Automotive industry
At the recent IAA Mobility 2025 exhibition in Munich, Hyundai Motor made a significant announcement by unveiling the prototype of its first all-electric hatchback, the Concept THREE. This latest addition is part of the company's expanding lineup of electric vehicles (EVs), including the IONIQ series, which has been
Automotive industry
Energy Fuels, a leading US-based energy company, has achieved a significant milestone in building a mine-to-magnet supply chain for rare earth permanent magnets (REPMs) used in electric vehicles and hybrid vehicles. After successfully processing high-purity neodymium-praseodymium (NdPr) oxide at its White Mesa Mill in Utah, the company's NdPr
Automotive industry
Georgia Governor Brian Kemp's most significant economic development win is now under fire after a federal immigration raid at the Hyundai battery plant site resulted in 475 arrests. The project, which initially proposed a $5.5 billion investment, grew to a $7.6 billion project when LG Energy
Automotive industry
More than 300 South Korean workers were taken into custody during a raid on an electric battery plant in Georgia, leading to diplomatic efforts from the South Korean Foreign Ministry to bring them home. The workers were allegedly working without proper visas, but some lawyers argue that they were doing
Automotive industry
PACCAR Inc., an American automotive company specializing in the design and production of heavy, medium, and light-duty trucks, has embarked on a digital transformation journey to enhance its operations and stay competitive in the market. The company's tech activities, including innovation programs, technology initiatives, and acquisitions, have been
Automotive industry
The Indian government's decision to roll out ethanol-blended petrol, known as E20, nationwide has sparked concern among vehicle owners. This shift from the earlier E10 blend, which was the original fuel stock for most cars and two-wheelers, has left consumers with limited options, as older blends like E5
Automotive industry
Automakers in India have welcomed the recent GST council's decision to introduce a two-tier tax system, paving the way for significant price cuts on commercial and passenger vehicles. The new tax slabs of 5 per cent and 18 per cent will reduce the cost of ownership for customers,
Automotive industry
The largest ICE raid of the Trump era took place on a 3,000-acre "megasite" owned by a joint venture of Hyundai and LG Energy, near the port of Savannah, Georgia. The megasite had a notoriously bad safety record, with two workers killed in preventable accidents in just
Automotive industry
Penske Truck Leasing has inaugurated a new 55,000-square-foot multi-use facility in Monmouth Junction, New Jersey, which integrates various business operations, including truck rental, used vehicle sales, body shop services, and associate training space. This move brings new jobs and services to the area, enhancing access and support for customers
Automotive industry
Pakistan's auto industry has struggled to make a mark in the region despite decades of protectionist policies. The industry's dependence on government favors and failing to innovate has led to high prices, stagnant sales, and negligible exports. The recent announcement to liberalize the industry by allowing
Automotive industry
Volkswagen AG's battery subsidiary PowerCo is receptive to partnering with outside investors to achieve its growth goals beyond 2030, according to Thomas Schmall, the group's technology chief. This decision is informed by the company's ambitions to expand its battery cell production capacity, reduce its
Automotive industry
Investors cheered the recent announcement of GST 2.0, which has simplified the tax structure for the auto sector, slashing taxes from 28% to 18% for cars and 40% for SUVs and luxury cars. The new rates, effective from September 22, have led to a significant price cut for several
