• Latest
  • Trending
  • All
  • Market Updates
  • Cryptocurrency
  • Blockchain
  • Investing
  • Commodities
  • Personal Finance
  • Technology
  • Business
  • Real Estate
  • Finance

EU trade chief Sefcovic: There is a lot of work ahead

March 16, 2025
They’re not making land — but property has still faced some painful times

They’re not making land — but property has still faced some painful times

June 7, 2025
GBP/USD slips as strong US jobs data cools Fed rate cut bets

GBP/USD slips as strong US jobs data cools Fed rate cut bets

June 7, 2025
Have low oil prices killed M&A?

Have low oil prices killed M&A?

June 7, 2025
Fannie Mae Expands Coverage, Raising Loan Limits By 5.2%

President Trump All But Confirms That He’ll End Freddie and Fannie’s Conservatorship

June 7, 2025
No Rate Cuts? No Problem. This Tool Finds Winners Anyway

Don’t Worry About Volatility – Profit From It

June 7, 2025
Winklevoss-backed crypto group Gemini files for Wall Street IPO

Winklevoss-backed crypto group Gemini files for Wall Street IPO

June 7, 2025
Twitch Streamers Compete To Win Bitcoin

Twitch Streamers Compete To Win Bitcoin

June 7, 2025
Elon Musk’s Fight With Trump Threatens $48 Billion in Government Contracts

Elon Musk’s Fight With Trump Threatens $48 Billion in Government Contracts

June 7, 2025
Japanese queue for hours as rice shortage deepens

Japanese queue for hours as rice shortage deepens

June 7, 2025
ROADMAP ARIA AI CONNECTOR, Early Investors – Aria Founders – Trading Systems – 6 June 2025

ROADMAP ARIA AI CONNECTOR, Early Investors – Aria Founders – Trading Systems – 6 June 2025

June 7, 2025
Elon Musk’s feud with Donald Trump muddies xAI debt raising for Morgan Stanley

Elon Musk’s feud with Donald Trump muddies xAI debt raising for Morgan Stanley

June 7, 2025
Trump signs executive order lifting ban on supersonic civil flights over land

Trump signs executive order lifting ban on supersonic civil flights over land

June 7, 2025
Saturday, June 7, 2025
No Result
View All Result
InvestorNewsToday.com
  • Home
  • Market
  • Business
  • Finance
  • Investing
  • Real Estate
  • Commodities
  • Crypto
  • Blockchain
  • Personal Finance
  • Tech
InvestorNewsToday.com
No Result
View All Result
Home Investing

EU trade chief Sefcovic: There is a lot of work ahead

by Investor News Today
March 16, 2025
in Investing
0
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


The EU has probably not been within the crosshairs with regard to any specifics on tariffs… but. EU Commerce Chief Sefcovic is saying:

  • He had an essential alternate with US Commerce Secretary Lutnick
  • There’s a number of work forward.

We do know is that Trump is irked by the tariffs on US autos within the EU, and can possible encourage them to be eased.

Ford manufacture automobiles within the European Union, sustaining key manufacturing amenities in Cologne, Germany; Valencia, Spain; and Craiova, Romania. The Cologne plant, established in 1931, produces fashions just like the Ford Explorer EV, whereas the Valencia plant, operational since 1976, manufactures the Ford Kuga. In Craiova, acquired in 2008, Ford builds the Puma and Transit Courier/Tourneo Courier fashions, together with the 1.0 L I3 EcoBoost engine.

Regardless of its presence in Europe, Ford is dealing with important challenges. The Cologne plant is about to shut as a part of a broader restructuring effort, leading to roughly 4,000 job cuts, together with 2,900 in Germany. In Valencia, the Almussafes plant is anticipated to see a 45% decline in manufacturing by the top of the 12 months, because it primarily manufactures the Kuga mannequin. The plant has applied non permanent employment laws and plans to function with a lowered workforce till 2027, when new hybrid mannequin manufacturing is scheduled to start.

In the meantime, Common Motors (GM) now not manufactures automobiles in Europe. In 2017, GM bought its European subsidiary, which included Opel and Vauxhall, to PSA Peugeot-Citroën (now a part of Stellantis), marking the corporate’s exit from European car manufacturing. As we speak, GM’s European presence is proscribed to particular companies, akin to Cadillac Europe, which distributes Cadillac automobiles and choose Chevrolet sports activities vehicles.

In the meantime, a number of European automobile producers have established manufacturing amenities in america, producing a variety of automobiles for each home and worldwide markets. These amenities permit firms to cater to American shoppers whereas additionally contributing to native economies.

BMW has a serious presence within the U.S. with its Spartanburg, South Carolina plant, which has been operational since 1994. It’s the firm’s largest world manufacturing facility, manufacturing fashions such because the X3, X4, X5, X6, X7, and the XM crossover SUVs. This plant performs a essential function in BMW’s manufacturing community, with roughly two-thirds of BMW’s U.S. gross sales coming from this facility.

Volkswagen operates its Chattanooga, Tennessee meeting plant, which opened in 2011. Initially, the plant produced the U.S.-spec Passat, and since 2017, it has been chargeable for manufacturing the Atlas SUV. This facility displays Volkswagen’s robust dedication to the U.S. market, serving as a manufacturing hub for automobiles particularly designed for American shoppers.

Volvo established its Ridgeville, South Carolina plant in 2018, marking its first manufacturing facility within the U.S. The plant produces the S60 sedan, which is distributed each domestically and internationally. This transfer signifies Volvo’s long-term technique to develop its footprint within the U.S. automotive business.

These manufacturing amenities display how European automakers are integrating into the U.S. industrial panorama, strengthening their presence, and producing automobiles that align with American market calls for.



Source link

Tags: aheadchieflotSefcovictradework
Share196Tweet123
Previous Post

Intel has a new CEO

Next Post

Vale’s relations with Lula government improve after tensions last year, says boss

Investor News Today

Investor News Today

Next Post
Vale’s relations with Lula government improve after tensions last year, says boss

Vale’s relations with Lula government improve after tensions last year, says boss

  • Trending
  • Comments
  • Latest
Equinor scales back renewables push 7 years after ditching ‘oil’ from its name

Equinor scales back renewables push 7 years after ditching ‘oil’ from its name

February 5, 2025
Best High-Yield Savings Accounts & Rates for January 2025

Best High-Yield Savings Accounts & Rates for January 2025

January 3, 2025
Suleiman Levels limited V 3.00 Update and Offer – Analytics & Forecasts – 5 January 2025

Suleiman Levels limited V 3.00 Update and Offer – Analytics & Forecasts – 5 January 2025

January 5, 2025
10 Best Ways To Get Free $10 in PayPal Money Instantly

10 Best Ways To Get Free $10 in PayPal Money Instantly

December 8, 2024
Why America’s economy is soaring ahead of its rivals

Why America’s economy is soaring ahead of its rivals

0
Dollar climbs after Donald Trump’s Brics tariff threat and French political woes

Dollar climbs after Donald Trump’s Brics tariff threat and French political woes

0
Nato chief Mark Rutte’s warning to Trump

Nato chief Mark Rutte’s warning to Trump

0
Top Federal Reserve official warns progress on taming US inflation ‘may be stalling’

Top Federal Reserve official warns progress on taming US inflation ‘may be stalling’

0
They’re not making land — but property has still faced some painful times

They’re not making land — but property has still faced some painful times

June 7, 2025
GBP/USD slips as strong US jobs data cools Fed rate cut bets

GBP/USD slips as strong US jobs data cools Fed rate cut bets

June 7, 2025
Have low oil prices killed M&A?

Have low oil prices killed M&A?

June 7, 2025
Fannie Mae Expands Coverage, Raising Loan Limits By 5.2%

President Trump All But Confirms That He’ll End Freddie and Fannie’s Conservatorship

June 7, 2025

Live Prices

© 2024 Investor News Today

No Result
View All Result
  • Home
  • Market
  • Business
  • Finance
  • Investing
  • Real Estate
  • Commodities
  • Crypto
  • Blockchain
  • Personal Finance
  • Tech

© 2024 Investor News Today