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Toyota halts shipment of some vehicles over certification issues

Automotive Industry Reuters - 2024-01-29

Toyota Motor, said it would suspend shipments of some models including the Hilux truck and Land Cruiser 300 SUV after finding irregularities in certification tests for diesel engines developed by affiliate Toyota Industries. …

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Polestar to cut around 450 jobs globally

Automotive Industry Automotive News Europe - 2024-01-26

Polestar said it plans to cut around 450 jobs globally, about 15% of its total workforce amid "challenging market conditions." …

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Hyundai finalizes Russia exit as local company buys its two car plants

Automotive Industry Automotive News Europe - 2024-01-26

Hyundai has signed a deal to sell its two Russian plants, making the South Korean company the latest global automaker to exit Russia since the Ukraine conflict began. …

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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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Italy's Prime Minister Meloni picks fight with Stellantis on car production

Automotive Industry Automotive News Europe - 2024-01-25

Italian Prime Minister Giorgia Meloni blasted Stellantis for its efforts to move car production to lower-cost countries at a time when the auto industry is struggling to shift to electrification. …

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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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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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