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Schaeffler CEO Klaus Rosenfeld said Chinese automakers expanding into Europe, led by BYD and Chery, present opportunities for parts suppliers rather than threats. The company is ready to supply new entrants and deepen existing ties. Europe’s auto sec

2026-05-05

Schaeffler CEO Klaus Rosenfeld said Chinese automakers expanding into Europe, led by BYD and Chery, present opportunities for parts suppliers rather than threats. The company is ready to supply new entrants and deepen existing ties. Europe’s auto sector faces weak EV demand, high costs, and restructuring pressures, prompting partnerships and job cuts, while new competition, including Tesla, reshapes the market landscape.

Other News
2026-05-05

WTI crude oil fell below $103 per barrel, down 3.09% on the day.

WTI crude oil fell below $103 per barrel, down 3.09% on the day.
2026-05-06

Brazilian Vice President Alckmin: Brazilian President Lula will raise the issue of organized crime during his meeting with US President Trump.

Brazilian Vice President Alckmin: Brazilian President Lula will raise the issue of organized crime during his meeting with US President Trump.
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