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European Car Industry

All articles tagged with #european car industry

business2 months ago•2 min saved

China and Europe Easing Chip Export Restrictions Amid Trade Tensions

China is expected to lift its ban on chip exports to European carmakers following a recent US-China deal, easing a dispute that threatened to disrupt European and Japanese car production. The deal includes a one-year delay in US export controls on Chinese companies like Wingtech, which owns Nexperia, a key chip supplier. This development is seen as a positive step towards restoring supply chains and stabilizing the global automotive industry.

via The Guardian|

#business #china #chips

world2 months ago•0 min saved

Dutch Elections: Anti-Populist Strategies and Rising Political Tensions

The Netherlands' seizure of Chinese semiconductor company Nexperia has heightened fears of a repeat of pandemic-era chip shortages in the European car industry amid ongoing tensions in the Netherlands-China chip war.

via politico.eu|

#china #chip-war #european-car-industry

business3 months ago•1 min saved

Porsche Reverses EV Plans, Focuses on Combustion Models

Porsche's stock dropped over 7% after announcing delays in its electric vehicle rollout due to weakening demand and economic challenges, leading to a strategic shift towards extending combustion engine models and hybrid options, amidst broader struggles faced by European luxury carmakers competing with Chinese brands.

via BBC|

#business #electric-vehicles #european-car-industry

business-automotive-industry1 year ago•4 min saved

Stellantis' Power Play: Leveraging Surplus Plants in Italy's Political Battle

Stellantis, the result of a merger between Peugeot PSA, Fiat, and Chrysler, is using its surplus production capacity in Europe as leverage in negotiations with the Italian government for subsidies and policy support. The company's capacity utilization rate in Europe has declined, prompting it to shift production to other countries in its global network. Italian officials are demanding increased Fiat production, criticizing Stellantis' decisions as favoring France. The company is also facing challenges from Chinese EV manufacturers and a shift in "brain" functions away from Italy, leading to a growing imbalance between the two countries within the company.

via Reuters.com|

#automakers #business-automotive-industry #european-car-industry