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Hyundai projects slower growth in 2024 on weak demand, macro uncertainties

Automotive Industry Automotive News Europe - 2024-01-25

Hyundai predicted slower sales growth this year due to weak demand and economic uncertainties such as interest rates and inflation, signaling further challenges for the auto industry. …

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Norway's traffic regulator says it will not recall Tesla cars

Automotive Industry Automotive News Europe - 2024-01-25

Norway's traffic safety regulator said it had found no basis for ordering a recall of Tesla's S and X Model vehicles following an investigation into a suspension safety issue. …

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Tesla CEO Musk says Chinese EV companies will 'demolish' rivals without trade barriers

Automotive Industry Automotive News Europe - 2024-01-25

Tesla CEO Elon Musk said that Chinese automakers will "demolish" global rivals without trade barriers, underscoring the pressure the US electric vehicle market leader faces from rivals such as BYD, who are racing to expand world …

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Exclusive: Tesla plans to build new electric vehicles in mid-2025

Automotive Industry Reuters - 2024-01-24

Tesla has told suppliers it wants to start production of a new mass market electric vehicle codenamed "Redwood" in mid-2025, according to four people familiar with the matter, with two of them describing the model as a comp …

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Geely, Volvo may need to take Polestar private, Bernstein says

Automotive Industry Automotive News Europe - 2024-01-24

Volvo and its parent Geely may need to take Polestar private, according to Bernstein, which sees shares in the struggling electric-car maker declining further amid intense competition. …

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How the software-defined vehicle will address overcapacity, bolster efficiency

Automotive Industry Automotive News Europe - 2024-01-24

Automakers are already changing their strategic course but still have a lot of ground to gain to complete the transition to software-defined vehicles (SDVs). …

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Riyadh's multi-billion EV dream risks crashing into reality

Automotive Industry Reuters - 2024-01-24

(This Jan. 23 story has been refiled following clarification from a Lucid official and adds the word 'solely' in paragraph 27) …

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Cars are getting too big for British roads, new research shows

Automotive Industry Transport & Environment - 2024-01-23

New research from Transport & Environment (T&E) has found that cars in the UK are getting too big for British roads, exceeding the 180cm minimum for on-street parking. …

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Tavares says Italy's hard line on EV incentives is hurting output

Automotive Industry Automotive News Europe - 2024-01-23

Italy's penny-pinching approach to incentives has meant several months of reduced automotive production, the Stellantis CEO Carlos Tavares said. …

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Avtovaz looks for Ro-Ro capacity to strengthen vehicle export ties

Automotive Industry Automotive Logistics - 2024-01-22

Russian carmaker Avtovaz is looking to boost production through exports abroad in 2024, including target markets in Iran and Egypt, according to the carmaker’s president, Maxim Sokolov. It follows a two-year decline in foreign sales. …

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