Shifts in international demand are prompting realignment of automotive industry capacity, while, new entrants and technologies threaten to disrupt the automotive sector totally. To additional incentivize e-mobility, customs obligation is being exempted on certain parts of electrical automobiles. On the identical time, faltering world progress has led some carmakers to place enlargement plans on hold, reminiscent of Daimler’s announcement in Might to postpone an increase in capacity at its Kecskemet compact-car plant in Hungary.

European automobile companies have voluntarily agreed by their Affiliation des Constructeurs Europeens d’Vehicles (ACEA) that they’ll scale back the carbon dioxide emissions of their vehicles by … Read More..