According to Reuters, on October 2, the Italian Automobile Industry Federation (FIM-CISL) said that due to continued weak market demand, especially for electric vehicles, automaker Stellantis’s car production in Italy this year will fall below 500,000 from 751,000 in 2023. Ferdinando Uliano, head of FIM-CISL, said that “if the trend in the third quarter […]
In August 2024, Chinese electric vehicle sales in the European market fell by 48% year-on-year, a phenomenon that has garnered widespread attention within the industry. The decline in sales is primarily attributed to intensified market competition, heightened consumer demands for product performance and pricing, as well as supply chain challenges faced by some brands. Amidst […]
To boost sales, Ford Motor Company has announced that it will provide free home chargers to electric vehicle consumers in the United States by the end of 2024. This new initiative aims to reduce the cost of ownership for consumers and enhance the appeal of electric vehicles, particularly in the context of increasing market competition. […]
On September 30, 2024, British luxury car manufacturer Aston Martin issued a warning that, due to disruptions in the automotive parts supply chain and a sluggish Chinese market, the company expects its core profits for the year to decline. Additionally, Aston Martin has lowered its full-year production forecasts. This news triggered significant market attention, causing […]
According to foreign media reports, the U.S. National Highway Traffic Safety Administration (NHTSA) said on September 27 that Toyota Motor Corp. will recall more than 42,000 vehicles in the U.S. due to the malfunctioning of the Power Brake Assist system in these vehicles, which may lead to longer braking distances. […]
Earlier on October 1, local time, tens of thousands of workers at more than 30 terminals on the U.S. East Coast and Gulf Coast went on strike. According to Automotive News, the strike could have a significant impact on the automotive supply chain. In the 12 months […]