Industry News
China has reacted to a trade dispute instigated by the European Union (EU) by filing a complaint with the World Trade Organization (WTO) over the EU’s new tariffs on Chinese electric vehicle (EV) imports. China’s Ministry of Commerce claims these tariffs...
By DCB Editorial
November 5, 2024
Ford Motor Company is set to temporarily halt production of its F-150 Lightning electric truck from November 18 to January 6, 2025, aiming to optimize production for growth and profitability. This six-week pause, along with...
By DCB Editorial
November 1, 2024
Abu Dhabi-based investment firm CYVN Holdings has signed a non-binding agreement to acquire 100% of McLaren Automotive from Bahrain’s sovereign wealth fund, Mumtalakat Holding. This strategic acquisition will provide McLaren Automotive with a significant capital infusion, cutting-edge engineering expertise, and access to advanced electric vehicle (EV) technology. Additionally,...
By DCB Editorial
October 30, 2024
Porsche has announced plans to relocate production of its Cayman and Boxster models from the Osnabrück plant in Germany to its main facility in Zuffenhausen by Easter 2026. This decision raises concerns about the future...
By DCB Editorial
October 11, 2024
British luxury carmaker Aston Martin issued a stark warning on Monday, reporting a sharp decline in annual profits and lowering its production forecasts due to supply chain issues and weak performance in the Chinese market....
By DCB Editorial
October 9, 2024
The U.S. Securities and Exchange Commission (SEC) is investigating Fisker Inc., the bankrupt electric vehicle (EV) manufacturer. According to a filing made on Friday, the regulator has issued multiple subpoenas to the company. Fisker filed...
By DCB Editorial
October 7, 2024