News

The UK government’s Department for Business and Trade has launched a Critical Imports and Supply Chains Strategy to safeguard the supply of goods including minerals and semiconductors, seen as essential for the future of the co …

Foreign carmakers that have been losing market share to local rivals in China have boosted exports from the world's largest auto market, accounting for more than a fifth of the country's total vehicle exports last year, industry data sho …

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. …

More than half of automotive suppliers are below the threshold of 5% profitability needed for a sustainable business, the industry’s European trade group said. …

According to statistics from the European Automobile Manufacturers’ Association (ACEA), a total of 1,538,621 battery electric cars were registered in the EU last year. …

Stellantis will avoid being caught in a price war which would destroy its profitability, CEO Carlos Tavares said. …

GM was “the big winner of 2023”, according to Charlie Chesbrough, senior economist, Cox Automotive. He said that Asian brands like Honda, Nissan and Mazda also ranked among the top-selling OEMs. …

Volvo remains confident of "tremendous growth" in the electric-vehicle market, CEO Jim Rowan told the Reuters Global Markets Forum in Davos on Wednesday 17 January, countering gloomier projections from rivals. …

SAIC Motor Corp,plans to add 14 vehicle vessels in the next three years to its fleet of carriers as the state-owned Chinese automaker aims to boost sales in overseas markets, it said on Wednesday 17 January. …

BYD, the world’s largest maker of electric vehicles, will invest 100 bn yuan ($14 billion) to develop smart-car features, its founder and CEO, Wang Chuanfu, said. …