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Keywords: Automotive
Mercedes-Benz has finalized an agreement to sell its leasing subsidiary Athlon to French banking group BNP Paribas, marking a strategic move to streamline its financial operations and strengthen liquidity. The German automotive manufacturer confirmed that the transaction was signed in April and is expected......
General Motors reported a strong increase in its first-quarter performance, with core profit rising by 22% year-on-year, supported by solid demand in the US truck market and improved profit margins in North America. The Detroit-based automaker posted earnings before interest and taxes of $4.3 billion,......
Ford has announced a new performance milestone with its Ford Mustang GTD Competition, which recorded a lap time of 6 minutes 40.835 seconds on the Nürburgring Nordschleife. The result improves on the previous benchmark set by the Mustang GTD and reinforces the brand’s position among top-performing......
French automotive supplier Forvia announced on Monday that it has agreed to sell its car interiors division to funds managed by Apollo Global Management for approximately 1.82 billion euros (around $2.1 billion). The transaction is part of Forvia’s broader strategy to streamline its operations......
An American content creator is drawing international attention to China’s rapidly evolving automotive sector by offering guided tours of vehicles rarely accessible to U.S. consumers. At the Beijing International Automotive Exhibition, YouTuber Ethan Robertson has been leading groups of foreign......
China’s SAIC Motor is reportedly planning to establish a new electric vehicle (EV) manufacturing plant in Spain through its MG brand, according to industry sources cited by Bloomberg News. The project reflects the company’s strategy to expand its presence in the European automotive market,......
Japanese automaker Mitsubishi Motors has announced the recall of more than 108,000 vehicles in the United States due to a potential safety issue involving the rear liftgate mechanism. According to the National Highway Traffic Safety Administration (NHTSA), the defect relates to the gas spring components......
Changan Automobile has announced plans to become one of the world’s top 10 automakers by 2030, highlighting the growing ambitions of Chinese manufacturers in the global automotive market. The company aims to significantly increase its international presence, targeting global sales of up to 5 million......
Tesla Inc. is expected to rely increasingly on its energy storage business to support overall performance as its core automotive division faces pressure from shrinking profit margins and declining regulatory credits. The company’s energy segment, which includes large-scale battery systems and......