Tesla intends to ship large quantities of cars manufactured in China to Europe and Asia


“Tesla” electric vehicle company plans to ship cars produced at its “Shanghai Gigafactory” plant to other markets in Asia and Europe, Bloomberg News reported yesterday, citing informed sources.
Huge quantities of “Tesla” cars of a 3-model, made in China, will likely be delivered outside the country in the fourth quarter of the year, according to the sources, who asked not to be identified as the details are private.
The target markets include Singapore, Australia and New Zealand, in addition to Europe, where customers must now wait for the start of delivery of “Tesla” cars from US shipments at the end of this year or early 2021, according to the sources.
The world’s largest electric vehicle manufacturer is boosting production. The General Motors car company had said this week that it would acquire a stake of nearly two billion dollars in the Nikola Corp. for electric trucks, according to the “German”.
In addition, the German truck manufacturer MAN intends to restructure itself and intends to eliminate 9,500 jobs it has in Germany and Austria.
The company, owned by the German group “Volkswagen” for cars, announced that the move is part of a plan to improve the company’s results by about 1.8 billion euros by 2023.
The company is set to write off jobs in all sectors. The managers intend to move production and development to other locations, and it is possible that the production site in the Austrian city of Steyr and the operation sites in the German cities of Plauen and Wettlich will be completely closed.
A major job cut has been under discussion at the company for a long time, due to soaring costs for the group even before the Corona crisis. There was talk in the media recently about the loss of 6,000 jobs.
A violent dispute erupted between a former board member of Volkswagen’s commercial vehicles branch and the president of Tratton, Andreas Wenschler, on the one hand, and employees on the other hand, over this measure. Renschler was forced to leave his posts at Volkswagen at the beginning of July, and Tratton and Man got two new presidents.
As for the restructuring, MAN estimates the costs in the range of half a billion euros. It is now planned to start negotiations with staff representatives as soon as possible.
“The intended reorientation will require a fundamental restructuring of the company’s business in all areas, including the reorganization of the development and production network, in addition to a significant job reduction … In this context, it is planned to transfer some development and production operations to sites,” the company’s statement said. Other “.
MAN and Sweden’s Scania are part of the Volkswagen Group. The industry is under pressure from a sharp drop in truck demand around the world. In Europe, MAN had forecast a 10-20% drop in demand this year even before the Corona pandemic.
It is noteworthy that a recent study revealed that the Corona pandemic crisis has caused the automotive sector year-round losses in billions.
The analysis conducted by the economic consulting company “Ernst & Young” showed that the total operating losses of the 17 largest auto companies in the second quarter of this year amounted to about 11 billion euros, compared to profits of about 22 billion euros in the second quarter of 2019.
According to the study, only six companies did not suffer losses, and the American company “Tesla” for the manufacture of electric cars was the only one that achieved better results during the period from April to June last year compared to last year, thus jumping to the list of car companies the most Profitability, according to “Ernst & Young.”
According to the analysis, none of the manufacturers was able to save themselves from the decline in sales in the second quarter, as the total loss in sales amounted to about 177 billion euros, a decrease of 41 percent compared to the second quarter of the previous year.
Sales losses ranged from 5 per cent for Tesla to 57 per cent for Mitsubishi. The three German companies – Volkswagen (-37 percent), Daimler (-29 percent) and BMW (-22 percent) – recorded moderate losses in sales.
The head of the automotive and transportation division of “Ernst & Young”, Konstantin M. Last Wednesday, he toured, “This decline in sales and profits is unprecedented … the pandemic has almost brought the global auto industry to a standstill at times – which has had dire consequences for sales and profits.”
In terms of the foreign exchange market, China proved to be the most important pillar for German manufacturers in the second quarter. “All three German car companies managed to achieve growth in China in the second quarter, while sales in other regions fell. China’s share in global sales of companies increased. German car industry from 33 to 51 percent. “
Although results are expected to improve significantly in the third quarter compared to the second quarter, experts, “Ernst & Young” do not expect sales numbers to return to pre-crisis levels until 2022 at the earliest. Experts indicated that it is inevitable that factories will be closed and jobs will be lost in the sector, but the time has not yet come. “The big awakening is likely not to come until next year,” said Ernst & Young, a car expert, Peter Voss. “Then there will be severe selection.”


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