Automobile
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Chinese automaker GAC announced its product launch in Brazil
May 24, 2025Chinese automaker GAC announced on Friday its product launch in Brazil, saying it expects its line of hybrid and electric cars to garner market acceptance that would allow it to start building a factory in the... -
Volkswagen considers plan to divest from its design and engineering unit Italdesign
May 20, 2025Volkswagen is considering a plan to divest from its design and engineering unit Italdesign, union representatives told Reuters on Monday, as part of the German automaker’s efforts to overhaul its European operations. The group is assessing... -
General Motors to stop shipping vehicles to China from the United States
May 20, 2025General Motors informed employees and dealers for its China export business on Thursday in China that it would stop shipping vehicles to China from the United States, the company said. The move comes as the United... -
Honda forecast a 70 percent drop in net profit for the 2025-26 financial year
May 14, 2025Japan’s Honda Motor on Tuesday forecast a 70 percent drop in net profit for the 2025-26 financial year as US trade tariffs weigh on the global auto industry. The announcement comes after rival Toyota, the world’s... -
Nissan posted a huge annual net loss of $4.5 billion on Tuesday
May 14, 2025Japan’s Nissan posted a huge annual net loss of $4.5 billion on Tuesday while confirming reports that it plans to cut 15 percent of its global workforce and warning about the possible impact of US tariffs.... -
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’...