Author: News Desk

Nissan Motor has decided to discontinue its plan to establish an electric vehicle battery manufacturing facility in Japan. In January, the automaker declared that it had obtained approval to build a lithium iron phosphate (LFP) battery production facility in Kitakyushu, southern Japan. Despite the formal authorization from the Ministry of Economy, Trade, and Industry (METI), Nissan has now decided not to move forward with the project. In an official statement, the company reported that it is implementing urgent recovery measures and evaluating all possible strategies to improve its performance. Following a thorough assessment of investment efficiency, the brand has opted…

Volvo recalls more than 413,000 vehicles in the U.S. because of a software defect affecting the rearview camera. Newly released documents from the National Highway Traffic Safety Administration (NHTSA) reveal that the recall is due to a software fault, causing several Volvo models to fail compliance with the federal safety standard. The extensive recall impacts various Volvo models, including S60 sedans from the 2023–2025 model years, manufactured between June 24, 2022, and June 21, 2024. It also covers V60 wagons produced from May 12, 2022, to June 28, 2024, alongside V60 Cross Country vehicles built between May 16, 2022, and…

Stellantis revealed that it has reached an agreement with labor unions to carry out up to 200 voluntary layoffs at its Termoli facility in Italy. As reported by Reuters, the move is part of Stellantis’s wider plan to refresh its workforce in Italy. Similar statements have also been issued for other Italian facilities to reduce up to 1,000 jobs. As part of its strategy, the company has recently undertaken hiring efforts, adding approximately 300 new employees in Turin and Atessa, Italy. Since the merger of Fiat Chrysler and Peugeot maker PSA in early 2021, Stellantis’ workforce in Italy has decreased…

President Donald Trump and Prime Minister Keir Starmer have revealed a new trade agreement reducing the tariff on vehicle imports. The duty, which had been set at 27.5% since April 3, will now drop to 10%, a change that could provide relief to luxury car manufacturers. Under the newly established pact, the UK can export up to 100,000 vehicles to the U.S. at a reduced 10% tariff. However, any additional imports exceeding the limit within the year will incur a higher 25% duty. The agreement is flexible and could be adjusted as discussions between the two nations progress. The allotted…

Ford Motor Company is increasing the prices of its three Mexico-manufactured models to offset the impact of tariffs. The price adjustment comes despite recent remarks from Ford executives, who previously indicated that industry-wide price hikes were not expected this year. A memo shared with Ford dealerships and cited by Reuters reveals that the price increases will impact the Bronco Sport, Maverick pickup, and Mustang Mach-E electric SUV, with adjustments ranging from $600 to $2,000 per vehicle. The revised pricing applies to vehicles manufactured after May 2, 2025, which are anticipated to reach dealership lots by late June. Ford spokesman Said…

Hyundai has unveiled its latest all-electric SUV, the Elexio, designed exclusively for the Chinese market. Developed under Beijing Hyundai, the joint venture between Hyundai Motor and BAIC Motor, the new model showcases cutting-edge technology and boasts an impressive driving range of over 700 km (435 miles) on a single charge. On April 21, Beijing Hyundai introduced its “In China, for China, to the World” strategy in Shanghai, marking the global premiere of the Elexio at an exclusive media event. Hyundai described the SUV’s launch as a pivotal moment in its transition from a traditional fuel vehicle leader to an electrification-focused…

Mitsubishi Motors said on Wednesday that it had reached an agreement with Foxtron Vehicle Technologies Company, a subsidiary of Hon Hai Precision Industry (Foxconn), through a memorandum of understanding (MOU). Under the partnership, Foxtron will provide Mitsubishi Motors an electric vehicle (EV) developed by its team. As part of the MOU, Mitsubishi will receive an electric vehicle (EV) developed by Foxtron in Taiwan through Yulon Motor Company. The model is set to debut in the Oceania region—Australia and New Zealand in the latter half of 2026. The vehicle is part of Mitsubishi’s long-term product strategy for Australia, which was first…

Audi is strategizing to sidestep new U.S. tariffs by shifting its electric vehicle production to the U.S. After the Trump administration enacted a 25% tariff on electric vehicles imported from outside North America on May 3. The automaker is now evaluating three potential manufacturing sites in the U.S. to mitigate the financial impact. By producing vehicles within the U.S., the company aims to bypass the costly import fees and maintain its competitive edge in the American market According to sources cited by Germany’s Automobilwoche, Audi is exploring Volkswagen Group’s U.S. facilities as part of its transition strategy. One potential plan…

American electric vehicle manufacturer Rivian is allocating $120 million to develop a massive 1.2 million-square-foot supplier park at its manufacturing facility in Normal, Illinois. This initiative is designed to enhance production capacity as the company gears up for the launch of its next-generation R2 electric SUV. The investment improves Rivian’s EV production efficiency by optimizing material supply logistics. The park will accommodate essential suppliers and foster job growth by creating nearly 100 direct positions within the company. “We are excited to see this supplier park coming together so quickly. This will be a key enabler to increasing production at the…

Tesla is rolling out a special financing deal for its new Model Y in the U.S., aiming to boost demand following lower-than-expected consumer interest. The latest offer provides qualified buyers with an attractive ‘1.99% APR or $0 Due at Signing,’ effectively amounting to substantial savings of several thousand dollars. The move aligns with Tesla’s broader strategy to make its vehicles more financially accessible and stimulate sales. The first broadly accessible incentive for the refreshed Model Y in U.S. arrived just a week after the introduction of more affordable non-Launch Edition variant. Although the update was anticipated to augment demand, the…