Automotive Industry
Honda India domestic car sales jump 48 percent in July
Honda Cars India experienced a 48.5% surge in domestic sales in July 2026, reaching 6,014 units amidst a broader wave of automotive industry growth.
Volkswagen eyeing up to 100,000 layoffs and closure of four German plants
Volkswagen is considering a massive workforce reduction and the closure of four German plants to address declining profits and sales. The proposal faces intense opposition from labor unions and could significantly impact the European automotive sector.
Volkswagen planning to cut up to 100,000 jobs globally
Volkswagen is weighing a reduction of up to 100,000 jobs to address declining profits and operational costs that remain higher than those of rival manufacturers. The proposed restructuring includes potential factory closures and significant production cuts, facing strong opposition from labor unions.
Geely to launch E2 electric hatchback in South Africa this April
Geely is set to introduce its E2 electric hatchback to South Africa in 2026 as it aims to increase its market share. The vehicle will compete with budget-conscious models like the BYD Dolphin Surf.
Fifth-gen BMW X5 unveiled with 5 different powertrains
BMW has unveiled the fifth-generation X5, featuring a diverse array of engines ranging from mild-hybrid variants to the innovative iX5 Hydrogen fuel-cell model. This redesign introduces significant changes to cabin architecture and removes third-row seating.
BYD offers full refunds after selling 1,265 vehicles with wrong model years
BYD has committed to providing full refunds to 1,265 Australian customers after the manufacturer admitted to selling 2025-built cars marketed as 2026 models.
Tesla shares slide 8 percent despite beating quarterly delivery targets
Tesla shares fell sharply despite exceeding quarterly delivery targets as investors reevaluate the company's valuation tied to AI and autonomous technology.