News

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. …

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. …

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. …

Volkswagen Group is avoiding production woes faced by Tesla and Volvo by redirecting ships quickly after the Red Sea crisis erupted last month, ensuring a steady supply of parts despite the escalating hostilities. …

Japan's Toyota Motor, opens new tab plans to announce in about a month steps to overhaul its small-car specialist Daihatsu Motor after an investigation into misconduct at its unit related to rigged collision-safety tests found issue …

BYD's first vehicle vessel has set sail from China's southern city of Shenzhen carrying electric vehicles bound for Europe. …

Volkswagen, whose drive to develop a solid-state electric car battery with the US startup QuantumScape has been dogged by delays, is holding talks with France's Blue Solutions on the technology, a source with direct knowledge of the …

Similarly to the rest of the globe, hydrogen cars are currently anything but successful in Japan. Sales of hydrogen cars in the island nation have fallen by 83% in the past two years – to just 422 units in 2023. …

Owners of BMW’s automaking partner in China are considering options to raise funds, including selling the company’s stake in its joint venture with the automaker, according to people familiar with the matter. …