Automotive
Kia has announced plans to manufacture and sell a fully electric vehicle in Mexico, reinforcing the country's growing role as a strategic hub for electric vehicle production in North America. The automaker will invest $649 million in its Mexican operations, according to Hugo Chávez, Kia's......
Ferrari has reportedly achieved its full-year 2026 sales target for the Luce, the company's first fully electric vehicle, only two months after its market debut. According to the Financial Times, demand has been particularly strong in China, enabling Ferrari to reach its planned annual sales volume......
Indian automotive giant Mahindra & Mahindra has announced plans to transfer its truck and bus business to its listed subsidiary SML Mahindra as part of a broader effort to streamline its commercial vehicle operations under a single corporate structure. The transfer, valued at 5.25 billion rupees......
BMW has announced plans to reduce its workforce in Germany by several thousand employees through a voluntary redundancy programme, as the premium automaker intensifies efforts to improve efficiency amid weakening demand in key international markets. The company confirmed on Wednesday that it had reached......
Mercedes-Benz delivered mixed financial results in the second quarter of 2026, with stronger operating profitability offsetting a decline in revenue and weaker global vehicle sales. The German automaker benefited from solid performances in its financial services and commercial vehicle divisions, but......
Mercedes-Benz is preparing to defend its position in the United States as political scrutiny over Chinese-linked investments intensifies, with the company's leadership signaling its readiness to adapt to any new regulatory framework that could affect its operations. Speaking alongside the release......
Chinese electric vehicle manufacturer BYD has made a major move into one of Japan’s most distinctive automotive segments by launching an electric kei car, becoming the first foreign automaker to challenge a market historically dominated by Japanese brands. The announcement marks a strategic expansion......
Italian mobility group Piaggio has announced plans to increase its interim dividend after delivering stronger-than-expected second-quarter results, supported by higher vehicle sales and improved profitability. The company behind the iconic Vespa scooter brand reported a significant rise in operating......
Stellantis is accelerating its strategic refocus on vehicle manufacturing by divesting its Free2move car-sharing business, marking another step in CEO Antonio Filosa's plan to streamline the group's operations and prioritize its core automotive activities. The French-Italian automaker confirmed......
Tesla has secured a legal victory in the United Kingdom that allows the electric vehicle maker to continue its challenge over licensing terms for 5G technology used in connected vehicles. The company won an appeal at the UK Supreme Court, which ruled that patent holders participating in licensing platforms......
The joint battery factory project developed by CATL and Stellantis in northeastern Spain will rely on a significant Chinese workforce during its construction phase, as the partners accelerate efforts to establish a major electric vehicle battery production hub in Europe. The facility, located in the......
Audi is preparing to deepen its collaboration with parent company Volkswagen as the premium carmaker seeks to reposition its business in response to weakening demand in key international markets and growing pressure across the global automotive industry. The strategic direction was outlined by Audi......
Renault is strengthening Morocco's role within its global manufacturing network, increasingly allocating production of new vehicle models to the North African country as the company seeks to improve efficiency, lower costs and accelerate its industrial transformation. The strategic shift reflects......
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