Author: News Desk

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…

Porsche has expanded its electric vehicle infrastructure with the opening of its sixth Charging Lounge in Leonberg, near Stuttgart. Designed to provide a top-tier charging experience, the cutting-edge facility caters to Porsche EV owners, including those driving the Taycan and Macan Electric, while prioritizing sustainability and convenience. The charging lounge is equipped with six high-speed DC fast-charging stations, each providing up to 450 kW of power. This enables swift charging for Porsche electric vehicles, with the Taycan reaching 80% charge from 10% in just 18 minutes, while the Macan Electric achieves the same level in 21 minutes. Developed in collaboration…

Ram, the well-known American truck brand, is bringing back one of its most iconic models with the debut of the 2026 Ram 1500 Express. The new Express combines bold styling, functional features, and a competitive price point, making it a standout choice in the Ram lineup. The Ram 1500 Classic was the last Ram truck to feature the 5.7-liter HEMI V8 engine, though the 2026 Ram 1500 Express doesn’t bring back the HEMI, it continues to provide drivers with the same balance of capability and affordability. The Express re-enters the lineup as a versatile choice, equipped with Crew Cab and…

Unifor, Canada’s largest private-sector union, has called for swift action after General Motors declared it will reduce operations at its Oshawa, Ontario assembly plant from three shifts to two, citing tariffs. Unifor, representing approximately 3,000 workers at the Oshawa facility, criticized the shift reduction as ‘reckless,’ warning that it will have widespread effects on the auto parts supplier network. “We will not allow GM to barter Canadian jobs to gain Donald Trump’s favor. Cutting the third shift at Oshawa Assembly is a reckless decision that deals a direct blow to our members and threatens to ripple through the entire auto…

In the face of ongoing challenges in the auto industry, Stellantis is reinforcing its sales strategy by extending its ‘Employee Pricing for Everyone’ initiative until June 2. Originally launched last month, the program enables private buyers to acquire vehicles at the exclusive rates typically reserved for company employees. Initially launched as ‘America’s Freedom of Choice,’ the program was set to conclude on Wednesday. However, its duration has now been extended to early June. A notable change from the previous version is that the employee price is now combined with select incentives. This uncommon approach, particularly in light of current volatility…

The U.S. Customs and Border Protection declared on Thursday that automobile parts meeting the requirements of the Canada-U.S.-Mexico Agreement (CUSMA) on trade will be exempt from tariffs imposed by U.S. President Donald Trump. This latest move brings relief to North America’s automobile industry, which has been struggling under multiple layers of tariffs. A bulletin from U.S. Customs and Border Protection states that auto parts qualifying under CUSMA will have a zero tariff, excluding knock-down kits and parts compilations. All other parts and non-U.S. components in vehicles assembled outside the U.S. will face a 25% tariff starting May 3. Experts and…

Mercedes-Benz declared on Thursday that it will begin assembling a new high-volume vehicle at its Vance, Alabama plant starting in 2027. While the company has not officially disclosed the model, industry experts anticipate it to be the compact GLC crossover. The company’s expansion in Alabama is part of its broader strategy to strengthen U.S. production and counter rising trade tariffs. On April 30, the automaker cautioned investors that unchanged U.S. tariff policies could threaten earnings, profit margins, and cash flow. CEO Ola Källenius emphasized that the company is gearing up for a future where vehicle manufacturing is increasingly region-focused. Mercedes…