This setback comes amidst the automaker’s discussions with the Italian government to revitalise production in the country and achieve ambitious growth targets.
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INDUSTRY NEWSLatest News
Chinese EV surge drives Brazilian car imports in Q1 2024
by Biplab Dasby Biplab DasThis surge comes ahead of rising import tariffs aimed at safeguarding local production and promoting domestic industry growth.
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INDUSTRY NEWSLatest News
Ford adjusts EV launch plans amid global slowdown
by Biplab Dasby Biplab DasThis decision comes as the global slowdown in EV demand prompts automakers to reassess their production strategies.
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BMW India has started accepting bookings for the i5 M60 xDrive ahead of its launch. The new i5 will go on sale soon along with …
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Skoda India has relaunched the Superb sedan in the Indian market at INR 54 lakh, which is quite absurd. Thankfully, there are only 100 units …
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INDUSTRY NEWSLatest News
Chery ventures into Vietnamese EV market with USD 800 mn plant
by Biplab Dasby Biplab DasThis development marks Chery as the first Chinese electric vehicle (EV) manufacturer to venture into Vietnam’s automotive industry.
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Mercedes-AMG has announced an exclusive CLA 45 S Edition 1 for US buyers limited to just 25 units. The limited edition model will soon hit …
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INDUSTRY NEWSLatest News
Stellantis CEO urges 50 per cent reduction in EV battery weight for environmental impact
by Biplab Dasby Biplab DasTavares made these remarks during the Stellantis Freedom of Mobility Forum, shedding light on the challenges and opportunities in the pursuit of sustainable mobility.
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Workers at the Mercedes-Benz plant in Alabama are reportedly gearing up to file for a union vote in the coming days.
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INDUSTRY NEWSLatest News
IKEA Foundation boosts Global Drive Electric Campaign
by Biplab Dasby Biplab DasThis funding injection targets on the push of EVs adoption in developing countries so that EVs can bypass the gasoline-driven vehicles.