News

Chinese automakers have been hit by increased EU tariffs and changes in EV subsidies. …

New-car registrations rose just 0.4% to 1.03 m. Europe car sales were roughly flat in July 2024 as demand for electric vehicles weakened further in Germany, the region’s biggest car market. …

UK car production declines -14.4% in July as model changeovers and temporary supply chain constraints restrict output. Export volumes down -16.3% but domestic demand holds up, declining by just 672 units. Pr …

Polestar remains confident of a stronger second half to the year (2024). Polestar posted another heavy quarterly loss as the electric-vehicle maker struggles with intensifying competition, high costs and a demand slowdown. …

Hyundai will expand its hybrid lineup to 14 models from seven. …

Lotus Tech said its net loss widened to $202 m in the April-June 2024 period from $193 m a year earlier. …

VW brand aims to lift its return on sales to 6.5% from 2.3%. …

Xpeng says it will build cars in EU area with "relatively low labor risks." …

The tariffs bring Canada in line with the US and the European Union. …

The fire was reported in the parking lot on the north side of the factory and the assembly plant was unaffected. …