GM results top expectations on strong auto pricing
General Motors raised some of its full-year profit projections Tuesday following solid earnings as strong vehicle pricing compensated for lower auto sales.
Automobile
Hyundai Motor India shares fall on debut after record IPO
Hyundai Motor had a lacklustre Indian market debut on Tuesday after raising $3.3 billion in the country’s biggest-ever initial public offering, with shares closing 7.1 per cent down from their issue price.
US regulator probes Tesla’s self-driving mode after crashes
The US auto safety regulator said Friday that it has opened an investigation into Tesla’s Full Self-Driving (FSD) software after receiving four reports of crashes, one of which...
ARBA Automobiles Ltd, Rangpur Metal Industries Ltd sign memo
ARBA Automobiles Ltd and Rangpur Metal Industries Ltd have signed an agreement for the supply of electric vehicle three-wheeler tyres, says a press release.
UK automakers urge new govt to support EV market
Britain’s automobile trade body Friday asked the country’s new government for greater support to boost sales of electric vehicles, saying manufacturers’ collective discounts...
EU states greenlight extra tariffs on EVs from China
EU countries gave a definitive green light on Friday to hefty additional tariffs on electric cars made in China, despite German warnings that it will spark a trade war with Beijing.
VW must solve most of its problems alone: German minister
Germany wants to support Volkswagen and help it avoid factory closures but the ailing car giant will have to fix most of its problems itself, Economy Minister Robert Habeck said Friday.
Mercedes stock falls after new profit warning
German auto manufacturer Mercedes-Benz fell sharply on the Frankfurt Stock Exchange on Friday after the group lowered its outlook on the back of weak sales in its key Chinese market.
BMW recalls 1.5m cars over bad brake, cuts outlook
BMW said Tuesday it was recalling about 1.5 million vehicles due to problems with their brakes and cut its outlook for the year, sending the German luxury carmaker’s shares tumbling.
BMW to recall 1.4m cars in China over airbags: regulator
Carmaker BMW will recall 1.4 million vehicles in China due to faulty airbags, the country’s market regulator announced on Friday.
China’s growing robotaxi fleet sparks concern, wonder on streets
Turning heads as they cruise past office buildings and malls, driverless taxis are slowly spreading through Chinese cities, prompting both wariness and wonder.
BMW profits slip on weaker China sales
German luxury carmaker BMW posted a drop in net profit for the second quarter on Thursday, dragged down by higher manufacturing costs and weakening demand...
Electric car woes force German supplier ZF to axe jobs
German car parts manufacturer ZF said Friday it would cut a fifth to a quarter of jobs in Germany as it struggled with the switch to electric vehicles and...
Mercedes profit falls on weaker sales
German luxury carmaker Mercedes-Benz on Friday reported a sharp drop in second-quarter net profit on weaker sales of electric vehicles and cooling demand in...
China’s BYD opens EV plant in Thailand despite slowdown, tariff row
China’s electric vehicle giant BYD opened a factory in Thailand on Thursday, continuing its international expansion despite a market slowdown and hours before the European Union was due to impose swingeing tariffs on Chinese EV firms....
