Browsing: automotive industry

Europe’s auto market recorded its first growth of the year in April, driven by a surge in electric vehicle sales. New vehicle registrations in the EU rose by 1.3% compared to the same period last year.

Swedish car manufacturer Volvo Cars plans to eliminate 3,000 jobs globally as part of cost-cutting measures, affecting around 15% of its office-based workforce.

The Healey administration announces it will not enforce minimum electric vehicle sales requirements for model years 2026 and 2027, citing manufacturing and supply chain challenges.

The Healey administration has decided not to enforce minimum electric vehicle sales requirements for model years 2026 and 2027, citing the need to give carmakers more time to invest in manufacturing and supply chains.

Tesla’s latest announcement about the Model 4 has sent shockwaves through the automotive industry. With its game-changing price point, high-performance technology, and sustainable design, the Model 4 is poised to make electric vehicles more accessible than ever before.

Several car manufacturers have issued recalls affecting thousands of vehicles in Canada due to various safety issues.

Seres Group Co., once known for affordable minivans, has rapidly become China’s leading luxury car seller by partnering with Huawei to launch premium electric and hybrid SUVs

The manual gearbox, a staple in petrol and diesel cars for decades, is facing potential extinction due to the rising popularity of electric and automatic vehicles.

Chinese electric vehicle manufacturer BYD has reduced the price of its cheapest car, the Seagull hatchback, to £5,712, making it significantly cheaper than Tesla’s Model 3

Shares of Chinese electric vehicle manufacturers tumbled as BYD’s recent price adjustments sparked concerns of a potential ‘rat race’ price war in the industry.