Automobile
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Toyota Motor expects profit to decline by a fifth in the current financial year
May 11, 2025Toyota Motor expects profit to decline by a fifth in the current financial year, it said on Thursday, as weakness in the U.S. dollar and the impact of President Donald Trump’s tariffs weigh on the world’s... -
Nissan to abandon a plan to build a $1.1 billion factory for electric vehicle batteries on Japan’s Kyushu
May 11, 2025Nissan Motor said on Friday it would abandon a plan to build a $1.1 billion factory for electric vehicle batteries on Japan’s southwestern island of Kyushu, marking the latest change of plans for the troubled automaker.... -
Lamborghini reported a 29.6% jump in revenue to 895.2 million euros
May 7, 2025Italian luxury sports carmaker Lamborghini reported on Tuesday a 29.6% jump in revenue to 895.2 million euros, driven by strong global demand for its new hybrid models, the Revuelto and Urus SE, despite the complex global... -
Ferrari’s first fully electric model to hit the streets in October 2026
May 7, 2025Ferrari first fully electric model will hit the streets in October 2026, its CEO said on Tuesday as the luxury sports car maker posted a 15% rise in first-quarter core earnings and stuck to its broad... -
Tesla launched a cheaper version of its Model Y vehicle in the United States
May 7, 2025Tesla launched a cheaper version of its Model Y vehicle in the United States on Tuesday. The new long range rear-wheel drive version costs about $44,990, before a $7,500 federal tax credit, the electric vehicle makers’... -
Ford reported a 65 percent drop in Q1 profits
May 7, 2025Ford reported a 65 percent drop in first-quarter profits on Monday, citing a near-term drag on auto sales from new vehicle launches, as it withdrew its forecast amid tariff uncertainty. The carmaker estimated a full-year net... -
Sales of Tesla cars in France plunged 59 percent in April
May 2, 2025Sales of Tesla cars in France plunged 59 percent in April, piling on more bad news for the electric vehicle company run by Elon Musk, the billionaire advisor to US President Donald Trump. French car body... -
Major automakers want Congress to bar California’s landmark plan to end the sale of gasoline-only vehicles by 2035
Apr 29, 2025Major automakers want Congress to bar California’s landmark plan to end the sale of gasoline-only vehicles by 2035 that has been adopted by 11 other states, warning the rules could begin impacting vehicle shipments in a... -
The first units of the electric trucks of Tesla to be on the production line by the end of 2025 at Nevada gigafactory campus
Apr 29, 2025Tesla in an update on Semi, said that the first units of the electric trucks will be on the production line by the end of 2025 at its Nevada gigafactory campus. Dan Priestley, who leads the... -
President Donald Trump to reduce the impact of his automotive tariffs
Apr 29, 2025President Donald Trump’s administration will move to reduce the impact of his automotive tariffs on Tuesday by alleviating some duties imposed on foreign parts in domestically manufactured cars and keeping tariffs on cars made abroad from...
