Author: News Desk

BMW AG unveiled its latest share buyback program on Tuesday, with a total valuation of up to €2 billion ($2.25 billion), marking the company’s third initiative of its kind in recent years. The management board has approved the program, which is scheduled to begin this month and will be completed by April 30, 2027. BMW’s share buyback program will include both ordinary and preferred shares, with a maximum allocation of €350 million specifically for preferred shares. The company has stated that additional details regarding the initiative will be revealed prior to and throughout its implementation. The latest initiative builds on…

Subaru, the Japanese automaker, is set to hike prices of its new cars by several hundred dollars in the coming weeks, according to reports. Subaru of America declared on Monday that it will raise prices on multiple models, joining other automakers in passing cost increases on to consumers due to rising expenses. In an official statement, Subaru attributed the price adjustments to ‘current market conditions’ but did not directly reference tariffs or specify particular pricing changes. “The changes were made to offset increased costs while maintaining a solid value proposition for the customer. Subaru pricing is not based on the…

Volvo Trucks will release its latest electric long-haul vehicle, the Volvo FH Aero Electric, with an official launch and order availability beginning in the second quarter of 2026. The FH Aero Electric has been specifically designed for long-haul transportation, which contributes significantly to trucking-related CO2 emissions and has been challenging to electrify. The FH Aero Electric can cover distances of up to 600 km on a single charge highlighting its advanced battery technology, which enables rapid recharging in just 40 minutes. This efficiency is achieved through the new Megawatt Charging System (MCS) standard, allowing the truck’s battery to recharge from…

General Motors has suspended exports of a small number of U.S.-manufactured vehicles to China as the impact of President Donald Trump’s tariffs continues to reshape the global automotive industry. On Thursday, GM notified employees and dealers involved in its export business that it would cease shipping vehicles from the United States to China. “Due to significant changes to economic conditions, we have decided to restructure The Durant Guild and correspondingly optimize GM China’s operations,” a company spokesperson said. As part of its restructuring efforts, GM is revamping the Durant Guild, a premium import division established in 2022 and named after its…

Mitsubishi Motors declared on Monday that it has decided to withdraw from its previously planned investment in Ampere, Renault’s electric vehicle division, which was initially scheduled for the end of 2024. The Japanese automaker initially intended to contribute up to €200 million to Renault’s dedicated electric vehicle business but has now adjusted its strategic direction. Although Mitsubishi has withdrawn from the investment, it has reaffirmed its commitment to working with Renault on product development. The company plans to introduce multiple new models in 2025, built on Renault platforms, including a Grandis SUV based on the Renault Symbioz and a fully…

Hyundai Motor India Limited (HMIL) has introduced the Hyundai Vehicle Digital Passport, enhancing connected car technology across India. Utilizing data analytics, the system compiles vehicle telematics and service records to create a detailed digital identity for Hyundai vehicles equipped with Bluelink connectivity. The innovative solution provides Hyundai customers with comprehensive insights into the vehicle’s periodic service records, accident history, malfunction alerts, warranty details, and driving patterns, ensuring seamless access to the connected car’s performance and overall health. Currently available at an introductory price of ₹399 per quarter, the service generates a comprehensive seven-page report. Beyond providing a historical overview of…

The new regulations for electric vehicle (EV) and hybrid technicians in New South Wales, Australia, may lead to service delays and higher costs, as there is a shortage of professionals meeting the new qualifications. Under the proposed rules, mechanics will need to undergo additional training in battery technology and safety before they are legally permitted to service EVs and hybrids. The regulations are part of a new act intended to replace the existing Motor Dealers and Repairers Regulation, which will expire on September 1. New South Wales (NSW) Fair Trading, which provides the legal framework for the purchase, sale, and…

Dodge has officially stated that the base Daytona R/T trim of the electric Charger will be discontinued for the 2026 model year, with the Scat Pack variant remaining as the sole offering. The announcement comes after the company introduced incentives on 2024 and 2025 models to reduce excess inventory. It also follows new White House tariffs that have raised the price of the Canadian-built coupe. Dodge CEO Matt McAlear stated that production of the Charger Daytona R/T has been delayed until 2026 due to ongoing tariff assessments. Dodge will maintain the high-performance and pricier electric Charger Daytona Scat Pack in…

Maserati, the renowned Italian sports car brand, is bringing production of its legendary GranTurismo and GranCabrio models back to its hometown of Modena. By year’s end, Maserati will manufacture these iconic vehicles at its esteemed Motor Valley facility, further solidifying its legacy in Italian automotive excellence. The transition aligns with Fiat’s plan to manufacture the 500 Hybrid in Turin, a move expected to yield a higher production volume of 100,000 units annually. Maserati’s flagship Modena facility produces the MC20 Halo, the MC20 Cielo, and the GT2 Stradale. The GT2 Stradale, a road-legal adaptation of the GT2, is the most powerful Maserati powered by…

Tesla is preparing to restart shipments of components from China to the U.S. for Cybercab and Semi truck production, after a previous suspension caused by escalating trade tensions between the two countries, as reported by Reuters. The move emphasizes the swift effects of the recent easing of trade tensions between the economies after weekend negotiations in Geneva. Tesla paused component shipment plans last month after U.S. President Donald Trump raised tariffs to 145%, posing a risk to the production schedule for these vehicle models. On Monday, the U.S. and China reached a truce, agreeing to reverse the majority of tariffs…