Renault sets €10 billion-plus France EV investment plan
– Renault Group will invest more than €10 billion in France over the next five years, Chief Executive François Provost said on October 3. The...
Tag : electric vehicles
South Korea auto exports reach $6.24 billion in July
South Korea’s automobile exports rose 7.0% year on year to US$6.24 billion in July 2026. The total marked the highest export value ever recorded for...
Porsche to cut 5000 more jobs under restructuring plan
German luxury sports car manufacturer Porsche announced an agreement with labor representatives on Monday to reduce its workforce by an additional 5,000 positions by 2035...
Mercedes-Benz unveils electric C-Class in Seoul
SEOUL: Mercedes-Benz on Monday unveiled the all-new electric C-Class at a world premiere in Seoul, introducing the first battery-electric version of one of its best-known sedan nameplates...
China auto output and sales jump in March
BEIJING: China’s automobile industry posted a sharp rebound in March, with production rising to 2.917 million units and sales reaching 2.899 million units, according to data released...
China auto output and sales jump in March
BEIJING: China’s automobile industry posted a sharp rebound in March, with production rising to 2.917 million units and sales reaching 2.899 million units, according to data released...
Tesla global deliveries decline as EV demand slows
MENA Newswire, AUSTIN, Texas: Tesla Inc. reported 418,227 vehicle deliveries for the fourth quarter of 2025, marking a 16 percent decline from the 495,570 units delivered in the same...
EU softens 2035 ban on combustion engine vehicles
BRUSSELS, December 17, 2025: The European Union is set to ease its planned 2035 ban on the sale of new combustion engine vehicles after sustained pressure from automakers...
Nissan shuts seven plants as sales and profits plunge
Japanese automaker Nissan has announced a sweeping global restructuring plan that includes cutting an additional 11,000 jobs and shutting down seven manufacturing plants. The decision...
Europe EV market shifts as Tesla loses ground to rivals
Tesla experienced a sharp decline in sales across major European markets in April 2025, as new vehicle registrations in Germany and the United Kingdom fell...