Monday, 24 February 2025

Focus on Automotive

A general view of the renovated Panasonic Energy factory in the city of Kinokawa, Wakayama prefecture, Japan, September 9, 2024. REUTERS/ Daniel Leussink
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Tesla-supplier Panasonic Energy prepares for high-capacity EV battery production

Renovated Japanese factory will produce Panasonic 4680 cells, with five times the capacity of previous batteries to boost EV range.

Volkswagen Chief Executive Officer Oliver Blume speaks at a Volkswagen media event in Beijing, China April 24, 2024. REUTERS/Josh Arslan/File Photo
AutomotiveBusinessElectric Vehicles (EVs)News

Volkswagen’s CEO says European market shrinking amid tougher competition

Volkswagen's CEO says change is needed because the European market is shrinking while competition is increasing.

A Renault logo is pictured in Brussels, Belgium March 4, 2024. REUTERS/Yves Herman/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

Renault CEO says sector could face billions in fines as EV sales slow

Europe's auto industry could face fines of 15bn euros for carbon emission due to slowing demand for EVs, Renault CEO Luca de Meo...

FILE PHOTO: A customer leaves the AutoZone store in Broomfield, Colorado March 3, 2015. REUTERS/Rick Wilking/File Photo
AutomotiveBusinessNewsPoliticsRegulationsTrade

Lawmakers probe if US retailers bought Chinese auto parts that evaded tariffs

Lawmakers question U.S. auto parts retailers on sourcing from a Chinese firm accused of evading tariffs via Thailand.

FILE PHOTO: A vehicle drives near the Baunatal Volkswagen site, the day when Volkswagen's works council holds a regular meeting with workers in Germany to discuss matters including progress on its cost-cutting drive, in Baunatal, Germany, September 4, 2024. REUTERS/Timm Reichert/File Photo
AnalysisAutomotiveBusinessElectric Vehicles (EVs)ManufacturingNewsTrade

China, price cuts and costs: The fuel driving Volkswagen’s crisis

Volkswagen warns of accelerating competition from China, cutting its cost-cutting timeline and considering plant closures.

An attendee takes photos of the Chinese electric vehicle BYD models on display, during an event to announce the plans to open a car production plant in Pakistan, in Lahore, Pakistan August 17, 2024. REUTERS/Stringer/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

EVs will account for up to half of auto sales by 2030, BYD Pakistan says

China's BYD hopes that Pakistan EV sales will shoot up as it enters a market dominated by Japanese brands.

FILE PHOTO: Volkswagen employees stand next to Volkswagen electric cars during a ceremony at German carmaker Volkswagen's first battery cell production plant 'SalzGiga' in Salzgitter, Germany, July 7, 2022. REUTERS/Fabrizio Bensch/File Photo
AutomotiveBusinessElectric Vehicles (EVs)LabourNewsTransport

Volkswagen’s German battery plant to stay at half capacity

Workers fear PowerCo cutting back on production lines as parent company Volkswagen embarks on wider strategic review.

Toyota Motor Corporation's cars are seen at a briefing on the company's strategies on battery EVs in Tokyo, Japan December 14, 2021. REUTERS/Kim Kyung-Hoon/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Toyota cuts 2026 global EV output plans by a third, Nikkei reports

The world's biggest automaker now plans to build 1 million EVs in 2026, compared with the earlier announced sales target of 1.5 million.

FILE PHOTO: The logo of Stellantis is seen on the company's building in Poissy, near Paris, France, September 4, 2024. REUTERS/Sarah Meyssonnier/File Photo
AutomotiveBusinessElectric Vehicles (EVs)ManufacturingNews

Stellantis to invest $385 million in Argentine plant

Automaker Stellantis will invest $385 million in its plant in the province of Cordoba, Argentina, between 2025 and 2030

FILE PHOTO: A Ford logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/David Dee Delgado/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Ford sales rise 13.4% in August on SUV, with EVs and hybrids up

Sales of Ford's electric vehicles rose 28.9% in the US last month, while hybrid vehicle sales jumped nearly 50%.

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