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Japan automakers will invest $4.3 billion in Thailand over 5 years. On Monday, a representative for the Thai government said that major Japanese automobile...
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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle
- Business
US Considers Criminal Prosecution for Boeing in Wake of 737 Max Crashes
Easing Inflation in the US Spurs Debate on Interest Rate Cuts
Anglo American, UK Mining Giant, Set to Divest De Beers Diamond Business
Navigating the Resilience of UK Wage Growth Amidst Surging Unemployment
Sony’s PlayStation Appoints Joint CEOs Following Jim Ryan’s Retirement
- Entrepreneurship
Mastering Influencer Collaboration: 5 Keys for a Successful Marketing Program
COP28: UAE signs deal with Bill Gates’ nuclear company on advanced reactors
SpaceX’s Martian Dream: Inside Elon Musk’s Mars Colonization Strategy
Nippon Life to buy Nichii Holdings for about $1.41 bln – Nikkei
US retailers hope to draw picky Black Friday shoppers to stores
- Technology
Strong Belief: BAE Systems Confidently Anticipates Growth in UK Defence Firm
Huawei’s Latest Phone Embraces Increased Use of China-Made Components, Memory Chip Included
Toyota Anticipates Earnings Boost from Hybrids Amid Cooling EV Enthusiasm
Apple Introduces New AI-Focused Chip in Upgraded iPad Pro Announcement
Ferrari Shares Fall Despite Company Maintaining Full-Year Forecasts
- Economy
FAA Delays Implementation of New Air Traffic Control Rest Requirements in the US
Ukraine’s Economy Faces Lasting Disruption as War Alters Landscape
Trump Pledges to Combat “Anti-White Sentiment” in the US: Allies Unveil Strategy
Hungary Eyes Defense Budget Hike for 2025 if Ukraine Conflict Lingers, PM Orban Confirms
US Decision on Alaska Wilderness: Restrictions on Drilling and Mining Draw State Ire
- Politics
Abbott Stands Firm: Defending Decision to Send Migrants to New York
Ohio Republican Raises Concerns: Russian Talking Points Heard on House Floor
Rwanda Remembers Genocide: Kagame Laments World’s Lack of Response
US-China Relations Strengthen: Yellen Highlights More Stable Footing
Vermont Office Fire: Man Arrested in Connection with Bernie Sanders Incident
- Finance
Latest Trend: US Salaries Soaring for Fully In-Office Positions
Exclusive: China’s top banks tighten exposure to smaller peers to curb credit risk
Dollar wobbles in thin trading; yen firms
Ukraine received $1.34 bln under World Bank project – finance ministry
Russian central bank says it needs months to make sure CPI falling before rate cuts
- Cryptocurrencies
Hong Kong Poised to Greenlight First Bitcoin ETFs in April, Insider Sources Reveal
Ripple to buy back $285 million of its shares, valuing company at $11 bln – sources
Could-be spot bitcoin ETF issuers start fee fight before approval deadline
S.Korea regulator to take innovation more into account on crypto regulations
Cryptoverse: Bitcoin defies its doubters in 2023
- Lifestyle
Meghan’s Lifestyle Brand Takes Off with Its Premier Product
Female Power: Songwriter Conquers Male Competition in Video Gaming
Ukrainian Amputee’s Survival: The Inspirational Role of His Wife’s Voice
Wendy Williams Expresses Gratitude to Fans for Support Following Dementia and Aphasia Diagnosis
Harmonizing with Nature: Festivals Striving for More Sustainable Rock Experiences
- People
UK’s King Charles urges compassion and care for the environment in times of conflict
In Christmas Day message, pope decries Gaza’s ‘appalling harvest’ of civilian deaths
An ex-FBI official is to be sentenced in the US over work for Russia’s Deripaska
A Ukrainian teen returns to Ukraine after being taken to Russia from occupied Mariupol
Gaza activists on a speaking tour in France were detained, awaiting deportation
All posts tagged "Auto Makers"
Business
According to a statement released by a spokeswoman on Monday, the small vehicle division of Toyota Motor (7203.T), known as Daihatsu Motor, would reimburse...
Business
The supervisory board of Volkswagen (VOWG_p.DE) has agreed to connect managers’ incentives to the firm’s absolute net cash flow beginning in 2024. According to...
Business
The German manufacturer BMW Group (BMWG.DE) said on Thursday that it had been granted a test license for level 3 autonomous driving on high-speed...
Business
During a presentation on Wednesday, Renault revealed that its long-standing partners Nissan (7201.T) and Mitsubishi (7211.T) have not changed their plans to invest in...
Business
On Wednesday, the Japanese manufacturer of speed reducers, Harmonic Drive Systems (6324.T), announced that Toyota Motor (7203.T) will sell its full ownership in the...
Business
The Moskvich automobile, which was manufactured during the Soviet period, made its debut on the list of the top 10 best-selling brands in Russia...
Business
Toyota plans to expand battery EV line-up in Europe to six models by 2026. On Monday, Toyota Motor (7203.T) said it will expand its...
Business
EV charging growth plans are slowed by the EU’s power grid problems. There are around 1,600 charging stations in Spain owned by Repsol (REP.MC),...
Business
Following the highly anticipated unveiling of its Cybertruck, Tesla shares (TSLA.O) saw a decline of around 2% on Friday. This was because analysts were...
Business
Toyota Group will sell the Denso stake as the component maker looks to buy back shares. According to the closing share price on Wednesday,...
Business
Hota Industrial Mfg. Co. has been manufacturing gears, shafts, and other auto components in Taiwan for many years. These parts have been supplied to...
Business
According to two people familiar with the situation, Toyota (7203.T) group firms want to reduce their stakes in car supplier Denso (6902.T) by selling...
Economy
U.N.-led talks weigh goal to reduce aviation emissions thorough less-polluting fuels. On Friday, a conference in Dubai that the United Nations presides over will...
Business
Nio (9866. HK), a Chinese electric car manufacturer operating at a loss, announced on Tuesday that it would collaborate with Changan Automobile (000625. SZ)...
Business
Car manufacturer Stellantis (STLAM.MI) and Chinese electric vehicle battery giant CATL (300750. SZ) said on Tuesday that they had signed a preliminary deal for...
Business
A federal appeals court has said that Tesla Inc. (TSLA.O.) did not violate U.S. labor law when it forbade employees at its central Fremont,...
Business
The next generation of the Toyota Camry, the best-selling car in the U.S. market, will only be available with a gas-electric hybrid powertrain. This...
Economy
EV demand in Europe is slowing as customers await affordable electric cars. Europe’s sales of electric cars seem to be slowing down after years...
Business
Tesla plans to double its component imports from India. According to a post on social media platform X on Tuesday, Indian Trade Minister Piyush...
Business
Fisker (FSR.N), an electric car startup, reported a lack of internal controls over financial reporting and lowered its production projection for 2023 on Monday....
Business
As the carmaker transitions away from gasoline-powered automobiles, Hyundai Motor Co. (005380. K.S.) began construction on Monday on a factory in South Korea dedicated...
Business
According to a story from the Handelsblatt published on Monday, which cited an internal corporate podcast as its source, Volkswagen (VOWG_p.DE) might eliminate administrative...
Business
According to comments made by the airline’s chief operating officer on Monday, the newest airline in Saudi Arabia, Riyadh Air, continues negotiating with aircraft...
Uncategorized
Ford’s Chicago plant UAW workers vote to ratify the deal with the automaker. A proposed contract with Ford Motor Company (F.N.) has been endorsed...
Business
Continental boosts earnings on higher pricing and lower inventories. Following successful price negotiations, fewer inventories, and stabilized supply chains, Continental (CONG.DE) posted results aligned...
Business
On Wednesday, Toyota Motor (7203.T) significantly increased its full-year projection and more than quadrupled its earnings for the second quarter, citing strong global sales...
Business
Due to production problems with its new DB12 sports vehicle, British luxury automaker Aston Martin (AML.L) reported a more considerable than anticipated quarterly loss...
Economy
Iveco Group (IVG.MI), an Italian manufacturer of trucks and buses, increased its 2023 guidance on Wednesday for the third time this year following the...
Business
Great Wall Motor, a Chinese automaker, said it has formally filed its comments to the anti-subsidy inquiry that the European Commission is conducting into...
Business
According to a business letter, Toyota Motor (7203.T) of Japan is pleading with the Indian government to reduce taxes on hybrid automobiles by as...
Business
Following ElectraMeccanica’s (SOLO.O) decision earlier this month to withdraw their proposed agreement, British electric truck manufacturer Tevva “re-engaged” with several potential merger partners and...
Technology
According to information on Thursday’s electric car manufacturer’s website, the Model X Plaid all-wheel drive in the United States has climbed from $89,990 to...
Technology
Infineon, a German chipmaker, announced on Wednesday that it has reached a multi-year arrangement with Hyundai and Kia to supply power semiconductors to assemble...
Business
On Thursday, Kia Corp (000270. KS) showcased three new small-to-medium-sized electric vehicles (EVs) to further its electrification strategy. In an all-out effort to meet...
Economy
The union representing Kia Corp (000270. KS) in South Korea said it would put off its earlier Wednesday scheduled partial walkout to continue its...
Business
According to a framework agreement with the German military, Rheinmetall (RHMG.DE) secured another order for artillery ammunition for Ukraine. By the most recent call-off,...
Natural Resource Management
Explore Elon Musk’s game-changing impact on Renewable Energy and Solar Power. Learn how Musk’s vision is reshaping the energy landscape. KEY TAKEAWAYS Innovation...
Business Expansion
Explore the groundbreaking Neuralink startup by Elon Musk, delving into brain-computer interface technology’s revolutionary potential. KEY TAKEAWAYS Neuralink’s Mission: Neuralink, led by Elon...
Entrepreneurship
Discover how Elon Musk’s Boring Company is revolutionizing urban mobility with tunneling technology for traffic alleviation. KEY TAKEAWAYS Innovative Tunneling Technology: The Boring...
Business
Lucid opened its first international EV factory in Saudi Arabia. A pact to advance Saudi Arabia’s push toward electrification saw electric car manufacturer Lucid...
Business
Ford Motor (F.N) halted development on a $3.5 billion electric car battery facility in Michigan on Monday, citing worries about its ability to operate...
Business
Top-end, electrified Mercedes sales grow in Q2. Mercedes-Benz, a renowned luxury automobile manufacturer, has witnessed a significant surge in sales during the second quarter,...
Auto Repair
U.S. government requests Tesla’s Autopilot probe updates. The U.S. agency responsible for auto safety has sought updated responses from Tesla as part of an...
Technology
On Monday, Kuniko (KNI.AX) announced an offtake and equity investment deal with automaker Stellantis (STLAM.MI) to boost its Norwegian battery metals initiatives. Kuniko said...
Business
Nissan (7201.T) shareholders re-elected its CEO and other board nominees at an annual meeting on Tuesday, days after senior management split amid claims of...
Business
On Monday, British luxury manufacturer Aston Martin (AML.L) announced a deal to give U.S. electric vehicle (EV) maker Lucid Group (LCID.O) a 3.7% share...
Business
Rivian (RIVN.O) has purchased Swedish EV route planning software developer Iternio to add its technology to its electric trucks and SUVs and utilize its...
Technology
Mercedes drivers will soon use ChatGPT voice control. ChatGPT is becoming mobile. Mercedes-Benz (MBGn.DE) announced Thursday that ChatGPT might power some of its luxury...
Business
According to its website, Tesla Inc (TSLA.O) raised the US pricing of its Model Y electric car on Tuesday. The website showed that the...
Business
BYD’s sole agent announced on Wednesday that two showrooms and a service center in Hong Kong have reopened after being vandalized earlier this week....
Business
EV charging body says Tesla’s charger connector is unstandardized. On Monday, CharIN, the industry group promoting the Combined Charging System (CCS) standard to charge...
Business
Two sources close to Volkswagen (VOWG_p.DE) said Monday that the supervisory board would meet on Tuesday to discuss a savings program ahead of its...
Business
As criticism mounts over financial losses and lackluster sales, Chinese electric vehicle producer Nio (9866. HK) announced Monday that it would decrease pricing for...
Business
On Thursday, Lucid Group’s president of China operations, Zhu Jiang, said the company is poised to join the world’s largest auto market. A non-media-authorized...
Business
Chongqing Changan Automobile (000625. SZ) rejected local media reports that it arbitrarily lowered supplier payments by 10% in a statement to Reuters on Wednesday....
Business
On Monday, the China Passenger Car Association (CPCA) said that Tesla Inc. (TSLA.O) delivered 77,695 China-made EVs in May, up 2.4% from April. Sales...
Business
Volvo automobiles (VOLCARb.ST) sold 60,398 automobiles in May, up 31% year-over-year. The 31% increase follows a difficult 2022, when COVID-19 lockdowns in China, chip...
Technology
Institutional Shareholder Services (ISS) advised Toyota Motor Corp (7203.T) shareholders to support a resolution demanding the carmaker to disclose its climate change advocacy. ISS...
Business
Mahindra’s Q4 profit climbs 22%, declares dividend On Friday, Mahindra & Mahindra Ltd. (MAHM.NS) reported a 22.1% increase in fourth-quarter profit, led by SUV...
Auto Repair
On Thursday, Great Wall Motor (601633. SS) reported BYD (002594. SZ) to China’s regulators, alleging that its two top-selling hybrid models did not fulfill...
Business
On Tuesday, Tesla (TSLA.O)’s website listed China-made Model 3 and Model Y cars for sale in Canada, confirming its first shipments to North America...
Auto Repair
After months of negotiations with Russian authorities, Volkswagen (VOWG_p.DE) sold its Kaluga production plant and local companies on Friday. VW said VW sold its...
Business
Hyundai, Kia settle US car thefts for $200 million. On Thursday, lawyers for Hyundai Motor (005380. K.S.) and Kia Corp (000270. K.S.) announced a...
Business
Indian officials discussed Tesla’s automobile and battery incentives. A source familiar with this week’s conversations told Reuters that Tesla Inc (TSLA.O) had inquired how...
Auto Repair
On Thursday, Toyota Motor Corp (7203.T) and two allies introduced a micro-sized electric vehicle for Japan’s delivery industry during the G7 meeting in Hiroshima....
Business
Tesla’s new factory proposal in India revives market negotiations. According to someone familiar with the situation, Tesla Inc (TSLA.O) has proposed building a factory...
Business
Musk claims Tesla won’t survive a harsh economy. Tesla Inc. (TSLA.O) CEO Elon Musk cautioned that the global economy will be tough for the...
Business
BYD Co Ltd (002594. SZ), China’s largest electric vehicle maker, has created a new division and hired thousands to catch up in autonomous driving....
Auto Repair
On Wednesday, VinFast’s creator predicted it would break even by 2024. Pham Nhat Vuong, chairman of Vingroup (VIC.HM) and founder of VinFast, told investors...
Auto Repair
When Tesla Inc. (TSLA.O) introduced its new vehicle-assembly system in March, auto industry experts debated whether CEO Elon Musk’s “unboxed” technique was radical, revisionist,...
Auto Repair
Rivian Automotive Inc (RIVN.O) surged 7% on Wednesday as its good profits stood out in a terrible quarter for electric-vehicle startups, but analysts cautioned...
Business
On Wednesday, Honda Motor Co (7267.T) announced a strategic partnership agreement with Taiwan Semiconductor Manufacturing Co (TSMC) (2330. TW) to ensure a reliable semiconductor...
Business
Tesla prepares China-to-Canada Model Y shipment. According to a person with firsthand knowledge and a production letter seen by Reuters, Tesla has started manufacturing...
Auto Repair
In what appears to be the first trial involving Tesla’s Autopilot feature, jurors told Reuters that the electric-vehicle maker clearly warned that the partially...
Auto Repair
On Saturday, data indicated that Tesla’s market share in California dropped in the first quarter despite significant price cuts as rivals stepped up. According...
Business
CEO believes Ford must rebrand for China as EVs rise. Chief Executive Jim Farley said Ford Motor Co. (F.N.) must rebrand for China’s growing...
Business
On Thursday, the California attorney general and 17 other states requested a federal regulator to recall Hyundai and Kia automobiles because they lack safety...
Business
In the world’s largest auto market, automakers competed to attract drivers with amenities like crystal balls, in-car karaoke systems, and 3D dashboards at the...
Auto Repair
On Thursday, Chinese online users accused German automaker BMW (BMWG.DE) of discrimination at the Shanghai auto show after workers at its Mini stand gave...
Business
Nissan launches EV for China to compete in the top auto market. On Tuesday, Nissan Motor (7201.T) presented a new electric SUV at the...
Auto Repair
New battery sourcing restrictions would deny Volkswagen, BMW, Nissan, Rivian, Hyundai, and Volvo electric vehicles a $7,500 tax credit, the U.S. Treasury announced Monday....
Auto Repair
VinFast, a Vietnamese electric vehicle producer, shipped a second batch of 1,879 longer-range VF 8 SUVs on Monday to expand into international markets. VinFast,...
budgeting
Tesla Inc.’s (TSLA.O) first-quarter margins are expected to hit a three-year low as the electric-vehicle maker cut prices to attract more buyers in a...
Business
According to online posts and workers, Tesla (TSLA.O) Shanghai manufacturing workers are using social media to appeal to Elon Musk and the Chinese public...
Business
Indonesia’s investment minister stated Volkswagen would establish an electric vehicle (E.V.) battery ecosystem alongside Vale, Ford, and Zhejiang Huayou Cobalt. Automakers want Indonesia’s raw...
Business
On Friday, Indian carmaker Tata Motors (TAMO.NS) announced a second price rise this year due to rising input costs and regulatory changes making car...
Auto Repair
On Thursday, Volkswagen’s (VOWG_p.DE) software business, Cariad, announced a 51% joint venture with ThunderSoft for Chinese connection and infotainment systems. “The needs and requirements...
Auto Repair
Renault (RENA.PA) signed a long-term contract with French startup Verkor to create 12 GWh of electric batteries per year, including for its Alpine microcar....
Auto Repair
Chinese electric vehicle maker Zeekr launched a compact, all-electric sport utility vehicle, targeting a premium market in China that German automakers have dominated. The...
Business
On Wednesday, Mercedes-Benz Group (MBGn.DE) reported that EV and luxury car sales increased marginally in the first quarter. Europe grew 8% to 503,500 automobiles....
Business
Ford Motor Co. (F.N.) announced Tuesday that it would begin retooling its Oakville, Ontario SUV assembly factory to make electric vehicles next year, meeting...
Business
On Tuesday, Ferrari announced a partnership with Samsung Display to employ OLED display panels in future cars. Chief Executive Benedetto Vigna stated that the...
Business
Hyundai Motor Group announced on Tuesday that it will invest 24 trillion won ($18.14 billion) in South Korea’s electric vehicle (EV) sector through 2030...
Business
The head of a U.S. congressional committee on China raised concern about Tesla Inc.’s (TSLA.O) dependency on China a day after the firm unveiled...
Auto Repair
Tesla Inc (TSLA.O) tweeted on Sunday that it will construct a Shanghai facility to produce 10,000 Megapack energy products per year to support its...
Business
A California Tesla owner filed a class action lawsuit against the electric manufacturer on Friday for violating consumer privacy. Reuters revealed Thursday that Tesla...
Business
Toyota Motor Corp (7203.T) will launch ten new battery-powered vehicles and seek to sell 1.5 million E.V.s a year by 2026 to catch up...
Auto Repair
Tesla (TSLA.O) cut U.S. prices by 2% to roughly 6% on Thursday, extending a negotiation effort that might hurt profitability. The sixth dip in...
Business
Four sources said Toyota Motor Corp (7203.T) is considering a manufacturing floor makeover as it plans a switch to a specialized battery electric car...
Business
Ford Motor Co. (F.N.) introduced a new electric Courier van to compete with Arrival S.A. and other electric van startups for European business clients....
Breaking News
The 123rd annual New York International Auto Show, which takes place from April 7–16 at the Jacob K. Javits Convention Center in Manhattan, is...
Auto Repair
On Wednesday, Volvo Car AB (VOLCARb.ST) said that its March sales rose 10% to 162,938 automobiles, boosted by its completely electric cars. In the...
Business
Tesla (TSLA.O) cautioned that its “sentry mode” may breach German data privacy rules after vzbv sued it for not revealing that it gathers a...
Business
After the market-shaking Swiss action to cancel Credit Suisse notes, Mitsubishi UFJ Financial Group Inc (8306.T) would delay the selling of Additional Tier-1 (AT1)...
Auto Repair
On Saturday, a top Volkswagen AG (VOWG p.DE) China official reaffirmed the German automaker’s commitment to accelerate electrification in the world’s second-biggest economy despite...
Auto Repair
Honda Atlas Vehicles Pakistan Ltd. (HATC.PSX) extended its longest factory stoppage to 15 days on Friday, blaming the country’s economic difficulties, limits on import...
Auto Repair
BMW (BMWG.DE) relies on efficient design and recycling to lower battery prices, its finance head said on Friday, unlike other competitors investing in mining....
Auto Repair
Tesla Inc. (TSLA.O) announced a $7,500 tax credit for its Model 3 ear-wheel drive would be lowered by March 31, pending U.S. Treasury Department...
Business
On Friday, a source told the Wall Street Journal that Rivian Automotive Inc. (RIVN.O) is moving elements of its manufacturing engineering team to Illinois...
Entrepreneurship
Ford Motor Co (F.N.) said Friday that its BlueOval City facility in western Tennessee would create up to 500,000 electrified trucks annually. Ford’s Project...
Business
On Thursday, the Ministry of Industry and Information Technology stated China would stabilize vehicle, consumer electronics, and home appliance consumption and increase green construction...
Business
On Thursday, VinFast said it would start delivering its new electric SUVs to local and abroad clients this week in the following months. VinFast,...
Business
On Tuesday, Tata Motors (TAMO.NS) announced a 5% pricing increase for commercial cars to meet new emission standards. The business said in an exchange...
Business
On Tuesday, the European Court of Justice (ECJ) decided that Mercedes-Benz (MBGn.DE) must compensate customers whose unlawful cutoff mechanisms in diesel vehicles have harmed....
Business
According to Reuters, BYD (1211. HK), the world’s best-selling electric car company, has cut shifts at two Chinese auto assembly factories. BYD, which outsells...
Business
The CEO of Stellantis (STLAM.MI) luxury brand Maserati wants to improve its operating profit margin to 15% in 12 months and 20% by the...
Business
A coalition of 22 U.S. state attorneys general asked Hyundai Motor (005380. KS) and Kia Corp (000270. KS) on Monday to do more to...
Business
VinFast, a Vietnamese EV startup, announced Friday that three top sales and customer-service executives departed this week. The ambitious Vietnamese automaker’s management changes continue....
Business
Volkswagen (VOWG p.DEtechnology )’s board member aims to invest in mines to lower battery cell prices, fulfill half of its own needs, and sell...
Economy
On Thursday, technicians at Nissan Motor Co. (7201. Smyrna)’s Tennessee facility voted against establishing a union. According to the U.S. National Labor Relations Board,...
Business
After suffering a loss of about 700 million euros ($742 million) due to the effects of Moscow’s conflict in Ukraine, the Czech automaker Skoda...
Business
Six of Volkswagen’s executive face criminal charges in ties with the company’s emissions-cheating scandal. Of the six executives, one is the former head of...
Technology
Global warming exists. The more fossil fuels we use the more our ozone disintegrates. We must start imposing stricter environmental policies in an attempt...