The escalating tensions come as Europe’s automotive sector faces mounting challenges, including weakening demand, high labor costs, and slower-than-expected adoption of electric vehicles.
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INDUSTRY NEWSLatest News
US proposes USD 7.54 billion loan for Stellantis-Samsung SDI battery venture
Stellantis confirmed that the first plant is slated to open in early 2025, with the second facility following in 2027.
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The license also represents Baidu’s first known permission to test autonomous vehicles outside mainland China.
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The strikes escalate tensions between Volkswagen and its workforce as the company faces criticism over proposed layoffs, pay reductions, and potential plant closures.
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INDUSTRY NEWSLatest News
Hyundai recalls over 226,000 vehicles in US due to rear view camera malfunction
by Diksha Bislaby Diksha BislaHyundai Motor has announced a substantial recall of 226,118 vehicles in the United States, responding to critical safety concerns regarding the potential failure of rear …
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Stellantis has announced a comprehensive production halt at its iconic Mirafiori plant in Turin, Italy, reflecting the ongoing challenges facing the electric vehicle (EV) market …
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Nissan argued that its braking systems varied across models and that software upgrades resolved the issue for some vehicles, further complicating any claims of a …
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INDUSTRY NEWSLatest News
US utility executives lobby to preserve clean energy tax credits amid Trump transition
In a critical moment for clean energy policy, top utility executives are mounting a robust defence of the Inflation Reduction Act’s (IRA) tax credits, urging …
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Millions of British households are bracing for increased energy expenses in January, following Ofgem’s announcement of a 1.2% rise in the domestic energy price cap, …
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INDUSTRY NEWSLatest News
Oil prices surge amid escalating Ukraine conflict and geopolitical tensions
Oil prices are poised for a significant weekly gain of 5%, the strongest uptick since late September, as geopolitical tensions and strategic market shifts drive …