The EPP Group thanked workers’ representatives for what it described as an active and honest discussion at its Automotive Industry Summit. It said changes facing Europe’s car industry affected millions of jobs, families and people’s futures, and pledged to listen and act. https://t.co/30ivNE1qRw #AutomotiveIndustry #EPPGroup #JobSecurity #EU #DE
Such voluntary export restrains lead of course to higher import prices, while at the same time give incentives to Chinese producers to relocate production to Europe. The end effect is the same. VERs did not save US automotive industry from Japanese competition, neither will do #TradePolicy #Economics #AutomotiveIndustry #CN #EU #US #JP
🇩🇪🇨🇳 German Carmakers’ China Woes Deepen With Another Drop in Exports - Bloomberg https://t.co/2MASaE47Xn https://t.co/dJmwDxGSUP #GermanCarmakers #ChinaExports #AutomotiveIndustry #DE #CN
Unfortunately, there is no way you can force Chinese citizens to buy millions Volkswagen cars yearly as they did till a couple of years ago. THIS was the very source for VW’s profits in the last 10 years and it’s gone. No tariff on Chinese cars sold in Europe will help. #Volkswagen #China #automotiveindustry #CN #DE #EU
🇨🇳 🇪🇺 🚗 Chinese cars have just crossed a symbolic threshold in Europe as for the first time, they accounted for more than one in ten new car purchases last month ⚠ ➡️ This figure matters much more than it may seem because it points to a deeper shift in the balance of power https://t.co/LyRSL8cXvf #ChineseCars #EuropeanMarket #AutomotiveIndustry #CN #EU
As Germany's automotive sector faces growing challenges, companies like Mercedes-Benz and Volkswagen are exploring potential ventures into the defence industry, with Mercedes-Benz CEO Ola Källenius expressing openness to supporting Europe's defence efforts, while defence firms are eyeing idle automotive factories and skilled workers, although analysts remain skeptical about the defence sector's ability to compensate for the automotive industry's decline. #AutomotiveIndustry #DefenseSector #EconomicShift #DE #EU #US #CN #SE
Honda has reported its first annual loss in 70 years, amounting to 423 billion yen ($2.68 billion), due to disappointing demand for electric vehicles (EVs) and the impact of policy changes in the U.S., leading the company to scale back its EV production goals and focus on motorcycle and hybrid vehicle development. #Honda #ElectricVehicles #AutomotiveIndustry #JP #US #CN #IN #CA #IR
Chinese electric-vehicle manufacturer BYD is in negotiations with Stellantis and other automakers to acquire their underutilized European plants as part of its international expansion strategy, following a significant write-down on Stellantis' EV operations due to overestimated demand. #ElectricVehicles #AutomotiveIndustry #InternationalExpansion #CN #FR #IT #ES #HU
Honda has reported its first annual loss in 70 years, amounting to 423 billion yen ($2.68 billion), due to disappointing revenue from electric vehicle investments and plans to pivot by focusing on motorcycles, financial services, and hybrid vehicles, while abandoning its previous electric vehicle production targets. #Honda #ElectricVehicles #AutomotiveIndustry #JP #CN #US #CA #IN
Japanese automaker Honda has reported its first annual loss in 70 years, totaling 423 billion yen ($2.68 billion), primarily due to disappointing electric vehicle demand and costs associated with investments in the EV market, leading the company to scale back its EV production goals and focus on motorcycles and hybrid vehicles while citing external factors like U.S. policy changes and increased competition from Chinese firms. #Honda #ElectricVehicles #AutomotiveIndustry #JP #CN #US #CA #IN #IR
Japanese automaker Honda has reported its first annual loss in 70 years, totaling 423 billion yen ($2.68 billion), primarily due to disappointing electric vehicle demand and costs associated with investments in the EV market, leading the company to scale back its EV production goals and focus on motorcycles and hybrid vehicles while citing external factors like U.S. policy changes and increased competition from Chinese firms. #Honda #ElectricVehicles #AutomotiveIndustry #JP #CN #US #CA #IN #IR
Japanese automaker Honda has reported its first annual loss in 70 years, totaling 423 billion yen ($2.68 billion), due to disappointing demand for electric vehicles (EVs) and challenges stemming from U.S. policy changes, prompting a shift in focus towards hybrid vehicles and a halt on certain EV production plans. #Honda #ElectricVehicles #AutomotiveIndustry #JP #CN #US #CA #IN #IR
Honda has reported its first annual loss in 70 years, attributing it to disappointing electric vehicle (EV) investments and changing U.S. policies that have impacted profitability, leading the company to revise its EV production goals and refocus on its motorcycle and hybrid business. #Honda #ElectricVehicles #AutomotiveIndustry #JP #CN #US #CA #IN
Chinese electric vehicle giant BYD is in negotiations with Stellantis and other automakers to acquire their underutilized factories in Europe as part of its international expansion strategy, following a recent €22 billion write-down by Stellantis on its EV operations due to overestimated demand. #ElectricVehicles #AutomotiveIndustry #InternationalExpansion #CN #FR #IT #HU #ES
Chinese electric-vehicle manufacturer BYD is negotiating with Stellantis and other carmakers to acquire their underutilized plants in Europe as part of its international expansion strategy, following Stellantis’ significant write-down on its EV operations amid weak domestic demand for electric vehicles. #ElectricVehicles #AutomotiveIndustry #InternationalExpansion #CN #FR #IT #ES #HU #GB
Japanese automotive giant Honda reported its first losses in 70 years, primarily due to disappointing investments in the electric vehicle market, resulting in total operating losses of $2.68 billion for the period ending March 2026, as the company adjusts its production goals and strategies in response to changing U.S. policies and ongoing competition. #Honda #ElectricVehicles #AutomotiveIndustry #JP #US #CN #IN #CA
Japanese automaker Honda reported its first losses in 70 years due to disappointing investments in the electric vehicle market, leading to total operating losses of $2.68 billion as of March 2026, which prompted the company to abandon some EV production targets and refocus on its motorcycle business and hybrid vehicle manufacturing. #Honda #ElectricVehicles #AutomotiveIndustry #JP #US #CN #IN #CA #IL #IR
Japanese automotive giant Honda has reported its first losses in 70 years, totaling $2.68 billion, primarily due to disappointing returns on its electric vehicle investments, leading the company to abandon certain electric vehicle production targets and refocus on motorcycles and hybrid vehicles while navigating challenges from U.S. policy changes and increased competition. #Honda #ElectricVehicles #AutomotiveIndustry #JP #US #CN #CA #IN
