This restructuring comes at a time when ongoing autoworkers’ strikes continue, causing uncertainty in the automotive industry.
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INDUSTRY NEWSLatest News
Suzuki Plans to Produce Electric Vehicles in India for Global Export
by Biplab Dasby Biplab DasSuzuki aims to expand its EV production capabilities in India by setting up a new production line.
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Nissan has taken the wraps off of its new Hyper Tourer Concept, which will be showcased at the Japan Mobility Show on October 25, 2023. …
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It is also touted as the world’s first combined AC and DC charging connector standard for light electric vehicles.
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INDUSTRY NEWSLatest News
UK Business Secretary Optimistic on Tariff Solution for EV Trade with EU
by Biplab Dasby Biplab DasThe Society of Motor Manufacturers and Traders (SMMT), representing the British auto industry, has requested an extension of the waiver on these rules for another …
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INDUSTRY NEWSLatest News
Nio Explores European Dealer Network Expansion amid Tariff Risks
by Biplab Dasby Biplab DasWhile Nio initially offered direct sales and leasing options to European customers, the company is now evaluating the addition of dealers in key European markets.
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INDUSTRY NEWSLatest News
Australia’s High Court Strikes Down Electric Vehicle Levy in Victoria
by Biplab Dasby Biplab DasThe court’s decision upheld that only the federal government can impose excise duties, effectively quashing the levy in Victoria.
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INDUSTRY NEWSLatest News
Amazon’s fleet of Rivian-made electric delivery vans reaches 10,000
by Biplab Dasby Biplab DasBack in July, Amazon had reported that it had more than 5,000 Rivian electric delivery vehicles in operation.
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INDUSTRY NEWSLatest News
European Campaign Group Urges Leasing Firms to Ditch Fossil Fuels by 2028
by Biplab Dasby Biplab DasT&E pointed out that the top rental firms, collectively owning 9.3 million vehicles, were trailing in the transition to electric cars.
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A recent S&P Global Mobility study shows that alongside increasing EV adoption, manufacturers also need to work on increasing EV loyalty among owners.