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Automotive: Page 50

VinFast Investing $400M in Indian, Indonesian EV Factories
The organization anticipates a $1.2 billion influx of cash from its founder (Pham Nhat Vuong) and other Nasdaq-listed EV producers.
Ho Chi Minh City, Vietnam. Photo: iStock.com/HuyNguyenSG
Carmaker Xpeng Suspends VP of Supply Chains Over Corruption Probe
Xpeng shares were up by roughly 2% on October 11 in pre-market trading after the stock fell by more than 10% on October 10.
Shanghai, China. Photo: iStock.com/Robert Way
Stockholm Planning 2025 Ban of Gasoline, Diesel Cars
The Green Party, which is a part of the Stockholm City Council’s ruling coalition, said the initiative will lead to an increase in the adoption of electric vehicles.
Stockholm. Photo: iStock.com/Oksana Verkhola
Unionized Workers Begin Striking at Three Canadian GM Plants
The walkout came after Unifor said that GM was “stubbornly refusing” to match the three-year deal the labor union had previously reached with Ford Motor.
Photo: iStock.com/SandraMatic
Gebrüder Weiss Expanding E-Van Home Delivery Services to Hungary
The organization ordered ten additional Ford E-Transit vans that will be deployed in Győr, Pécs, Zalaegerszeg and Szeged next year.
Photo: iStock.com/flyparade
BMW CFO Says EU’s EV Subsidy Probe Could Hurt Auto Makers
The EU launched an anti-subsidies probe into Chinese EV manufacturers, setting in motion a 12-month investigation that could see provisional duties and tariffs imposed over the next nine months.
Wolfsburg, Germany. January 2021. Photo: iStock.com/Wirestock
Tesla Cuts Prices of Top Models to Stoke Demand for More EVs
Tesla will update investors on the toll that price cuts have taken on earnings when it reports its third-quarter results on October 18.
Photo: Patrick T. Fallon/Bloomberg
WTO Cuts 2023 Forecast for Growth in Trade in Goods by Half
The WTO said October 5 that merchandise trade volumes would grow by just 0.8% in 2023, less than half of the 1.7% estimate that came in April.
Image: iStock.com/thitivong
Ford Sales Rose in the U.S. During the Third Quarter
Ford saw its sales of electric vehicles, hybrids and trucks each increase by double-digit percentages during the third quarter of 2023.
Krasnoyarsk, Russia. Photo: iStock.com/Vera Tikhonova
EU Formally Opens Subsidies Probe into EVs Made in China
The probe will focus on new battery-powered electric vehicles (BEVs) and alleged subsidies granted by the Chinese state, a legal notice in the EU’s official journal confirmed October 4.
Munich Motor Show. Munich, Germany. September 6, 2023. Photo: Bloomberg
Volkswagen Cuts Its EV Output Levels in Germany
Volkswagen will be dialing back production of its ID.3 and Cupra’s Born EVs at the company’s Zwickau factory until October 16.
Lisbon, Portugal. Photo: iStock.com/Ivan Kyryk
UAW Expanding Strikes Against Big Three Automakers
The strike will likely extend to GM's Lansing, Michigan plant as well as Ford's Chicago, Illinois assembly facility, bringing the number of picketers up to 25,000 people.
Photo: iStock.com/Pict Rider
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