In early October, representatives of EU member states voted to pass the draft ruling of the EU electric vehicle anti -subsidy case, and planned to levy the final anti -subsidy tax on electric vehicles native to China. Based on this, the European Union passed this resolution, and it is expected to start a 45%import tariff on Chinese electric vehicles next month. The European Commission announced that this decision aims to protect the EU’s automotive industry and prevent Chinese companies from obtaining unfair price advantages in the market due to government subsidies. The tariffs involved a number of car […]
According to Bloomberg, in the first nine months of this year, Stellandis’s passenger car output in Italy fell sharply, a decrease of 41%, which exacerbated employees’ concerns about potential unemployment issues. Some employees of Stellandis are planning to participate in demonstrations in the Italian capital Rome on October 18, local time. Some union members from France and the United States are expected to join the demonstration to jointly protest the decline in the output of Italian cars. On October 17, the American Automobile Workers’ Federation (UAW) said in an interview with Brandon Campbell at the 2024 […]
According to reports and selling news reports, Toyota, Honda and Nissan have reached an agreement, and will strengthen cooperation in automotive software development. The three companies plan to unify the standards of vehicle control systems, such as the opening and closing methods of doors and windows, and the operation method of wiper. In addition, Suzuki and several semiconductor and communication companies will also cooperate to develop software such as autonomous driving, map information and other software by the end of 2024. Cooperation between Japanese companies will accelerate to compete with the leading US and Chinese manufacturers in […]
Ferrari has officially launched its highly anticipated F80 flagship sports car, setting the starting price at an impressive €3.6 million. This new model represents the pinnacle of Ferrari’s engineering and design, combining cutting-edge technology with the brand’s signature performance. Ferrari has unveiled a new top-of-the-line supercar: the 1,183-horsepower F80 hybrid. The powerful model continues the tradition of Ferrari’s flagship supercars, inheriting the glory of iconic models such as the F40, F50, Enzo and LaFerrari. Ferrari said the F80, which debuted on October 17, is seen as “the pinnacle of internal combustion engine automotive engineering.” The company said the F80 will be limited to 799 units, each with a starting […]
The Canadian Department of Finance announced that Canadian companies can request temporary exemptions from tariffs imposed on imports of electric vehicles, steel, and aluminum products from China. In a statement, the department indicated that tariff exemptions will be granted in specific and exceptional circumstances, aimed at assisting local businesses in adjusting their supply chains in response to the new tariffs. This move is expected to provide relief to Canadian companies facing increased costs due to the tariffs, facilitating smoother operations and maintaining competitiveness in the market. The government emphasizes its commitment to supporting domestic industries while navigating the complexities of international trade relationships. This policy could help mitigate […]
Swedish truck manufacturer Volvo Group reported on October 18 that its adjusted profit for the last quarter declined more than market expectations. This result was primarily driven by a decrease in freight and construction activities, which limited vehicle sales. The earnings report indicated that, while the company maintains a certain market share in some areas, overall sales have significantly declined. Volvo Group expects market demand to stagnate next year, presenting challenges for future growth. Analysts believe that global economic uncertainty and rising raw material costs will continue to impact the market for trucks and heavy machinery. In light of the increasingly challenging market environment, Volvo Group may need to […]