The car division under-performed the group result in every quarter of 2024. By Jonathan Storey The results for Q4 2024 rounded off a poor year for Mercedes with a 26% fall in operating profit, following falls of 19-48% in the previous three quarters. The car division under-performed the group result in every quarter. Subscribe to […]
Mercedes work vans continue to outperform luxury cars Read More »
Although some view throttling back on EVs as advantageous in the near term, it could have serious long-term implications on Chinese sales. By Will Girling Since 2024, major OEMs getting cold feet over electrification is nothing new. When Porsche announced in its 2025 financial plan that expanded internal combustion engine (ICE) and hybrid product offerings
Is de-emphasising EVs in China “dangerous” for German OEMs? Read More »
Group revenue rose by 3.7% but operating profit dropped by 36%, writes Jonathan Storey Mazda reported a sharp fall in operating profit fell for its fiscal Q3, the second successive quarter of double-digit decline. However, the full-year forecast was unchanged. Subscribe to Automotive World to continue reading Sign up now and gain unlimited access to
Mazda Q3 profit down, forecast unchanged Read More »
SAIC becomes the latest automaker to enter an EV development alliance with the Chinese technology giant. By Stewart Burnett Chinese state-owned automaker SAIC announced on 21 February it would partner with electronics giant Huawei to co-develop “globally competitive” AI-enhanced electric vehicles (EVs), possibly under a new brand called Shangjie. In a statement, SAIC detailed that
SAIC partners with Huawei to co-develop smart EVs Read More »
The joint letter comes as various automakers pressure the EU to relax its fines, with some even doubling down on their ICE lineup. By Stewart Burnett Two European green mobility groups have penned a joint letter to European Commission President Ursula von der Leyan requesting that the pressure from automakers to relax CO2 emissions targets
E-mobility groups urge EC to stand firm on emission targets Read More »
In exchange for making a strategic investment in Nissan, Tesla would acquire the struggling Japanese automaker’s US plants. By Stewart Burnett A group led by former Tesla Board Member and recent Japanese Prime Minister Hiro Hizuno has assembled a plan for Tesla to invest in struggling domestic automaker Nissan. Sources tell The Financial Times that
Japan to approach Tesla about Nissan investment Read More »
Stellantis attributes the pause to EV market uncertainty, but Unifor remains concerned that US tariffs are an underlying factor. By Stewart Burnett Stellantis announced on 21 February 2025 that it is “temporarily pausing work” on a $1.2bn retool of its assembly line in Brampton, Ontario as uncertainty lingers over the North American automotive industry. The
Stellantis hits pause on Ontario retool amid NA uncertainty Read More »
Despite the technology being ready, Stellantis is waiting for the ADS market to grow before commencing with deployment. By Stewart Burnett Stellantis has announced the launch of its first automated driving system (ADS) developed in-house, STLA AutoDrive, capable of allowing hands-free and eyes-off SAE Level 3 autonomous driving at speeds of up to 60 km/h.
Stellantis announces SAE Level 3 autonomous driving launch Read More »
LOS ANGELES — The Trump administration is once again targeting California’s controversial high-speed rail project, with federal transportation officials on Thursday announcing an investigation and possible withdrawal of about $4 billion in federal funding. Voters first approved $10 billion in bond money in 2008 for a project designed to shuttle riders between San Francisco and
Trump administration takes aim at $4B in funding for California high-speed rail Read More »
Climate change is accelerating the melting of the world’s mountain glaciers, according to a massive new study that found them shrinking more than twice as fast as in the early 2000s. The world’s glaciers lost ice at the rate of about 255 billion tons (231 billion metric tons) annual from 2000 to 2011, but that
Climate change shrinking glaciers faster than ever; 7 trillion tons lost since 2000 Read More »
