Keywords: Automotive Industry


German automotive supplier opens 28 million euro plant at Tanger Med, creating 900 jobs

Germany-based automotive supplier SFC Automotive Solutions has inaugurated a new industrial facility within the Tanger Med industrial zone, adding a significant investment to Morocco's rapidly expanding automotive sector. The ceremony brought together Morocco's Minister Delegate in charge of......

China’s CATL expands global EV strategy with first overseas chassis project in Turkey

Chinese battery giant CATL has announced a new partnership with Turkish electric vehicle manufacturer Togg to co-develop cars based on its Panshi EV chassis, marking the company’s first overseas deployment of its EV platform. According to a company statement, the collaboration will focus on the......

Tesla’s China-made EV sales rise 36% year-on-year in April

Tesla recorded a significant increase in sales of its China-produced electric vehicles in April, with year-on-year growth of 36%, according to data from the China Passenger Car Association. The U.S. electric vehicle manufacturer continues to expand its presence in one of the world’s most competitive......

Stellantis opens circular economy dismantling center in Casablanca, a global third site

Stellantis has inaugurated a new automotive dismantling facility in the Aïn Sebaâ district of Casablanca, making Morocco the first country in the Africa and Middle East region to host such an installation for the group. The site operates under Sustainera, the Stellantis entity dedicated to......

Volvo cars reports decline in sales despite growth in electric vehicle segment

Swedish automaker Volvo Cars has reported a decline in global sales for the period between February and April, reflecting ongoing challenges in the automotive industry. The company sold over 160,000 vehicles during the three-month period, marking a drop compared to the same timeframe last year. Regional......

Audi moves forward with US launch of flagship suv despite tariff uncertainty

German automaker Audi is moving forward with plans to launch its flagship SUV, the Q9, in the United States market this summer. The decision comes despite uncertainty surrounding potential increases in tariffs on European automotive imports. Tariff concerns Loom The possible rise in tariffs—reportedly......

German carmakers hit by new US tariff increase

Shares of major German car manufacturers dropped following the announcement by Donald Trump of a new increase in import tariffs on foreign vehicles. The measure raises duties from 15% to 25%, putting renewed pressure on an already fragile sector. Companies such as Dr. Ing. h.c. F. Porsche AG, Bayerische......

Trump Auto tariff hike could cost Germany nearly $18 billion in output, institute says

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 expects limited benefit from possible U.S. tariff refunds, CFO says

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......