Tag: Automobile
-
Pressure in China helps convince Volkswagen it’s time to change
Volkswagen’s sweeping restructuring underlines the force of the China shock hitting Germany’s economy as the world›s biggest car market, short years ago a major profit center, rapidly becomes a major ... -
Major German carmakers hit by steep China sales plunge as competition heats up
Major German carmakers saw sharp quarterly sales declines in China as domestic demand weakened and competition heated up in the world’s biggest auto market. At Volkswagen, Mercedes-Benz, BMW ... -
China’s passenger car exports surge as domestic sales slump
China’s exports of passenger cars surged in April, an industry group said yesterday, as its carmakers push to expand in overseas markets as domestic sales continue ... -
China car exports surge as expectations grow for EV pivot on Iran war energy shock
China’s exports of passenger cars accelerated in March, an industry association said Friday, as Chinese automakers stepped up their push to grow overseas markets. Passenger car exports ... -
Dealers warn recovery in car market remains out of reach
The city’s car market remains under pressure, with dealers warning that a recovery is unlikely in the near term as prolonged vehicle replacement cycles and weak ... -
Toyota reports a drop in profit as Trump’s taxes hurt Japanese automakers
Toyota reported a 7% year-on-year drop in profit for April-September yesterday, as U.S. President Donald Trump’s tariffs slammed Japanese automakers. Net profit for the April-September period ... -
Gov’t shows signs of tackling the price wars that are taking a toll on its EV industry
The Chinese government is signaling enough is enough when it comes to the fierce competition in the country’s electric car market. China’s industrial policy has engineered ... -
Rich in cash, Japan automaker Toyota builds a city to test futuristic mobility
Woven City near Mount Fuji is where Japanese automaker Toyota plans to test everyday living with robotics, artificial intelligence and autonomous zero-emissions transportation. Daisuke Toyoda, an ... -
Nissan, Honda announce plans to merge, creating world’s No. 3 automaker
Japanese automakers Honda and Nissan have announced plans to work toward a merger, forming the world’s third-largest automaker by sales as the industry undergoes dramatic changes ... -
US agency ends investigation into Ford engine failures after recall
The U.S. government’s auto safety regulator has ended a 2 1/2-year investigation into Ford engine failures after the company replaced engines or extended the warranty on ... -
BMW recalls 1.3 million vehicles that may have Takata airbag inflators
BMW was recalling more than 1.3 million vehicles in China that might have Takata airbag inflators following a similar recall in the United States last month, ... -
Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies
After the United States passed new subsidies designed to boost domestic electric vehicle production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in ... -
Gov’t push for EVs yet to show significant results
The local automobile sector continued to grow slightly last year, presenting an increase year-on-year of just 0.92% when compared to the year 2022, statistics from the ... -
Nissan will invest $1.4 billion to make EV versions of its best-selling cars at its UK factory
Nissan will invest $1.4 billion to update its factory in northeast England to make electric versions of its two best-selling cars, a boost for the British ...
