Focus on Automotive
Stellantis to halt production in Turin in December due to weak demand for Fiat 500 EV
Stellantis to halt Mirafiori plant in Turin from Dec. 2-Jan. 5 due to weak sales of EVs, including Fiat 500e.
UK minister warns of ‘challenges’ for car makers on top of Luton plant closure
The minister said carmakers face global challenges transitioning to EVs, as UK's ZEV mandates and plant closures intensify.
Business Secretary to face MPs amid concerns over electric vehicle mandate
The Business Secretary told carmakers he was “profoundly concerned” about policies phasing out petrol and diesel cars by 2030.
Norway’s Hydro to phase out green hydrogen, battery businesses
Norsk Hydro is no longer investing in its battery and green hydrogen businesses and will phase out these operations in the coming years.
Analysis: GM and other US automakers would take big hit from Trump tariffs
Trump's proposed 25 per cent import tax on Mexico and Canada could hurt U.S. automakers, raise vehicle prices, and harm consumers.
Vauxhall owner to shut Luton factory amid ‘stringent’ zero-emission targets
About 1,120 full-time employees work at the Luton factory, which currently makes light commercial vehicles.
Analysis: How Trump’s Mexico tariffs could hurt Europe’s auto industry
Trump's proposed tariffs on Mexico could harm European carmakers like Volkswagen and Stellantis more than EU-specific tariffs.
Biden administration will loan $6.6 billion to Rivian to build Georgia factory that automaker paused
The Biden administration announced a $6.6B loan to Rivian to build its fuel-efficient vehicles and work toward profitability.
EV maker VinFast narrows Q3 losses, beats revenue estimates on strong demand
VinFast reported a $550M Q3 net loss, smaller than last year, aided by higher demand.
Trump’s tariff pledges rattle US, European auto shares
European automakers' shares fell as Trump pledged tariffs on Canada, Mexico, and China.
