Inside Elon Musk’s risky experiment mixing luxury EVs, presidential politics, and US-China relations with just days until Trump’s inauguration
automotive industry
Latest in automotive industry
automobile business
Honda and Nissan confirm merger to create world’s third-biggest auto company
A holding company will be created and listed on the Tokyo Stock Exchange by August 2026; Mitsubishi will also be part of the merger
automobile business
Honda, Nissan talk possible merger to create world’s third-largest auto company
Companies expected to make an announcement on December 23; The combined valuation will be $54 billion with annual output of 7.4 million units
Automotive
Spaniard José Muñoz to take over as first foreign CEO of Hyundai Motors
The 59-year-old has a PhD in nuclear engineering and over two decades of experience in the automobile industry
automotive industry
Self-driving taxis to hit Riyadh streets by 2027, says CEO of PIF-backed TASARU
The PIF-backed investment vehicle is also eyeing significant investments in the logistics sector by year-end
automobile industry
Chinese auto giant OMODA & JAECOO unveils pet-friendly cars, robot dogs at 2024 Global Summit
OMODA & JAECOO introduced the OMODA C7 and JAECOO J5 models during the five-day event in Wuhu, China
automobile industry
OMODA & JAECOO announces second International User Summit in China
It will be the company’s final headquarters activity for the year before the launch of its Middle Eastern hub in the UAE
Automakers
Tata Group’s multi-billion UK electric car battery plant to be in Bridgwater
The $5 billion plant in the county of Somerset, southwest England, will be Tata’s first so-called gigafactory outside India
automobile industry
China’s auto market sees record sales in 2023; expects further growth in 2024
With surging exports, China became the world’s top auto exporter last year
Automakers
Toyota seeks 21% cut in hybrid car taxes in India
India taxes EVs at just 5%, while the levy on hybrids is as high as 43%, just below the 48% imposed on petrol cars
automobile business
Festive demand pushes car sales in India to historic highs in September
The Indian market saw passenger vehicle sales crossing the three million mark for the first time during the January-September period
Automakers
Tata Group set to choose UK for new EV battery plant: Report
The UK government’s reported plans to provide subsidies worth hundreds of millions of pounds to Tata for the battery plant seems to have clinched the deal for the country
automobile business
The Gulf’s automotive industry: Why is it so strong and where is it heading?
Everything starts with the favourable business environment of the GCC
Automotive
Elite Cars unveils limited edition AED8mn Zenvo hypercar in Dubai
Elite Cars, with over 25 years of experience having exclusive partnerships with global automotive brands
Automakers
Toyota remains No.1 carmaker in world for third straight year
The key issue facing Toyota and other carmakers this year is the spectre of weakening global demand
Automobiles
Tesla fined in South Korea for overstating driving range in advertisements
Antitrust regulator slaps a penalty of $2.2 million after range fell more than 50.5 percent in cold weather
automobile industry
South Korean car maker Hyundai to set up manufacturing facility in Saudi Arabia
The proposed facility using the CKD route will be for production of electric cars and internal combustion engine cars