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Auto Industry

Volkswagen struggles deepen as quarterly profit drops

Volkswagen’s future is at risk without additional cost-cutting measures, the struggling German automotive giant warned on Thursday, after reporting a sharper-than-expected decline in profits as mounting headwinds continue to pressure the company.

30 Apr 2026-13:22
Stellantis Q1 profit nearly triples, beats forecasts

Stellantis said Thursday that its adjusted operating income nearly tripled in the first quarter of this year, surpassing market expectations, driven by sales growth across all regions, particularly in its key North American market.

30 Apr 2026-10:21
China's Changan targets Top-10 global carmaker status by 2030

China’s Changan said on Tuesday that it aims to become one of the world’s top-10 automakers by 2030, while increasing its global sales by more than two-thirds, joining other Chinese carmakers setting ambitious expansion targets overseas.

21 Apr 2026-12:29
China's Camco Motors expands footprint in Zambia

Chinese automaker Camco Motors has expanded its presence in Zambia by launching several new vehicle brands at a newly opened showroom in the capital, Lusaka.

20 Mar 2026-21:39
Hybrid cars dominate EU sales despite slow market

Hybrid-electric vehicles overtook purely petrol-powered cars as the most popular powertrain choice among consumers in Europe last year, data released on Tuesday showed.

27 Jan 2026-12:31
Changan vs BYD: how two Chinese automakers are redefining the global car market

06 Jan 2026-14:04
China's Leapmotor aims for 4M annual EV sales in a decade

Chinese electric vehicle (EV) maker Leapmotor announced on Monday that it expects to sell more than 4 million vehicles annually within the next decade, CEO Zhu Jiangming said.

29 Dec 2025-11:19
EU sets recycled plastic targets for cars

European carmakers will soon be required to use more recycled plastics in new vehicles under provisional EU rules agreed on Friday by member states and lawmakers.

12 Dec 2025-16:50
BMW taps Milan Nedeljkovic as new CEO amid challenges

BMW announced Tuesday that its head of production, Milan Nedeljkovic, will become the company’s next chief executive, as the German automaker navigates challenges including the shift to electric vehicles and rising competition in China, News.Az reports, citing foreign media.

09 Dec 2025-17:46
Toyota unveils GR GT supercar, race car prototypes - VIDEO

Toyota Motor Corp. unveiled prototypes of its new GR GT supercar and GR GT3 race car on Friday, both expected to launch around 2027.

05 Dec 2025-11:51

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