auto industry - Latest news GMK Center

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»

The Company is assessing the medium- and long-term impact of the duties and the options available

The tariffs are to enter into force on April 3

The main criticism of the Clean Industrial Deal is the lack of specifics

The company's measures are aimed at reducing costs by more than €150 million