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 […]
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 […]
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. […]
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. […]
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 […]
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 […]