Manufacturing
Geely’s $2.2bn take-private bid for Zeekr
Geely Faces Resistance from Investors Over Zeekr Take-Private Bid Geely, a prominent Chinese automaker, is facing pushback from investors regarding its $2.2 billion take-private bid for its electric car unit,…
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Toyota to initiate electric SUV production at Kentucky plant in US
Toyota Motor has announced plans to start production of two new battery-powered sport utility vehicles (SUVs) at its manufacturing facility…
Industry reps meet with EU to press for realistic green strategy
Representatives of Europe’s auto industry recently met with EU Commission President Ursula von der Leyen as part of the ‘third…
electric mini car in Japan
Honda Motor has recently unveiled its first kei-class passenger mini-electric vehicle (EV) called the N-ONE e: in Japan. Priced at…
Hyundai expects raid to delay US battery plant by three months
South Korean automaker Hyundai Motor Group (HMG) has faced a setback as a result of a recent raid by US…
Mitsui, Idemitsu, Sumitomo to merge their Japanese plastics operations
Three major Japanese petrochemical companies, Mitsui Chemicals Inc, Idemitsu Kosan Company, and Sumitomo Chemical Company, have recently announced a landmark…
Tata Motors arranges $4.5bn bridge loan for Iveco CV division acquisition
Tata Motors is currently in the process of securing a €3.875bn ($4.5bn) bridge loan to fund its planned acquisition of…
Proton opens Malaysia’s first dedicated BEV plant
Proton, Malaysia's first car company, recently inaugurated its new assembly plant dedicated to the production of battery electric vehicles (BEVs).…
Mexico plans 50% import tariff on Chinese cars
Mexico is considering imposing a 50% tariff on cars from China and other Asian countries as part of a broader…