Tesla Inc. stock jumped more than 10% on Friday following the US Transportation Department's announcement to relax certain regulations, enabling American car manufacturers to accelerate their autonomous vehicle deployment. The revised regulations permit exceptions from specific federal...
United States President Donald Trump is considering exempting car parts from some of his tariffs, amid lobbying from the American carmakers, the Financial Times reported on Wednesday, citing two people familiar with the matter.According to the report, the US president's exemption would...
Tech giant Xiaomi from China intends to establish a research and development facility in Munich, Germany, dedicated to electric vehicle development, Nikkei Asia reported on Wednesday.When contacted by the outlet, a Xiaomi representative confirmed ongoing facility plans but withheld specific...
Fitch Ratings revised its 2025 global automotive sector outlook to "deteriorating" from "neutral" on Wednesday, citing US tariffs on imported vehicles imposed on March 26. The agency warns that these tariffs are likely to trigger "production cuts and increased costs, potentially driving issuers'...
The Volkswagen Group CEO said on Wednesday in Shanghai that the German carmaker will have to adjust production size in China as a "highly competitive market" intensifies."We have enormous capacity in China from the past. It will be a similar process to what we went through in Germany,"...
Tesla Inc. has had a difficult first quarter. Vehicle deliveries slumped, tariffs imposed by the Trump administration threatened to increase the price of imported car parts, and the company's shares are down 40% this year. While those issues would be enough on their own, the automaker has also had...
Chinese electric carmaker BYD is planning to develop an electric minicar exclusively for the Japanese market, Nikkei reported on Monday.According to the report, the company has already completed the design for the vehicle, which is expected to roll out in the second half of 2026.The minicar is...
South Korean companies Hyundai Motor Group and POSCO Group announced on Monday that they signed a memorandum of understanding (MOU) on cooperation in the fields of steel and battery materials.Under the agreement, Posco will make a equity investment in Hyundai's recently announced...
Ford Motor Company recalled 123,611 automobiles after discovering that brake fluid leakage could reduce braking performance and increase stopping distances, potentially elevating crash risks, according to a document published Thursday by the United States Department of Transportation's National...
Nissan Motor intends to "max out" production at its largest US plant in Smyrna, Tennessee, after President Donald Trump imposed 25% tariffs on all cars produced outside the US, Nissan Americas Chairman Christian Meunier told CNBC on Wednesday. "We have big facilities, big capacities and today we...
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