Facing high tariffs and trade barriers in the United States, Chinese automakers are shifting their focus towards Europe for electric vehicle (EV) exports. This strategic move comes as […]
Auto & Crypto Industries Face Unique Challenges
The auto and cryptocurrency industries are grappling with distinct but interconnected challenges, reminiscent of past crises that highlight systemic risks in the rapidly evolving technological landscape.
Volkswagen Singapore Embraces Crypto Payments with FOMO Pay
Volkswagen Singapore is pioneering a new era of car buying by allowing customers to utilize cryptocurrencies for payments. The company has partnered with FOMO Pay, a local firm, […]
Mercedes CEO Raises Concerns About Europe’s Aggressive EV Push
Ola Källenius, CEO of Mercedes-Benz, has expressed skepticism towards the European Union’s plan to ban CO2-emitting vehicles by 2035. He argues that such a move risks severe economic […]
Japan’s Auto Industry Faces Tumultuous Times Amidst US Tariffs
The Japanese auto industry is grappling with a significant upheaval due to U.S. tariffs on vehicles and parts. These tariffs, imposed at 25%, are expected to cost major […]
Chinese Automakers Pledge to Pay Suppliers Within 60 Days
Facing pressure from suppliers and the Chinese government, major Chinese car manufacturers like BYD, Xiaomi, and Chery have agreed to pay their suppliers within 60 days. This follows […]
China’s Rare Earth Control Threatens Global Car Industry
The global automotive sector faces a critical threat as China, the world’s dominant producer of rare earth minerals, tightens its grip on these essential elements. These materials are […]
China’s EV Market Faces Price Wars as Ministry Cracks Down
China’s Ministry of Industry and Information Technology (MIIT) has issued a warning against aggressive price wars impacting the nation’s rapidly growing electric vehicle (EV) market. The MIIT emphasizes […]
China’s EV Market Under Fire as Price Wars Threaten Stability
China’s electric vehicle market is facing an uncertain future, as aggressive price wars driven by industry giants like BYD threaten to destabilize the sector. Industry experts are warning […]
Japan Seeks Trade Talks to Address US Auto Tariffs’ Impact
Japan’s top negotiator for auto tariffs, Ryosei Akazawa, is set to return to the United States on May 30th for a fourth round of trade talks. This follows […]
Japan’s Automakers Brace for $19 Billion Loss Due to US Tariffs
Major Japanese car manufacturers are facing significant financial losses due to the steep tariffs imposed by the United States under President Trump’s trade policies. These tariffs, which have […]
Trump Eases Auto Tariffs, Offering Relief to US Carmakers
President Trump unveiled a plan to reduce the impact of tariffs on imported vehicles and parts for American automakers. Under this proposal, manufacturers will receive credits based on […]
Trump Unveils Auto Tariff Cuts During Michigan Visit: Economic Impact Uncertain
During his visit to Michigan on April 30th, 2025, President Trump announced a new plan to modify existing auto tariffs. This change aims to boost U.S. manufacturing but […]
Trump to Sign Order Modifying Auto Tariffs This Tuesday
President Trump is set to sign an executive order this Tuesday that will alter the automotive tariffs currently in place, according to White House Press Secretary Karoline Leavitt. […]
Tesla Soars as Trump’s EV Changes Spark Stock Market Rally
Tesla stock surged by almost 10% on Friday after President Trump announced a plan to accelerate the development of self-driving vehicles in the US. The changes, spearheaded by […]