Volvo Cars is being pushed to strengthen collaboration across its global network as competitive pressures mount in the electric vehicle market, with Geely Holding chairman Li Shufu calling for deeper integration between the Swedish automaker and its sister brands. Speaking at the company’s
China has warned that it may take countermeasures after Mexico imposed sweeping tariff increases on a wide range of Chinese imports, escalating trade tensions between the two economies. Beijing described the measures as barriers to trade and investment, arguing they disproportionately affect Chinese
As Germany’s Chancellor Friedrich Merz travels to China accompanied by senior business leaders, Mercedes Benz has underlined the importance of maintaining strong personal relationships to safeguard long term economic cooperation between Europe and Beijing. The German automaker emphasized that direct dialogue and face
Volkswagen is preparing a broad cost reduction strategy aimed at cutting expenses by 20 percent across all its brands by the end of 2028, according to German business media reports, as Europe’s largest automaker seeks to navigate mounting global challenges including weaker demand
China has overtaken Argentina to become Brazil’s largest exporter of vehicles, marking a major shift in South America’s automotive trade landscape and highlighting the rapid rise of Chinese carmakers in the region’s biggest market. Industry data for January shows Chinese manufacturers shipping more
Toyota Motor has appointed its finance chief, Kenta Kon, as its next chief executive officer, signalling a strategic shift as the world’s largest automaker faces intensifying competition from rapidly advancing Chinese rivals. The leadership change, announced on Friday, will take effect on April
Chinese automaker Chery has confirmed that it will begin producing vehicles in Spain later this year, following a series of delays that have pushed back what will be the company’s first manufacturing operation in Europe. Senior executives said the project remains firmly on
Chinese electric vehicle manufacturers are intensifying efforts to expand into Western markets as trade conditions begin to ease and global demand for competitively priced EVs grows. Recent progress in resolving the long running China EU dispute over electric vehicle subsidies has improved the
