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Nov 03, 2024BorgWarner's Q3 Net Sales Drop By 5%, Full-Year Forecast Revised DownAccording to Reuters, on October 31, auto parts supplier BorgWarner revised down its full-year 2024 sales forecast, citing a decrease in automotive production due to weakened co... -
Nov 02, 2024Siemens Agrees To Acquire Automotive Software Supplier Altair For $10 BillionAccording to media reports on October 30, German engineering giant Siemens AG has agreed to acquire Troy, Michigan-based automotive software supplier Altair Engineering Inc. for... -
Nov 02, 2024Suzuki To Supply Toyota With India-Made Electric VehiclesAccording to a report from Reuters on October 30, Japan's Suzuki Motor and Toyota Motor announced in a joint statement that Suzuki's Indian subsidiary will supply Toyota... -
Nov 01, 2024Japanese Automakers' Global Production Declines For First Time in Four YearsAccording to media reports, the global production of Japanese automakers saw its first decline in four years for the six months ending in September. This drop has been attribute... -
Nov 01, 2024German Automotive Industry Criticizes EU Tariffs On Chinese EVsAccording to a report by Nikkei, Germany's automotive industry has voiced strong criticism against the European Union's new tariffs on electric vehicles (EVs) from China... -
Oct 29, 2024Ford Reports Q3 Revenue Of 328.2 Billion Yuan, Hybrid Vehicle Sales Up By 30%Recently, Ford released its third-quarter financial report, showing revenue of $46 billion (approximately 328.2 billion yuan), with an adjusted earnings before interest and tax ... -
Oct 29, 2024New Hybrid Safety Technology Patent Filed By Geely To Effectively Prevent Hig...On October 12, it was reported through the National Intellectual Property Administration that Zhejiang Geely Holding Group Co., Ltd. has filed a new hybrid safety technology pat... -
Oct 28, 2024Waymo Raises $5.6 Billion To Expand Autonomous Taxi ServicesAccording to Reuters, Alphabet's autonomous driving subsidiary, Waymo, has announced the completion of a $5.6 billion funding round led by Alphabet, aimed at expanding its a... -
Oct 28, 2024Volkswagen Plans To Cut Costs By €4 Billion With Wage Cuts, Plant Closures, A...According to a report in Germany's Handelsblatt on October 27, which cites internal sources within Volkswagen Group, the company is exploring a series of cost-cutting measures f... -
Oct 27, 2024China And EU Agree To Further Talks On Electric Vehicle TariffsAccording to Bloomberg, EU Commission Trade and Agriculture spokesperson Olof Gill stated that EU Trade Chief Valdis Dombrovskis and China's Minister of Commerce Wang Wentao hel... -
Oct 27, 2024Mazda Lowers 2025 North American Sales Forecast To 450,000 UnitsAccording to media reports, Tom Donnelly, CEO of Mazda's North American operations, stated that while Mazda is on track for record sales in the U.S. this year, growth in 2025 is... -
Oct 26, 2024Porsche Expands R&D Team in China, Adds Intelligent Driving And Cockpit Depar...According to sources at Porsche China, "The R&D team is one of Porsche China's strategic priorities, and this team will be responsible for the adaptation and development...
