Geely Chairman and founder Li Shufu warned that the global automotive industry is facing “serious overcapacity” and announced that the Chinese automaker will not build new factories or expand existing ones. His remarks came during...

Marelli, a key automotive parts supplier owned by U.S. vulture equity firm KKR, is considering filing for Chapter 11 bankruptcy protection in the U.S., according to industry sources. The move is seen as a contingency...

Automakers around the world are raising urgent concerns about a looming shortage of rare-earth magnets from China that threatens to disrupt vehicle production within weeks. These magnets are essential to a wide range of automotive...

Honda Motor has announced a major strategic shift, scaling back its electric vehicle (EV) investments and redirecting its focus toward hybrid models in response to waning global EV demand. The automaker has reduced its planned...

It’s hard to say whether Nissan’s consideration of closing its Japanese manufacturing plants is a strategic move to prompt a government bailout, but one thing is clear: Nissan is in serious trouble. Two car assembly...

At Volkswagen’s recent virtual annual meeting, the façade of corporate unity began to crack, revealing a deeper rot beneath the polished surface of Europe’s most iconic carmaker. Shareholders, weary and increasingly disillusioned, voiced scathing criticism...