Focus on Automotive
India’s Mahindra seeks nod for $3 billion Shaanxi JV, sources say
Automaker Mahindra & Mahindra and China's Shaanxi Automobile Group have agreed to set up a $3bn JV to build a car manufacturing plant...
China auto sales fall in July, while exports jump about 20% as automakers expand across the globe
Auto sales in China slipped 5% from a year earlier, although exports jumped 20% as makers of electric vehicles expanded into global markets
Committed to China operations despite challenges: General Motors
GM reaffirms commitment to a profitable China operation amid competition and investor scrutiny, eyeing restructuring efforts.
China auto market hits milestone as EVs, hybrids make up half of July sales
Milestone for the Chinese car market as 50.7% of cars sold were electric or hybrids, although domestic sales have declined overall amid struggling...
Thailand approves incentives for auto parts joint ventures
Board of Investment to grant tax exemptions to Thai joint ventures in the automotive industry as part of government's investment in EVs.
MG Motor to build manufacturing plant, R&D center in Mexico
Chinese-owned car brand MG's Mexico facilities will provide 'market intelligence for Latin America', without mentioning any US plans.
Honda Q1 profit jumps 23%, helped by hybrid vehicle sales
Weak yen and growing hybrid sales in the US see Honda profits grow to $3.3bn in April-June period.
Hyundai to invest $28 million in Thailand for EV assembly, batteries
New Hyundai Thailand factory will assemble EVs and batteries as the South Korean carmaker joins Chinese companies in using country as a base...
Tesla to fix 1.7 million vehicles in China, says market regulator
Remote Tesla recall in China will see nearly 2m vehicles receive software update to fix issue with front trunk lid.
Japan’s Nissan is developing ‘cool paint’ for cars to keep drivers cooler
Cars could be kept cooler and EV battery use reduced with Nissan 'cool paint' technology that better reflects sunlight.
