Photo: Logan K. Carter Three words: Made in America. We Americans carry quite a bit of national pride when it comes to our homegrown car manufacturers, be they Fords, Chevys, or Mopar. On this, the fourth day of the month of July, we celebrate American independence. Given the current political climate, however, I know why […]
On the precipice of an all-out trade war with the European Union, China is panicking and dangling perks for German carmakers to try to bring things back from the brink. The world’s second-biggest economy proposed lowering its existing 15% tariff on imported large engine vehicles from EU countries in an effort to convince Germany to […]
(Bloomberg) — Beijing has suggested Germany’s luxury car manufacturers could benefit if Berlin convinces the European Union to drop tariffs on Chinese electric-vehicle exports. Most Read from Bloomberg China floated lowering its existing tariffs on large-engine cars in return for scrapping planned EV levies on imports from the Asian nation, according to people familiar with […]
After overtaking their U.S. competitors in sales for the first time, Chinese carmakers are one step closer to fulfilling Tesla CEO Elon Musk’s prophecy that one day they would “demolish” most other car companies. Chinese carmakers sold 13.43 million cars last year, outpacing the 11.93 million cars sold by American companies, according to a report […]
A new joint venture between seven of the biggest global automakers — BMW, General Motors, Honda, Hyundai, Mercedes-Benz, Kia and Stellantis — has picked Durham County for a $10 million corporate center that promises to hire 203 positions by the end of the decade. Launched in July, the California-based company Ionna aims to set up […]
Although the end of the internal combustion engine seems to be sealed for many manufacturers, it appears that new petrol and diesel engines are still in the pipeline. News of the ICE’s demise has apparently been premature, for as the car industry heads towards the electric era, a new combustion engine alliance is being formed […]
Several Japanese car manufacturers, including Toyota and Suzuki, are under fire for allegedly failing to carry out proper safety tests before some vehicle models were certified. Similar cases were also found at Honda, Mazda and Yamaha, the Japanese Transport Minstry said on Monday. Sales of three models produced in Japan will be stopped for the […]
A price war among Chinese electric vehicle (EV) assemblers is spreading to overseas markets as more than a dozen players look abroad to bolster sales and chase higher profits to offset losses at home. In Southeast Asia, where battery-powered cars are becoming more and more popular, Chinese EV builders from established giants like BYD and […]
After almost three years of work by the Environmental Protection Agency, the Biden administration has announced new regulations that will require automakers to focus on electric and hybrid vehicles by 2032, the New York Times reports. On March 20, President Biden issued a statement about the change. “Three years ago, I set an ambitious target: […]
Italy will closely study any investments by Chinese carmakers, a minister said Thursday, after another minister said Wednesday the country was in talks with three Chinese manufacturers. “These collaborations must be attentively evaluated and we must pay attention to unfair competition,” Vice-Premier Antonio Tajani said on the margins of a conference in Rome. “We must […]
China might have problems with its economy, but as an exporter of affordable electric vehicles, it’s on a tear. Now, investigators from the European Commission will visit Chinese EV makers as part of a probe into whether they have an unfair advantage thanks to government subsidies. In the coming weeks, the EU investigators will visit […]
When China’s BYD recently overtook Elon Musk’s Tesla as the global leader in sales of electric vehicles, casual observers of the auto industry might have been surprised. But what’s caught other carmakers around the world off-guard is something else about BYD, which is backed by Warren Buffett’s Berkshire Hathaway: its low prices. “No one can […]