May car exports fell 4.4% ($6.2B) as US tariffs slashed shipments by 27%. Hybrids hit record 75K units amid shifting global demand. South Korea’s car exports shrank more than 4 per cen... Read more
Automotive parts maker Marelli, which is owned by private equity firm KKR, has filed for bankruptcy while negotiating with lenders about debt proceedings, but expects no disruption to servic... Read more
Mazda has announced a major recall of over 183,000 vehicles in the US due to serious safety concerns. The National Highway Traffic Safety Administration (NHTSA) issued notices about the reca... Read more
The Tucson has been named the best SUV in the $25,000 to $30,000 new car price range Hyundai Motor Group has claimed seven out of 12 categories in US News & World Report’s Best Cars for... Read more
Overall, South Korea intends to allocate 28.6 trillion won in emergency funds and financial assistance to support its exporting businesses. The South Korean government plans to provide 250 b... Read more
The problems Kyowa and other auto suppliers face illustrate a decades-long shift in Japan, which no longer floods the world with chips. Four decades ago, Hiroko Suzuki’s father threaded the... Read more
Jaguar Land Rover, a leading UK-based automaker, has confirmed that it has no plans to set up vehicle manufacturing plants in the United States. The decision comes in the wake of US Presiden... Read more
US-UK trade deal reduces tariffs on vehicles and steel imports with immediate effect, offering some relief for carmakers – but further details remain unclear. The US and the UK have reached... Read more
The mysterious core segment vehicle is set to go into production in 2027 and could be the GLC Mercedes has a massive U.S. plant, but the company imports a majority of vehicles sold in the co... Read more
Package includes support for corporate financing, and subsidies to lower petrol prices and partially cover electricity bills. Japanese Prime Minister Shigeru Ishiba has announced emergency e... Read more