German automotive giant Porsche SE announced its financial results for the first nine months of 2024, revealing a significant decline in net profit. The company reported a 33% drop in after-tax earnings, which fell to €2.5 billion, largely due to the performance of its investments in Porsche and Volkswagen. According to the report, the […]
According to Bloomberg, people familiar with the matter revealed that in the negotiations with China on an electric vehicle tariff alternative, the European Union believed that the current progress was very limited and the prospects of the agreement were quickly reached. […]
According to Reuters, on November 11, the CEO of the three major computer chip manufacturers in Europe said that the United States, China and European governments demanded that their own semiconductor production lines in various regions are increasingly becoming an obstacle to the development of semiconductor enterprises. […]
According to Reuters, Southeast Asian Industrial Park developers said that there have been companies that have always moved factories from China to Southeast Asia. If the next President of the United States Trump imposed high tariffs on products imported from China, it is expected that this trend will […]
According to Automotive News, automotive seat supplier Adient’s net profit and comprehensive revenue declined last quarter due to difficulties in the European and American markets. From July to September this year, Adient’s revenue fell 4% year-on-year to $3.562 billion; net profit was $79 million, a year-on-year decrease of 41%; adjusted EBITDA remained stable at $235 […]
After a week of technical negotiations in China, the two sides said that they had made some progress in reducing or withdrawing “the EU’s tariffs on Chinese electric vehicles.” The European Commission said the negotiations had made “technical progress,” and the Chinese Ministry of Commerce agreed in a separate statement. Previously, both the EU and […]