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Electric Car Sales Are Falling Apart

Slamming the Brakes After racing to meet surging demand for EVs just six months ago, carmakers are now slamming the brakes, and significantly cutting their plants' output. It's an early sign carmakers vastly overestimated the appetite for electric cars, which are increasingly sitting on lots unsold. Is it an overcorrection, triggered by a COVID-era supply […]

Japan , Japanese , Elon-musk , Jim-farley , Wall-street-journal , Toyota-akio-toyoda , Rho-motion , Ev-industry , Lectric-cars , Armaker ,

Volkswagen in talks over future of Xinjiang site as pressure mounts, ET Auto

Volkswagen: The issue adds to pressure on Germany's biggest corporations to rethink ties with China, specifically in the Xinjiang region, where rights groups have documented abuses including forced labour in detention camps. Beijing denies any such abuses.

Turpan , Xinjiang , China , Beijing , Germany , Lower-saxony , Niedersachsen , Jiangxi , German , Stephan-weil , Adrian-zenz , Union-investment

The world's top carmaker got mocked for rejecting EV hype—not anymore. 'I want to congratulate Toyota'

Toyota shared a stellar outlook this week thanks to higher sales of hybrid vehicles across all its major markets.

China , Japan , Chinese , Japanese , Elon-musk , Akio-toyoda , Katherine-garcia , Satoru-aoyama , Stephanie-brinley , Warren-buffett , Diana-furchtgott-roth , Fitch-ratings

Tata Motors Q3 consolidated net profit jumps 2x to Rs 7,025 crore, beats estimates

Tata Motors’ total vehicle sales across segment in the domestic & international market for Q3 stood at 234,981 vehicles, compared to 228,169 units during the year-ago period.

India , Mumbai , Maharashtra , Maruti-suzuki , Tata-motors , Tata-motor , Tata-motor-revenue , Jaguar-land-rover , Group-chief-financial-officer , Passenger-vehicles , 3-results , 3-earnings

Ferrari Hits €1 Billion in Profits Amid Luxury Market Boom

Ferrari achieved a groundbreaking financial milestone by surpassing €1 billion in net profits for the first time, signaling a year of unparalleled success and market dominance.

Italy , Italian , Benedetto-vigna , Ferrari , Porsche , Prancing-horse , Bentley-motors , Rofits , Armaker , Upercar , Ealth , Uxury-market

Skoda Auto enters Brunei market; plans to expand across ASEAN, ET Auto

To cater to the specific preferences of Bruneian customers, Skoda Auto has introduced the Octavia RS and Kodiaq Sportline models imported from Europe as well as the Slavia and Kushaq made in India, the company said.

Brunei , Czech-republic , India , Vietnam , Republic-of , Czech , Bruneian , Kodiaq-sportline , Karoq-sportline , Martin-jahn , Skoda , Skoda-auto

VW Places Battery Unit IPO on Backburner

(Bloomberg) -- Volkswagen AG is pushing back plans to seek outside investors for its battery unit after slower demand for electric vehicles dims prospects for the business, with the industry facing an increasingly daunting reality in the EV transition. Most Read from BloombergMusk Says First Neuralink Patient Received Implant in BrainTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetBlackstone Is Building a $25 Billion Empire of Power-Hungry Data CentersTrump Cash Stockpile at Risk

United-states , Germany , Spain , Canada , America , Mike-tyndall , Oliver-blume , Thomas-schmall , Bloomberg-businessweek , Bloomberg , Volkswagen , Tesla-inc

BMW retools Munich headquarters for all-electric production from 2027

BERLIN (Reuters) -BMW is investing 650 million euros ($711 million) to convert its main plant in Munich to exclusively produce EVs from the end of 2027, the carmaker said on Wednesday, a major stepping stone in the transition to the electric age. Unlike other carmakers, BMW has not set its own target for ending production of combustion engine cars, but is coming up against European Union regulation which effectively bans the sale of new petrol and diesel cars in the bloc from 2035. All-electric vehicles made up 15% of the Munich-based carmaker's sales in 2023, a ratio it expects to rise to a third by 2026.

Berlin , Germany , Hungary , China , Austria , Shenyang , Liaoning , United-kingdom , Debrecen , Munich , Bayern , Mexico

Toyota poised to keep title as bestselling carmaker as global sales hit new peaks in November

Global sales rose 12 per cent from a year earlier to 986,262 units, the most ever for the month of November. That included a 17 per cent increase in China to, while production there rose 14 per cent.

Afghanistan , China , United-states , Japan , America , Japanese , Subaru , Nissan , Toyota , Honda , Toyota-corollas

Toyota Shares Slump on Daihatsu Raid, US Million-Car Recall

(Bloomberg) -- Toyota Motor Corp. shares slumped the most in 18 months, after subsidiary Daihatsu Motor Co.’s offices were raided over a safety scandal and the automaker recalled 1 million cars in the US. Most Read from BloombergS&P Logs Worst Day in Two Months, Bonds Power On: Markets WrapThe Hedge Fund Traders Dominating a Massive Bet on BondsTrump Barred From Colorado Ballot in Unprecedented RulingApple Races to Tweak Software Ahead of Looming US Watch BanOnce Africa’s Richest Woman, Dos Sant

Osaka , Japan , Tokyo , Gran-max , Bloomberg-businessweek , Toyota , Daihatsu-motor-co , Citi-research , Suzuki-motor-corp , Hino-motor-co , Bloomberg-toyota-motor-corp , Subaru-corp