auto industry - Latest news GMK Center

Car manufacturers warn of rising costs and more complicated steel import rules

The final decision has not yet been made, and the amount of investment and objectives may change

The company seeks to adapt production rates to the challenging European market

The EU automotive sector is experiencing a record decline, with forecasts for 2025 remaining negative

The company will look for a way to do this with minimal additional investment

The US market accounted for 20% of the value added to EU automotive exports in 2023

This partnership is a key step in BYD's European localization strategy

Competition among automakers puts pressure on raw material suppliers

Low consumer confidence, US tariffs and instability hamper the sector's recovery

The Japanese manufacturer has presented a restructuring plan

The step is aimed at reducing the overall level of duties, which is formed due to their layering

The Chairman of the Board of Directors of the company called the current conditions for the sector «extreme»