auto industry

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Sentiment in the German auto industry continues to deteriorate

European automakers face high production costs and fierce competition

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Volkswagen calls for a 10% reduction in salaries

In this way, the company seeks to maintain competitiveness

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Volkswagen plans restructuring amid high costs and declining demand

The company intends to close at least three factories in Germany, – the head of the works council

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Automotive industry could become a leading market for green steel in Europe – T&E

This can happen if the relevant requirements are established by the legislators

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Production in the EU automotive sector to decline by 3% in 2024 – EUROFER

In 2025, car production is expected to recover by 2.3% y/y

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Race to Green Steel calls on automakers to switch to low-carbon steel

The campaign was launched by a coalition of non-profit organizations

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Production in the EU automotive industry will grow by 7% y/y in 2023

In the second quarter of 2023, the volume of car production in the EU increased by 9.5% q/q

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POSCO and Honda will work together to achieve carbon neutrality

The companies, in particular, are starting to cooperate in the production of sheet steel

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