MAGDEBURG, Germany, Oct. 4, 2024 /PRNewswire/ — Innovative companies from high-tech industries looking to make history are warmly welcomed in Saxony-Anhalt. There is plenty of space for big plans here, as the Central German federal state offers Europe’s largest investment opportunity with 700 hectares of space at the High-Tech Park on the outskirts of its capital, Magdeburg.… Continue reading Saxony-Anhalt Presents Current and Future Investment Opportunities at Expo Real
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German Manager Magazine: Tariffs: EU states pave the way for punitive tariffs on China’s electric cars003616
The EU can impose additional tariffs on electric cars China raise. The EU Commission says it has the necessary support from member states to impose the planned punitive tariffs on electric cars from China. The Brussels authority announced this on Friday after the decisive vote. A sufficient majority of EU states have not spoken out… Continue reading German Manager Magazine: Tariffs: EU states pave the way for punitive tariffs on China’s electric cars003616
German Manager Magazine: Electric cars from China: The most important questions and answers about the dispute over EU punitive tariffs003615
Background to the vote by the EU states on the introduction of countervailing duties for Electric cars out of China is that, from Brussels’ perspective, Beijing supports cars manufactured in the People’s Republic with high subsidies that distort competition. The concern: European manufacturers and suppliers could fall under the wheels, but German car manufacturers and… Continue reading German Manager Magazine: Electric cars from China: The most important questions and answers about the dispute over EU punitive tariffs003615
Auto giants are getting nervous about the prospect of mega fines as EV demand falters
Workers producing pure electric vehicles at a Volkswagen (Anhui) workshop in Hefei, China, on Sept. 25, 2024. Cfoto | Future Publishing | Getty Images Europe’s top car giants appear to be increasingly concerned about the prospect of massive fines, particularly as electric vehicle demand falters ahead of the next tightening of carbon regulations. Automakers operating… Continue reading Auto giants are getting nervous about the prospect of mega fines as EV demand falters
RSB Transmissions secures Bain Capital Investment for global expansion and M&A
Bain Capital’s financial and strategic support is expected to fuel RSB Transmissions’ growth initiatives and global expansion efforts. RSB Transmissions, a global leader in automotive, construction, and equipment systems manufacturing, has announced a strategic investment from Bain Capital, a top global private investment firm. This investment aims to support RSB’s growth initiatives, focusing on mergers… Continue reading RSB Transmissions secures Bain Capital Investment for global expansion and M&A
RSB transmissions secures investment from Bain Capital to Drive Global Expansion and M&A Strategy
RSB Transmissions, a manufacturer in the automotive, construction, and equipment systems sectors, has announced a strategic investment from Bain Capital, a global private investment firm. The investment will support RSB’s plans for growth, focusing on mergers and acquisitions (M&A) and expanding its global operations, the company claims. Founded in 1973 by R.K. Behera and S.K.… Continue reading RSB transmissions secures investment from Bain Capital to Drive Global Expansion and M&A Strategy
Mercedes-Benz begins local production of new E-Class LWB in India
Mercedes-Benz has commenced local production of the all-new Long Wheelbase (LWB) E-Class at its manufacturing facility in Chakan, Pune. This marks the rollout of the latest and most advanced version of the E-Class, which is now in its sixth generation. The vehicle is set to make its debut in India on October 9, 2024, with… Continue reading Mercedes-Benz begins local production of new E-Class LWB in India
Statement from IG Metall and GBR chairmen of the German automobile manufacturers on planned import tariffs
Frankfurt am Main – The first chairwoman of IG Metall, Christiane Benner, and the GBR/KBR chairmen of the German automobile manufacturers Daniela Cavallo (Volkswagen) and Ergun Lümali share the approaching vote of the EU states on the planned import tariffs for electric vehicles produced in China (Mercedes-Benz), Dr. Martin Kimmich (BMW), Benjamin Gruschka (Ford), Jörg… Continue reading Statement from IG Metall and GBR chairmen of the German automobile manufacturers on planned import tariffs
@FCA: IONNA Breaks Ground on First ‘Rechargery’ and Announces New CTO
October 3, 2024 , Durham, N.C. – IONNA, the charging network founded by eight of the world’s top automakers: BMW, General Motors, Honda, Hyundai, Mercedes-Benz, Kia, Stellantis and Toyota, announced they have broken ground on the first IONNA rechargery. In the thriving heart of Apex, North Carolina, just a few miles from its previously announced headquarters… Continue reading @FCA: IONNA Breaks Ground on First ‘Rechargery’ and Announces New CTO
Macron backs Chinese EV tariffs as Scholz calls for dialogue
French President, Emmanuel Macron. French President Emmanuel Macron reaffirmed his support for EU tariffs on Chinese electric vehicles, during a visit to Berlin on Wednesday. Macron had earlier met with Chancellor Olaf Scholz, whose government fears a trade war with China that could hurt Germany’s crucial auto sector. Brussels plans to levy additional duties of… Continue reading Macron backs Chinese EV tariffs as Scholz calls for dialogue