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Maktoum witnesses launch of Dubai Auto Market development project

18 Nov 2025

Under the directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, to develop the Dubai Auto Market into the world’s...

US tariff of 15% on Japanese auto exports to take effect Tuesday

16 Sep 2025

The US will begin formally implementing a lower 15 per cent tariff rate on imports of automobiles and auto parts from Japan as of Tuesday morning, according to the...

BYD to invest $94 million in new Hungary plant

28 Jun 2025

Chinese automaker BYD will invest 32 billion forints ($94 million) in a new plant in the northern Hungarian town of Komarom, tripling its annual capacity to 1,250 electric buses...

US auto industry could be collateral damage in Trump’s global trade wars

02 Mar 2025

President Donald Trump’s trade wars threaten to claim a casualty on the home front: the American auto industry. If the president goes ahead with 25% taxes on imports from...

Honda and Nissan scrap merger talks

13 Feb 2025

Japanese auto giants Honda and Nissan confirmed on Thursday they had scrapped merger talks that would have created the world’s third-largest automaker by unit sales. The bid to join...

Tesla’s Oct China-made EV sales fall 5.3 per cent

04 Nov 2024

US automaker Tesla sold 68,280 China-made electric vehicles in October, down 5.3 per cent from a year earlier, data from the China Passenger Car Association (CPCA) showed on Monday. Deliveries...

Hyundai to launch $3b India IPO next week

08 Oct 2024

Hyundai Motor India’s IPO will open next week for subscriptions and will likely be priced in the range of 1,865 to 1,960 rupees ($22 to $23) per share, sources said...

US new vehicle sales decline in 3rd quarter on fewer selling days

02 Oct 2024

Top US automakers reported a fall in their third quarter sales on Tuesday, hurt by fewer selling days and weaker consumer spending amid inflationary challenges and higher interest rates....

Volkswagen faces challenges at home

03 Sep 2024

German auto major Volkswagen (VW) faces a major challenge, especially from the workers’ union, as it wants to close down some of the units and end its job security...

General Motors beats Q2 expectations

23 Jul 2024

General Motors reported second-quarter profit and revenue on Tuesday that beat Wall Street’s expectations, and raised its annual profit forecast for a second time this year, buoyed by strong pricing...

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