Ford Electric Vehicle Deliveries Dive 31% as Mach-e Sales Halted
Ford said the EV swoon was driven by the Mach-e stop-sale and a shortage of stock on dealer lots caused by factory shutdowns to change over to the 2025 model-year versions of two of its three battery-powered models.
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Yahoo
an hour ago
- Yahoo
Europe Automotive Circular Economy Market Outlook Report to 2034: EU Regulations and Digital Innovations Transform European Automotive Industry - A $100.25 Billion Market by 2034
The European automotive circular economy market, valued at $30.43 billion in 2024, is expected to reach $100.25 billion by 2034, growing at a CAGR of 12.66%. This growth is driven by a shift towards circular economy principles such as recycling, remanufacturing, and reusing, alongside regulatory pressure to cut emissions and boost sustainability. Key trends include digital innovations and the rise of electric vehicles, supported by the EU's Circular Economy Action Plan. Major companies like Umicore and BMW are key players. The market offers significant opportunities for innovation and strategic growth through partnerships and new product launches. European Automotive Circular Economy Market Dublin, July 01, 2025 (GLOBE NEWSWIRE) -- The "Europe Automotive Circular Economy Market: Focus on Application Type, Product Type, and Country - Analysis and Forecast, 2024-2034" report has been added to European automotive circular economy market was valued at $30.43 billion in 2024 and is projected to grow at a CAGR of 12.66%, reaching $100.25 billion by 2034. The market is expanding as a result of Europe's automotive industry's rapid transition to circular economy concepts, which include recycling, remanufacturing, and reusing components and materials. The need for fully recyclable, remanufactured, and refurbished car components is expected to increase as European manufacturers and regulators adopt more resource-efficient and sustainable growth is further supported by increased regulatory pressure to reduce carbon emissions, prolong vehicle lifespans, and optimise production processes. The automotive circular economy market on the continent is expected to grow significantly over the next ten years due to a number of factors, including the development of green technology, the rise in electric vehicles, and the European Union's ambitious circular economy action plan. Europe Automotive Circular Economy Market Trends, Drivers and Challenges Key Market Trends Expansion of closed-loop manufacturing and remanufacturing networks Integration of digital tracking (IoT, digital twins) for lifecycle monitoring Growth of vehicle-as-a-service and subscription models Second-life applications for EV batteries and parts Increased use of bio-based and recyclable materials Market Drivers Stringent EU regulations (Circular Economy Action Plan, End-of-Life Vehicle Directive) Corporate ESG commitments and sustainability targets Rising consumer demand for eco-friendly vehicles and components Cost savings from material recovery and reduced raw-material imports Advances in recycling technologies and automated sorting Market Challenges High capital expenditure for advanced recycling and remanufacturing facilities Supply-chain complexity and inconsistent standards across member states Limited market acceptance and pricing volatility for recycled materials Technical barriers in separating and processing composite and multi-material parts Need for skilled workforce and specialized reverse-logistics infrastructure Report Scope: Product/Innovation Strategy: The European automotive circular economy market is segmented based on various applications, vehicle types, propulsion types, and product categories, providing valuable insights into the industry's shift toward sustainability. The application segmentation includes a focus on vehicle components such as body parts, tires, batteries, and other key elements that are recycled, remanufactured, refurbished, and vehicle type, the market is divided into passenger vehicles and commercial vehicles, with the latter further segmented into light commercial vehicles, trucks, and buses. Propulsion types include internal combustion engine vehicles and electric vehicles, which are sub-categorized into hybrid electric vehicles, plug-in hybrid electric vehicles, and battery electric vehicles. The market is also analyzed by end-user type, including original equipment manufacturers (OEMs), the automotive aftermarket, and the market focuses on product types such as recycled, remanufactured, refurbished, and reused products. Key components in this circular economy include batteries, tires, polymers, body parts, and brakes and suspensions. As the automotive industry seeks to reduce waste and improve resource efficiency, these circular economy practices are becoming integral to achieving sustainability goals and driving growth in the Strategy: Europe's automotive circular economy market has been growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include product Strategy: The key players in the Europe automotive circular economy market analyzed and profiled in the study include professionals with expertise in the automobile and automotive domains. Additionally, a comprehensive competitive landscape such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the of the prominent names in this market are: Umicore ZF Friedrichshafen AG Valeo Renault Group BMW Group Aptiv Bosch GmbH Key Attributes: Report Attribute Details No. of Pages 96 Forecast Period 2024 - 2034 Estimated Market Value (USD) in 2024 $30.43 Billion Forecasted Market Value (USD) by 2034 $100.25 Billion Compound Annual Growth Rate 12.6% Regions Covered Europe Key Topics Covered:1 Markets1.1 Trends: Current and Future Impact Assessment1.1.1 Increasing Focus on Battery Recycling and Second Life Applications1.1.2 Growth of Vehicle Remanufacturing1.2 Supply Chain Overview1.3 Regulatory Landscape1.4 Impact Analysis for Key Global Events1.4.1 Implementation of Stringent Environmental Regulations1.4.2 Global Climate Agreements and ESG Initiatives1.5 Market Dynamics Overview1.5.1 Market Drivers1.5.1.1 Stringent Government Regulations and Policies1.5.1.2 Growing Corporate ESG and Sustainability Commitments1.5.2 Market Restraints1.5.2.1 Complex Supply Chains and Infrastructure Challenges1.5.2.2 Inconsistent Global Regulations1.5.3 Market Opportunities1.5.3.1 Growing EV adoption Creating Substantial Opportunities in Repurposing Batteries1.5.3.2 Expansion of Circular Supply Chains and Partnerships1.6 Investment Landscape1.7 Automotive Circular Economy Market Case Studies1.8 Automotive Circular Economy Overview1.8.1 Need for Circular Economy in the Automotive Industry1.8.2 Sustainability and ESG Goals of Key Automotive Companies1.8.3 Impact of Circular Economy on Various Automotive Lifecycle Stages1.8.4 Impact of Automotive Circular Economy1.8.4.1 Recycled Materials1.8.4.2 Green Steel1.8.4.3 Climate Neutral Vehicles1.8.4.4 Sustainable Manufacturing Plants1.8.4.5 Green Dealerships1.8.4.6 Second-Life Batteries2 Regions2.1 Regional Summary2.2 Europe2.2.1 Regional Overview2.2.2 Driving Factors for Market Growth2.2.3 Factors Challenging the Market2.2.4 Application2.2.5 Product2.2.6 Europe (by Country)2.2.6.1 U.K.2.2.6.2 Germany2.2.6.3 Italy2.2.6.4 France2.2.6.5 Spain2.2.6.6 Netherlands2.2.6.7 Rest-of-Europe3 Markets - Competitive Benchmarking and Company Profiles3.1 Next Frontiers3.2 Geographic Assessment3.3 Recycling Companies3.3.1 Umicore3.4 Remanufacturing3.4.1 ZF Friedrichshafen AG3.4.2 Valeo3.5 Integrated Circular Economy Solutions3.5.1 Renault Group3.5.2 BMW Group3.6 Technology Providers3.6.1 Aptiv.3.7 Parts and Components SuppliersFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment European Automotive Circular Economy Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Associated Press
an hour ago
- Associated Press
Del Monte, the 139-year-old canned fruits and vegetables company, seeks bankruptcy protection
Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as U.S. consumers increasingly bypass its products for healthier or cheaper options. Del Monte has secured $912.5 million in debtor-in-possession financing that will allow it to operate normally as the sale progresses. 'After a thorough evaluation of all available options, we determined a court-supervised sale process is the most effective way to accelerate our turnaround and create a stronger and enduring Del Monte Foods,' CEO Greg Longstreet said in a statement. Del Monte Foods, based in Walnut Creek, California, also owns the Contadina tomato brand, College Inn and Kitchen Basics broth brands and the Joyba bubble tea brand. The company has seen sales growth of Joyba and broth in fiscal 2024, but not enough to offset weaker sales of Del Monte's signature canned products. 'Consumer preferences have shifted away from preservative-laden canned food in favor of healthier alternatives,' said Sarah Foss, global head of legal and restructuring at Debtwire, a financial consultancy. Grocery inflation also caused consumers to seek out cheaper store brands. And President Donald Trump's 50% tariff on imported steel, which went into effect in June, will also push up the prices Del Monte and others must pay for cans. Del Monte Foods, which is owned by Singapore's Del Monte Pacific, was also hit with a lawsuit last year by a group of lenders that objected to the company's debt restructuring plan. The case was settled in May with a loan that increased Del Monte's interest expenses by $4 million annually, according to a company statement. Del Monte said late Thursday that the bankruptcy filing is part of a planned sale of company's assets.
Forbes
an hour ago
- Forbes
The Global 2000: Top 200
The Top 200 F or the past 23 years, Forbes' Global 2000 ranks the largest public companies in the world using four metrics—sales, profits, assets and market value—and despite the geopolitical uncertainty and combativeness resulting from Donald Trump's tariffs, all four reached records this year. The 2,000 companies on the 2025 list account for $52.9 trillion in annual revenue, $4.9 trillion in profit, $242.2 trillion in assets and $91.3 trillion in market cap. Those figures for profit, market value and assets have all at least tripled in the last 20 years, with total sales up 140% in that span, demonstrating how much globalization has helped the world grow, including the United States. America's largest bank, JPMorgan, is ranked No. 1 for the third year in a row, leading 612 U.S.-based companies on the list. A lake in the shape of the world's continents in the middle of untouched nature. getty Tech giants like Amazon and Microsoft as well as international behemoths Saudi Aramco and the Industrial and Commercial Bank of China remain entrenched members of the top 10, while Nvidia continues its fast rise up the rankings to 47th this year. We used the latest 12 months of financial data available to us as of April 25, 2025 to calculate the factors used in our ranking. Directly below find the Top 200. (Repeat ranks indicate a tie). Industries: Banking Country: United States Year Founded: 2000 Industries: Insurance Country: United States Year Founded: 1839 Industries: Banking Country: China Year Founded: 1984 Industries: Oil & Gas Operations Country: Saudi Arabia Year Founded: 1933 Industries: Retailing Country: United States Year Founded: 1994 Industries: Banking Country: United States Year Founded: 1904 Industries: Banking Country: China Year Founded: 1954 Industries: Banking Country: China Year Founded: 1951 Industries: IT Software & Services Country: United States Year Founded: 1998 Industries: IT Software & Services Country: United States Year Founded: 1975 Forbes Industries: Technology Hardware & Equipment Country: United States Year Founded: 1976 Industries: Banking Country: China Year Founded: 1912 Industries: Oil & Gas Operations Country: United States Year Founded: 1999 Industries: Consumer Durables Country: Japan Year Founded: 1986 Industries: Banking Country: United Kingdom Year Founded: 1865 Industries: Banking Country: United States Year Founded: 1952 Industries: Insurance Country: United States Year Founded: 1977 Industries: Retailing Country: United States Year Founded: 1962 Industries: Technology Hardware & Equipment Country: South Korea Year Founded: 1938 Industries: Diversified Financials Country: United States Year Founded: 1869 Industries: IT Software & Services Country: United States Year Founded: 2004 Industries: Banking Country: United States Year Founded: 1812 Industries: Oil & Gas Operations Country: United Kingdom Year Founded: 1907 Industries: Diversified Financials Country: United States Year Founded: 1931 Industries: Insurance Country: Germany Year Founded: 1890 Industries: Banking Country: Canada Year Founded: 1869 Industries: Insurance Country: China Year Founded: 1988 Industries: Oil & Gas Operations Country: China Year Founded: 1999 Industries: Banking Country: Spain Year Founded: 1857 Industries: Oil & Gas Operations Country: United States Year Founded: 1879 Industries: Telecommunications Services Country: United States Year Founded: 1983 Industries: Telecommunications Services Country: Hong Kong Year Founded: 1997 Industries: Retailing Country: China Year Founded: 1999 Industries: Banking Country: Japan Year Founded: 1971 Industries: Telecommunications Services & Cable Supplier Country: United States Year Founded: 1876 Industries: Banking Country: France Year Founded: 1848 Industries: IT Software & Services Country: China Year Founded: 1998 Industries: Semiconductors Country: Taiwan Year Founded: 1987 Industries: Banking Country: China Year Founded: 1987 Industries: Telecommunications Services Country: Germany Year Founded: 1995 Industries: Oil & Gas Operations Country: France Year Founded: 1924 Industries: Drugs & Biotechnology Country: United States Year Founded: 1886 Industries: Media Country: United States Year Founded: 1963 Industries: Insurance Country: France Year Founded: 1046 Industries: Oil & Gas Operations Country: India Year Founded: 1973 Industries: Banking Country: Canada Year Founded: 1855 Industries: Semiconductors Country: United States Year Founded: 1993 Industries: Food, Drink & Tobacco Country: Switzerland Year Founded: 1866 Industries: Household & Personal Products Country: France Year Founded: 1987 Industries: Business Services & Supplies Country: United States Year Founded: 1850 Industries: Oil & Gas Operations Country: China Year Founded: 2000 Industries: Banking Country: Spain Year Founded: 1857 Industries: Banking Country: India Year Founded: 1994 Industries: Consumer Durables Country: Germany Year Founded: 1937 Industries: Banking Country: India Year Founded: 1955 Industries: Banking Country: Japan Year Founded: 2002 Industries: Banking Country: China Year Founded: 1908 Industries: Technology Hardware & Equipment Country: Japan Year Founded: 1946 Industries: Banking Country: China Year Founded: 1919 Industries: Household & Personal Products Country: United States Year Founded: 1837 Industries: Insurance Country: Italy Year Founded: 2007 Industries: Capital Goods Country: Germany Year Founded: 1847 Industries: Banking Country: Australia Year Founded: 1911 Industries: Diversified Financials Country: Switzerland Year Founded: 1998 Industries: Banking Country: France Year Founded: 1885 Industries: IT Software & Services Country: United States Year Founded: 1977 Industries: Retailing Country: United States Year Founded: 1978 Industries: Semiconductors Country: United States Year Founded: 1991 Industries: Consumer Durables Country: United States Year Founded: 2003 Industries: Insurance Country: Switzerland Year Founded: 1872 Industries: Media Country: United States Year Founded: 1923 Industries: Consumer Durables Country: Germany Year Founded: 1886 Industries: Drugs & Biotechnology Country: United States Year Founded: 1849 Industries: Retailing Country: United States Year Founded: 1963 Industries: Banking Country: China Year Founded: 1988 Industries: Drugs & Biotechnology Country: United States Year Founded: 1891 Industries: Insurance Country: Switzerland Year Founded: 1985 Industries: Insurance Country: Germany Year Founded: 1880 Industries: Telecommunications Services Country: Japan Year Founded: 1952 Industries: Drugs & Biotechnology Country: Switzerland Year Founded: 1896 Industries: Consumer Durables Country: Germany Year Founded: 1975 Industries: Banking Country: Brazil Year Founded: 1944 Industries: Insurance Country: India Year Founded: 1960 Industries: Banking Country: Canada Year Founded: 1817 Industries: Oil & Gas Operations Country: Hong Kong Year Founded: 1999 Industries: Food, Drink & Tobacco Country: United States Year Founded: 1965 Industries: Consumer Durables Country: China Year Founded: 1995 Industries: Utilities Country: Italy Year Founded: 1962 Industries: Insurance Country: China Year Founded: 2003 Industries: Banking Country: Japan Year Founded: 2003 Industries: Aerospace & Defense Country: United States Year Founded: 1922 Industries: Food, Drink & Tobacco Country: Belgium Year Founded: 2008 Industries: Retailing Country: United States Year Founded: 1983 Industries: IT Software & Services Country: United States Year Founded: 1984 Industries: IT Software & Services Country: United States Year Founded: 1911 Industries: Insurance Country: United States Year Founded: 1937 Industries: Trading Companies Country: Japan Year Founded: 1954 Industries: Drugs & Biotechnology Country: United States Year Founded: 2004 Industries: Oil & Gas Operations Country: Brazil Year Founded: 1953 Industries: Drugs & Biotechnology Country: Switzerland Year Founded: 1996 Industries: Business Services & Supplies Country: Hong Kong Year Founded: 1979 Industries: Banking Country: Canada Year Founded: 1832 Industries: Consumer Durables Country: United States Year Founded: 1908 Industries: Food, Drink & Tobacco Country: United States Year Founded: 1886 Industries: Oil & Gas Operations Country: United States Year Founded: 1875 Industries: Oil & Gas Operations Country: Norway Year Founded: 1972 Industries: Banking Country: United States Year Founded: 1994 Industries: Drugs & Biotechnology Country: United States Year Founded: 2013 Industries: Drugs & Biotechnology Country: United Kingdom Year Founded: 1953 Industries: Banking Country: United States Year Founded: 1929 Industries: Banking Country: China Year Founded: 1987 Industries: Utilities Country: Spain Year Founded: 1992 Industries: Banking Country: Singapore Year Founded: 1968 Industries: Insurance Country: Italy Year Founded: 1831 Industries: Banking Country: India Year Founded: 1994 Industries: Banking Country: Italy Year Founded: 1870 Industries: Consumer Durables Country: Japan Year Founded: 1959 Industries: Capital Goods Country: United States Year Founded: 1925 Industries: Aerospace & Defense Country: France Year Founded: 1970 Industries: Insurance Country: United States Year Founded: 1792 Industries: Capital Goods Country: China Year Founded: 2011 Industries: Insurance Country: Japan Year Founded: 1879 Industries: Aerospace & Defense Country: United States Year Founded: 1892 Industries: Diversified Financials Country: United States Year Founded: 1971 Industries: Materials Country: Australia Year Founded: 1885 Industries: Banking Country: United States Year Founded: 1958 Industries: Consumer Durables Country: United States Year Founded: 1903 Industries: Insurance Country: United States Year Founded: 1868 Industries: Banking Country: Canada Year Founded: 1867 Industries: Telecommunication Services Country: Japan Year Founded: 1981 Industries: Drugs & Biotechnology Country: France Year Founded: 1973 Industries: Banking Country: Australia Year Founded: 1981 Industries: Diversified Financials Country: Germany Year Founded: 1870 Industries: Diversified Financials Country: United Kingdom Year Founded: 1896 Industries: Materials Country: United Kingdom Year Founded: 1873 Industries: Construction Country: China Year Founded: 1957 Industries: Technology Hardware & Equipment Country: Taiwan Year Founded: 1974 Industries: Drugs & Biotechnology Country: United States Year Founded: 1876 Industries: Construction Country: France Year Founded: 1899 Industries: Banking Country: Australia Year Founded: 1982 Industries: Banking Country: China Year Founded: 1992 Industries: Consumer Durables Country: South Korea Year Founded: 1967 Industries: Banking Country: United Kingdom Year Founded: 2009 Industries: Health Care Equipment & Services Country: United States Year Founded: 1888 Industries: Household & Personal Products Country: United Kingdom Year Founded: 1929 Industries: Banking Country: United States Year Founded: 1845 Industries: IT Software & Services Country: United States Year Founded: 1999 Industries: Drugs & Biotechnology Country: United States Year Founded: 1983 Industries: Capital Goods Country: United States Year Founded: 1837 Industries: Banking Country: Australia Year Founded: 1835 Industries: Chemicals Country: Japan Year Founded: 1947 Industries: Food Markets Country: Japan Year Founded: 1858 Industries: Retailing Country: Ireland Year Founded: 2015 Industries: Insurance Country: Hong Kong Year Founded: 1919 Industries: Semiconductors Country: South Korea Year Founded: 1949 Industries: Banking Country: United Kingdom Year Founded: 1968 Industries: Diversified Financials Country: United States Year Founded: 2007 Industries: Drugs & Biotechnology Country: Denmark Year Founded: 1923 Industries: Utilities Country: France Year Founded: 2008 Industries: IT Software & Services Country: Ireland Year Founded: 1989 Industries: Banking Country: France Year Founded: 1864 Industries: Banking Country: Spain Year Founded: 1980 Industries: Telecommunications Services Country: China Year Founded: 2002 Industries: IT Software & Services Country: Germany Year Founded: 1972 Industries: Banking Country: Netherlands Year Founded: 1991 Industries: Oil & Gas Operations Country: Canada Year Founded: 1949 Industries: Insurance Country: Canada Year Founded: 1887 Industries: Media Country: United States Year Founded: 1993 Industries: Materials Country: China Year Founded: 2004 Industries: Utilities Country: United States Year Founded: 1984 Industries: Retailing Country: China Year Founded: 1998 Industries: Transportation Country: United States Year Founded: 1907 Industries: Drugs & Biotechnology Country: United States Year Founded: 1887 Industries: Utilities Country: United States Year Founded: 1904 Industries: Capital Goods Country: Japan Year Founded: 1910 Industries: Utilities Country: Germany Year Founded: 2000 Industries: Chemicals Country: United Kingdom Year Founded: 1879 Industries: Diversified Financials Country: United States Year Founded: 1990 Industries: Food, Drink & Tobacco Country: United States Year Founded: 1847 Industries: Consumer Durables Country: Netherlands Year Founded: 2021 Industries: Banking Country: Finland Year Founded: 1974 Industries: Household & Personal Products Country: France Year Founded: 1909 Industries: Technology Hardware & Equipment Country: United States Year Founded: 1984 Industries: Food, Drink & Tobacco Country: United Kingdom Year Founded: 1902 Industries: Consumer Durables Country: China Year Founded: 1968 Industries: Insurance Country: United States Year Founded: 1875 Industries: Insurance Country: United States Year Founded: 1931 Industries: Banking Country: Brazil Year Founded: 1808 Industries: IT Software & Services Country: United States Year Founded: 1997 Industries: Insurance Country: United States Year Founded: 1864 Industries: Diversified Financials Country: United States Year Founded: 1988 Industries: Trading Companies Country: United States Year Founded: 1927 Industries: Aerospace & Defense Country: United States Year Founded: 1912 Industries: Semiconductors Country: United States Year Founded: 1985 Industries: Healthcare Care Equipment & Services Country: United States Year Founded: 1833 Industries: Banking Country: Qatar Year Founded: 1964 Industries: Utilities Country: United States Year Founded: 1945 Industries: Health Care Equipment & Services Country: United Arab Emirates Year Founded: 1998 Industries: Transportation Country: United States Year Founded: 2009 Industries: Insurance Country: China Year Founded: 1991 See the Full Global 2000 Here Forbes MORE FROM FORBES 2025 Global 2000 | United States United States getty 2025 Global 2000 | China 2025 Global 2000 | South Korea 2025 Global 2000 | India 2025 Global 2000 | United Kingdom 2025 Global 2000 | Japan 2025 Global 2000 | Canada 2025 Global 2000 | Germany
