Focus on Transport
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.
Toyota, Nissan to expand Japan’s battery production capacity, Nikkei reports
Toyota, Nissan, and others, backed by government support, will boost Japan's storage battery production by 50% with a 1 trillion yen investment.
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
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%.
Tesla shares gain on plans to launch Full Self-Driving in Europe, China
Self-driving plans for Tesla await regulatory approval, but shares are up as Elon Musk sticks with ambition.
BMW plans to bring its first hydrogen car onto the market from 2028
BMW to produce hydrogen fuel car in partnership with Toyota, after experimenting with a 500km range iX5.
China urges US to ‘immediately’ lift all tariffs on Chinese goods
Beijing piles on pressure as US expected to make a final decision on tariffs for Chinese goods, including EVs.
Creditor files for liquidation of Evergrande NEV unit
New bankruptcy proceeding against EV arm could add pressure on the liquidators of the world's most indebted property developer.
China eyes mining and energy with $50bn financing for Africa
Xi Jinping pledges $50bn of financing for Africa as China extends help with infrastructure in resource-rich parts of the continent.
Volvo Cars scales back margin and revenue ambitions
After axing EV target, Volvo Cars lowers revenue and margin aims while pledging one 'technology stack' for all models.
