Economy
“Portugal needs to make itself known with car manufacturers” – ECO
The automotive industry accounts for 7.4% of Portugal’s GDP and employs 90,000 workers. However, the ecological transition may create inconveniences for this cluster.
On September 5 and 6, the future of the automotive industry will be discussed at a conference organized by Mobinov. The association, which brings together car factories, parts and trade, is concerned about the results of the energy, digital and demographic transition. and doesn’t want Portugal to be left behind.
In an IVF interview President Mobinov asks the state to help companies attract new investments For the country. Jorge Rosa also highlights the need to develop a sector that directly employs 90,000 people, accounts for 7.4% of GDP and generates an annual turnover of 15 billion euros, “of which 99% is exported.”
He recently said that “in the short and medium term, we will have the sector that the state allows us.” think that cluster Is the car well received in Portugal?
All in all, the automotive sector has received a lot of attention from the Portuguese government and was heard whenever he asked. Of course, the sector wanted more: it needs to scale and another dynamic. Of course, requires state and government support. That’s why we always pay more attention to lenders.
What kind of automotive sector can we have with and without state financial support? What will be the main differences?
Problems aheadwith the energy, digital, environmental and demographic transition, in addition to the need to have people in quality and quantity huge and require special attention from the state. Our industry needs this support.
In addition to financial support, which is very important in a number of areas, I would say that there is promotion of the sector outside and among the main automakers. The role of the state is also very important here. Portugal needs to make itself known with car manufacturers and it should be part of the sourcing strategy that is rethinking the entire value chain today in the face of the challenges that the recent disruption of war has brought to the sector. Portugal sees in this, in our opinion, an excellent opportunity, being located in Europe, being a country relatively close to the center of the continent and next to the second European car manufacturer (Spain). Approval abroad relies heavily on companies to present themselves to manufacturers, but it also lacks government support.
This is, for example, what has already been done this year at the trade fair in Hannover., where there were many producers and where the Portuguese government has clearly shown support for the sector. These kinds of actions and others even more powerful can promote our industry abroad to scale up domestically.
Portugal must assert itself with car manufacturers and must be part of the brand supply strategies that are today rethinking the entire value chain in the face of the challenges that the recent disruption of the war has brought to the sector.
Did the presence of Portugal influence Hannover Messe?
The reactions we have received from participating companies are very pleasing because they have been approached many times. But we still don’t have concrete data on already closed deals.
The emergence of a new car plant is also always an industry ambition. and here the government plays a fundamental role in attracting new investment. However, installed capacity in Europe exceeds demand. These are considerations that must be taken into account by manufacturers.
The lithium cycle is also important to us: Batteries are a fundamental component and will be critical to the future of the automotive industry in the short term.. After the installation of lithium, a discussion arose about the lithium cycle and the possibility of extracting it, as well as the possibility of producing elements in Portugal for supply to strong markets such as Spain, which would be a very important factor for the development of a new area in which we will inevitably have to deal.
We are approaching the end of 2022 and there are no plans to mass-produce an electric car in Portugal yet. Are we in danger of falling behind in the automotive industry?
The risk naturally exists. AT cluster we do not have information about every car factory in Portugal, but we know that everyone is working to get electric models in Portugal and I believe it will. Each of the installed plants will have an electrical solution in the very near future, I have no doubt about this, although this has not been officially reported.
With the transition of the automotive industry, are there conditions for the creation of new jobs, or is it a priority to preserve existing ones?
The main priority is to keep jobs, but we want it to be able to grow. Having about 8% of Portugal’s GDP would be very important.
Batteries are a fundamental component and will be critical to the future of the automotive industry in the short term. After the installation of lithium, a discussion arose about the lithium cycle and the possibility of extracting it, as well as the possibility of producing elements in Portugal for supply to strong markets such as Spain, which would be a very important factor for the development of a new field in which we will inevitably have to deal with
Is it possible to save a job if fewer parts are required to produce new cars?
This is true, but there are other possibilities, such as the lithium cycle. But a car will always have tires, a chassis, stamped parts, upholstery… we are all naturally concerned, but transitions are both a risk and an opportunity. We must be able to seize opportunities, and I am sure that we are working in this direction.
What will be the role of the car in the future of society, given, for example, restrictions on access to cities?
Clearly, cars, which account for a significant portion of greenhouse gas emissions, are always targeted. The attempt to reduce the number of cars worries everyone who runs large cities. Of course there is a risk of reduction [de produção] because mobility in cities will increasingly be carried out using public transport. But so far there is no research showing a massive reduction in the number of cars in cities. If yes, then the main reduction in the number of cars will be in Europe.
Can hydrogen be used in modern internal combustion vehicles while reusing existing fleets?
There are studies in this direction and there are technical possibilities, although there is still little maturity. Hydrogen as a fuel is ideal for long-distance transportation. and there will be the next passage on the tram.
Subscribe to ECO Premium
At a time when information is more important than ever, support independent and rigorous journalism.
How? Subscribe to ECO Premium and get access to exclusive news, important opinions, reports and special offers that show the other side of history, as well as ECO Insider and Novo Normal newsletters.
This subscription is a way to support the ECO and its journalists. Our partner is independent, rigorous and trustworthy journalism.
The global financial markets are now hugely complex, with traders and analysts around the world looking closely for signs of movement. What are some of the most important factors to be aware of that impact the financial markets?
Geopolitical events
With news breaking from different countries throughout the day, many different stories could affect the markets on any given day. For instance, economic indicators such as the European Central Bank’s inflation rates and gross domestic product numbers released by each country can determine which direction the markets take. Stocks, currencies and other financial instruments can all vary depending on these areas.
Major events such as war breaking out, natural disasters and elections also have an effect. When we look at the commodities market, climate change is an issue to bear in mind, with unusual weather sometimes causing scarcity or abundance of a certain product.
An interesting aspect of the modern financial world is the way that the different markets are linked. This means that any important event or news story that affects one area could easily affect another, even if the link isn’t obvious at first sight. We can also see how local shocks and events can quickly have an effect at a global level.
The financial crisis of 2008 is a good example, as it started with a serious downturn in the US housing market. Although this appeared to be a localized issue at first, it soon revealed some major issues with the global banking setup that caused problems around the planet affecting millions of people and diverse industries.
Speculation and investment trends
The previous factors all point toward the markets changing, and there’s no shortage of traders around the world waiting to see what happens next and how they can benefit. This means that we need to take into account other issues such as speculation and investment trends in the markets.
Armed with a variety of tools, including candlestick charts, traders try to identify trends such as support and resistance levels. They use the information they glean from the charts to make their moves, which can influence the general market if enough people make the same moves or if the amounts involved are significant.
Once an investment trend begins, it can have a knock-on effect that would have been impossible to predict at the outset. The example of Bitcoin and other cryptocurrencies shows how something that starts small can grow impressively. Cryptocurrencies have now gained enough mainstream appeal to influence and disrupt many industries, from healthcare to gaming and banking.
It’s important to understand how the leaders of a company operate and how they have faced challenges in the past. If we look at banking and the Bank of New York Mellon in particular, we can see that its history can be traced back to 1784, so it has overcome all the major events that have occurred since then. With some of the biggest names in the business world making up its key institutional investors, this is a company that we would expect to react effectively to changing markets.
Regulatory changes and company results
Just about every industry represented in the financial markets has laws and regulations that govern it. This means that the fear of harsher new laws is an almost constant threat. Meanwhile, the hope that beneficial changes to the regulations help businesses prosper is the other side of this matter that investors keep a close eye on.
Let’s not forget the role played by the profit and loss results produced by major companies. It’s clear that these results have an almost immediate effect on their stock prices. However, we should also bear in mind that this effect can reach other areas of the economy. A surprising set of results for a large business can produce shock waves that travel around the market.
What impact do they cause?
From the wide variety of examples that we’ve looked at here, it’s clear that the impact isn’t going to be the same in every case. While one set of circumstances might snowball and cause a huge impact, another might cause a limited impact before the news disappears as other events overtake it.
Having said that, one of the key issues that they cause is a higher degree of market volatility. We can see how this works by looking at an area such as the COVID-19 pandemic in 2020. The markets became a lot more volatile as the different aspects of the pandemic became clear. Streaming companies, healthcare companies and video conferencing technology firms made huge profits, while airlines and hotels were among those to lose out massively.
Working out the overall impact of a particular situation is almost impossible to do now. With so many traders looking over the latest news stories and numbers with advanced tools, the original impact can quickly grow or simply disappear. Therefore, the key for investors is to understand emerging trends and react to them before it’s too late.
These details reveal how complex the global financial market is now. It’s a fascinating world, and with more information at our fingertips than ever before, it’s something that anyone can start to research and understand in their own way.
OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.
“The Centodieci combines all the values of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.
This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.
This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.
Recall that each unit costs the owners eight million euros before taxes.
Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.
Always be the first to know.
Sixth year in a row Consumer Choice and Five Star Online Press Award.
Download our free app.
BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.
The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.
The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”
Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.
Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.
Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.
Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…
Always be the first to know.
Sixth year in a row Consumer Choice and Five Star Online Press Award.
Download our free app.
-
World3 years ago
The Gabby Petito case. Brian Landry set up camp with his family after his girlfriend disappeared
-
Top News5 years agoTristan Thompson reacts to Khloé Kardashian’s new appearance
-
Top News5 years agoTLC ‘sMothered’ recap: ‘Party curled up,’ boyfriend problem
-
Top News5 years agoAlex Cooper hosts a solo podcast
-
Top News4 years ago2021 Ford Bronco price: Here’s how much the 2-door and 4-door cost
-
Economy2 years agoEverything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners
-
Tech4 years agoFall Guys is supplying out a legendary costume and Kudos as an apology present
-
Top News5 years agoChiara de Blasio was ‘very cold’ during the arrest of the protest: witness