According to Reuters, recently, Hyundai Motor India, the second largest car manufacturer in India, released its first financial report after its listing. In the last quarter, the company’s quarterly profit decreased by 16.5%due to the decline in domestic sales in India and the tension of the Red Sea. According to the financial report of Hyundai Automobile India, in July to September this year, the company sold 149,639 vehicles in the Indian market and exported 42,300 vehicles; revenue decreased by 7.5%year-on-year The 16.02 billion rupees fell to 13.38 billion rupees (about 158.6 billion US dollars). The company […]
According to the European Automobile News, a spokesman for Volkswagen Group on November 12 said the company failed to find a buyer for its Audi factory in Brussels, which may cause the factory to be closed. It is reported that a potential investor from the commercial vehicle industry has withdrawn the letter of intent. The above -mentioned spokesman said, “The factory has no potential investors, so the active finding investors’ work has ended.” The current focus is to discuss the layoff plan. According to the spokesman, the working group who found other possibilities for the factory hopes to […]
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. After a week of talks in China, both China and the European parties have claimed to have made some progress, and this week China and the European Union will continue to conduct technical talks. However, people familiar with the matter said that the possibility of reaching […]
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. In the context of Donald Trump’s re -election, Germany’s CEO of Infineon, French joint venture, STMICROELECTRONICs, and Dutch Enshi Semiconductor (NXP) attended a game together Activity. They said that in the past ten years, these three companies have been facing challenges of uncertainty and trends of nationalist industrial policy. […]
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 accelerate this trend will accelerate this trend will accelerate this trend will accelerate. Essence Trump threatened to impose as much as 60%of tariffs on products imported from China during the campaign, which is much higher than the tariff rate of “7.5%to 25%” in his first term. Therefore, developers of Southeast Asian Industrial Park are increasing […]
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 million. In terms of the market, Adient’s sales in Europe and the Americas fell 8% and 6% respectively last quarter, while sales in China increased by 5%. The company’s chief financial officer Mark Oswald said that the reasons for the decline in performance in the Americas included the stagnation of large-volume projects such as […]