Cars

Toyota Expands Presence in China with New Wholly-Owned Lexus Factory in Shanghai

1 month ago

Toyota Motor Corporation has secured a significant foothold in the Chinese automotive market by finalizing a deal to fully own a new Lexus manufacturing plant in Shanghai. This strategic move comes amid rising demand for luxury vehicles in China, which has become the world's largest market for premium cars. The agreement marks a pivotal shift in Toyota's operational strategies, as it transitions from joint ventures to wholly-owned factories in the region.

Japan Considers Revising Car Safety Regulations to Facilitate Trade Negotiations with the U.S.

2 months ago

In a significant move that could reshape the landscape of international trade relations, Japan is contemplating revisions to its vehicle safety regulations. This initiative is primarily aimed at pacifying U.S. concerns regarding Japanese automotive standards as the two nations seek to finalize a trade agreement under the Biden Administration's negotiations with former President Donald Trump’s administration's framework.

Geely and Renault Unveil Plans to Transform EVs into Hybrids

2 months ago

In a groundbreaking initiative set to revolutionize the electric vehicle (EV) market, automotive giants Geely and Renault are reportedly collaborating on an innovative strategy that aims to convert electric vehicles into hybrids. This ambitious project is expected to tap into the growing preference for hybrid models, combining the best of both worlds to cater to a diverse range of consumer needs and environmental concerns.

BMW Faces Sales Decline Amidst Deepening Slump in China

2 months ago

In a disheartening turn of events for the automotive industry, BMW has reported a notable drop in sales during the first quarter of 2025. The German car manufacturer, renowned for its luxury vehicles, is grappling with challenges posed primarily by a continuing economic slump in China, which has emerged as a crucial market for automotive sales.

Audi's Popular SUV Faces Sales Crisis in the U.S. Due to Tariffs

2 months ago

Audi's bestselling SUV, the Q5, has become virtually unsellable in the United States market, mainly attributed to the tariffs imposed during the Trump administration. This situation has caused significant financial strain on the German automaker, impacting both sales volumes and market strategy.

CarMax Revises Projections Amid Economic Uncertainty

2 months ago

In a significant move reflecting ongoing economic volatility, CarMax Inc., the leading used car retailer in the United States, has announced that it is pulling back its long-term financial targets. This decision underscores the challenges the company faces in adapting to a rapidly changing market landscape influenced by inflation and shifting consumer behaviors.

Stellantis Enlists McKinsey to Revitalize Maserati and Alfa Romeo Brands

2 months ago

In a strategic move aimed at bolstering two of its most prestigious brands, Stellantis has partnered with consulting giant McKinsey & Company. This collaboration is primarily focused on enhancing the performance and market position of Maserati and Alfa Romeo, luxury vehicles that have struggled to meet their potential in recent years.

Jaguar Land Rover Sees Surge in U.S. Sales Before Anticipated Tariffs

2 months ago

In a significant move that has captured the attention of the automotive industry, Jaguar Land Rover has reported a remarkable increase in its U.S. sales figures, just ahead of the looming tariffs expected to be imposed by the Trump administration. The surge in sales signals a proactive strategy by the luxury carmaker to counteract potential financial impacts from trade policy changes that could alter the dynamics of the U.S. auto market.

Jaguar Land Rover Halts US Exports Amidst Trade Tariff Tensions

2 months ago

In a significant shift in operations, Jaguar Land Rover (JLR) has announced it will temporarily cease exports to the United States. This decision is primarily influenced by the escalating tariffs imposed on automotive imports. The move, reported by The Times, underscores the growing complexities that manufacturers face within the global trading landscape.

Are Electric Vehicles the New Best Friend for Dog Owners?

2 months ago

In a notable trend emerging within the electric vehicle (EV) community, many dog owners are finding that their choice to drive electric is intricately linked to the well-being of their canine companions. A growing number of pet parents are opting for EVs, driven by the appeal of eco-friendliness, convenience, and comfort for their furry friends.