Volvo cars sales fall in May ’25, EV demand slips
Volvo Cars reported a 12 per cent year-on-year drop in global sales for May, delivering 59,822 vehicles, the…
Browsing Tag
auto industry
Japan weighs PM visit to Washington
Japanese Prime Minister Shigeru Ishiba is considering a visit to Washington to meet US President Donald Trump ahead…
Vietnam’s auto firms earnings growth expected
Vietnam's motorcycle and car joint venture sector is forecasted to see consistent earnings growth in the next few…
Japanese business confidence dips in August – survey
Japanese business confidence softened in August, according to the Reuters Tankan survey released on Wednesday.
S. Korea’s car exports hit record high in H1 ’24
South Korea's car exports surged to a new high in the first half of 2024, marking a 3.8 per cent increase from the…
Honda to invest $65b in EV
Japan's Honda Motor plans to invest $65 billion over the next decade to boost its electrification efforts.
Tesla gets China’s mapping licence
China's internet giant Baidu has reached an agreement with Tesla that paves the way for the rollout of Tesla's Full…
China’s EV market to see price war due to oversupply
China's electric vehicle (EV) market is expected to see a fierce price war erupt this year as supply outpaces…
Tesla eyes Indian market with potential $3b investment
Elon Musk, CEO of Tesla, plans to invest $2-$3 billion in India, which could significantly impact the country's…
Honda unveils new EV brand in China by ’27
Honda Motor outlined an ambitious plan to launch six next-generation EVs under the new "Ye" brand by 2027 in China,…
China’s Zeekr to raise $500m in US IPO
China's Zeekr electric vehicle has resumed plans to raise up to $500 million in a New York initial public offering…
Xiaomi’s stocks soars after launching 1st EV
Xiaomi's stock surged 16 per cent on Tuesday after the launch of its new electric vehicle, despite forecasts of…
Xiaomi’s 1st EV receives 88.8k pre-orders in 24-hour
Xiaomi’s debut electric sedan, the SU7, faces soaring demand with pre-orders exceeding 88,898 in just 24 hours, as…
China’s commercial auto output grows 9% in Jan-Feb
China's commercial vehicle production and sales showed robust growth in the first two months of 2024.
Toyota posts 7% rise in global output for Jan.
Toyota Motor reported a seven per cent increase in global vehicle production in January, marking the 13th…
Chinese firm sells $250m bond to support LGFV
China’s Guizhou Hongyingda Construction Project Management Co. issued a 1.8 billion yuan ($250 million) five-year…
Cadillac Electric SUV available only online in France
US automaker General Motors (GM) unveiled its luxury electric Cadillac Lyriq in France, expanding its European…
VinFast asks for India EV import duty cut
Vietnamese electric vehicle manufacturer VinFast has made a request to India for a reduction in import duties on…
BAIC’s EV brand to launch first Huawei-backed sedan in ’24
BAIC BluePark New Energy Technology, the electric vehicle arm of Beijing Automotive Group (BAIC), is set to launch…
China’s BYD plans to build new EV plant in Mexico
China's top electric vehicle manufacturer, BYD, is considering establishing a plant in Mexico to serve as an export…
GM Korea to launch 4 new vehicles in ’24
General Motors (GM) Korea unveils plans to introduce four new vehicles in South Korea this year including two…
Hyundai global sales rise in Jan. ’24
South Korea’s biggest auto maker Hyundai Motor Company reported on Thursday its global sales that reached 315,555…
Toyota remains world’s top-selling automaker in 2023
Toyota Motor sold a record of 11.2 million vehicles globally in 2023, cementing its position as the world's…
Toyota stops shipping 10 models due to engine anomalies
Toyota Motor Corp. announced on Monday that it would suspend its global shipments of 10 vehicles – including the…
EU car market slows by 3.3% in Dec. of ‘23
The European Union (EU) car market experienced a 3.3 per cent decline, marking the first decrease in 16 months as…
Renault sales increase by 9.4% in ‘23
The French automaker Renault Group registered a substantial worldwide sales increase of 9.4 per cent with 1,548,748…
Arab Energy Fund invests $1bln in decarbonisation
The Arab Energy Fund, formerly APICORP, announced on Monday that it intends to invest up to $1 billion in…
South Africa to produce its first electric car by 2026
South Africa's Trade Minister, Ibrahim Patel, announced on Monday that South Africa's auto industry will likely…
Europe’s new vehicles sales rise 12% in February
Europe's auto sales increased by 12 percent last month for a seventh straight month, aided by strong growth in the…
Volkswagen targets productivity in challenging year
German car maker Volkswagen's executives said on Wednesday that they need to focus on productivity to cope with the…
Egypt attracts $145mln investments in automotive sector
Three international automotive companies are planning to invest up to $145 million in Egypt over the next three…
Toyota remains world’s top selling automaker for 3rd year in row
Japan-based Toyota Motor Corporation (TMC) announced its sales on Monday that reached 10.5 million vehicles in…
India’s Zoomcar lunches green programme to promote eco-friendly car usage
India’s largest car-sharing marketplace covering emerging markets and dominating the self-driving car market,…
BMW agent in Egypt plans to invest 1 billion Egyptian pounds
The BMW group announced investments of more than $100 million to develop its services and enhance its presence in…
BMW names Global Auto as new agent in Egypt
German carmaker BMW has named Global Auto Group as its new importer and agent in Egypt.
Egypt signs 2 protocols to localize, develop auto industry
Two cooperation protocols between the Engineering Automotive Manufacturing Co. (EAMCO) and El Nasr Automotive…
Auto industry strategy to be issued next October: Nassar
The Minister of Industry And Trade announced that his ministry seeks to finish drafting a strategy for auto…
Fiat and Volkswagen explore investment opportunities in Egypt’s auto industry
The Italian Fiat and German Volkswagen automakers are considering investing in the auto industry field in Egypt,…
Tesla crash raises concerns about autonomous vehicle regulation
The fatal crash of a Tesla Motors Inc Model S in Autopilot mode has turned up pressure on auto industry executives…
Uber attempting to buy self-driving cars: source
Ride-hailing service Uber has sounded out car companies about placing a large order for self-driving cars, an auto…