The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.
Chinese EV makers BYD, Geely, and SAIC contested EU's import duties at Court of Justice. Tesla excluded from tariffs, gaining only 7.8% tax.
Tesla is challenging the European Union in court over the tariffs imposed on its Chinese electric vehicles despite getting
The European automotive industry faces rising tensions as BMW and Tesla Shanghai file lawsuits against the European Commission
Tesla's legal challenge is in response to the EU introducing tariffs at the end of October of 7.8 percent on Tesla's China-made vehicles. The bloc has also set tariffs of up to 35.3 percent on other China-made EVs. The new tariffs come on top of a 10 percent standard import tariff that was already in place for electric vehicle imports into the EU.
The Mitsubishi Skills Olympics is an annual event hosted by MMPC showcasing the skills and expertise of its dealer personnel. This also serves as a platform to pick out the participants that will best represent the company to Mitsubishi Motors Corporation’s (MMC) Global Service Skills Competition in Japan.
Meanwhile, Lexus also booked an all-time sales record with deliveries up 3.3 percent to 851,214 vehicles in 2024. This was led by North America with a 6.7 percent gain (355,606 vehicles)—42 percent of its global sales volume. China was second.
SAIC Motor Corp., the Chinese partner of General Motors Co., said preliminary profit for 2024 may plummet by as much as 90% due to a writedown of the US carmaker’s joint venture in the nation and a bruising price war.
Chinese EV titans BYD, Chery and Great Wall Motor (GWM) are preparing a fusillade ... knowledge as they laid the groundwork to take on Tesla and legacy automakers, the sources said.
With more than 40,000 sales in its debut year, the ID.7 is off to a strong start, and newly boosted by the addition of an estate.
Jato Dynamics reports that Europe’s new passenger car market grew by 0.9% in 2024, with 12,909,741 registrations.   Despite the slight