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 […]
According to foreign media reports, industry data released by British Automobile Manufacturers and Trade Associations (SMMT) shows that in September this year, British automobile production fell for the seventh consecutive month because the factory gradually reduced the production of existing models in order to transform the transformation in […]
Tesla recently announced its financial results for the third quarter of 2024, showcasing strong performance. According to the report, the company’s vehicle sales increased by 6.4% year-over-year, reaching 462,890 units. Meanwhile, total revenue grew by 8% to $25.2 billion. In the automotive segment, Tesla also experienced positive growth, with automotive revenue rising by 2% to […]