News

China's exports likely grew at the slowest pace in four months in August 2024, as cooling global demand and mounting trade barriers threaten to dim a bright spot in the world's second-largest economy. …

Italian officials said the plan needs changing to reflect different market realities amid the European auto industry's slowdown. …

Low EV penetration puts automakers at risk for up to €15 bn in EU penalties, Renault Group CEO Luca de Meo said. …

Automakers including VW and Volvo are scaling back plans to challenge Tesla. …

The IG Metall union says more than 500,000 workers could take industrial action if VW does not engage in constructive talks. …

BYD is rolling out electric-vehicle charging stations and ramping up marketing and customer incentives in Japan, aiming to boost sales in a market that has become a stumbling block in the Chinese automaker's global expansion. …

Stellantis to invest $385 m in Argentine plant. …

The two automakers will develop a hydrogen powertrain for passenger and commercial vehicles, and expand hydrogen infrastructure, which has been a limiting factor. …

Demand for electric cars is cooling in Europe after countries including Germany and Sweden ceased or reduced subsidies. …

Demand in Europe has not recovered since the pandemic, with industrywide auto deliveries in the region around 2 m short of its peak, Chief Financial Officer Arno Antlitz said. …