automotive-industry
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BusinessFactbox-Companies That Might Be Affected by Trump’s Promised Tariffs
Hyundai Recalls Over 145,000 Electrified US Vehicles on Loss of Drive Power
Date: November 22, 2024
(Reuters) – South Korean carmaker Hyundai Motor is recalling about 145,235 electrified vehicles in the United States due to a loss of drive power, the National Highway Traffic Safety Administration said on Friday. The recall includes certain IONIQ 5 and IONIQ 6 EVs along with some luxury Genesis GV60, Genesis GV70 and Genesis G80 electrified...
European Car Sales Flat in October, EVs Gain Ground, Acea Says
Date: November 21, 2024
By Greta Rosen Fondahn and Alessandro Parodi (Reuters) –New car sales in Europe were flat in October, after falling for two consecutive months, industry data showed on Thursday, while the transition to fully electric or hybrid models gained ground in the month. An uptick in total sales in Spain and Germany, of 7.2% and 6%...
European Car Sales Flat in October, EVs Gain Ground, Acea Says
Date: November 21, 2024
By Greta Rosen Fondahn and Alessandro Parodi (Reuters) – New car sales in Europe were flat in October, after falling for two consecutive months, industry data showed on Thursday, while the transition to fully electric or hybrid models gained ground in the month. An uptick in total sales in Spain and Germany, of 7.2% and...
Nissan Motor Urges UK to Ease Ev Targets Amid Weak Demand
Date: November 21, 2024
(Reuters) – Nissan Motor urged the UK government on Wednesday to ease up its electric vehicle mandate, which encourages manufacturers to move from petrol and diesel vehicles to EVs. Britain’s Zero Emissions Vehicle (ZEV) Mandate, introduced by the former Conservative government, requires at least 22% of an automaker’s new car sales in 2024 to be...
STMicro Partners With Hua Hong as Chipmakers Need China, Says CEO
Date: November 20, 2024
By Toby Sterling and Nathan Vifflin AMSTERDAM (Reuters) – The chief executive of European computer chipmaker STMicroelectronics on Wednesday announced new plans to partner with Chinese foundry Hua Hong, arguing that having local manufacturing in China is vital to its competitive position. The remarks by CEO Jean-Marc Chery come amid demands by the European, U.S....
Ford to Cut 14% of European Jobs, Blaming Ev Shift Challenge, Chinese Rivals
Date: November 20, 2024
LONDON (Reuters) – Ford said on Wednesday it would cut around 14% of its European workforce, blaming losses in recent years amid weak demand for electric vehicles, poor government support for the shift to EVs, and competition from subsidized Chinese rivals. The U.S. automaker is the latest – after Nissan, Stellantis and GM – to...