The Canadian Department of Finance announced that Canadian companies can request temporary exemptions from tariffs imposed on imports of electric vehicles, steel, and aluminum products from China. In a statement, the department indicated that tariff exemptions will be granted in specific and exceptional circumstances, aimed at assisting local businesses in adjusting their supply chains in […]
Swedish truck manufacturer Volvo Group reported on October 18 that its adjusted profit for the last quarter declined more than market expectations. This result was primarily driven by a decrease in freight and construction activities, which limited vehicle sales. The earnings report indicated that, while the company maintains a certain market share in some areas, […]
In early October, representatives of EU member states voted to pass the draft ruling of the EU electric vehicle anti -subsidy case, and planned to levy the final anti -subsidy tax on electric vehicles native to China. Based on this, the European Union passed this resolution, and it […]
According to Bloomberg, in the first nine months of this year, Stellandis’s passenger car output in Italy fell sharply, a decrease of 41%, which exacerbated employees’ concerns about potential unemployment issues. Some employees of Stellandis are planning to participate in demonstrations in the Italian capital Rome […]
According to reports and selling news reports, Toyota, Honda and Nissan have reached an agreement, and will strengthen cooperation in automotive software development. The three companies plan to unify the standards of vehicle control systems, such as the opening and closing methods of doors and windows, and […]
The Russian Automobile Manufacturers Association (AEB), headquartered in Moscow, said that the Russian automotive market is growing this year. AEB said that in the first nine months of this year, Russian car sales increased by 57.6%year -on -year to more than 1200,000 units; of which in September this […]