Rivals Honda and Nissan also saw gains as investors anticipate that their strong hybrid lineups will benefit from the shifting dynamics in the automotive market.

The ministry’s guidelines urge NEV manufacturers to actively address foreign trade restrictions by enhancing collaboration with overseas firms.

The move comes as the company faces intense scrutiny over its handling of the incident.

This unique of open-top Volkswagen Virtus project was undertaken by a team of 30 engineers over a brief period of six weeks.

Some 300-350 people are expected to be on furloughs every week out of a total of around 1,250 workers making the electric Fiat 500.

A viral video shows a Tesla driver wearing a VR headset while engaging the vehicle’s Autopilot system.

Seon Pyung Kim, who previously served as the Managing Director of Hyundai Motorsport in Alzenau, has been appointed as Vice President of HMETC.

Toyota raised its profit forecast for the current year to 4.9 trillion yen (USD 33 billion) from 4.5 trillion expected previously.

The Spanish government plans to initiate a bidding process where companies will vie for grants and loans earmarked for specific projects, including Stellantis’ battery factory …

The affected vehicles, produced between March and December last year, are subject to the recall due to a discovered flaw in the combination switch.