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German Auto Industry Calls for End to Tariffs on Chinese Electric Vehicles

Key Takeaways: The VDA believes that tariffs on Chinese electric vehicles are not the solution to address unfair subsidies. China’s subsidies for its electric vehicle industry...

Volvo Car Sales Up Over 6% in July

Stockholm, August 2 (FFN) - Swedish automaker Volvo Cars reported a sales increase of more than 6% last month, driven by demand for its...

Toyota’s Global Production Plummets for Fifth Straight Month

Tokyo (FFN Business) – Toyota, the world's largest automaker, reported another decline in global production in June, marking the fifth consecutive month of decreases....

Mitsubishi Joins Forces with Honda and Nissan in Mega Alliance

Tokyo, July 28 (TASR) – The Japanese automotive industry is undergoing a seismic shift. Mitsubishi Motors, renowned for its rugged SUVs, is set to...

Hyundai Motor Group EV Sales Surge in US

Seoul, July 22 – Hyundai Motor Group, including Kia, saw a 60.8% increase in electric vehicle (EV) sales in the United States during...

Volvo Cars reports record Q2 operating profit but lowers full-year sales outlook

Stockholm, July 18, 2024 (Reuters) - Swedish automaker Volvo Cars reported a record operating profit in the second quarter, beating analyst expectations. However, the...

EU Car Sales Rise in June 2024

Brussels, July 18, 2024 (TASR) - After a dip in May, car sales in the European Union (EU) rebounded in June. The number of...

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