New Delhi: The planned ₹25,000 crore ($3 billion) IPO by Hyundai Motor India Ltd (HMIL) will drive parent Hyundai Motor’s ambitious strategy to make India a key export hub to expand its global business, besides seeking gains in the domestic market, said senior industry executives with knowledge of the matter. As part of this, the … Read more
The Chinese auto sector is increasingly making global automakers and politicians hot under the collar. In the early 1980s, the Chinese auto industry barely existed. Today the country has the capacity to make about 40 million vehicles annually — enough to supply half the world. Only about 25 million cars sold in the country in … Read more
Nick’s wife is starting a new job that requires a lot of long-distance highway travel. She is looking for something a bit more comfortable than her 2012 Chevy Volt with some updated features. With a budget of up to $45,000 what car should she buy? The 2023 Dodge Challenger Swinger Edition Was The Most Fun … Read more
A former U.S. ambassador to Canada is urging Ottawa to join the U.S. and the EU in placing tariffs on Chinese electric vehicles amid concerns Beijing’s government subsidies are flooding the international market with cheaper cars. On Wednesday, the EU threatened to impose tariffs up to 38 per cent on imported Chinese EVs starting on … Read more
Automobile retailers’ apex body FADA on Friday voiced its concern on the high inventory level and said it is planning to take up the matter with the Society of Indian Automobile Manufacturers (SIAM). At the third edition of the Finance and Insurance Summit 2024 here, Federation of Automobile Dealers’ Association (FADA) President Manish Singhania also … Read more
New energy vehicles for export at Lianyungang Port, Jiangsu Province, China, on April 25, 2024. Nurphoto | Nurphoto | Getty Images Automotive companies in China sold more cars than their U.S. counterparts for the first time last year, boosted by BYD and growth in emerging markets, researcher Jato Dynamics said in a report published Thursday. … Read more
Under CEO Elon Musk, Tesla has been credited with revolutionizing the auto industry, jumpstarting the electric revolution, and racking up billions in profit in the process. Now Musk is set for a record payday worth almost $50 billion, after the electric car company’s shareholders approved a compensation plan that had been previously blocked by a … Read more
An electric Ford truck is displayed during the Electrify Expo D.C. in Washington, D.C., on July 23, 2023. Nathan Howard | Getty Images Ford Motor is ending a controversial electric vehicle dealership program that initially asked store owners to invest upward of $1 million to sell EVs. The “EV-certified” program was announced in September 2022 … Read more
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty Images Elon Musk said on late Wednesday that Tesla shareholders are set to approve his controversial $56 billion pay … Read more
Halfpoint Images | Moment | Getty Images The federal government has issued more than $1 billion in tax credits as an upfront cash incentive to buyers of electric vehicles, the U.S. Treasury Department and Internal Revenue Service said Wednesday. The Inflation Reduction Act created a mechanism whereby tax credits for buyers of new and used … Read more
