automotive industry

In Spain 10th October 2024

“The European energy transition policy in the automotive sector is a disaster. Chinese manufacturers have subsidies, Americans have tax incentives… Europeans face fines.”

The president of CIE Automotive, Antón Pradera, stated at an event organized by Deusto Business Alumni and Deloitte in Bilbao that the European energy transition policy in the automotive sector is a disaster. He warned that the sector in the EU is “very, very concerned” because it has stopped being a world champion, and in contrast to China’s subsidies for its industry and the tax incentives for US manufacturers, European…

World economy 16th January 2024

Red Sea crisis continues to affect automotive supply chain: Michelin, Volvo, Tesla and Geely

Norbolsa | The Red Sea crisis continues to affect the automotive supply chain. Michelin was one of the first suppliers to be affected by the lack of rubber, while more recently Volvo, Tesla and Geely have also been hit by shortages. Meanwhile, Stellantis said it is using air transport to cope with temporary supply disruptions, while Volkswagen announced that it does not expect “significant” restrictions on production. Visibility remains limited,…

Spanish economy 27th June 2019

Spanish car industry suffers 7 consecutive month downturn

Link Securities | According to Spanish Carmakers Association (Anfac) data, Spain produced 294,146 vehicles in May, 6% less than the same month in 2018.

The car sector is key in Europe: stimulates the rest of the sectors of the economy

In Europe 13th June 2019

The Car, A Key Sector In Europe: Stimulates The Rest Of The Sectors Of The Economy

CaixaBank Research | The car sector’s contribution to the economy goes beyond its own production volume. In fact, it generates a significant spillover effect. Estimates say that 1 € rise in the production of cars generates a rise in the total production of the European economy of 2.4 €.

World economy 12th August 2018

Turning Point Of Auto Industry As Electric Cars Sales Post A 54% Rise In 2017

The dangerous rise of carbon emissions coupled with greater energy efficiency driven by the evolution of battery technology is building momentum towards acceptance of electric cars globally. For analysts at Wisdom Tree, “the proliferation of Electric Vehicles will be tied to the initiatives from governments across the world as they rely on supplementary grid infrastructure.”

Interviews 27th June 2017

“CIE Automotive has always emerged stronger from crises”

Fernando Barciela | “In the 2008 crisis, the only car assembly industry where production expanded was in Spain. It’s only through crises that you find maximum efficiency. They are good for making everyone react and put every effort they can into improving the production chain. In fact, in CIE we are always going through some crisis or other,” explains Jesús María Herrera Barandiarán, CEO of CIE Automotive.

Spanish Small & Mid Caps 28th March 2017

Gestamp to list 27% of capital on Spanish bourse on April 7

Spanish automotives parts’ manufacturer Gestamp will make its stock market listing on April 7. The preliminary price range is 5,60-6,70 euros, which values the company at 3.540 billion euros at the middle range. The operation will be positive for the Spanish bourse, where there are not a lot of industrial companies.

Spanish economy 28th October 2015

Car production In Spain Rises 26.7% In September

Car production in Spain rose 26.7% in September, as the country’s automotive plants assembled about 9,000 vehicles per day, their highest production level since April 2008.

Spanish economy 10th June 2015

Deal to raise Spanish wages for the first time in three years

MADRID | June 10, 2015 | By Fernando G. Urbaneja | Spanish unions and employers’ organisations signed a two-year-agreement this week to raise salaries, the first hike in three years. Both parties had been debating for months while the government, distant yet vigilant, recommended a raise combining purchasing power with productivity.

Spanish economy 8th May 2015

Volkswagen to make biggest industrial investment in Spain (€4.2bn)

The Corner | May 8, 2015 | German automaker Volkswagen announced its intentions to invest €4.2 billion in its Martorell and Navarra plants in Spain between 2015 and 2019. The amount almost equals what all car manufacturers have invested in the past three years. The VW group employs 22,000 people in Spain through its 12 brands.