Daimler

U.S. warning it may introduce tariffs on foreign auto imports hit shares in German carmakers BMW, Daimler and Volkswagen yesterday, which together have a more than 90 percent share of North America's premium car market.

Projects we would like to draw in the automotive industry no longer relies on cheap labour force, given that in 2017, a quarter of the total national exports was generated by this industry, Paula Pirvanescu, Secretary of State InvestRomania with the Ministry of Business Milieu, Commerce and Entrepreneurship told on Monday a specialty press conference.

The operation of the BMW, Daimler, Audi and Porsche car manufacturing plants has stalled in Germany over a round-the-clock warning strike organized by the IG Metall trade union to pressure employers for a higher salary, local media reported on Friday.

This week, Volvo is adding itself to the list of many truck manufacturers working on electric trucks.

The Swedish group says that it will bring the electric trucks to the road as soon as this year and start selling them next year.

Claes Nilsson, President Volvo Trucks, commented on the announcement:

One of China's largest state-owned automakers has said it will phase out sales of all petrol vehicles by 2025, as Beijing considers taking all fuel-burning cars off the country's roads, news18.com reported. 

People starting businesses in Greece over the last few years have required the kind of fearlessness that one usually associates with extreme sports. The country's longstanding problems in fostering entrepreneurship along with the challenges generated by the crisis have combined to make Greece a testing place in which to do business.

Japan's Yazaki company on Tuesday opened a factory in the Sabac industrial zone, in western Serbia.

The 30,000 sq-meter plant will produce cable sets for Daimler trucks, and employ 500 workers, Beta reported.

Yazaki company has agreed to invest nearly EUR 25 million in Serbia, and to hire 1,700 workers in the coming period, while its export target is some EUR 120 million.

Japan's Yazaki company on Tuesday opened a factory in the Sabac industrial zone, in western Serbia.

The 30,000 sq-meter plant will produce cable sets for Daimler trucks, and employ 500 workers, Beta reported.

Germany has put all major arms exports to Turkey on hold due to the deteriorating human rights situation in the country and increasingly strained ties with its NATO ally, German Foreign Minister Sigmar Gabriel said on Sept. 11.

The comments came after a Foreign Ministry spokesman in Berlin said another German couple was believed to have been detained in Turkey on political charges.

The German environment ministry has rejected calls from two of the country's states for tax incentives to promote the sale of low-emission modern diesel and electric cars.