market, following a strategic partnership and amidst declining sales in Asia.

Nissan and Honda in Talks for Potential Merger to Boost EV Competitiveness

Nissan and Honda plan to merge, potentially including Mitsubishi, to compete in the growing electric vehicle market, following a strategic partnership and amidst declining sales in Asia.

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Industry, Innovation, and Infrastructure

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What are the long-term implications of this potential merger for the Japanese automotive industry, considering the dominance of Toyota and the current economic climate?

This merger, if successful, would be one of the largest in the automotive industry and could significantly impact the global automotive landscape. The combined entity would likely become a major competitor to Toyota, the current leader in Japanese automakers, while consolidating their resources to focus on electric vehicle development and improve profitability.

sueddeutsche.de

🌐 75% Global Worthiness

Dec 17, 19:11

Brose to Cut 700 Jobs Amidst Revenue Shortfall

German automotive supplier Brose announced it will miss its revenue targets this year, projecting €7.7 billion, 7 percent below plan and 3 percent below last year, due to rising costs and underutilized facilities; the company plans to cut 700 jobs in Germany by 2025 and reduce investments by 20 perc...

Brose to Cut 700 Jobs Amidst Revenue Shortfall

German automotive supplier Brose announced it will miss its revenue targets this year, projecting €7.7 billion, 7 percent below plan and 3 percent below last year, due to rising costs and underutilized facilities; the company plans to cut 700 jobs in Germany by 2025 and reduce investments by 20 perc...

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What is the primary cause of Brose's projected revenue shortfall, and what immediate actions are being taken to address the situation?

Brose, a German automotive supplier, announced that it will not meet its targets this year due to lower than expected demand. Revenue will be €7.7 billion, 7 percent below its target and 3 percent below last year's figure. Rising costs and underutilized production facilities are to blame for the shortfall.", A2="The shortfall is attributed to rising costs and underutilized production facilities. The company anticipates only minimal revenue growth until 2027, necessitating a restructuring plan that includes cutting 700 jobs in Germany and reducing investments by 20 percent by the end of 2025. This restructuring aims to improve efficiency and reduce overhead.", A3="Brose's restructuring plan, including job cuts and investment reductions, reflects a challenging automotive market. The company aims to achieve a 3 percent operating margin by 2027. This goal suggests a focus on streamlining operations and improving efficiency to navigate the current economic climate and ensure the long-term viability of the company.", Q1="What is the primary cause of Brose's projected revenue shortfall, and what immediate actions are being taken to address the situation?", Q2="How will Brose's restructuring efforts impact its workforce and organizational structure, and what are the long-term implications of these changes?", Q3="What underlying factors in the automotive industry contribute to Brose's financial challenges, and what are the potential long-term consequences for the company if its restructuring plan fails to achieve its objectives?", ShortDescription="German automotive supplier Brose announced it will miss its revenue targets this year, projecting €7.7 billion, 7 percent below plan and 3 percent below last year, due to rising costs and underutilized facilities; the company plans to cut 700 jobs in Germany by 2025 and reduce investments by 20 percent to improve efficiency.", ShortTitle="Brose to Cut 700 Jobs Amidst Revenue Shortfall")) 700 jobs in Germany by 2025 and reduce investments by 20 percent to improve efficiency.", ShortTitle="Brose to Cut 700 Jobs Amidst Revenue Shortfall"))

abcnews.go.com

🌐 75% Global Worthiness

Dec 17, 22:11

Stellantis to Invest €8 Billion in Italian Auto Production

Stellantis will invest €8 billion in Italian operations next year, boosting production at six factories with over a dozen new models by 2032, despite facing challenges from slumping sales and new European electric vehicle regulations.

Stellantis to Invest €8 Billion in Italian Auto Production

Stellantis will invest €8 billion in Italian operations next year, boosting production at six factories with over a dozen new models by 2032, despite facing challenges from slumping sales and new European electric vehicle regulations.

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What is the immediate impact of Stellantis' €8 billion investment in Italy?

Stellantis, the world's fourth-largest carmaker, announced a €2 billion investment in Italian production and an additional €6 billion in its supply chain for next year. This follows recent leadership changes, with the former CEO replaced by an executive committee. The investment aims to boost production at six Italian plants, launching over a dozen new models by 2032.

Showing 649 to 660 of 727 results