Author: News Desk

Japan’s automobile industry association has urged the government to seek a U.S. tariff exemption, requesting Japanese cars be excluded from any potential tariffs the U.S. may impose on auto and auto part imports. On Tuesday, Economy, Trade, and Industry Minister Muto Yoji met with representatives from the automobile, steel, and aluminum industries. These meetings were held in response to U.S. President Donald Trump’s decision to impose additional tariffs on imports of these products. During the meeting with leaders, Minister Muto stated that the government is prepared to take necessary actions to protect Japan’s vital auto industry. He affirmed that if…

Toyota revealed on Tuesday that the company plans to restructure its board to incorporate more diverse perspectives and strengthen the roles of auditors. The automaker described the move as a strategic effort to bring in a broader range of viewpoints while enhancing the oversight capabilities of its auditors. Christopher Reynolds, currently serving in Toyota’s North American division, is one of six new board appointees. Toyota notes that Reynolds, who has a legal background and whose father worked for Ford, brings valuable expertise in human resources and risk management to the team. The 10-member board will see its female representation…

German automotive giant Volkswagen has revealed its plans to set up an e-tractor manufacturing facility in Nigeria. The project is designed to boost agricultural mechanization in Nigeria, reflecting Volkswagen’s restored confidence in the country’s economic potential. Nigeria’s Minister of Foreign Affairs, Yusuf Maitama Tuggar, revealed the development following his discussion with Germany’s Minister of State, Mrs. Katja Keul, at the G20 Foreign Ministers’ Meeting. “We welcomed Volkswagen’s plans to introduce e-tractors to Nigeria, backed by the German government, as part of efforts to enhance agricultural mechanization,” Tuggar said. The German government is backing the project as part of the larger…

LG Display has unveiled the start of mass production of the company’s expansive 40-inch ‘pillar-to-pillar’ (P2P) display for vehicles. The advanced screen is set to debut in the Afeela, the first sedan from Sony Honda Mobility. The innovative P2P display spans the entire width of the vehicle’s interior, extending from one front pillar to the other. The pioneering pillar-to-pillar display from LG Display stretches across the entire dashboard, extending from the driver’s side A-pillar to the passenger’s side. As the first company to bring ultra-wide automotive displays into mass production, LG Display is positioning this technology as a crucial component…

Chery Corporate Malaysia is allocating RM2.2 billion to establish the Chery Smart Auto Park within the Beringin High-Tech Auto Valley, which will be developed by Legenda Beringin Holding. Chery Corporate Malaysia and Legenda Beringin Holding have inked an agreement to construct the Chery Smart Auto Industrial Park at Beringin HTA Valley in Hulu Selangor. This five-year investment represents the initial stage of development within a 323.75-hectare ecosystem at Beringin HTA Valley, with the goal of introducing world-class automotive manufacturing and cutting-edge technology to Hulu Selangor. The automaker’s Smart Industrial Park will occupy 80.9 hectares within the planned integrated township of…

BMW has ceased a £600m investment in the Oxford mini plant owing to slow electric vehicle (EV) sales, casting uncertainty over the facility’s future. On Friday, the German automaker confirmed it is ‘reassessing the schedule for reintroducing battery-electric Mini production in Oxford’ amid challenges affecting the automotive market. This follows BMW’s detailed response to a government review of the zero-emission vehicle (ZEV) mandate, which imposes substantial fines on carmakers failing to meet specified EV sales targets. “Plant Oxford is at the heart of Mini production, manufacturing and exporting a range of models that are sought after in the UK and…

Shanghai-based Saic Motor and Huawei Device Company Limited have joined forces to launch New Energy Vehicles (NEVs) to lift smart intelligent mobility. On February 21, Saic Motor and Huawei forged a comprehensive alliance in Shanghai. Their objective is to collaboratively develop the next generation of intelligent new energy vehicles (NEVs) under a new car venture Shangjie. This partnership will focus on product definition, manufacturing, supply chain management, and sales services to develop smart vehicles that are globally competitive, offering users improved intelligence, convenience, and safety. As the agreement outlines, Saic and Huawei’s automotive division will distribute Shangjie models through Huawei’s…

Faraday Future Unveils the Shipment of its First Two FX 6 Camouflaged Prototype Mules to the U.S. The company declared today that its subsidiary FF China had sent two FX 6 camouflaged prototype mules to customs as part of their journey to the U.S. headquarters in Los Angeles. Faraday Future Intelligent Electric Incorporated is a California-based company pioneering a global shared intelligent electric mobility ecosystem. The FX 6 represents a key component in FF’s comprehensive FX product strategy, which focuses on making Advanced Intelligent Electric Vehicles (AIEVs) accessible to mainstream consumers. The camouflaged prototype mules will undergo further testing and…

Stellantis announced Thursday it’s freezing all activity at its Brampton Assembly and Retooling Plant, citing the need to reassess the company’s approach for the launch of next-generation Jeep Compass. Due to the fluctuating conditions in the automotive industry, the company will immediately halt all operations at its Brampton Assembly Plant. In a statement, a company spokesperson clarified that the decision does not alter the company’s previously declared investment plans for Brampton. The industrial plant is temporarily inactive and was in the middle of a $1.3 billion renovation to enable production of the Compass model in multiple versions; conventional gasoline-powered, hybrid,…

Mercedes Benz has unveiled a new cost-cutting strategy to revive sales and margins following a forecast decline in 2025 earnings. On Thursday, Mercedes announced a hefty cost cut of 10% after experiencing nearly one-third decline in 2024 profits, driven by a downturn in China and weak EV sales. The German automotive giant experienced a 28% drop in net profit from the previous year, reaching €10.4 billion ($10.8 billion). while revenue also declined by approximately 4% to €145.6 billion. The company announced its intention to reduce production costs by 10% by 2027 to ‘secure the company’s future competitiveness’. “In an increasingly…