Keywords: Auto Industry
Stellantis revealed Thursday it will record about €22.2 billion in charges as part of a sweeping business reorganization, admitting the automaker vastly overestimated electric vehicle adoption rates and alienated customers in the process. This massive write-down ranks among the largest one-time......
CEOs of Europe's two largest carmakers are urging the European Union to shield the domestic auto industry from intensifying competition by Chinese manufacturers across the continent. Volkswagen CEO Oliver Blume and Stellantis CEO Antonio Filosa published a joint op-ed Wednesday evening in three......
U.S. President Donald Trump announced on Tuesday the conclusion of a “historic” trade agreement with Japan that significantly reduces tariffs on Japanese vehicles and opens the door for increased agricultural imports, especially rice, from the United States. “We’ve just finalized......
U.S. President Donald Trump has introduced a 25% tariff on imported cars and automotive parts, marking a significant escalation in the ongoing trade war. During his announcement at the White House, Trump framed the tariffs as a necessary action to reclaim economic losses from foreign nations that have......
At the opening of China's largest auto show, all eyes were on the latest electric vehicle models, signaling the rapid adoption of this technology in the world's biggest automotive market. The event, held in Beijing and running until early next month, showcases the electric future that the Chinese......
Despite confronting economic challenges in 2023, Morocco's auto industry demonstrated remarkable resilience by maintaining sales figures comparable to the previous year, as disclosed in data unveiled on Monday by the Association of Vehicle Importers (AIVAM). AIVAM President, Adil Bennani, revealed......
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