Tag #Automotive Industry

Showing 97 to 108 of 727 results

welt.de

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Jul 23, 01:11

Bosch Announces Over 1,500 Job Cuts in Germany Amidst Automotive Market Challenges

Bosch plans to cut over 1,500 jobs in Germany, primarily in Reutlingen and at its Bosch Engineering subsidiary, due to falling vehicle production numbers, increased competition, and pressure on pricing in the automotive control unit market, leading to workforce reductions to ensure future competitiv...

Bosch Announces Over 1,500 Job Cuts in Germany Amidst Automotive Market Challenges

Bosch plans to cut over 1,500 jobs in Germany, primarily in Reutlingen and at its Bosch Engineering subsidiary, due to falling vehicle production numbers, increased competition, and pressure on pricing in the automotive control unit market, leading to workforce reductions to ensure future competitiv...

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What are the primary reasons for Bosch's significant job cuts in Germany, and what are the immediate consequences for the company and its employees?

Bosch, the German technology company, is cutting over 1,500 jobs across multiple German sites due to intensified market competition and declining vehicle production. This includes up to 1,100 positions in Reutlingen's control unit division by the end of 2029 and approximately 460 at its Bosch Engineering subsidiary. The company cites increased price pressure and new competitors as reasons for the restructuring.

zeit.de

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Jul 22, 22:14

Bosch Announces Over 1,500 Job Cuts in Germany Amidst Automotive Industry Restructuring

Bosch plans to cut over 1,500 jobs in Germany, primarily impacting its Reutlingen plant and Bosch Engineering subsidiary, due to shrinking car production, intensified competition, and price pressure; the company will also invest in semiconductor production.

Bosch Announces Over 1,500 Job Cuts in Germany Amidst Automotive Industry Restructuring

Bosch plans to cut over 1,500 jobs in Germany, primarily impacting its Reutlingen plant and Bosch Engineering subsidiary, due to shrinking car production, intensified competition, and price pressure; the company will also invest in semiconductor production.

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What is the immediate impact of Bosch's job cuts on the German automotive sector and its workforce?

Bosch, the German technology company, is cutting more than 1,500 jobs across multiple German sites due to shrinking car production and increased competition. This includes up to 1,100 positions in Reutlingen by the end of 2029 and approximately 460 at its Bosch Engineering subsidiary. The company cites intensified market conditions and price pressure as reasons for the restructuring.

welt.de

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Jul 22, 07:13

Merz Rejects EU's Potential Combustion Engine Car Ban

German Chancellor Friedrich Merz opposes potential EU Commission plans to ban combustion engine cars in rental fleets, citing concerns about technological readiness, consumer choice, and the economic impact on the European automotive industry, a key sector for the continent.

Merz Rejects EU's Potential Combustion Engine Car Ban

German Chancellor Friedrich Merz opposes potential EU Commission plans to ban combustion engine cars in rental fleets, citing concerns about technological readiness, consumer choice, and the economic impact on the European automotive industry, a key sector for the continent.

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What are the immediate economic and political ramifications of the EU's potential ban on combustion engine cars in rental fleets?

Proposals to potentially ban combustion engine cars in rental fleets are completely missing the mark on Europe's current needs," stated German Chancellor Friedrich Merz, rejecting EU Commission considerations. He emphasized the importance of technology neutrality and consumer choice in automobile purchases.

lefigaro.fr

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Jul 21, 13:15

Stellantis Reports €2.3 Billion Net Loss in First Half of 2025

Stellantis announced a €2.3 billion net loss for the first half of 2025, primarily due to decreased sales in Europe and the US, charges from discontinued models, and temporary production halts responding to new North American tariffs; this contrasts sharply with the €5.6 billion net profit during th...

Stellantis Reports €2.3 Billion Net Loss in First Half of 2025

Stellantis announced a €2.3 billion net loss for the first half of 2025, primarily due to decreased sales in Europe and the US, charges from discontinued models, and temporary production halts responding to new North American tariffs; this contrasts sharply with the €5.6 billion net profit during th...

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How did the temporary production halts and the product transition in Europe impact Stellantis's financial performance in the first half of 2025?

The decline in sales is attributed to temporary production halts in response to new North American tariffs and the transition of product offerings in Europe. A €3.3 billion charge related to program cancellations and platform impairments further contributed to the loss. This contrasts sharply with the previous year's performance and highlights challenges in adapting to changing market dynamics.

bbc.com

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Jul 20, 16:13

Chinese EV Makers Inflate Sales Figures via Insurance Scheme

Chinese EV brands Neta and Zeekr inflated sales figures by pre-purchasing insurance policies for vehicles before actual sales, allowing them to meet ambitious targets; this practice, uncovered by Reuters, is under investigation by Chinese authorities and faces potential regulatory changes.

Chinese EV Makers Inflate Sales Figures via Insurance Scheme

Chinese EV brands Neta and Zeekr inflated sales figures by pre-purchasing insurance policies for vehicles before actual sales, allowing them to meet ambitious targets; this practice, uncovered by Reuters, is under investigation by Chinese authorities and faces potential regulatory changes.

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How did the intense competition and price war in China's EV market contribute to the adoption of these misleading sales practices?

The practice of pre-purchasing insurance policies to inflate sales figures is a response to fierce competition and a price war in China's EV market, characterized by overcapacity. Neta alone pre-registered at least 64,719 vehicles this way between January 2023 and March 2024, over half its reported sales during that period. This highlights systemic issues within the industry's reporting practices.

welt.de

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Jul 18, 16:17

Porsche Announces Further Cost Cuts Amidst Declining Profits

Porsche CEO Oliver Blume announced a new cost-cutting plan for 2025 due to declining profits caused by decreased sales in China, increased US tariffs, and slow e-mobility transition; the company's first-quarter 2025 operating profit fell 40.6 percent to €0.76 billion.

Porsche Announces Further Cost Cuts Amidst Declining Profits

Porsche CEO Oliver Blume announced a new cost-cutting plan for 2025 due to declining profits caused by decreased sales in China, increased US tariffs, and slow e-mobility transition; the company's first-quarter 2025 operating profit fell 40.6 percent to €0.76 billion.

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What immediate actions is Porsche taking to address its declining profitability, and what are the most significant consequences?

Porsche's CEO, Oliver Blume, announced a new round of cost-cutting measures due to a challenging market environment and slower-than-expected e-mobility transition. The company's first-quarter 2025 operating profit dropped 40.6 percent to €0.76 billion, and a second structural package will be negotiated in the second half of 2025.

forbes.com

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Jul 23, 10:16

U.S.-Japan Trade Deal Lowers Tariffs, Spurs Stock Market Surge Amid Industry Criticism

The U.S. and Japan reached a trade agreement on Tuesday, lowering tariffs on Japanese cars to 15%, prompting a surge in Japanese stocks, particularly automakers like Toyota (up 14.34%), Honda (up 11.15%), Nissan (up 8.28%), and Subaru (up 16.61%). However, the deal faced immediate criticism from U.S...

U.S.-Japan Trade Deal Lowers Tariffs, Spurs Stock Market Surge Amid Industry Criticism

The U.S. and Japan reached a trade agreement on Tuesday, lowering tariffs on Japanese cars to 15%, prompting a surge in Japanese stocks, particularly automakers like Toyota (up 14.34%), Honda (up 11.15%), Nissan (up 8.28%), and Subaru (up 16.61%). However, the deal faced immediate criticism from U.S...

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What are the immediate economic consequences of the newly agreed upon U.S.-Japan trade deal, specifically regarding tariffs on Japanese vehicles and the reaction of the Japanese stock market?

The U.S. and Japan finalized a trade agreement, lowering tariffs on Japanese vehicles to 15% from a threatened 25%. This followed President Trump's earlier threats of tariffs against multiple countries. Japanese stocks, particularly automakers, surged on the news.

kathimerini.gr

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Jul 22, 13:12

Changan Enters Greek EV Market

Changan Hellas, established with €850,000 capital and headed by Giorgos Vasilakis, marks the entry of Changan Automobile's electric and plug-in hybrid vehicles into the Greek market in October, adding to the growing Chinese EV presence in Europe and challenging established brands.

Changan Enters Greek EV Market

Changan Hellas, established with €850,000 capital and headed by Giorgos Vasilakis, marks the entry of Changan Automobile's electric and plug-in hybrid vehicles into the Greek market in October, adding to the growing Chinese EV presence in Europe and challenging established brands.

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Affordable and Clean Energy

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What is the significance of Changan Hellas' establishment for the Greek and broader European automotive market?

Changan Hellas, a new company headed by Giorgos Vasilakis, marks Changan Automobile's entry into the Greek electric vehicle market. Initially capitalized at €100,000, it increased to €850,000 on July 10th, aiming to sell and lease electric and plug-in hybrid vehicles.

lemonde.fr

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Jul 21, 13:15

Stellantis Reports €2.3 Billion Net Loss in First Half of 2025

Stellantis announced a €2.3 billion net loss for the first half of 2025, primarily due to decreased sales (down 12.5% to €74.3 billion in revenue), increased production costs, and $300 million in US tariffs; the company also ended its hydrogen program.

Stellantis Reports €2.3 Billion Net Loss in First Half of 2025

Stellantis announced a €2.3 billion net loss for the first half of 2025, primarily due to decreased sales (down 12.5% to €74.3 billion in revenue), increased production costs, and $300 million in US tariffs; the company also ended its hydrogen program.

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What are the key factors contributing to Stellantis's substantial first-half 2025 loss, and what are the immediate consequences for the company?

Stellantis, a major European automaker, reported a €2.3 billion net loss in the first half of 2025, a stark contrast to its €5.6 billion profit in the same period of 2024. This downturn is attributed to decreased sales (12.5% drop in revenue), increased production costs, and US tariffs.

theglobeandmail.com

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Jul 21, 13:15

BMW M5 Touring: A Case of Automotive Excess?

This article reviews the BMW M5 Touring, highlighting its blend of sports car performance and family-friendly practicality, while questioning the trend of over-engineered vehicles and suggesting simpler designs might be preferable, contrasting it with other models like the M2 and M240i.

BMW M5 Touring: A Case of Automotive Excess?

This article reviews the BMW M5 Touring, highlighting its blend of sports car performance and family-friendly practicality, while questioning the trend of over-engineered vehicles and suggesting simpler designs might be preferable, contrasting it with other models like the M2 and M240i.

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How does the comparison between the BMW M2 and M240i illustrate the potential drawbacks of excessive performance features in a road car?

The article compares the M5 Touring to excessive novelty food items at the CNE, highlighting how "more" isn't always better. This excess manifests in overwhelming features and settings, compromising the driving experience despite impressive performance capabilities. The comparison extends to other BMW models, contrasting the M2's raw power with the M240i's superior practicality for daily driving.

german.china.org.cn

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Jul 19, 13:14

Tesla Highlights China's Crucial Role in its Global Supply Chain

Tesla's Shanghai Gigafactory, producing a vehicle every 30 seconds with 95% local parts for Model 3 and Y, contributed nearly half of Tesla's global deliveries in June 2025, showcasing China's crucial role in its supply chain strategy, as highlighted at the China International Supply Chain Expo.

Tesla Highlights China's Crucial Role in its Global Supply Chain

Tesla's Shanghai Gigafactory, producing a vehicle every 30 seconds with 95% local parts for Model 3 and Y, contributed nearly half of Tesla's global deliveries in June 2025, showcasing China's crucial role in its supply chain strategy, as highlighted at the China International Supply Chain Expo.

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Industry, Innovation, and Infrastructure

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What is the significance of Tesla's Shanghai Gigafactory's production levels and local integration for the global automotive industry?

Tesla's Shanghai Gigafactory, producing a vehicle roughly every 30 seconds, achieved a 95% local parts integration rate for Model 3 and Y lines. In June, this factory accounted for almost half of Tesla's global deliveries, exceeding 3 million vehicles produced since its launch. This highlights China's crucial role in Tesla's global supply chain strategy.

elmundo.es

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Jul 17, 07:11

Renault Issues Profit Warning, Stock Plunges 18%

Renault issued a profit warning, causing an 18% stock drop, due to a weak first-half 2025, revising its operating margin forecast to 6.5% and free cash flow to €1-1.5 billion, while appointing an interim CEO, Duncan Minto.

Renault Issues Profit Warning, Stock Plunges 18%

Renault issued a profit warning, causing an 18% stock drop, due to a weak first-half 2025, revising its operating margin forecast to 6.5% and free cash flow to €1-1.5 billion, while appointing an interim CEO, Duncan Minto.

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What immediate impact did Renault's profit warning and revised forecasts have on its stock price and overall market standing?

Renault, Europe's last major automaker without a profit warning, issued one after reporting weak first-half results and slashing its full-year forecast. The announcement caused an 18% stock plunge, exceeding the drop following CEO Luca de Meo's departure. An interim CEO, Duncan Minto, was appointed to ensure a swift response.

Showing 97 to 108 of 727 results