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Keywords: Automotive
A proposed increase in U.S. tariffs on imported European vehicles could significantly impact Germany’s economy, according to recent estimates by a leading economic institute. The measure, which targets cars and trucks from the European Union, is expected to weigh heavily on Europe’s largest......
Volkswagen AG is expected to see only limited financial relief even if it succeeds in securing refunds on U.S. import tariffs, according to the company’s chief financial officer. Speaking on Thursday, CFO Arno Antlitz said that any potential reimbursement linked to tariffs imposed by the United......
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......