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auto industry - Latest news GMK Center

Photo – Volkswagen plans restructuring amid high costs and declining demand
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

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

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

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

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

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

Photo – POSCO and Honda will work together to achieve carbon neutrality
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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