Core Insights - The value of built-up vehicle exports from South Korea decreased by 10.5% to US$ 6.5 billion in October 2025 compared to US$ 6.2 billion a year earlier, attributed to fewer working days due to the Chuseok holidays and a significant drop in vehicle output [1][4] Export Performance - Exports to the US fell sharply by 29% to US$ 2.12 billion, influenced by a 25% import tariff imposed by the US and increased production at Hyundai's new assembly plant in Savannah, Georgia [2] - Exports to Europe decreased by 2.1% to US$ 746 million, while shipments to the Middle East declined by 13.5% to US$ 403 million [3] - In contrast, exports to Asia increased by 42% to US$ 802 million, and exports to Latin America rose by 24% to US$ 290 million [3] Electric and Hybrid Vehicle Exports - Overall exports of electric and hybrid vehicles saw a slight increase of 1% year-on-year, totaling 64,427 units valued at US$ 2 billion in October [3] - For the first ten months of 2025, the total value of new vehicles exported from South Korea reached a record high of US$ 59.6 billion [3]

Core Viewpoint - Renault SA is considering plans that could result in up to 3,000 job cuts globally, primarily affecting support services such as human resources, finance, and marketing, with a potential reduction of about 15% in these areas [1][2][3]. Group 1: Job Cuts and Operational Changes - The company is evaluating ways to simplify operations, accelerate execution, and optimize fixed costs, although no final decision has been made regarding the job cuts [3]. - Reports indicate that the job cuts could amount to approximately 3,000 positions worldwide [1]. Group 2: Market Challenges - Renault has been largely insulated from U.S. tariffs since it does not sell cars in the American market, but it has still experienced indirect impacts due to increased competition from European rivals [4]. - The company is facing intensified competition from Chinese manufacturers in both electric and hybrid vehicle segments [7]. Group 3: Strategic Investments - With over 70% of its sales occurring in Europe, which is showing limited growth, Renault is looking to expand into emerging markets [7]. - The company has announced plans to invest €3 billion (approximately $3.4 billion) to introduce eight new models targeted at non-European markets by 2027 [7].