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 gradually implementing stricter carbon emissions regulations to reduce carbon dioxide emissions of cars. Naamsa CEO Mikel Mabasa said that the European automobile market is weak because the EU’s economic growth rate in the first three quarters of this year is 0.3%, and Germany is expected to decrease by 0.2%of its […]
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 from producing outsourcing. The above remarks are a response to another speaker at the Michigan assembly. The speaker pointed out that Stellandis has always produced cars in Mexico. And Trump’s proposal is part of its widespread vision, to stay in the United States, and reduce dependence on foreign production. […]
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 in the global automotive industry. Michelin said in a statement that the closure of the two factories was based on the company’s deliberate decision on future business layout. The company pointed out that the European automotive industry is facing multiple challenges such as falling demand, rising costs and high energy prices, which has led to […]
According to Reuters, on November 4, Maros SEFCOVIC, a candidate for the EU Trade Commissioner, said that any agreement reached by Chinese electric vehicle manufacturers on the minimum import price of electric vehicles needs to be as effective as implement. Maros SEFCOVIC confirmed to the EU Parliament Committee that EU trading officials are negotiating in China. Maros SEFCOVIC said: “For the European Union, the very important point is that even if China and the European Union uses a price commitment to replace tariffs, it must be as effective and executable as the EU’s import tariffs. This is definitely the key […]
According to Reuters, on November 4, the European Environmental Organization Transportation and Environment (T & E) made five key suggestions to the European Union. Realize the net zero emission goals in the field of transportation. Following the report released by the President of the European Central Bank and former Italian Prime Minister Mario Draghi before September this year, the European Union is seeking a more coordinated industrial policy, which will involve large -scale investment, including green technology investment. In the report, T & E stated: “It is necessary to urgently formulate an EU -level investment […]
According to foreign media reports, Marc Ferracci, the new French Minister of Industry, hopes to formulate a assistance plan for the European automobile industry, focusing on coordinating subsidies for electric vehicles in EU countries. In addition, he also hopes to revise the carbon dioxide reduction target of automobile manufacturers. In an interview with German media, Ferracci proposed that the EU countries would follow the French current electric vehicle subsidy plan. France distributes subsidies such as carbon dioxide emissions in the process of vehicle and battery production to eliminate vehicles from China. In order to […]