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In a statement, Stellantis said its third quarter consolidated vehicle shipments are expected to fall by 20 percent, owing to continuing challenges in business performance and the need to manage excess inventories.

Stellantis anticipates 20% drop in Q3 shipments to reduce inventories

German remote-driving startup Vay has announced securing EUR 34 million (USD 37 million) in funding from the European Investment Bank (EIB). This financial boost is earmarked for the expansion of Vay's innovative remote-driven vehicle technology across Europe and the growth of its development team.

German remote-driving startup Vay secures EUR 34 million in EIB funding

Stellantis, the multinational automaking corporation, has announced plans to temporarily suspend operations at several of its Italian production facilities. The decision, revealed on Wednesday, comes as a response to what the company describes as "tough market conditions" and will impact multiple assembly and engine plants across the country.

Stellantis announces further production cuts in Italian plants

Zeekr, a premium brand under the Geely umbrella, has officially launched its first model in the Australian market. This entry marks the beginning of the company's ambitious plans for the Oceania region, with New Zealand next in line for market expansion later this year.

Chinese EV manufacturer Zeekr enters Australian market

Stellantis, the multinational automaking corporation formed by the merger of Fiat Chrysler Automobiles and the French PSA Group, is reportedly expanding its manufacturing capabilities in northern Mexico.

Stellantis expands Mexican factory complex for potential Ram 1500 production

Tesla has received approval from German authorities to proceed with the initial stage of its planned expansion at its facility near Berlin. The decision, announced on Tuesday by the local environment ministry, marks a crucial step forward in Tesla's ambitious goal to double the plant's production capacity.

Tesla secures initial approval for Berlin plant expansion

The Australian market has become a favourable hunting ground for Chinese EV makers such as Zeekr after trade barriers have intensified in other markets. Chinese electric vehicle (EV) maker Zeekr has made its first entry into the Oceania market, with the launch of its first model in Australia.

China's Zeekr launches EV in Australia, plans expansion to New Zealand

The US Commerce Department has announced that it was allocating USD 750 million in government grants to a leading manufacturer of silicon carbide chips — Wolfspeed — to aid in its new wafer manufacturing facility in North Carolina.

Wolfspeed to receive USD 750 million US chips grant for North Carolina plant

Global sales of electric vehicles (EVs) – encompassing both fully electric and plug-in hybrid models – experienced a robust 30.5% year-on-year increase in September, according to the latest data from market research firm Rho Motion.

Global EV sales surge 30.5% in September

Skoda Auto India has revealed some details about its upcoming Kylaq compact SUV that will make its global debut on November 6. Kylaq will be the first SUV from Skoda India in the fast-growing sub-4 meter segment, which commands almost 30% of the total Indian car market share.

Skoda Kylaq SUV to make global debut on November 6. Here's what we know so far

BMW CEO Oliver Zipse urged European regulators on Tuesday to rethink their plan to ban new fossil fuel powered vehicles starting in 2035, warning that doing so could worsen Europe's overreliance on China's battery supply chain and undercut the region's technological strengths.

BMW CEO calls for reconsideration of Europe's petrol engine ban

Electric vehicle (EV) charging network ChargeZone has launched its Battery Passport System, a digital record that tracks a battery’s life cycle from battery manufacturing to end of life.

ChargeZone launches Battery Passport System for commercial EV batteries

Stellantis CEO Carlos Tavares has issued a stark warning about potential unintended consequences. Speaking at the Paris Car Show on Monday, Tavares suggested that these protective measures could paradoxically accelerate plant closures across Europe, exacerbating the region's existing overcapacity issues in the automotive sector.

Stellantis CEO warns EU tariffs on Chinese EVs could backfire

Stellantis CEO Carlos Tavares sought to defend the group’s turnaround strategies on Monday, the day after informing investors that it has missed its target and rattled markets.

Stellantis CEO Carlos Tavares faces pressure at Paris Auto Show amid US crisis

Hyundai Motor India has launched a monumental USD 3.3 billion Initial Public Offering (IPO), setting a new record for the country's largest share offering to date.

Global investors flock to Hyundai Motor India's USD 3.3 billion IPO

Chinese and European automakers showcased their rivalry at the Paris Motor Show on Monday as the European Union prepares to impose significant tariffs on Chinese made electric vehicles (EVs).

Rising tensions at Paris Auto Show amid looming EV tariffs

During the ongoing trade negotiations between the European Union and China, European Commission President Ursula von der Leyen has emphasised the EU's commitment to achieving a "level playing field" in the automotive sector.

EU seeks 'level playing field' in car tariff negotiations with China

John Elkann, Chairman of Stellantis, has firmly declared that the French-Italian automotive giant is not pursuing mergers with or acquisitions of competitors. This announcement, made during an interview with Agence France-Presse (AFP) at the Paris Car Show, comes amidst swirling rumours of a potential tie-up between Stellantis and French automaker Renault.

Stellantis Chairman John Elkann dismisses merger rumours

Chennai-based EV startup Raptee.HV has launched a high voltage electric motorcycle, T30, which competes with traditional 250-300 cc internal combustion engine (ICE) motorcycles.

Raptee.HV launches T30 high-voltage electric motorcycle at INR 2.39 lakh

The 2023 Paris Motor Show has become a focal point for escalating tensions between European and Chinese automakers, as the electric vehicle (EV) industry grapples with proposed EU tariffs, market challenges, and shifting regulatory landscapes.

EU-China EV tensions escalate as Paris Motor Show spotlights industry challenges

Investors and analysts are left flummoxed after Tesla unveiled a sporty, two-seater robotaxi called the Cybercab. At a highly anticipated event near Los Angeles on Thursday, CEO Elon Musk unveiled plans to begin producing the vehicle by 2026 at a target price of under USD 30,000.

Tesla's two-seater Robotaxi design sparks confusion among experts

Chinese state-owned automotive manufacturer GAC is actively exploring options to produce electric vehicles (EVs) in Europe, according to Wei Heigang, the general manager of GAC's international business.

Chinese auto giant GAC explores European EV production to sidestep looming EU tariffs

Hyundai Motor India Ltd, the Indian subsidiary of South Korean automotive giant Hyundai Motor Company, is set to make history as it launches its initial public offering (IPO) in Mumbai on Monday.

Hyundai India launches USD 3.3 billion IPO

Chinese electric vehicle manufacturer BYD (Build Your Dreams) is poised for a rapid expansion into the German automotive market, according to executive vice president Stella Li.

BYD sets sights on swift German market penetration

Tesla's highly anticipated robotaxi unveiling event, held Thursday night on the Warner Bros. movie studio lot in Hollywood, left many investors and industry experts yearning for more concrete details amidst CEO Elon Musk's characteristically grand promises.

Musk's grand robotaxi vision leaves investors craving concrete plans

French carmaker Renault is finding unexpected success with its hybrid vehicle lineup, thanks to an innovative and cost-effective gearbox technology. This strategy is providing the company with a competitive edge as the industry grapples with the transition to electric vehicles (EVs) and stringent emissions regulations.

Renault's low-cost hybrid technology provides edge in shifting auto landscape

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