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auto industry - Latest news GMK Center

Photo – Posco and Hyundai are developing innovative electrical steel to improve the efficiency of electric vehicles
Posco and Hyundai are developing innovative electrical steel to improve the efficiency of electric vehicles

The key objective is to produce electrical steel with a silicon content of 6.5 per cent

Photo – Toyota is investing $3.6 billion in a new plant in Texas
Toyota is investing $3.6 billion in a new plant in Texas

The plant is scheduled to come on stream in 2030

Photo – The European automotive industry is proposing to postpone the expansion of the CBAM
The European automotive industry is proposing to postpone the expansion of the CBAM

The industry association highlights a number of factors that could increase the administrative burden

Photo – Volkswagen plans to cut 100,000 jobs and close factories
Volkswagen plans to cut 100,000 jobs and close factories

The car producer is considering the possibility of the biggest restructuring in its history

Photo – EU industrialists are joining forces to support the Made in Europe policy – analyst
EU industrialists are joining forces to support the Made in Europe policy – analyst

The bloc’s largest car manufacturers have joined forces to promote appropriate regulation

Photo – Thyssenkrupp Automotive Technology is restructuring its production network in the US
Thyssenkrupp Automotive Technology is restructuring its production network in the US

The planned adjustment is intended to strengthen the competitiveness of the North American business

Photo – Automakers are counting on $2.3 billion in US tariff refunds
Automakers are counting on $2.3 billion in US tariff refunds

Companies have already begun to reflect expected payments in their financial statements

Photo – British automakers are seeking clarification on the «Made in the EU» rule
British automakers are seeking clarification on the «Made in the EU» rule

The annual volume of automotive trade between the two sides amounts to approximately €80 billion

Photo – Tata Steel Nederland and Volkswagen are developing high-strength steel for the automotive industry
Tata Steel Nederland and Volkswagen are developing high-strength steel for the automotive industry

A European consortium is working on steel for car bodies that offers lower energy consumption and better corrosion resistance

Photo – Industrial Accelerator Act: how the new industrial policy will affect the EU steel market
Industrial Accelerator Act: how the new industrial policy will affect the EU steel market

The Industrial Accelerator Act ultimately takes a broader approach to the Made in Europe policy

Photo – Toyota maintains current rolled steel prices for parts producer for April-September
Toyota maintains current rolled steel prices for parts producer for April-September

This move is a change in strategy after several consecutive cycles of decline

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