Automotive Industry News and Market Updates
Jaguar Land Rover posts quarterly loss after restructuring charges and China pressure
Jaguar Land Rover swings to a quarterly loss after booking major restructuring costs tied to thousands of job cuts. The result comes as the carmaker faces weaker sales in China and the Middle East ...
Honda Canada secures public funding for Ontario hybrid vehicle retooling
Canada is expanding support for domestic auto manufacturing with new funding tied to Honda’s upgrade of its Alliston, Ontario, plant. The combined federal and provincial backing is aimed at ...
Canada wholesale sales rise in September as machinery and auto subsectors lead gains
Canada's wholesale sector extends its upward trend in September, with sales excluding petroleum and grain categories increasing 0.7% to $92.5 billion. The advance is led by machinery and ...
BYD launches Denza in India’s luxury car market
India’s small but higher-margin luxury vehicle segment is drawing more global competition as automakers chase affluent buyers. BYD is expanding its premium push in the country with two Denza ...
China car sector builds global EV edge with low-cost brands
China’s auto industry shifts from a once-vulnerable domestic market into a major force in affordable electric vehicles. The change follows decades of concern that lower import tariffs after the ...
Tata Motors passenger vehicle unit posts quarterly loss as JLR restructuring costs weigh
Higher exceptional charges and continued pressure at Jaguar Land Rover push Tata Motors' passenger vehicle business into a consolidated loss in the July-September quarter. The result comes as ...
Canada threatens legal action over Stellantis Brampton plant sale
Canada is escalating its dispute with Stellantis after the automaker moved to sell its idled Brampton, Ontario, assembly plant and shift planned Jeep Compass production to Illinois. The clash adds ...
Philippines car market shifts toward fuel-efficient models as electrified vehicle demand rises
Filipino car buyers are weighing a broader mix of technologies as higher fuel costs and changing vehicle options reshape purchase decisions. The shift is emerging even as overall vehicle sales ...
Volkswagen China EV sales surge nearly 350% despite fierce local competition
Volkswagen reported record monthly sales of electric and plug-in hybrid vehicles in China in October, offering an early indication that its efforts to regain ground in the world's largest auto ...
