automotive-industry
BusinessUK New Car Sales Dip About 2% in November, Preliminary Data Shows
BusinessVolvo Cars Reports 5% Rise in November Sales
BusinessAnalysis-Why Gm Could Suffer Under Trump Policies to ‘save’ Detroit Automakers
BusinessHow India Says Volkswagen Evaded $1.4 Billion in Import Taxes
Factbox-How India Says Volkswagen Evaded $1.4 Billion in Import Taxes
Date: December 2, 2024
NEW DELHI (Reuters) – India has alleged Volkswagen evaded $1.4 billion in taxes by “wilfully” paying lesser import duty on component imports, in one of the biggest cases of its kind in the country that adds to mounting difficulties the German automaker faces. Here is how India taxes automakers on imports and what Volkswagen allegedly...
Stellantis Drops After CEO Tavares Resigns
Date: December 2, 2024
(Reuters) -Shares in Stellantis slumped as much as 8.9% on Monday, hitting their lowest in more than two years, after CEO Carlos Tavares resigned abruptly on Sunday, deepening investors’ worries about the turnaround of the world’s No. 4 carmaker. His exit leaves a void at the top of the company at a time of tumult...
Nissan October Production Down Globally Except in Mexico, but Trump Tariff Threat Looms
Date: November 28, 2024
TOKYO (Reuters) – Nissan Motor said on Thursday its global production fell for a fifth straight month in October, led by downshifts at most of its manufacturing hubs except for Mexico. While global sales also dropped for a seventh month, sales in Nissan’s core market, the United States, grew for the first time in three...
UK Car Output Drops for Eighth Straight Month in October, Data Shows
Date: November 28, 2024
(Reuters) – British car production experienced its eighth consecutive month of decline in October, as factories continued efforts to retool for making the next generation of zero-emission vehicles, according to industry data released on Thursday. A total of 77,484 new cars rolled off production lines, down 15.3% from last year, the Society of Motor Manufacturers...
Stellantis to Shut Vauxhall Van Plant in Britain
Date: November 27, 2024
LONDON (Reuters) – Stellantis plans to shut its Vauxhall van factory in southern England, putting more than 1,000 jobs at risk as it joins rival automakers in scaling back operations in a difficult trading environment. The company, which also owns the Peugeot, Citroën, Chrysler and Fiat brands, said on Tuesday it would consolidate its British...
Analysis-How Trump’s Mexico Tariffs Could Hurt Europe’s Auto Industry
Date: November 27, 2024
By Nick Carey LONDON (Reuters) – Donald Trump’s pledge to slap tariffs on imports to the U.S. from Mexico could be more damaging for European car makers like Volkswagen and Stellantis and their suppliers than any direct tariffs on EU goods, according to data, analysts and experts. U.S. president-elect Trump said he would impose a...