an equipment. The federal government will provide the required funding to set up the Fraunhofer FFB so it can meet its goal of building a research factory on a gigafactory scale. The project’s total cost has increased from EUR 500 million in 2019/2020 to about EUR 750 million today, mainly due to inflation. The first construction phase, FFB PreFab, with over 3,000 square meters of research space, opened in spring 2024 and provides a pilot-scale...

News  Updated at: 2025/12/22

h less visible means, such as antidumping investigations or administrative restrictions, rather than large-scale tariff actions. Proposed tariffs could impact USD 52 billion in Chinese imports, affecting sectors like auto parts, electronics, plastics, and consumer goods, while pressuring industrial inflation and supply chains. (Multiple sources on November 19, 2025)...

News  Updated at: 2025/11/25

likely to avoid the direct impact of the U.S. administration’s additional tariffs. Strong sales of Japan-made hybrid vehicles (HVs) in the U.S. are also an encouraging indicator. However, many parts suppliers feel uncertain over future prospects of vehicle sales in the U.S. in the wake of rising inflation. Denso Corporation reported a decrease of JPY 38 billion in profit due to the tariffs in its financial results for the six months ended Sept...

News  Updated at: 2025/11/19

cording to people familiar with the situation. Reports in April noted that Tesla has for the past two years been increasing the proportion of parts sourced from North America for its U.S. factories for the last two years, to align with U.S. government incentives for domestic manufacturing under the Inflation Reduction Act, but ramped up the efforts again after U.S. tariff threats were issued in the spring. Tesla assembles its passengers vehicles ...

News  Updated at: 2025/11/18

-over-year (YoY) to JPY 5,578.7 billion. Operating loss totaled JPY 27.7 billion and net income attributable to owners of parent was loss of JPY 221.9 billion.  The operating loss for the period reflects JPY 64.5 billion of foreign exchange effects, JPY 149.7 billion negative impact of tariff, and inflation absorbing JPY 50 billion. On the other hand, manufacturing costs improved by JPY 66.5 billion as the “Re:Nissan” recovery plan delivered...

News  Updated at: 2025/11/07

elaying some upcoming EVs. The development of its new EV platform for the 2030s will also be postponed and redesigned with other Volkswagen Group brands. Existing electric models will continue to be updated. Porsche aims to increase efficiency and revenue to maintain long-term profitability despite inflation and rising costs. Based on Porsche press release...

News  Updated at: 2025/10/27

ent that the festive season ahead will unlock robust growth momentum. Looking ahead, FADA projects that the rollout of GST 2.0 from September 22 is set to be a game-changer—lowering household expenses, boosting consumption, and improving industry competitiveness. Economists expect it could reduce inflation by up to 1.1 percentage points. A strong monsoon season has further strengthened rural liquidity, with agriculture poised for above-trend ou...

News  Updated at: 2025/09/08

March 2025 and later increased the tariff rate to 50% in June. For Cleveland-Cliffs, the steel contracts represent an opportunity to capitalize on increased demand for domestic steel with the new tariffs. For OEMs, the contracts are an opportunity to lock in a fixed price to mitigate any potential inflation effects. (From multiple sources on August 18, 2025)...

News  Updated at: 2025/08/21

VW and union agree on 4% wage increase at Puebla plant, Mexico On August 18, it was reported that Volkswagen de México and the Independent Union of Automotive Industry Workers of Volkswagen (SITIAVW) at Puebla plant reached an agreement on the 2025 salary review. The settlement includes a 4% direct wage increase, which the company emphasized is above inflation, ensuring the protection of its workers’ purchasing power and reinforcing its commit...

News  Updated at: 2025/08/20

ndergoing a supply chain reorganization and tightening of regulations, particularly across the United States and Europe. In the U.S., the One Big Beautiful Bill Act (OBBBA) has emerged as a major policy development, significantly scaling back clean energy tax incentives previously granted under the Inflation Reduction Act (IRA). Notably, the OBBBA introduces the Foreign Entity of Concern (FEOC) rule, which restricts tax credit eligibility for bat...

News  Updated at: 2025/08/04

1,070,960 units, whereas MINI brand’s vehicle sales increase by 17.4% YOY to 133,838 units. BMW Group delivered 319,031 units of electrified vehicles, with Europe seeing the biggest growth in BEV and PHEV sales at 34.8%. BMW Group expects rising demand in many markets in 2025, supported by lower inflation and moderate interest rate cuts. In China, high competition alongside with significant growth are further forecasted, particularly within th...

News  Updated at: 2025/07/31

gaining table in 2026, aligning with the next round of Unifor negotiations with the Detroit Three OEMs. Created as a joint venture agreement between Stellantis and LG Energy Solutions, the plant was originally estimated to cost CAD 5 billion to construct, but has been pushed beyond CAD 6 billion by inflation. The Windsor plant will begin by producing lithium-ion batteries, but has the flexibility to switch its chemistry mixes to produce other typ...

News  Updated at: 2025/07/22

to the media before "clean room" equipment is installed. “We remain on track to start production of these batteries next year,” Drake said, noting that the company was committed to completing the plant even if Congress and President Trump make the project ineligible for tax incentives.  Under Inflation Reduction Act rules passed under former President Biden, companies could receive a production tax credit of USD 35 per kilowatt-hour for eac...

News  Updated at: 2025/06/25

nt’l Auto Show) with cutting-edge technologies and products such as power chassis systems, trim systems, and intelligent driving systems. The ECAS (electronically controlled air suspension) system adopts a 48V voltage to reduce current loss, deliver 3-4 times higher compressor power, increase the inflation speed by over 50%, and shorten the vehicle height adjustment time to 3-5s. The system allows for direct collaboration with high-voltage syst...

News  Updated at: 2025/06/10

Iveco Group signed a new agreement with trade unions for the 2025–2026 economic portion of its labor contract, covering over 14,000 employees in Italy. This follows the 2023–2026 Collective Labor Agreement signed in March 2023. During discussions that began in December 2024, both sides reviewed inflation trends and agreed on a 6.5% wage increase over two years. Employees will also receive two one-time payments of EUR 240. Based on Iveco Group...

News  Updated at: 2025/06/09

share), BYD (up 60.8% to 53.4 GWh, 17.3% share), LG Energy Solution (up 16.3% to 31.4 GWh, 10.2% share), SK On (up 24.1% to 13.4 GWh, 4.3% share), CALB (up 21.4% to 11.9 GWh, 3.9% share). The United States is accelerating global supply chain restructuring not only through policy changes such as the Inflation Reduction Act (IRA) and AMPC for battery subsidies, but also by strengthening regulations on Chinese-made batteries and raw materials. In re...

News  Updated at: 2025/06/05

cleared the House on May 22 with a 215-214 vote. It goes to the Senate next, and President Trump before becoming law. The bill’s main provisions include making parts of the 2017 Tax Cuts and Jobs Act permanent, but also eliminates tax credits for new, used and commercial EVs that were part of the Inflation Reduction Act of 2022. (multiple sources on May 23, 2025)...

News  Updated at: 2025/05/24

ated revenues for FY2024 decreased by 0.4% year-on-year (YoY) to JPY 12,633.2 billion. Operating profit declined by 87.7%  to JPY 69.8 billion, while net loss for the period was JPY 670.9 billion. Operating profit fell sharply due to a decrease in sales volume, an increase in sales incentives, and inflation. The company recorded an extraordinary loss of JPY 623.8 billion, including impairment losses and restructuring costs. Global retail vehicle...

News  Updated at: 2025/05/14

he first three months of 2025, with major markets such as Germany, Italy, and France all recording negative growth. The recovery seen in 2023 has stalled and the region is now experiencing a downturn. Economic conditions are a major factor behind the decline. Eurozone GDP remains sluggish, and high inflation persists, leaving the European Central Bank (ECB) facing increasing uncertainty regarding its monetary policy and decision to cut interest r...

News  Updated at: 2025/05/08

oY, while MINI delivered 64,615 vehicles, i.e., an increase of 4.1% YoY. It delivered around 109,513 all-electric vehicles, an increase of around 32.4%. BMW group confirms 2025 outlook despite global uncertainty. The IMF cut its global growth forecast to 2.8% for April 2025, citing trade conflicts, inflation risks, and uncertainty among businesses and consumers. BMW expects demand to rise in many markets, supported by easing inflation and possibl...

News  Updated at: 2025/05/07