The Chinese Ministry of Commerce has recently issued a series of cautionary advisories to the country's automotive manufacturers regarding their overseas investment strategies.

China cautions automakers: major risk in manufacturing plants abroad

Rivian, the electric vehicle manufacturer, reaffirmed its production forecast on Tuesday, indicating that output levels would remain steady this year. The company also announced that deliveries in the third quarter are expected to see a slight decrease.

Rivian adheres to base production outlook for 2024, expects lesser deliveries in Q3

Nitin Gadkari, India's Union Minister of Road Transport and Highways, made a significant announcement on Monday regarding the automotive industry's shift towards ethanol-powered vehicles.

Indian auto companies to make ethanol-run vehicles: Nitin Gadkari

The highly competitive U.S. automotive market is experiencing significant challenges, including weak pricing, excessive inventory levels, and logistical difficulties.

US market proves a headache for global carmakers

China Ocean Shipping Company (COSCO), a state-owned Multinational conglomerate located in Shanghai has launched a river-to-sea electric container ship that the company claims to be the “world’s largest”.

China launches 'world's largest' electric container ship with 50,000 kWh battery capacity

US automaker Ford plans to eliminate 3,200 jobs in Germany and expressed its concern for the future of the company's facilities in the continent's largest economy.

Ford to cut 3,200 jobs in Europe; plans to move some work to the US

The US' largest automaker, General Motors on Wednesday said it's recalling almost 825,000 trucks and SUVs in North America over headlight issues. According to the company's statement, the vehicles' daylight running lights don't deactivate when the headlights are on, causing excess glare, Reuters reported.

After Japan's Subaru, now US' General Motors recalls 825,000 trucks and SUVs

According to a report, the Volkswagen Group has received a $9.2 billion non-binding offer for auto manufacturing company Lamborghini from an investment group called Quantum Group AG.

World Business Watch: VW group allegedly receives offer to sell Lamborghini for $9.2 Billion