Economy
High voltage in Autoeuropa
The cessation of sales of vehicles with polluting emissions by 2035 is putting pressure on car manufacturers in Portugal. One of the most notorious cases is Autoeuropa, given the weight of the Palmela plant in the Portuguese economy (see text above). For now, a source at the company points to a $500 million investment made late last year for the next five years to adapt the production plant to the new generation T-Roc, which should already have a hybrid version. . plugin.
The idea of Brussels to aim at 100% elimination of emissions from passenger cars or light commercial vehicles with an internal combustion engine has received a negative opinion from the Portuguese government. The position was endorsed by the general secretary of Automóvel Portugal (ACAP): “The Portuguese government – together with Italy, Bulgaria, Romania and Slovakia – even took a favorable position because it was trying with four more countries to get an extension of legislation by 2040 to give our manufacturers time for this transition”, stating that this scenario “will be the most positive”. However, the opposition of these four countries, including Portugal, was not enough, since the ban received the approval of all other member states.
And the proposal of the European Commission has already been approved by the European Parliament.
So, is the future of Autoeuropa at stake?
For now, according to former minister Mira Amaral, who brought the company to Portugal under Cavaco Silva’s government, the group will be interested in making the investment profitable, and only then will it think about the future.
“I believe that changing the platform to electric models is not yet possible until the amount invested now is reimbursed. But this is a question that will inevitably arise in four or five years.” In an author’s article published by an economist in Sunrise, in 2021 Mira Amaral has already left the future of Autoeuropa open. “Successive governments have concluded successful investment agreements with Autoeuropa. Will VW continue to bet on internal combustion engine (VCI) vehicles and after T-Roc will there still be a future for another VCI at Palmela, or will production have to be gradually adapted to hybrids and electric vehicles (EV)? these questions will determine the future of the Palmela plant.”
However, the economist regrets that Portugal continues not to talk about this topic, while Spain is already switching its industry to electric vehicles.
An opinion shared by Daniel Bernardino, coordinator of the working committees of the Industrial Park – satellite companies that supply Autoeuropa – in ensuring that both manufacturers and the Portuguese government do not expect this change. “We have been concerned about this issue, not least because we see a neighboring country with large investments in car electrification, and Portugal, from our point of view, is left behind in the face of competition from other countries,” he says Sunrise. And that is why he has already asked for meetings with the Minister of Economy and the Minister of Labor, but has not yet received any answer. This structure also calls for the intervention of the central trade unions. “We want everyone to walk in the same direction with us despite this numbness.” Read more: A source close to the industry is optimistic, assuring that Autoeuropa has a production plan for this model until 2027, and from then on it will be a strategy that builders will determine. But it leaves a warning:_“The blockade is only in Europe, brands continue to sell cars to South America, Africa and Asia. Only in Europe will we see this restriction in 2035.”
Daniel Bernardino also says that for the moment he has information that until 2030 the Palmela plant will continue to produce combustion engine vehicles and even a hybrid, acknowledging, however, that the plant “obviously needs to be prepared with investments and companies “. the industrial park will obviously have to invest in new electric models or hydrogen models.” And he adds that since Autoeuropa has become a mass production plant, with the transition to the production of 300 thousand cars per year, Portugal is already considered a car manufacturing country, also remembering that the PSA in Mangualda helped Portugal achieve this status and which announced last week, which invests in an electric model. An advertisement that he believes “is an encouragement to the industry”.
Earlier this month, Stellantis Group President Carlos Tavares guaranteed that the Mangualda plant would start producing cars with an electric motor. A solution that can guarantee the future of this plant, which employs about 900 people, for decades to come. “Teams in Mangualde are already preparing this transition so that if necessary, the plant has the flexibility to respond,” the manager said, also reassuring that “Mangualde’s cost levels and competitiveness” were key factors justifying the transition. solution.
Spain wins the race
Daniel Bernardino, despite the information he has, says that the German group may be making preparations so that Portugal can also be part of the trams so that it does not fall behind, and regrets that the country “does not make such investments as those that have already been made in Spain” – on the example of a battery factory in Valencia. “Unfortunately, we do not have this news, but we have already understood that there will be investments in a lithium plant in Setúbal, and this is a good indicator.”
But the examples don’t end there. The coordinator of the industrial park committees also reported on the announcement two weeks ago that Ford announced two electric models for Valencia, thus guaranteeing 25,000 jobs over the next 10 years. In Portugal, we have no news of this kind. Naturally, we cannot compare ourselves with Spain in terms of the automotive industry, but at the moment Germany itself is already concerned about what Spain is doing, ”he admits.
According to the official, the country lacks “lobby in the positive direction of the Portuguese government towards the European Union and car manufacturers so that we can be more attractive.” And emphasizes: “Obviously we lack the infrastructure for import and export, which makes us more air-conditioned, unlike what happens in Spain.”
Economy
What factors impact financial markets?
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.
Economy
Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners
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.
Economy
The first Dacia hybrid. “The cheapest hybrid family on the market”
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…
-
World3 years ago
The Gabby Petito case. Brian Landry set up camp with his family after his girlfriend disappeared
-
Top News5 years ago
Tristan Thompson reacts to Khloé Kardashian’s new appearance
-
Top News5 years ago
TLC ‘sMothered’ recap: ‘Party curled up,’ boyfriend problem
-
Top News5 years ago
Alex Cooper hosts a solo podcast
-
Top News4 years ago
2021 Ford Bronco price: Here’s how much the 2-door and 4-door cost
-
Economy2 years ago
Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners
-
Tech4 years ago
Fall Guys is supplying out a legendary costume and Kudos as an apology present
-
Top News5 years ago
Chiara de Blasio was ‘very cold’ during the arrest of the protest: witness