BYD leads Chinese automaker sell-off on weakening sales
The sell-off highlights rising investor concern that China’s carmakers face a prolonged slowdown Shares of BYD sank to their lowest level in at least a year on Monday (Feb 2),…
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Grab, Chinese automaker GAC to deploy 20,000 EVs across South-east Asia
It will involve the introduction of three of the Chinese player’s models – Aion Y, Aion ES, and Aion V – across the region Ride-hailing giant Grab and Chinese automaker GAC inked a…
EU to yield on combustion engines ban after automaker pressure
It will be the union’s most significant climb-down from its green policies of the past five years [STRASBOURG, France] The European Commission is set to backtrack on the European Union’s…
GM layoffs: EV market downturn hits automaker to the tune of 1,750 job cuts
And the layoffs keep coming. General Motors joins Amazon and Paramount this week, announcing on Wednesday it will be laying off 1,750 workers in Michigan and Ohio, in response to the…
Hybrid-focused Japanese automaker Suzuki “not too worried” about EV-first China brands like BYD
China electric vehicle (EV) brands are making fast and furious sales in the Asia-Pacific, but Japanese carmaker Suzuki is not going head-to-head with them. Recognising that the EV wave is…
Osamu Suzuki, who led Japanese automaker into India, dies at 94
Osamu Suzuki, an ingenious penny pincher who led Japan’s Suzuki Motor for more than four decades and played a key role in turning India into a flourishing auto market, has died aged 94. He…
Chinese automaker BYD slams reports of poor conditions at a factory site in Brazil
BANGKOK (AP) — A spokesperson for Chinese automaker BYD has objected to reports about poor conditions at a construction site in Brazil where it is building a factory, saying the…
Audi Reveals Sister Brand AUDI
Audi unveils electric E concept representing the new AUDI brand, to be launched along with partner SAIC starting in 2025, previewing a new design and technology direction for the Chinese…
Historic moment for Volkswagen: Automaker plans to close ‘at least’ 3 German plants and cut thousands of jobs
Volkswagen plans to close “at least” three factories in Germany, lay off tens of thousands of staff and downsize remaining plants in the country, the company’s employee group said Monday.…