According to foreign media reports, German corporate giant Thyssenkrupp recently stated that due to the long-term downturn in the automotive industry, which supplies parts, the company plans to lay off about 1,800 employees, making Thyssenkrupp the latest company in the automotive industry to lay off employees. As of the end of September 2024, ThyssenKrupp’s automotive technology department hired more than 31,000 employees, with layoffs accounting for about 5.8% of them. ThyssenKrupp will also suspend recruitment, especially positions above a specific salary level, on the grounds that “the continued severe market situation in the […]
According to foreign media reports, Morgan Stanley recently reiterated that it listed Tesla as its first choice for U.S. auto stocks, saying that even if the company’s core electric vehicle business is not going well, its efforts in the fields of artificial intelligence and robotics may also drive the company to grow. The news pushed Tesla’s stock price to rise by 2%. The report comes from Morgan Stanley analyst Adam Jonas, who has long been optimistic about Tesla. Despite pressure on Tesla’s auto sales due to high U.S. borrowing costs and fierce competition from Chinese […]
According to foreign media reports, on March 14, Samsung SDI, a battery and electronic materials manufacturer, said it will raise 2 trillion won (US$1.4 billion) by selling new shares to provide financial support for its battery facilities in the United States and Europe and the research and development of new technologies. Currently, Samsung SDI is betting on the long-term development prospects of the electric vehicle industry. The share sale will increase the total issued shares of Samsung SDI by 16.8%, according to a regulatory filing and an email statement. The new shares are expected to […]
According to foreign media reports, Ferrari CEO Benedetto Vigna said at a media event held in Singapore that the company is ready to deal with possible tariffs imposed by the United States on European automakers. “We have some responses in response to U.S. tariff policy and are currently in the scenario planning stage to respond as appropriately as possible to deal with anything that may occur,” but Vigna did not disclose the specifics of these measures. “We have to wait for official figures to be released,” Vigna said, referring to U.S. President […]
BMW recently told U.S. dealers that the company will bear the added tariff costs of importing vehicles from Mexico to the United States in at least the next few weeks. The German automaker said in a notice sent to dealers on March 12 that some of its models produced in Mexico will be subject to new tariffs on Mexican and Canadian products, including BMW 3 Series sedans and 2 Series Coupe, which also covers the M2 high-performance coupe. These two models account for about 12% of BMW’s sales in the United States. […]
According to Reuters, U.S. electric car maker Tesla has issued a warning that the company and other major U.S. exporters may face countermeasures, which may be a response to U.S. President Donald Trump’s tariff policy. Trump is considering imposing high tariffs on global automobiles and parts in early April. In response, Tesla warned that even if the supply chain is highly localized, it is still difficult or even impossible to purchase some key components in the United States. Tesla calls on the U.S. government to adopt a phased implementation strategy to gain […]