Toyota, for example, had previously threatened “there would be an impact on a number of areas” of its business in the UK if full-hybrids – like the Corolla it builds at Burnaston in Derbyshire – were banned from sale alongside pure-ICE cars in 2030. And Kia’s UK boss Paul Philpott told Autocar recently that clarity… Continue reading Hybrids can be sold until 2035 as government relaxes EV targets
Tag: Hyundai
German FAZ: EU Commission imposed millions of fines against 15 car manufacturers009100
The European Commission has imposed millions in terms of millions against 15 car manufacturers due to a cartel in connection with recycling, scrapped vehicles. The VW Group has to pay the highest fine with around 128 million euros, as the Commission announced on Tuesday. Mercedes had disclosed the cartel in Brussels and therefore escapes a… Continue reading German FAZ: EU Commission imposed millions of fines against 15 car manufacturers009100
‘India Can Become a Major Pillar for Us’ – Marquardt Group
India, the world’s third largest automotive market, is witnessing action across vehicle categories, and German mechatronics specialist Marquardt Group is keen to make the most of this opportunity. Outside the passenger vehicle segment–which contributes the most to the group’s India sales–it has spotted opportunities in the two- and three-wheeler, truck, and construction equipment categories, says… Continue reading ‘India Can Become a Major Pillar for Us’ – Marquardt Group
Kia India Enters a Phase of Correction, Revenues and Profits fall in FY-24
South Korean car major Kia India has reported its first year-on-year decline in profit and revenue since the COVID-19 pandemic, reflecting the impact of a slowing passenger vehicle market and intensifying competition in the Indian automotive sector. According to the company’s financial filing with the Ministry of Corporate Affairs, for the financial year that ended… Continue reading Kia India Enters a Phase of Correction, Revenues and Profits fall in FY-24
New Auto Tariffs Now Bring the Unthinkable
Finished automobiles no longer flow freely across North America, and key automotive free trade agreements have been scrapped. Graphic: BBM As our Chief Economist Jonathan Smoke feared, the “unthinkable” has happened. New automotive-specific tariffs of 25% on all imported vehicles are now in place. Finished automobiles no longer flow freely across North America, and key… Continue reading New Auto Tariffs Now Bring the Unthinkable
Clean Technica: Despite Tesla Dip, Australia Over 14% Plugin Penetration003953
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Last Updated on: 5th April 2025, 02:15 am Combining the numbers for plugin electric vehicles (PHEV plus BEV) gives Australia a penetration rate of 14.5% for March, a significant increase over last month. New Zealand numbers have been stuck… Continue reading Clean Technica: Despite Tesla Dip, Australia Over 14% Plugin Penetration003953
Automakers seek ‘opportunity in the chaos’ of Trump’s tariffs
Trucks are shown from a drone view after clearing U.S. Customs and entering the United States from Tijuana along the U.S. Mexico border at Otay Mesa port in San Diego, California, U.S. April 2, 2025. Mike Blake | Reuters DETROIT — As President Donald Trump‘s 25% tariffs on imported vehicles were set to take effect,… Continue reading Automakers seek ‘opportunity in the chaos’ of Trump’s tariffs
German FAZ: EU Commission imposed millions of fines against 15 car manufacturers009093
The European Commission has imposed millions in terms of millions against 15 car manufacturers due to a cartel in connection with recycling, scrapped vehicles. The VW Group has to pay the highest fine with around 128 million euros, as the Commission announced on Tuesday. Mercedes had disclosed the cartel in Brussels and therefore escapes a… Continue reading German FAZ: EU Commission imposed millions of fines against 15 car manufacturers009093
EV Bloodbath: Nio Slashes Jobs, Misses Targets, and Plunges to 5-Year Low
Nio (NYSE:NIO) is tightening its belthard. The EV maker has kicked off a sweeping round of layoffs across Europe and the U.S., aiming to cut global operating costs by 25%. Design and R&D teams were hit first in Europe, where Q1 sales tumbledNorway down 40%, Germany down 37%. In the Netherlands, their market head just… Continue reading EV Bloodbath: Nio Slashes Jobs, Misses Targets, and Plunges to 5-Year Low
Kia showcases design philosophy and latest vehicles with ‘Eclipse of Perceptions’ and ‘Transcend Journey’ exhibits at Milan Design Week 2025
– ‘Eclipse of Perceptions’ exhibit continues Kia’s dedication to supporting art and culture by providing a platform for artists from diverse backgrounds – Conceptual artworks interpret Kia’s ‘Opposites United’ design philosophy through various mediums including sculpture, sound and light – ‘Transcend Journey’ exhibit highlights the transformative power of Kia’s new PBV and EV models – Opposites United: Eclipse of Perceptions runs from… Continue reading Kia showcases design philosophy and latest vehicles with ‘Eclipse of Perceptions’ and ‘Transcend Journey’ exhibits at Milan Design Week 2025