Tag: Automotive

German car-parts supplier Schaeffler warned that its profitability fell short of its guidance and consensus expectations last year, the latest sign of challenges facing the European auto market.

U.S. President Donald Trump’s tariff plans would mean higher car prices for U.S. consumers and hit global automakers, Germany’s powerful car industry warned on Tuesday, as auto stocks fell on the prospect of higher U.S. import duties.

The U.S. National Highway Traffic Safety Administration said on Monday it is expanding and upgrading a probe into about 295,125 American Honda vehicles over reports of crashes and injuries due to their automatic emergency braking systems.

The U.S. National Highway Traffic Safety Administration said on Monday it is upgrading a probe into 129,222 Ford Motor vehicles over reports of collisions involving the company’s hands-free driving technology, BlueCruise.

Toyota Motor unit Hino Motors has agreed to a $1.6 billion settlement with US agencies and will plead guilty over excess diesel engine emissions in more than 105,000 US vehicles, the company and US government said on Wednesday.

The U.S. National Highway Traffic Safety Administration said on Friday it was opening a preliminary probe into 877,710 vehicles manufactured by General Motors  after receiving reports alleging engine failure.

Polestar’s CEO said on Thursday it would take longer for the Swedish EV maker to be profitable after the company reported it sold fewer cars in 2024 than it had projected, sending the company’s U.S.-listed shares down about 9% in premarket trading.

Σταδιακή είσοδο σε μια νέα υποκατηγορία του κλάδου οχημάτων επιχειρεί η Μοτοδυναμική, καθώς μετά το Rent A Car (Sixt), τις μηχανές της Yamaha και τα αυτοκίνητα της Porsche, η εισηγμένη εταιρεία ανακοίνωσε ότι εισέρχεται σε διαπραγματεύσεις με την Toyota Hellas, με αντικείμενο τη συνεργασία για τη διανομή των προϊόντων Toyota.

BMW group sales fell slightly in 2024 as the German automaker was hit by technical issues and subdued demand in China.

Porsche has revealed a drop of more than a quarter in its deliveries to Chinese customers, as a “challenging economic situation” in the country continues to bite.

Mercedes-Benz car sales fell 3% to 1.98 million vehicles in 2024 amid a challenging global market, with top-end vehicle sales weighed by market conditions in China, model changes and weak electric-vehicle demand.

Scout Motors has received more than 50,000 refundable reservation deposits for its first electric pickups and SUVs, according to Volkswagen CEO Oliver Blume.

The Volkswagen brand’s global deliveries fell 1.4% to 4.8 million vehicles in 2024, with battery-electric sales down around 2.5%, Europe’s top carmaker said on Thursday.

Honda Motor on Tuesday at the CES tech conference revealed the company’s newest electric vehicles that are set to be produced at a multibillion-dollar manufacturing complex in central Ohio.

China’s Xpeng Motors and Volkswagen have agreed to expand their partnership to cooperate on ultra-fast electric vehicle charging networks in China, the automakers said on Monday.

Vehicle production by car maker Stellantis in Italy fell by 37% last year, hit in particular by a steep plunge in car manufacturing, union figures showed on Friday.

China’s best-selling car manufacturer BYD sold a record number of electric vehicles and hybrids globally last year, even as fierce competition took hold in its home market.

Tesla fell for a fourth consecutive day on Tuesday, taking some of the shine off a tremendous late-year rally.

Tesla will fix software in 77,650 China-made Model 3 and Model Y cars over safety hazards, China’s market regulator said on Tuesday.

Shares of Japanese automaker Honda were on track for their best day in 16 years after it announced to buy back up to 1.1 trillion yen ($7 billion) of its shares on Monday amid merger talks with Nissan