Major auto companies have announced layoffs. According to a report from Reuters, citing sources, Porsche AG has decided to cut an additional 1,900 jobs across the company in the next four years after determining that a previously implemented program was insufficient. As noted by the report, Porsc...

According to a Reuters report citing sources, following the reported termination of merger talks between Nissan and Honda, Nissan is now actively exploring new partnerships, with Taiwan's Foxconn emerging as a contender. As the report notes, Nissan is interested in partnering with technology firm...

According to Kyodo News citing sources, Nissan Motor's President informed Honda Motor on Thursday of the company's intention to terminate merger talks, marking the end of an initiative that could have established the world's third-largest automotive group. If Nissan's decision to terminate merg...

According to a report from MyDrivers, citing Reuters, sources suggest that Chinese automakers are closely monitoring Volkswagen Group’s plans to shut down its factories in Germany. Acquiring one of these facilities could offer Chinese carmakers a valuable opportunity to enhance their presence with...

According to a report from Central News Agency, China's automotive leader BYD announced on the 1st that its 2024 new energy vehicle (NEV) sales reached 4.272 million vehicles, marking a substantial 41% YoY increase and setting a new historical high. The growth is primarily attributed to the surging ...