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News
German state politician calls for EU tariffs on Chinese hybrid cars, letter shows
4+ hour, 6+ min ago (162+ words) BERLIN, Aug 21 (Reuters) – Sebastian Lechner, the CDU state chairman of Lower Saxony, is calling for the European Union to quickly impose import tariffs on Chinese hybrid cars, a letter seen by Reuters on Friday showed. • “It is precisely these hybrids…...
Global EV sales rise in July as Europe offsets weakness in China and North America
1+ week, 1+ day ago (210+ words) Aug 13 (Reuters) – Global demand for electric vehicles rose for a fifth consecutive month in July, driven by robust growth in Europe while sales weakened in China and North America, data from consultancy Benchmark Mineral Intelligence showed on Thursday. Sales of…...
Kia to invest $649 million to bring electric car production to Mexico
3+ week, 2+ day ago (129+ words) MEXICO CITY, July 29 (Reuters) – South Korea’s Kia will produce and sell fully electric vehicles in Mexico, managing director for the company Horacio Chavez said on Wednesday. The car manufacturer will invest $649 million in Mexico, he added during President Claudia Sheinbaum’s…...
German automakers hit by sharp China sales drop in second quarter
1+ mon, 1+ week ago (374+ words) BERLIN, July 10 (Reuters) – German carmakers’ sales collapsed further in China during the second quarter, as a protracted slowdown in the world’s biggest auto market cranked up the pressure on legacy brands in a bruising battle with local competitors. Volkswagen, Mercedes-Benz…...
Volkswagen cuts are ‘wake-up call’ for European industry, BYD advisor says
1+ mon, 2+ week ago (254+ words) By Christoph Steitz and Rachel More FRANKFURT, July 1 (Reuters) – Volkswagen’s plans to drastically ramp up cost cuts are a “wake-up call” for the European automotive industry as Chinese carmakers target a higher market share, BYD’s special advisor for the region…...
Vespa riders take to roads in Rome to mark 80th birthday
1+ mon, 3+ week ago (227+ words) ROME, June 27 (Reuters) – The Vespa, the wasp-waisted scooter that put postwar Italians on wheels and went on to carry Gregory Peck and Audrey Hepburn through the streets of Rome, is returning to the capital this week to celebrate its 80th birthday....
Brazil unveils subsidized motorcycle credit program for app-based delivery drivers
2+ mon, 1+ week ago (492+ words) BRASILIA, June 12 (Reuters) – Brazil’s government on Friday launched a subsidized credit program for app-based delivery drivers to purchase motorcycles, in a fresh move to boost demand and support a part of the workforce that has expanded rapidly in recent years....
Daimler Truck hit by US tariffs and weak North American demand
3+ mon, 2+ week ago (237+ words) May 6 (Reuters) – Daimler Truck’s first-quarter operating profit more than halved, hit by historically weak demand and import tariffs in its North American market, the German company said on Wednesday. The performance reflected a sharp slowdown in North America, where sales…...
Lucid misses first-quarter vehicle delivery estimates on supplier disruptions
4+ mon, 2+ week ago (288+ words) April 3 (Reuters) – Lucid Group missed expectations for first-quarter vehicle deliveries on Friday, hurt by a temporary sales halt and recall tied to an unauthorized supplier change. Deliveries of its electric luxury SUV Lucid Gravity were disrupted for 29 days during the…...
Automakers plan billions in US investments but seek clear trade rules
4+ mon, 2+ week ago (479+ words) By Kalea Hall and David Shepardson NEW YORK, April 1 (Reuters) – Global automakers plan billions of dollars in new U.S. investments to boost production and avoid President Donald Trump’s tariffs, but they are awaiting clarity on the status of a North…...