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…
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auto industry
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…
