Posted inEmerging Market
Mavis Tire to Acquire Pep Boys for $700M in Major Automotive Aftermarket Deal
Mavis Tire is acquiring Pep Boys for 700 million dollars to expand its automotive service network to over 4400 locations nationwide.
Posted inEconomy
Volkswagen Weighs 50,000 Additional Job Cuts Amid Severe Cost Disadvantage
Volkswagen may cut another 50000 jobs globally to battle a severe cost disadvantage and rising competition. Read how this affects the auto giant.
Posted inEmerging Market
Ford and Geely Form Joint Venture to Manufacture Electric Vehicles in Spain
Ford and Geely partner to build electric vehicles in Spain by 2028, boosting EU manufacturing and optimizing factory capacity.
Posted inEconomy
Ford Recalls Nearly 388,000 Explorer and Aviator SUVs Over Second-Row Seat Defect
Ford Motor Company is recalling nearly 388,000 SUVs in North America after federal safety regulators warned that a defective second-row seat mechanism could unlatch while vehicles are in motion, elevating…
Posted inBusiness Insights
Bajaj Auto Targets 9 Million Unit Capacity as Export Demand Surges
Bajaj Auto plans to boost annual production past nine million units to meet surging global demand for its premium and electric two-wheelers.
Posted inEmerging Market
General Motors Braces for Q2 Earnings: Wall Street Sets High Bar Amid EV Shift and Pricing Pressures
Wall Street expects strong Q2 earnings from GM as high SUV and truck sales fund its costly transition to electric vehicles.
Posted inEconomy
Volkswagen Weighs Additional 50,000 Job Cuts Amid Rising Global Competition
Discover why Volkswagen may double its global job cuts to one hundred thousand as it struggles against rising Chinese electric vehicle competition.
Posted inEmerging Market
Tesla Deliveries Surge Past Expectations as European Demand Sparks Rebound
Tesla Inc. delivered a record 480,126 vehicles globally in the second quarter, beating Wall Street expectations of 402,776 units and reviving hopes for full-year growth. The Austin, Texas-based electric vehicle…
Posted inEmerging Market
BMW Solidifies U.S. EV Strategy with Landmark $1.7 Billion South Carolina Expansion
BMW accelerates its US electric vehicle strategy with a massive 1.7 billion dollar South Carolina expansion to build the new all electric iX5.
Posted inEmerging Market
Toyota Announces $3.6 Billion Texas Plant Expansion, Shifting Tacoma Production from Mexico
Find out why Toyota is investing 3.6 billion dollars to expand its Texas plant and bring Tacoma truck production back to the United States from Mexico.
