Featured Egypt, Volkswagen advance plans for local car manufacturing Aya Anwar Dec 3, 2025 0 Egypt’s Minister of Industry Kamel El-Wazir held a videoconference on Wednesday with Volkswagen Group CEO Thomas…
Featured EU-US trade deal lifts outlook for European corporate earnings Aya El Sayed Jul 29, 2025 0 The outlook for European corporate earnings improved on Tuesday, according to Reuters, citing LSEG I/B/E/S data,…
Industry & Trade Global automaker stocks plunge as Trump announces 25% tariffs Aya Anwar Mar 27, 2025 0 Automaker stocks tumbled Thursday after US President Donald Trump announced a 25 per cent tariff on all imported…
Featured Trump’s tariffs could hit Central Europe’s economies – S&P Global Aya El Sayed Mar 3, 2025 0 US President Donald Trump's plan to impose 25 per cent tariffs on European Union imports could dent Central…
Industry & Trade Volkswagen sales fall 2.3% amid cost pressures Nada Ali Jan 14, 2025 0 Volkswagen reported on Tuesday a 2.3 per cent drop in its sales to just over nine million vehicles for 2024 as it…
Featured BYD’s EV sales reach 1.76m in 2024 Aya El Sayed Jan 1, 2025 0 China’s BYD Co. reported on Wednesday record-breaking sales of 4.25 million passenger vehicles in 2024, driven by a…
International News Honda, Nissan exploring potential merger Nada Ali Dec 23, 2024 0 Honda and Nissan are expected to announce a partnership on Monday to investigate the possibility of merging.
Featured VW averts closures, announces workforce reductions Aya El Sayed Dec 22, 2024 0 Volkswagen announced on Friday a comprehensive restructuring plan that includes 35,000 future job cuts and reduced…
Featured German business sentiment in China hits record low in ’24 Aya El Sayed Dec 4, 2024 0 Business sentiment among German companies in China has reached an all-time low, according to the German Chamber of…
International News Volkswagen, SAIC decide to sell Xinjiang factory Nada Ali Nov 27, 2024 0 Volkswagen and Shanghai's SAIC Motor have decided to sell a factory in Xinjiang, China, following criticism over…
Africa News S. Africa weighs tax rebates, subsidies to boost EV adoption Aya Anwar Oct 17, 2024 0 South Africa is exploring tax rebates and subsidies to encourage electric vehicle (EV) adoption, President Cyril…
International News S. Korea imported passenger vehicles up 11.6% in Sep. ’24 Nada Ali Oct 7, 2024 0 The South Korea Automobile Importers and Distributors Association (KAIDA) reported 24,839 newly registered imported…
News S. Korea’s imported passenger vehicles rise 1.3% M-o-M in August Nada Ali Sep 4, 2024 0 The South Korea Automobile Importers & Distributors Association (KAIDA) reported 22,263 newly registered…
Featured European stocks fall on weak automaker earnings Aya El Sayed Aug 1, 2024 0 European stocks fell on Thursday, erasing previous tech-driven gains, after disappointing results from automakers…
Featured Volkswagen-Rivian JV gets green light by German antitrust regulator Aya El Sayed Jul 29, 2024 0 Germany's Volkswagen and US electric car maker Rivian Automotive are exploring a potential joint venture, the…
Featured Xpeng, Volkswagen speeding up new EV development Aya El Sayed Jul 22, 2024 0 Chinese electric vehicle (EV) maker Xpeng has teamed up with German automaker Volkswagen AG to establish project…
Featured Serbia’s lithium to power EU carmakers Aya El Sayed Jul 18, 2024 0 Serbia will offer Mercedes-Benz, Volkswagen, and Stellantis the opportunity to purchase lithium for car batteries,…
Featured EU car sales surge 4.3% in June Aya El Sayed Jul 18, 2024 0 New car sales in the European Union (EU) rose 4.3 per cent in June to their highest level since July 2019, driven…
Featured Germany blocks VW’s gas turbine sale to China Aya El Sayed Jul 3, 2024 0 Germany's cabinet has intervened to block the sale of Volkswagen subsidiary MAN Energy Solutions' gas turbine…
Featured Egypt’s SCZone, Volkswagen partner for East Port Said car plant Aya El Sayed Jun 29, 2024 0 Egypt's Suez Canal Economic Zone (SCZone), Volkswagen signed a deal on Saturday with Egypt's Suez Canal Economic…
Stocks European automakers shares skid on ‘fear of retaliation’ from EU tariffs on… Aya El Sayed Jun 12, 2024 0 Shares of European car manufacturers faced declines on Wednesday, with prominent brands like Volkswagen and BMW…
International News EU to impose tariffs of up to 38% on Chinese EVs Nada Ali Jun 12, 2024 0 The European Commission informed carmakers that additional duties of 17-38 per cent will be applied to imported…
Featured Germany approves auto giants’ wireless licensing pact Aya El Sayed Jun 10, 2024 0 Germany's antitrust authority, the Federal Cartel Office, approved on Monday a collaboration among BMW,…
Featured EU to raise tariffs on Chinese EVs Aya El Sayed May 29, 2024 0 The European Commission is poised to announce higher tariffs on Chinese electric vehicles (EVs), sparking…
Featured EU sees significant rise in April’s new car sales Aya El Sayed May 22, 2024 0 New car sales in the European Union (EU) surged by 13.7 per cent in April, marking the largest increase since last…
Industry & Trade Volkswagen vows to hold ground in China’s EV price war Nada Ali Apr 24, 2024 0 Volkswagen, facing intense competition in China's electric vehicle (EV) market, is setting a target to maintain its…
Tech news VW, Xpeng team up to develop affordable EVs for China Nada Ali Apr 17, 2024 0 Volkswagen (VW) announced a collaboration with Chinese electric carmaker Xpeng to develop a new electrical…
Tech news Honda unveils new EV brand in China by ’27 Nada Ali Apr 16, 2024 0 Honda Motor outlined an ambitious plan to launch six next-generation EVs under the new "Ye" brand by 2027 in China,…
Industry & Trade China’s EVs dominate Dutch roads Nada Ali Mar 31, 2024 0 Chinese Electric Vehicle (EV) manufacturers are gaining traction in the Dutch market, accounting for eight percent…
Money Anhui Jianghuai, Volkswagen expand JV capital Amwal Al Ghad English Mar 12, 2024 0 Anhui Jianghuai Automobile of China announced on Tuesday that it will increase its joint venture’s registered…
Featured BYD becomes China’s best selling car brand Sama Mousa Jan 23, 2024 0 BYD Co. has overthrown Volkswagen AG to become China’s best-selling car brand in 2023, Bloomberg reported on…
Stocks Wall Street ends mixed in shortened Black Friday trading Aya Anwar Nov 26, 2023 0 U.S. stocks closed with a little change in holiday-shortened trading on Friday, with low volume and conviction.
Africa News Volkswagen CEO hails Egypt’s EV manufacturing progress at Africa Automotive Show… Nada Ali and Sama Mousa Nov 11, 2023 0 Martina Biene, Volkswagen Group South Africa's chairperson and president of the African Association of Automotive…
Industry & Trade U.S. attracts European clean tech companies offshoring Norhan Adel Apr 18, 2023 0 Inflation Reduction Act (IRA) is attracting European companies to invest in green energy in the United States
International News Volkswagen to open first battery cell plant in Canada Yassmine Elbehnaihy Mar 15, 2023 0 Volkswagen (VW) is set to build its first battery cell plant outside Europe, giving its cars access to Canadian and…
Tech news VW to invest $193 bln over 5 years to meet EV target Sama Mousa Mar 14, 2023 0 German Volkswagen automaker is planning on investing around $193 billion over the next five years in fields like…
International News Chinese passenger car sales declines by 20% – data Yassmine Elbehnaihy Mar 9, 2023 0 China's passenger vehicle sales had a 20 percent decrease in January and February due to weak demand, despite some…
Money Volkswagen targets productivity in challenging year Sama Mousa Mar 8, 2023 0 German car maker Volkswagen's executives said on Wednesday that they need to focus on productivity to cope with the…
News Toyota remains world’s top selling automaker for 3rd year in row Nada Ali Jan 31, 2023 0 Japan-based Toyota Motor Corporation (TMC) announced its sales on Monday that reached 10.5 million vehicles in…
Tech/AI Volkswagen reopens production at its largest car factory in Germany Amwal Al Ghad English Apr 28, 2020 0 Volkswagen on Monday has reopened production at its largest factory, in Wolfsburg in Germany after the coronavirus…