Tag: Economic impact
Top Sim Racing Equipment Supplier Goes Bankrupt: What Happens Next?
Fanatec, a well-known supplier of sim racing equipment, is facing financial difficulties as its parent company, Endor AG, has filed for insolvency in a German court. This decision came after failed negotiations with Corsair,...
Chinese Companies Shift EV Production to Europe to Avoid Tariffs
Chinese electric vehicle manufacturers are making a move to Europe to counter the impact of tariffs imposed on them. This move is aimed at maintaining their price advantage over traditional European carmakers who have...
New Car Prices Dropping, Boosting Sales – Autoblog
Car shopping has been a frustrating experience for many people in recent years due to record high new car prices caused by pandemic-related delays and vehicle shortages. However, there is good news on the...
Volvo EX30 Delayed in U.S. Arrival Until 2025, Likely Due to Tariff
Volvo's highly anticipated electric EX30 crossover will not be arriving in the United States until 2025, as confirmed by the company to Car and Driver. This delay is attributed to "changes in the global...
Canada Considers Joining U.S. and EU in Imposing Tariffs on Chinese EVs
Canada is currently considering following in the footsteps of the United States and the European Union by imposing tariffs on Chinese-made electric vehicles (EVs). The government is set to begin a 30-day consultation on...
Trade Growth Between US and Germany Amid China Concerns – Autoblog
Trade dynamics between the US and Germany are witnessing a significant shift, with the US emerging as Germany's top trading partner in the first quarter of 2024, replacing China. This switch in trade partners...
Chinese Car Brands Celebrate 15 Years of Sales Growth in Australia
Fifteen years have passed since the first Chinese car brand made its way into the Australian market, marking a significant milestone in the automotive industry. Since then, over 550,000 vehicles manufactured in China have...
The Cost of Urban Sprawl: $332,000 for a Single-Car Garage
A single-car garage in Sydney, Australia recently made headlines for selling at a staggering price of $500,000 Australian dollars, which is equivalent to $332,000. Yes, you read that right - it's just a garage....
European Automakers Brace for Chinese Trade War Fallout – Autoblog
The European Commission has decided to impose additional duties on imported China-made electric cars from July, which could have a significant impact on various European automakers. German carmakers such as Mercedes, BMW, Volkswagen, Porsche,...
European Car Manufacturers Brace for Chinese Retaliation Over EU Tariffs
European car manufacturers are bracing themselves for potential retaliation from China following the European Commission's decision to impose additional duties on imported China-made electric cars. This move, set to take effect in July, could...