According to Bloomberg, the U.S. tariffs on Canadian and Mexican products could cause U.S. auto prices to rise up to $12,000 and wreaking havoc on the North American supply chain. After the U.S. taxes on Canadian and Mexican products, the cost of producing a crossover utility vehicle will increase by at least $4,000, and the cost of electric vehicles can increase up to $12,000, and those costs are likely to be passed on to consumers, according to a new study by Anderson Economic Group, a Michigan auto consulting firm. “This […]
According to foreign media reports, in order to accelerate the process of corporate transformation, Audi announced that it will establish a new “transformation, consulting and organization” department from March 1, 2025 to integrate all transformation-related functions. This measure is another important strategic deployment after the implementation of serial organizational structure adjustment at the beginning of the year, aiming to enhance corporate competitiveness by optimizing organizational efficiency and simplifying management processes. However, Audi will also lay off employees in this restructuring. Audi said the head of its new division, “Transformation, Consulting and Organization” is led by Yvonne Bettkober, who […]
On March 3, Gastron learned that Xiaomi Group partner and president Lu Weibing said at a global press conference for the Xiaomi 15 series in Barcelona, Spain: “It is more important than ever to promote our development in the high-end market.” After five years of exploration, Xiaomi’s high-end development has ushered in a new stage, and its mobile phone, automobile, and AIoT businesses are all accelerating their overseas trip. In addition to officially launching the Xiaomi 15 series, Xiaomi also announced that it will officially launch large household appliances overseas and will sell Xiaomi cars to the […]
According to foreign media reports, Volkswagen Group of America will recall nearly 60,500 2021-2023 Audi and Volkswagen brands, because the gears of the vehicle may not be displayed correctly, which may cause the vehicle to slip without parking brake enabled. A statement released by the National Highway Traffic Safety Administration (NHTSA) shows that a faulty instrument cluster may not display the “N” gear correctly. NHTSA revealed that the affected models include some 2021 to 2023 Volkswagen ID.4, as well as the 2022 to 2023 Audi Q4 e-Tron and Q4 e-Tron Sportback. […]
According to a statement released on February 26, the Italian Agnelli family is selling about 3 billion euros ($3.15 billion) of shares in Ferrari Auto through its controlling investment company Exor NV. However, even after selling 7 million common shares of the luxury automaker, the Italian century-old family will remain Ferrari’s largest shareholder, retaining about 30% of the voting rights. Exor NV’s statement said the shares sold are equivalent to about 4% of Ferrari’s issued share capital and will be completed through an accelerated bookkeeping issuance for institutional investors. Goldman Sachs […]
According to foreign media reports, on February 26, Stellantis Chairman John Elkann said in a conference call with analysts that the Trump administration should avoid imposing 25% import tariffs on Mexican and Canadian products, but instead impose tariffs on imported cars that do not contain any U.S. parts. Stellantis Group believes that Trump’s tariff policy will seriously impact automakers that produce most of the cars in the United States like Stellantis. John Elkann also said: “If the Trump administration really wants to increase jobs in the United States, promote manufacturing and attract investment, the real […]