South Korean carmaker Hyundai will hold a media event at the Consumer Electronics Show 2023 in Las Vegas from 5:45 to 6:55 p.m. on Jan. 4. …
LIVE 6 PM ET: South Korean Carmaker Hyundai Holds Media Event at CES
LIVE NOW: South Korean Carmaker Hyundai Holds Media Event at CES
South Korean carmaker Hyundai will hold a media event at the Consumer Electronics Show 2023 in Las Vegas from 5:45 to 6:55 p.m. on Jan. 4. …
South Korean Carmaker Hyundai Holds Media Event at CES
South Korean carmaker Hyundai will hold a media event at the Consumer Electronics Show 2023 in Las Vegas from 5:45 to 6:55 p.m. on Jan. 4. …
Stellantis Joint Venture in China Filing for Bankruptcy Due to Plunging Vehicle Sales, Company Says
October 31, 2022
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European carmaker Stellantis has announced that its joint venture (JV) in China is filing for bankruptcy following poor vehicle sales over the years. The JV, which sold the Jeep Cherokee SUV and the Jeep Compass crossover SUV in China, saw sales decline significantly during the past year. In 2021, sales crashed by 50 percent to…
European Car Sales Rise in August, Ending 13 Month Run of Falls: ACEA
BERLIN—European new car registrations grew in August, bringing an end to 13 months of consecutive decline, data from the region’s carmaker association showed on Friday. The number of new vehicles registered in the European Union, Britain, and the European Free Trade Association (EFTA) grew by 3.4 percent on the year to 748,961 units, the European…
Global Carmakers Raided by EU; UK Also Announces Probe
BRUSSELS—EU antitrust regulators on Tuesday raided several automotive companies and associations in several countries on suspicion of breaching the bloc’s cartel rules, while Britain’s competition authority also launched a probe. The European Commission also sent companies requests for information, it said without disclosing company names. “The inspections and requests for information concern possible collusion in…
Stellantis Beats Profit Target in First Year After Merger
MILAN—Stellantis made a fast start in its first year after the merger of Fiat Chrysler and Peugeot maker PSA, with the world’s No.4 carmaker reporting profitability and benefits from the combination both ahead of target. The group said on Wednesday the margin on its adjusted operating profit was 11.8 percent in 2021, above its target…
Luxury Carmaker Rolls-Royce to Switch to All Electric Range by 2030
BERLIN—Rolls-Royce will produce only electric cars by 2030, the luxury carmaker said on Wednesday, joining other premium brands making the switch such as Volkswagen’s Bentley and Jaguar’s Land Rover. The BMW-owned brand said in a statement that its first fully electric-powered car, named “Spectre,” will be on the market in the fourth quarter of 2023,…
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