According to Nikkei News, the European Union’s tariffs on Chinese electric vehicles have officially come into effect, sparking widespread condemnation from the German auto industry. Industry leaders have expressed that this move represents a further blow to an already struggling German automotive sector, describing it as a “fatal strike.” The German Automotive Industry Association (VDA) […]
On October 30, 2023, Hyundai Motor Company revealed its latest hydrogen fuel cell concept car, INITIUM, during a grand launch event. This model not only showcases Hyundai’s cutting-edge innovations in hydrogen technology but also offers a fresh perspective on future sustainable transportation solutions. INITIUM features Hyundai’s latest hydrogen fuel cell technology, providing high efficiency and […]
On October 30, Japan’s Suzuki Motor and Toyota Motor said in a statement that Suzuki Motor’s Indian subsidiary will supply Toyota Motor with its first electric vehicle. Boosted by the news, Maruti Suzuki’s shares rose by about 4%, close to the intraday high. Maruti Suzuki, which is controlled by Suzuki Motor, will start producing the […]
On October 29, 2023, the European Commission officially announced the conclusion of its anti-subsidy investigation into Chinese electric vehicles and decided to impose a five-year final tariff on pure electric vehicles imported from China. This decision was published in the EU’s official gazette, meaning the tariffs will take effect on October 30. The investigation was […]
Automaker Stellantis announced today that its plant in Melfi, southern Italy, will begin production of the all-new Lancia Gamma mid-size car starting in 2026. This decision marks a significant step in revitalizing the Lancia brand and aims to re-establish its presence in the market. The CEO of Stellantis stated, “We are confident in the future […]
Honda Motor Co. has announced a recall of approximately 780,000 vehicles in North America to address the risk of cracks in high-pressure fuel pumps that could lead to fuel leaks. This recall involves 720,000 vehicles in the U.S. market and about 61,000 in Canada. In a statement, Honda confirmed that some models had been found […]