Keywords: Automotive Industry
Tesla strengthened its position in Sweden’s electric vehicle market after registering significant growth in new vehicle registrations during May. The increase highlights the continued expansion of electric mobility in Northern Europe, where consumers and policymakers remain strongly committed to......
Shares of Ferrari dropped sharply after the unveiling of its first fully electric vehicle, the “Luce,” which received a mixed reaction from investors and automotive critics. The launch marks a major turning point for the iconic luxury brand as it enters the fully electric vehicle market.......
Automotive group Stellantis has announced a major investment of more than €1 billion to develop and produce a new generation of electric vehicles at its Mulhouse manufacturing plant in eastern France. The investment, confirmed by French President Emmanuel Macron, is expected to begin supporting......
Japanese automaker Nissan Motor Co. has reportedly abandoned plans to manufacture electric vehicle powertrains in the United Kingdom through its subsidiary JATCO, according to reports published by Japanese media. The project was initially planned for the city of Sunderland, where JATCO intended to establish......
Indian automotive components manufacturer Samvardhana Motherson International Ltd has reported a significant increase in quarterly profit, driven by strong global demand for vehicle parts such as wiring systems and exterior mirrors. For the quarter ending March 31, the company recorded a 42.5% rise......
The Rennes production site of Stellantis in France is expected to manufacture a new electric vehicle developed in partnership with the Chinese automaker Dongfeng Motor Corporation. The announcement was confirmed by representatives of the CFDT labor union, highlighting a new stage in industrial cooperation......
German engineering company Robert Bosch GmbH has secured a major agreement to supply electric motors to luxury car manufacturer Mercedes-Benz Group AG. The contract is part of a long-term collaboration aimed at strengthening the production of next-generation electric vehicles. Under this agreement,......
NamX has reached a major milestone in the development of its hydrogen technology after obtaining a European patent covering its hydrogen capsule system, a move expected to accelerate the industrial phase of the project. The announcement was made by the company’s founder and chief executive officer,......
Tata Motors has warned of near-term cost pressures driven by global economic uncertainty, even as the company reported a sharp increase in quarterly profit supported by strong vehicle demand and improved domestic sales. The Indian automaker posted a nearly 70% rise in profit for the fourth quarter ending......
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