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The EEOC lawsuits allege discrimination on the basis of age and gender, but could be deprioritised as Trump resumes office. By Stewart Burnett In the waning days of the Biden Administration, the US government has opened two anti-discrimination lawsuits targeting several of the country’s biggest automotive players. On 17 January 2025, the US Equal Employment […]
US government sues GM, FCA, and UAW days before Trump return Read More »
Establishing a factory in Indonesia will help broaden BYD’s ever-expanding reach across Asia. By Will Girling The Southeast Asian electric vehicle (EV) market, particularly the top six economies in the region—Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam—represent a significant growth opportunity for automakers. These markets alone are forecast to achieve a CAGR of 16-39%
BYD confirms Indonesian factory on-track for 2025 completion Read More »
Another EV start-up has declared bankruptcy in the struggle to secure financial resources. By Megan Lampinen Troubled electric vehicle (EV) start-up Canoo has filed for bankruptcy and ceased operations. A court-appointed trustee will manage the liquidation of the company’s assets. The US hopeful was founded in 2017 by two former Faraday Future executives under the
Canoo capsizes under capital struggles Read More »
VDA President Hildegard Müller regarding update on EU-Mexico trade agreement VDA President Hildegard Müller: “The conclusion of negotiations to update the EU-Mexico trade agreement is good news for the entire European economy, and especially for Germany as an export country. In the German automotive industry, around 70% of jobs depend on exports. This is the
VDA statement regarding update on EU-Mexico trade agreement Read More »
Ola Källenius has put forward three priorities that could help the European automotive industry recover its global prestige. By Will Girling Following his election to President of the European Automobile Manufacturers’ Association (ACEA) on 11 December 2024, Mercedes-Benz Group Chief Executive Ola Källenius vowed to boost the region’s global competitiveness. In a statement, he highlighted
EU auto at a crossroads, says ACEA President in open letter Read More »
Honda and Nissan are reportedly seeking to avoid unwanted third parties complicating merger talks. By Stewart Burnett The tentative merger between Nissan and Honda could be facing a complication. On 16 January 2025, Japanese news agency Kyodo stated that Honda has urged Nissan to acquire Renault’s share in the company. Renault, which is headquartered in
Honda-Nissan merger may hinge on Renault shares buyout Read More »
Michael Lohscheller outlines an updated business approach in response to cost concerns and geopolitical tensions. By Megan Lampinen Four months into his leadership position and Polestar Chief Executive Michael Lohscheller is already promising to break records. Addressing media and analysts in his first business update, Lohscheller outlined several bullish targets for the all-electric brand, including
New Polestar CEO predicts 2025 will be “best year” yet Read More »
Can the introduction of new technologies sustain long-term differentiation and underpin Genesis’ desired premium or luxury status? By Ian Henry Until 2015 Genesis was a model within the Hyundai range; since then it has become a brand in its own right. It has range of three sedans (G70, G80 and G90) and three SUVs/crossovers (GV60,
Genesis—a Korean Lexus? Read More »
Green power projects deliver a total of about 1.1 terawatt-hours of electricity in 2024 As a pioneer, Volkswagen supported the large-scale expansion of renewable energies in Europe at an early stage. Currently, the automaker is engaged in a total of 26 green power projects in nine European countries. The company has now drawn a positive
In addition to financial penalties, Hino is banned from importing its own engines into the US for five years. By Stewart Burnett Hino Motors is the latest automaker to face fines for falsifying diesel emissions levels in its products. On 15 January 2025, the truck brand agreed to a US$1.6bn settlement with a number of
Hino Motors fined US$1.6bn for diesel emissions fraud Read More »
