automotive industry News

Renault Names Duncan Minto as New CFO to Spearhead Financial Strategy

Renault Group appoints Duncan Minto as the new CFO, bringing 25 years of finance experience to accelerate the company's transformation and strategic initiatives. Current CFO Thierr...

European Auto Leaders Advocate for a Comprehensive Trade Deal with the United States

The European Automobile Manufacturers' Association urges the EU to negotiate a trade agreement with the US to prevent potential tensions and foster economic growth, amidst concerns...

Toyota's Ambitious ROE Goal Sparks 8% Stock Surge

Toyota Motor Corporation's shares soared by 8% following the announcement of its ambitious plan to achieve a 20% return on equity by 2030, significantly outpacing market expectatio...

Japan Slashes 2024 GDP Growth Forecast to 0.4% Amid Industry Scandals and Export Decline

Japan's Cabinet Office has revised its 2024 GDP growth forecast down to 0.4% due to an automotive industry scandal and a decline in exports, while keeping the 2025 growth estimate ...

Honda and Nissan Explore Closer Ties Amid Intense Competition

Honda and Nissan are reportedly considering a closer alliance, potentially involving a holding company, as they navigate intense competition from Tesla and Chinese automakers. This...

Amrita Vishwa Vidyapeetham and Volvo Group India Join Forces to Shape Future Automotive Engineers

Amrita Vishwa Vidyapeetham partners with Volvo Group India to enhance student skills in the automotive industry through a structured program offering industry insights and practica...

Stellantis Under Elkann: A Strategic Shift Post-Tavares

Stellantis, under Chairman John Elkann, is swiftly reshaping its strategy post-Tavares, focusing on repairing relationships and realigning with industry groups. The company is addr...

Stellantis CEO Carlos Tavares Resigns, Stock Plunges 7%

Stellantis NV's stock fell by over 7% after the company announced the immediate resignation of its CEO, Carlos Tavares, due to disagreements with the board. The company expects to ...