On November 5, Italian luxury automaker Ferrari announced that in the third quarter of this year, its net revenue rose 6.5% year-on-year to 1.644 billion euros; adjusted EBITDA rose 10.3% year-on-year to 467 million U.S. dollars; adjusted EBITDA margin was as high as 28.4%, higher than that of […]
On November 5, 2024, French tire manufacturer Michelin announced that in view of the difficulties and increasing pressures in the European automotive industry, the company plans to close two factories in France. This decision will directly affect about 1,250 employees and become an important measure for Michelin in the face of uncertainty and transformation pressure […]
[Tokyo report] According to the latest news from the Yomiuri Shimbun, Nissan Motor and Mitsubishi Corporation announced that the two parties have decided to establish a new joint venture by the end of fiscal year 2024 (April 2024-March 2025) to focus on autonomous driving vehicles and electric vehicle (EV) related services. This strategic cooperation will […]
According to Reuters, on November 3, Martin Kupka, Minister of Transport of the Czech Republic, said that when the EU’s stricter carbon dioxide emissions regulations will take effect next year, the Czech Republic will join the ranks of Italy to seek preventing automakers from facing the discharge of discharge. […]
NAAMSA has attributed the decline in South Africa’s exports to “replacement of a South African large -scale OEM model, the stricter emission regulations in the European Union, and the influx of low -cost electric vehicles in China.” As South Africa’s largest automobile export market, the European Union has been […]
According to foreign media reports, Donald Trump, a Republican presidential candidate for the United States, said that if Stellandis decides to transfer his job from the United States to Mexico, he will impose 100%tariffs on Stellandis’s vehicles. Trump’s move aims to protect the US manufacturing jobs and prevent enterprises […]