Author: Central Desk

The United Auto Workers (UAW) strike has intensified, casting a grim shadow over the U.S. auto industry with crippling economic repercussions felt across the sector. As the industrial action enters its 22nd day, the ongoing strife has brought the Big Three U.S. automakers – Ford, General Motors (GM), and Stellantis NV, under immense financial strain, causing mounting concerns among industry leaders and stakeholders. A distressing analysis by Michigan’s Anderson Economic Group LLC reveals a staggering economic shortfall due to the strike. With a current total loss estimated at 7.7 billion dollars, the toll includes 359 million dollars in direct wage…

Quantron AG, a luminary in clean tech, and Electromin, powered by the Petromin Corporation, have coalesced their technological prowess to unveil a monumental fleet of QUANTRON QARGO 4 EV light trucks, marking a distinguished epoch in Saudi Arabia’s journey toward sustainable transport solutions. With a remarkable delivery of the first fifty battery-electric trucks, this formidable alliance stands as a beacon of innovation, signaling the largest deployment of zero-emission vehicles in the kingdom. Electromin recently played a pivotal role as a sponsor at Riyadh’s EV Auto Show in the Kingdom, marking a significant moment in fostering innovative partnerships and establishing electric…

Hyundai Motor and Toyota, two automotive giants, grapple with the tumultuous waves of China’s vast auto market, each carving a distinctive path. Hyundai, grappling with turbulent waters, has been exploring outsourcing strategies, inking discussions to produce local Chinese electric vehicle (EV) brands. Meanwhile, Toyota’s vessel seems to have caught a favorable wind, rebounding with enhanced promotional sails within a mere four months. Per a recent Reuters report, Beijing Hyundai Motor, a Hyundai affiliate, embarks on an innovative trajectory, orchestrating negotiations to produce the ‘Arcfox’, an electric vehicle from China’s Beijing Automotive Industry Group (BAIC). This strategic direction signifies Hyundai’s first…

Navigating the tumultuous currents of the automotive industry with innovative prowess, MG Motors has announced a monumental £1 billion in UK sales for 2022, double the volume, attributing this skyrocketing success to the global shift towards electric and hybrid vehicles. Owned by China’s heavyweight, SAIC Motor Corp, MG is harnessing the global electric car revolution, strategically positioning itself at the forefront of the electric vehicle (EV) market. Bathing in the limelight of profitability, the auto maestro’s financial score reached a breathtaking pre-tax opus of £54.2 million, an opulent ascent from the modest £4.3 million prelude in previous annual performances. Guided…

Manifesting a vigorous pursuit of global automotive preeminence, India orchestrates strategies to eclipse China, aspiring to ascend as the paramount automobile manufacturer by 2027. This aspiration was illuminated by the Union Minister for Road Transport and Highways, Nitin Gadkari, at the illustrious 27th World Road Congress situated in Prague. Striding on a trajectory of monumental growth, India’s automotive market burgeons, skyrocketing from Rs 4.5 lakh crore to a staggering Rs 12.5 lakh crore within a mercurial span of nine years. Outmaneuvering Japan, India now proudly brandishes the title of the third-largest automobile market on the global stage, nestled behind only…

Mercedes-Benz has taken a revolutionary step in vehicle safety, conducting the first-ever public crash test involving solely electric vehicles (EVs) at the renowned Technology Centre for Vehicle Safety in Sindelfingen. The luxury automobile giant chose to surpass conventional legal and industry standards, aiming for a more accurate representation of real-world vehicular collisions. Unlike traditional Euro NCAP protocols, which involve a frontal impact test with a 1,400 kg trolley at a speed of 50 km/h, Mercedes-Benz opted for a more authentic approach. The test involved two of its electric models, the EQA and EQS SUVs, in a collision at an elevated…

Vietnam’s premier eco-friendly transportation solution, Green and Smart Mobility (GSM) is marking a monumental leap in its global expansion strategy. GSM is making an indelible mark in Laos by importing 150 state-of-the-art VinFast electric cars, signaling the initiation of their pioneering electric taxi service, Green SM. This strategic deployment is a testament to GSM’s unwavering commitment to establishing itself as a front-runner in the regional and global ride-hailing sectors, prioritizing sustainable and innovative mobility solutions. Launching in 2023, GSM’s Green SM plans to elevate Laos’ ride-hailing experience by introducing a fleet of 1,000 meticulously designed VF 5 Plus and VF…

The canvas of Riyadh’s automotive landscape was vibrantly painted with the hues of innovation, sustainability, and technological prowess at the return of the EV Auto Show. Held at the Riyadh International Convention and Exhibition Center from October 9-11, the event manifested a new epoch where roads are envisioned as arteries of sustainability and technological advancement. Sponsored by Electromin, the trailblazer in e-mobility solutions, the show heralded a symphony of groundbreaking partnerships and electric vehicle (EV) charging infrastructures converging towards the realization of Saudi Vision 2030. Electromin, with a formidable presence, unfolded a roadmap intricately designed with ambitious strategic alliances, catalyzing…

Despite a global shift towards Battery Electric Vehicles (BEVs), Japan’s BEV market continues to face hurdles. A significant challenge has emerged from the surging popularity of hybrid vehicles, which saw a 30% sales boost between January and July 2023, bringing them to represent 46% of the passenger vehicle market. BEVs Premium and Non-Premium European OEMs dominate the premium vehicle segment in Japan, shifting from traditional internal combustion engine (ICE) models to BEVs. Toyota aims to transition all its Lexus ICE and hybrid models to BEVs by 2035. Meanwhile, in the non-premium sector, Nissan and Mitsubishi were the pioneers in introducing…

Pushing the boundaries of sustainable auto seating, Magna presents its EcoSphere product family, an industry breakthrough aimed at eradicating the conventional disposal of seating foam pads and trim covers into landfills. By integrating mono-material polyethylene terephthalate (PET) with its avant-garde 100% Melt Recyclable Foam and Trim system, Magna’s EcoSphere product family embodies a commitment to melding foam chemistry, trim manufacturing, craftsmanship, and advanced tooling into a comprehensive, cost-effective solution. Despite its environmental commitment, the EcoSphere does not waver on product quality. Seating materials retain their esteemed industry-standard tactile experience, setting a benchmark for look and feel. Carrie Young, Chief Engineer…