Friday, 25 April 2025

Focus on Automotive

FILE PHOTO: A Toyota 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
AutomotiveBusinessFinanceNewsTransport

Toyota sold $2 billion worth of cross-held listed shares in FY2023/24, filing shows

The scope of Toyota's cross-shareholding is being closely watched by the market.

Models pose next to Chinese automobile manufacturer BYD's BYD SEAL during the Japan Mobility Show 2023 at Tokyo Big Sight in Tokyo, Japan, November 1, 2023. REUTERS/Kim Kyung-Hoon/ File Photo
AutomotiveBusinessElectric Vehicles (EVs)News

China’s BYD launches third EV model in Japan

The sedan will be BYD's most expensive model so far.

Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  REUTERS/Joel Angel Juarez
AutomotiveBusinessElectric Vehicles (EVs)FinanceManufacturingNews

EV maker Rivian simplifies output, cuts costs, aiming for first profit

Rivian has removed over 100 steps from the battery-making process, 52 pieces of equipment from the body shop and over 500 parts from...

FILE PHOTO: Canada's Deputy Prime Minister and Minister of Finance Chrystia Freeland speaks at a press conference about changes to capital gains tax legislation, on Parliament Hill in Ottawa, Ontario, Canada, June 10, 2024.  REUTERS/Patrick Doyle/File Photo
AutomotiveCritical MineralsElectric Vehicles (EVs)NewsPoliticsTrade

Canada, inspired by EU and US, considers imposing import tariffs on Chinese EVs

Canada's government is considering whether to impose tariffs on China-made electric vehicles as it seeks to align itself with allies against what they...

FILE PHOTO: A computer keyboard lit by a displayed cyber code is seen in this illustration picture taken on March 1,  2017. REUTERS/Kacper Pempel/Illustration/File Photo
AutomotiveBusinessNews

CDK hack upends US auto industry, sending dealers back to paper forms

A cyberattack on a system used by 15,000 retail locations is affecting automakers.

The logo of Hyundai Motors is seen at the company's headquarters in Seoul, South Korea, March 22, 2019.     REUTERS/Kim Hong-Ji/ File Photo
AutomotiveBusinessNews

Hyundai Motor’s union in South Korea votes to strike -union official

Almost 90% of members at the union have approved strike action.

Ferrari's new factory will produce the group's legendary combustion engine cars as well as hybrids and the firm's first EV (AFP)
AutomotiveBusinessElectric Vehicles (EVs)ElectricityIndustryManufacturingNewsSolarTransport

Ferrari eyes electric future with solar-powered factory

Italian carmaker Ferrari on Friday inaugurated a new solar-powered factory at the group's historic Maranello site, where its electric car should be produced...

FILE PHOTO: People walk in front of BYD Auto company and Autotorino store in Milan, Italy, March 20, 2024. REUTERS/Claudia Greco/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsPoliticsRegulationsTradeTransport

What happens next in the EU investigation into Chinese EVs?

The European Commission is planning to impose provisional duties on EVs produced in China, what comes next?

Electric cars waiting to be loaded onto a vessel in China to be transported (AFP)
AutomotiveBusinessElectric Vehicles (EVs)NewsPoliticsRegulationsTradeTransport

Top German minister on peace mission amid China EV tariffs row

Germany's Vice Chancellor Robert Habeck will arrive in Beijing on Friday on a last-ditch mission to avoid a damaging trade war with China...

German Vice Chancellor and Economy Minister Robert Habeck speaks to reporters after he visits Panmunjom, the demilitarised zone between South Korea and North Korea, in Paju, South Korea, June 21, 2024. REUTERS/Maria Martinez
AutomotiveBusinessElectric Vehicles (EVs)NewsPoliticsRegulationsTradeTransport

German trade focus could pivot from China to US

Trade experts say economic and political factors all increasingly favour U.S.-German relationship following EU tariffs on Chinese EVs posed export risks

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