According to foreign media reports, on November 29, S & P Global said in a report that if the United States impose import tariffs on Europe, Mexico and Canada, the total core profit of European and American auto manufacturers may be It will lose as high as 17%and warn that the credit rating of relevant enterprises may be reduced. S & P said that Volvo and Jaguar Land Rover are mainly produced in European luxury car manufacturers, as well as general cars and Stellandis groups that assemble a large number of cars in Mexico and Canada, the most […]
German trade union IG Metall said Volkswagen workers will hold warning strikes at factories in Germany on December 2, the first large-scale strike in Volkswagen’s German domestic business since 2018. IG Metall said that due to the conflict between labor and management over the future of Volkswagen’s German business, workers at nine Volkswagen car and parts factories in Germany will strike for several hours on December 2, which will lead to assembly line shutdowns. Thousands of people are expected to gather at Volkswagen’s headquarters in Wolfsburg. Demonstrations are also expected at the Hanover plant (which has about 14,000 employees) and other parts and car plants, including Emden, Salzgitter and […]
Canada has announced the e-Auto Challenge program, which aims to accelerate the transition to electric vehicles. The new program will provide funding for research in various fields to help develop the next generation of light electric vehicles. The program is expected to officially launch late next year. The National Research Council of Canada (NRC) clarified in a press release that the new program, led by the NRC, will bring together stakeholders from the light vehicle supply chain and academic institutions “to accelerate the development and deployment of electric vehicle technologies while convening Canada’s R&D capabilities.” These stakeholders include small and medium-sized businesses, academia, federal and local governments, academia, community partners […]
In October, the last month before the EU’s tariffs on Chinese electric cars officially took effect, Chinese electric car companies’ sales in Europe fell. According to data from research firm Dataforce, Chinese electric car companies such as SAIC MG and BYD accounted for 8.2% of European electric car registrations in October, down from 8.5% in September this year, and also lower than the same period last year for the fourth consecutive month. However, BYD is continuing to expand its influence in Europe. Data from Jato Dynamics, which tracks the automotive market, showed that BYD’s European sales in October more than doubled year-on-year to 4,630 vehicles, surpassing SAIC MG, which […]
If Japanese automakers Nissan and Honda merge, it will provide more room for cost cutting, profitability and more effective investment in electric vehicles and other technologies. Nissan, which is currently valued at $9 billion, is in even more trouble: poor performance prompted Nissan to make emergency adjustments this month. Nissan CEO Makoto Uchida’s turnaround plan includes cutting 9,000 employees worldwide and reducing production capacity by 20%. Visible Alpha predicts that Nissan’s automotive division operating profit margin may be only 0.4% by the end of March 2026. Honda, which is valued at $40 billion, is also performing poorly. Currently, Honda’s automotive manufacturing business has an operating profit margin of only […]
According to Bloomberg, in October this year, the last month before the EU’s tariffs on China Electric Motors was officially effective, sales of Chinese electric vehicle companies declined in Europe. Data from the research institution DataForce show that the European sales volume of Chinese electric vehicle companies such as SAIC (MG) and BYD accounted for 8.2%of European electric vehicle registration in October, which is reduced from 8.5%in September this year, and it is also continuously ranked continuously in a row Four months lower than the same period last year. However, BYD is continuing to […]