automotive-industry
Top StoriesCzech Republic Joining Italy to Fight Carmakers’ CO2 Fines
BusinessSt Targets China Growth After Trimming Forecast Again
InvestingStellantis Revenue Slides as Automaker Cuts Bloated Inventories
BusinessNissan May Partner With Renault on New Small Ev for Europe
Exclusive-China Tells Carmakers to Pause Investment in EU Countries Backing Ev Tariffs, Sources Say
Date: October 30, 2024
SHANGHAI (Reuters) – China has told its automakers to halt big investment in European countries that support extra tariffs on Chinese-built electric vehicles, two people briefed about the matter said, a move likely to further divide Europe. The new European Union tariffs of up to 45.3% came into effect on Wednesday after a year-long investigation...
Xiaomi Launches Faster Version of Flagship Ev in Challenge to Tesla
Date: October 30, 2024
BEIJING (Reuters) – Xiaomi unveiled a luxury version of its SU7 electric sports car on Tuesday, saying the $114,000 model would rank as the fastest four-door car in production in a direct challenge to the likes of Tesla and Porsche. Xiaomi, still better known for smartphones and home appliances than cars, entered China’s crowded...
Ford Shares Drop as Supply Snags and Costs Hurt Profit Forecast
Date: October 30, 2024
By Nathan Gomes (Reuters) – Ford Motor shares fell as much as 10.4% on Tuesday after the automaker tempered its full-year profit forecast, blaming supplier disruptions and warranty costs amid a global price war fueled by overcapacity. It expects 2024 adjusted earnings before interest and taxes (EBIT) of about $10 billion, compared with its earlier...
Volkswagen’s Audi in Talks With Potential Investor for Brussels Site
Date: October 29, 2024
BERLIN (Reuters) – Volkswagen’s luxury division Audi is in talks with a potential investor for its struggling Brussels plant, a company spokesperson said on Tuesday. A working group on alternative uses for the plant is also ongoing, said the spokesperson, who added that it has not yet come to a conclusion. According to company sources,...
Xiaomi Launches Faster Version of Flagship Ev in Challenge to Tesla
Date: October 29, 2024
BEIJING (Reuters) – Xiaomi unveiled a luxury version of its SU7 electric sports car on Tuesday, saying the $114,000 model would rank as the fastest four-door car in production in a direct challenge to the likes of Tesla and Porsche. Xiaomi, still better known for smartphones and home appliances than cars, entered China’s crowded EV...
German Car Industry Transformation Could Cost 186,000 Jobs by 2035, Study Finds
Date: October 29, 2024
BERLIN (Reuters) – The transformation of the German car industry could lead to 186,000 jobs losses by 2035, of which roughly a quarter have already occurred, a study commissioned by the VDA auto industry association released on Tuesday showed. The 46,000 jobs already lost between 2019 and 2023 were due mainly to the transition to...