automotive-industry
BusinessUaw to Hold Strike Votes at Stellantis Local Chapters, Union President Says
BusinessAnalysis-China, Price Cuts and Costs: The Fuel Driving Volkswagen’s Crisis
Research ReportsScandium Alloys Market Set for Strong Growth From 2024 to 2031, Driven by Aerospace, Automotive, and Energy Sectors
BusinessEU New Car Sales Flat in July as Battery-Electric Slumps, Industry Body Acea Says
Hyundai Motor Targets 30% Rise in Sales by 2030 as It Doubles Hybrid Lineup
Date: August 28, 2024
By Heekyong Yang and Joyce Lee SEOUL (Reuters) -Hyundai Motor said on Wednesday it was targeting annual global sales of 5.55 million vehicles by 2030, up 30% from 2023, as it plans to double its hybrid lineup to counter a slowdown in global electric vehicle demand. Hyundai, the world’s No. 3 automaker by sales...
Ev Startup Rivian’s Production Chief Joins Stellantis
Date: August 21, 2024
By Abhirup Roy SAN FRANCISCO (Reuters) – Rivian’s head of manufacturing is leaving the electric vehicle startup to join Stellantis at a time when the maker of Jeep SUVs and Ram pickups is preparing to launch a number of battery powered cars. Tim Fallon will join Stellantis as its head of manufacturing in North...
China-Based Ev Makers Hit With European Union Tariffs
Date: August 20, 2024
LONDON (Reuters) -The European Commission confirmed on Tuesday it would apply additional duties of up to 36.3% on imported electric vehicles made in China as it issued draft definitive findings of its anti-subsidy investigation. Here is a breakdown of the provisional tariffs by company: BYD: 17% Includes: BYD Auto Co Ltd BYD Auto Industry...
Automotive Plastics Market Surges to Usd 36.61 Billion by 2031, Propelled by 7.02% Cagr – Verified Market Research®
Date: August 12, 2024
The Global Automotive Plastics Market Size is projected to grow at a CAGR of 7.02% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 21.27 Billion in 2024 and is expected to reach USD 36.61 Billion by the end of the forecast period. The growth of the Automotive Plastics...
Volvo Cars’ July Sales Rise 6% Driven by European EVs
Date: August 2, 2024
COPENHAGEN (Reuters) -Volvo Cars’ sales rose 6% year-on-year in July to 57,447 cars, driven by an increase in fully electric vehicles in Europe, the Sweden-based automaker said on Friday. Volvo Cars, which is majority-owned by China’s Geely Holding, said in a statement that total sales in Europe, the biggest market for Volvo Cars, were up...
Exclusive-Audi’s New China Ev Series Won’t Have Signature Four-Ring Logo, Sources Say
Date: August 2, 2024
SHANGHAI (Reuters) – Audi’s new electric cars series developed in China for the Chinese market will not sport its four-ring logo, two people with direct knowledge of the plans said. The decision by the premium marque owned by Germany’s Volkswagen is due to “brand image consideration,” one of the people said. It also reflects the...