Focus on Automotive
Electric car woes force German supplier ZF to axe jobs
Competition, cost pressures and weak demand for EVs add up to ZF job losses, as German parts manufacturer loses out in transition to...
Thailand to offer investment incentives for makers of hybrid vehicles
Thailand will introduce investment incentives for manufacturers of hybrid vehicles, its Board of Investment (BOI) said on Friday
Chinese firms seek to cut stakes in new Indonesian nickel smelters
Chinese firms in talks to reduce stakes in Indonesian nickel smelters amid efforts to make their products eligible for US EV tax credits
Toyota to build EV battery plant for Lexus cars, Nikkei reports
Japan's Toyota Motor plans to build a battery plant for EVs in the southwestern prefecture of Fukuoka, the Nikkei business daily reported
GM’s Cruise looks to start charging for robotaxi rides next year: report
Cruise plans to resume fully autonomous rides by late 2024 and charge fares by 2025, despite regulatory scrutiny after a 2023 accident.
Musk to discuss $5 billion xAI investment with Tesla board
For the head of Tesla, xAI investment could help development of self-driving and robotaxi projects – after putting the issue to a social...
GM co-leads $39 million funding for EV battery materials startup Addionics
Innovative electrodes could provide faster charging and financial savings for carmakers, as GM funds Addionics through venture capital arm.
Stellantis ready to axe brands and fix US problems, CEO says
'Operational issues' in North American markets see operating income fall for world's fourth-largest carmarker as it posts first half results.
Nissan shares plunge after profit warning
Japanese car giant's struggles in Chinese EV market see Nissan profits fall with shares following suit.
Honda to cut ICE car production capacity in China, Nikkei reports
Honda will close three of its seven production lines in China, reducing its annual ICE vehicle capacity to 1 million from 1.49 million.
