Auto
Japan and Asean plan joint strategy on auto production: Nikkei
JAPAN and the Association of South-east Asian Nations (Asean) plan to create their first joint strategy on automobile production and sales within the South-east Asian bloc to counter China’s...
Europe: Stoxx ends lower as auto giants weigh; investors parse inflation data
European shares closed lower on Tuesday (Apr 30) weighed by a bleak raft of earnings reports from the region’s top car makers, while investors also assessed a possible merger...
China’s largest auto show displays all-electric future, local brands dominate
China’s largest auto show opened in Beijing on Thursday (Apr 25) with the biggest names showing off their latest electric vehicles (EVs), underlining how the world’s largest auto market...
‘Grand Theft Auto’ maker Take-Two to let go 5% of staff, scrap some projects
TAKE=TWO Interactive Software will lay off about 5 per cent of its workforce, or around 600 employees, the publisher of the Grand Theft Auto franchise said on Tuesday, as...
China has been closing idled auto output capacity, industry body says
CHINA’S auto factories had a capacity utilisation rate of more than 70 per cent in 2023 and idled capacity is being closed, a senior official of the China Association...
Toyota reports 20% jump in first-quarter US auto sales
TOYOTA Motor North America (TMNA) reported an about 20 per cent rise in first-quarter US auto sales on Tuesday (Apr 2), helped by demand for its affordable sedans, crossovers...
Germany’s BMW, India’s Tata Tech to jointly develop auto software
BMW Group and Tata Technologies will form a joint venture to develop automotive software for the German luxury carmaker, the Indian engineering services company said on Tuesday (Apr 2).India...
Nvidia expands ties with Chinese EV makers as auto AI race heats up
NVIDIA said on Monday it is expanding its collaborations with BYD and other Chinese automakers that are racing to build self-driving vehicles and AI-augmented infotainment technology to compete in...
