Tag #Automotive Industry

Showing 97 to 108 of 438 results

bbc.com

🌐 85% Global Worthiness

Mar 17, 13:15

Mercedes-Benz Launches New Electric CLA-Class, Tesla Raises Tariff Concerns, Toyota Expands in Europe

Mercedes-Benz unveiled its new electric CLA-Class, boasting superior range compared to Tesla Model 3; Tesla expressed unsigned concerns to the US government about potential trade war repercussions from tariffs; Toyota announced six new electric models for Europe; Lexus showcased a simulated sports c...

Mercedes-Benz Launches New Electric CLA-Class, Tesla Raises Tariff Concerns, Toyota Expands in Europe

Mercedes-Benz unveiled its new electric CLA-Class, boasting superior range compared to Tesla Model 3; Tesla expressed unsigned concerns to the US government about potential trade war repercussions from tariffs; Toyota announced six new electric models for Europe; Lexus showcased a simulated sports c...

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Industry, Innovation, and Infrastructure

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What are the key features and market implications of the new Mercedes-Benz CLA-Class electric vehicle?

This week's automotive news features Mercedes-Benz unveiling the new CLA-Class, the most efficient and intelligent model to date, marking the first of a series of electric models to be launched in the next two years. Tesla sent an unsigned letter to the US government expressing concerns about potential retaliatory tariffs, while Toyota announced six new electric models for the European market and Lexus introduced a simulated sports car gear-shift system for its electric vehicles.

repubblica.it

🌐 65% Global Worthiness

Mar 16, 19:14

Luxury Car Brands Drive Premium Real Estate Market

Luxury car brands like Aston Martin, Bugatti, Bentley, and Pagani are developing branded residential projects in Miami and Dubai, adding 20-40% value and demonstrating high demand, as seen by Aston Martin's 99% sales in its 66-story Miami tower.

Luxury Car Brands Drive Premium Real Estate Market

Luxury car brands like Aston Martin, Bugatti, Bentley, and Pagani are developing branded residential projects in Miami and Dubai, adding 20-40% value and demonstrating high demand, as seen by Aston Martin's 99% sales in its 66-story Miami tower.

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Reduced Inequality

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What is the impact of luxury car brands entering the real estate market?

Luxury car brands are increasingly developing branded residential projects, adding significant value to real estate. For example, the Aston Martin Residences in Miami sold 99% of its units, demonstrating strong market demand. This trend is expanding globally, with projects in Dubai also underway.

elmundo.es

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Mar 15, 13:12

Spain's Aging Car Fleet: A Deadly Trend

In Spain, the average age of cars is 14.5 years, leading to almost 2,700 deaths in accidents involving vehicles over 15 years old between 2011 and 2020; this is due to a lack of safety features and limited government support for replacing older cars.

Spain's Aging Car Fleet: A Deadly Trend

In Spain, the average age of cars is 14.5 years, leading to almost 2,700 deaths in accidents involving vehicles over 15 years old between 2011 and 2020; this is due to a lack of safety features and limited government support for replacing older cars.

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Good Health and Well-being

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What is the impact of Spain's aging car fleet on traffic fatalities?

Between 2011 and 2020, almost 2,700 people died in accidents involving cars older than 15 years in Spain. The percentage of vehicles over 15 years involved in fatal accidents tripled, from 15% to 44%. This is largely due to the lack of safety features in older vehicles.

theglobeandmail.com

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Mar 14, 19:15

BMW Projects €1 Billion Loss from New Trade Tariffs

BMW forecasts a €1 billion loss in 2025 due to new trade tariffs on its China-made EVs and US imports, impacting its global supply chains and highlighting the financial strain from trade tensions between China, Europe, and the U.S.

BMW Projects €1 Billion Loss from New Trade Tariffs

BMW forecasts a €1 billion loss in 2025 due to new trade tariffs on its China-made EVs and US imports, impacting its global supply chains and highlighting the financial strain from trade tensions between China, Europe, and the U.S.

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Decent Work and Economic Growth

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What is the immediate financial impact of the newly imposed trade tariffs on BMW, and what specific actions has the company taken to address it?

BMW projects a €1 billion ($1.09 billion) loss in 2025 due to new trade tariffs. This accounts for EU duties on its China-made EVs and US duties on steel, aluminum, and Mexican vehicle imports. Further tariffs could significantly worsen this.

kathimerini.gr

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Mar 14, 01:10

Corporate EV Leasing: A Bridge to Sustainable Transport?

Increased corporate leasing of electric vehicles is a response to EU regulations on CO2 emissions, benefiting both businesses seeking sustainable transport and automakers needing to meet emission targets, although the long-term sustainability of this approach is uncertain.

Corporate EV Leasing: A Bridge to Sustainable Transport?

Increased corporate leasing of electric vehicles is a response to EU regulations on CO2 emissions, benefiting both businesses seeking sustainable transport and automakers needing to meet emission targets, although the long-term sustainability of this approach is uncertain.

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Climate Action

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What are the primary benefits of electric vehicle leasing for both businesses and auto manufacturers?

The rise in corporate EV leasing stems from EU regulations penalizing high CO2 emissions. Automakers are using leasing to increase EV sales to corporations, bypassing hesitant individual consumers. This approach benefits both businesses, who can assess EVs without major investment, and manufacturers, who meet emission targets by boosting EV production.

sueddeutsche.de

🌐 75% Global Worthiness

Mar 14, 13:11

Daimler Truck Announces €1 Billion Cost-Cutting Program

Daimler Truck announced a cost-cutting program, "Cost Down Europe," aiming to reduce recurring costs by over €1 billion in its European truck division by 2030, including job cuts but excluding compulsory redundancies in Germany until 2029; negotiations with the works council are ongoing.

Daimler Truck Announces €1 Billion Cost-Cutting Program

Daimler Truck announced a cost-cutting program, "Cost Down Europe," aiming to reduce recurring costs by over €1 billion in its European truck division by 2030, including job cuts but excluding compulsory redundancies in Germany until 2029; negotiations with the works council are ongoing.

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Decent Work and Economic Growth

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What specific cost-cutting measures will Daimler Truck implement to address its declining profitability in the European truck market, and what are the immediate consequences?

Daimler Truck, facing a downturn in its European truck division, announced a "Cost Down Europe" program targeting over €1 billion in recurring cost reductions by 2030. This includes workforce reductions, though the company assures no compulsory redundancies in Germany until at least 2029. The program prioritizes Germany, where approximately 35,500 employees are currently working, excluding bus segment workers.

elpais.com

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Mar 17, 10:10

Trump's Tariffs Threaten Mexico's Automotive Industry

Facing potential US tariffs, Mexico's automotive industry, a major exporter to the US, generating nearly $100 billion annually, faces economic uncertainty, potentially impacting 900,000 jobs; analysts debate the feasibility and timeline of US reshoring.

Trump's Tariffs Threaten Mexico's Automotive Industry

Facing potential US tariffs, Mexico's automotive industry, a major exporter to the US, generating nearly $100 billion annually, faces economic uncertainty, potentially impacting 900,000 jobs; analysts debate the feasibility and timeline of US reshoring.

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Decent Work and Economic Growth

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What are the immediate economic consequences for Mexico if Trump imposes tariffs on Mexican auto exports to the US?

Mexico is the world's 8th largest exporter, with the US as its top trading partner. The automotive sector is key, exporting roughly 80% of its vehicles to the US, generating nearly $100 billion in revenue last year. Trump's proposed tariffs threaten this vital industry and the jobs of nearly 900,000 Mexican auto workers.

elmundo.es

🌐 85% Global Worthiness

Mar 15, 22:12

Toyota's Multi-Technology Approach Aligns with EU's Slower EV Transition

Toyota's Kenshiki Forum showcased its multi-technology approach to vehicle development, emphasizing customer needs and a balanced approach to electrification, coinciding with the EU's decision to slow the electric vehicle transition; this strategy includes the FT-Me micro-EV and three new electric S...

Toyota's Multi-Technology Approach Aligns with EU's Slower EV Transition

Toyota's Kenshiki Forum showcased its multi-technology approach to vehicle development, emphasizing customer needs and a balanced approach to electrification, coinciding with the EU's decision to slow the electric vehicle transition; this strategy includes the FT-Me micro-EV and three new electric S...

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Climate Action

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What is the significance of Toyota's multi-technology approach in light of the EU's revised electric vehicle transition timeline?

Toyota's multi-technology approach, including hybrid, fuel cell, hydrogen combustion, and fully electric vehicles, aligns with the EU's recent decision to slow the electric vehicle transition. This strategy, prioritizing customer needs, has yielded strong sales growth (16.5% in 2024), exceeding market growth.

repubblica.it

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Mar 15, 01:14

BMW Reports 37% Profit Drop, Announces Multi-Energy Strategy

BMW Group's 2024 net profit fell 37% to €7.6 billion due to a China market slowdown, but the company announced a multi-energy strategy with 40 new models by 2027, including hydrogen fuel cell vehicles by 2028, despite anticipating €1 billion in tariff losses in 2025.

BMW Reports 37% Profit Drop, Announces Multi-Energy Strategy

BMW Group's 2024 net profit fell 37% to €7.6 billion due to a China market slowdown, but the company announced a multi-energy strategy with 40 new models by 2027, including hydrogen fuel cell vehicles by 2028, despite anticipating €1 billion in tariff losses in 2025.

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Climate Action

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How does BMW's multi-energy strategy address the evolving automotive landscape, and what are the anticipated market effects?

The decrease in revenue to €142.3 billion (8.4% down from 2023) is attributed to a sharp slowdown in the Chinese market, offset by positive results in other regions, including Italy. BMW delivered 2,450,804 vehicles globally, with 24.2% being electrified (593,215 units), showcasing a 13% increase in pure electric vehicle sales.

elmundo.es

🌐 75% Global Worthiness

Mar 14, 04:09

Seat Faces Financial Strain Due to Tariffs on Chinese Electric Vehicles

Seat CEO Wayne Griffiths criticizes tariffs on Chinese electric vehicles, citing a 20.7% tariff on the Cupra Tavascan causing a 0.6% drop in operating margin and threatening production cuts for less profitable models unless the tariff is reduced or eliminated.

Seat Faces Financial Strain Due to Tariffs on Chinese Electric Vehicles

Seat CEO Wayne Griffiths criticizes tariffs on Chinese electric vehicles, citing a 20.7% tariff on the Cupra Tavascan causing a 0.6% drop in operating margin and threatening production cuts for less profitable models unless the tariff is reduced or eliminated.

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Decent Work and Economic Growth

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How are the tariffs affecting Seat's production strategy and investment plans?

The tariffs, imposed just two months prior, cost Seat hundreds of millions of euros annually, jeopardizing the company's 1 billion euro yearly investment plan. The situation has prompted negotiations for tariff reduction, with support from the Spanish and German governments.

sueddeutsche.de

🌐 75% Global Worthiness

Mar 14, 07:13

Mercedes-Benz CEO Warns of US-EU Trade Conflict Impact

Mercedes-Benz CEO Ola Källenius voiced concern over a potential US-EU trade conflict, emphasizing Europe's export-dependent economy despite Mercedes's large US production (260,000 cars in Tuscaloosa, Alabama, and Sprinters in Charleston, South Carolina) and US sales (324,500 cars and 49,500 vans in ...

Mercedes-Benz CEO Warns of US-EU Trade Conflict Impact

Mercedes-Benz CEO Ola Källenius voiced concern over a potential US-EU trade conflict, emphasizing Europe's export-dependent economy despite Mercedes's large US production (260,000 cars in Tuscaloosa, Alabama, and Sprinters in Charleston, South Carolina) and US sales (324,500 cars and 49,500 vans in ...

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Decent Work and Economic Growth

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How does Mercedes-Benz's substantial US production and export activity influence its stance on the US-EU trade dispute?

While Mercedes-Benz's US production minimizes direct tariff impacts, the CEO's concern underscores Europe's export-driven economy's vulnerability in trade wars. Källenius points out that post-WWII European growth was significantly fueled by trade, making protectionism counterproductive. Mercedes's substantial US production (260,000 cars in Tuscaloosa alone) and export volume highlights its global interconnectedness.

elmundo.es

🌐 65% Global Worthiness

Mar 13, 16:12

Seat Delays Electric Vehicle Production Amidst Market Uncertainty

Seat delays its electric vehicle production due to low market demand (5% in Spain, <14% in Europe) and prioritizes profitability, while focusing on Cupra's expansion into the US market by 2030 and investing €10 billion in the Future: Fast Forward project.

Seat Delays Electric Vehicle Production Amidst Market Uncertainty

Seat delays its electric vehicle production due to low market demand (5% in Spain, <14% in Europe) and prioritizes profitability, while focusing on Cupra's expansion into the US market by 2030 and investing €10 billion in the Future: Fast Forward project.

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Industry, Innovation, and Infrastructure

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What factors are influencing Seat's decision to delay the production of its own electric vehicle?

Seat will not produce an electric car until the market share reaches 30-40%, prioritizing profitability. This decision reflects current low electric vehicle adoption rates (5% in Spain, <14% in Europe). Seat also will not participate in VW's ID.1 electric vehicle project.

Showing 97 to 108 of 438 results