Focusing on the industrial economy, the German auto industry attacked EU tariffs on Chinese electric vehicles, and the German auto industry denounced the EU tariffs on Chinese electric vehicles as another fatal blow to the German auto industry.
Hildegard Mueller, president of the German Automobile Industry Association, said it would be “a setback” for global free trade, European prosperity, job security and economic growth.
She also said that with the formal implementation of tariffs, there is an increasing risk of far-reaching trade conflicts between China and the EU.
Focusing on the new trends of traditional car companies, global production by Japanese car companies fell for the first time in four years.
Industry data show that between April and September this year, eight Japanese passenger car manufacturers produced a total of 11.
87 million vehicles, down 6% from the same period last year.
It was the first decline in four years, due to a compliance scandal at Toyota Motor Group and fiercer competition from Chinese competitors.
It is rumored that Great Wall Motor is considering issuing $1 billion in convertible bonds, and people familiar with the matter said that Great Wall Motors is considering issuing convertible bonds to raise up to $1 billion.
It is reported that Great Wall has held preliminary discussions with consultants on a potential bond issue.
But the discussions are still at a preliminary stage, and Great Wall may eventually decide not to issue them.
Ford plans to cut executive bonuses, and Ford CEO Jim Farley told employees that the company needs to speed up its efforts to improve quality and reduce costs, according to three people familiar with the matter.
managers’ bonuses linked to these indicators will be cut to 65% of the total bonus.
Stellantis’s revenue fell 27% in the third quarter from a year earlier, while Stellantis’s revenue fell 27% in the third quarter from a year earlier to 33 billion euros, below analysts’ forecasts of 35.
9 billion euros.
The company’s new chief financial officer said, “this performance is significantly below our potential, but Stellantis has made good progress in reducing inventory and increasing market share in the United States.
” Focusing on electrification, Ford Fmur150 Lightning electric pickup will be suspended for six weeks.
Ford said on October 31st that it will suspend production of Fmuri 150 Lightning electric pickup for a period of six weeks from November 18 to January 6.
A Ford spokesman said: “We will continue to adjust production to achieve the best combination of sales growth and profitability.
” Hyundai launched the hydrogen fuel cell concept car INITIUM, and on October 30th Hyundai unveiled a hydrogen fuel cell concept car called INITIUM, based on which it plans to launch a mass-produced hydrogen fuel cell vehicle in the first half of next year.
The INITIUM concept car has a range of more than 650km, which is higher than that of Hyundai’s first hydrogen fuel SUV model, the Nexo (609km).
In addition, the hydrogen fuel cell system of the INITIUM concept car can provide electricity without emitting any pollutants.
Focusing on the supply chain, Tyco Electronics’ latest quarterly revenue exceeded expectations.
On October 30th, Swiss sensor manufacturer Tyco Electronics reported that its fourth quarter (June 29th to September 27th) revenue exceeded Wall Street expectations, at $4.
07 billion, compared with $4.
04 billion in the same period last year, thanks to increased demand for auto parts from electric car manufacturers.
Operating profit was $651 million, up from $635 million in the same period last year.
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