Tag Archives: automotive industry

Hyundai Motorsport Confirms 2026 Participation in WRC Hyundai Motorsport has officially announced its continued involvement in the FIA World Rally Championship (WRC) for the 2026 season. This decision comes after months of speculation about the brand’s future in the sport. The Korean manufacturer had been under scrutiny as it prepared to expand into other racing series, including the World Endurance …

Strategic Acquisition by Tata Motors Tata Motors, a leading Indian automotive company, has announced its acquisition of the Italian vehicle manufacturing giant, Iveco Group, for 3.8 billion euros ($4.4 billion). This significant move aims to establish a “global champion” in the commercial vehicles sector, combining the strengths of both companies. The deal excludes Iveco’s defense division, which is responsible for …

A Decade of Innovation and Commitment in Formula E Since its inception in 2015, DS Automobiles has maintained a long-standing presence in Formula E, a championship that only began just one year earlier. This unique position has allowed the brand to accumulate significant experience and knowledge over the past decade. Xavier Peugeot, a key figure in the company, reflects on …

The Return of the Chevrolet Bolt: A New Era for Affordable Electric Vehicles After a brief hiatus, the Chevrolet Bolt is making a comeback in 2027, promising to be more advanced and appealing than ever before. This return comes after General Motors (GM) initially canceled the model in 2023, only to face significant public backlash. Despite this setback, the Bolt …

BYD Maintains Leading Position in Singapore’s Car Market In the first half of this year, China’s BYD has continued to dominate Singapore’s car market, securing nearly 20% of new vehicle registrations. This represents a significant increase of 5.6 percentage points in its market share compared to previous periods. According to data from the Land Transport Authority, the city-state saw a …

Introduction to Sazgar Engineering Works’ New Electric Vehicle Initiative Sazgar Engineering Works (SAZEW) has taken a significant step forward in the electric vehicle (EV) sector by launching pre-bookings for its first locally assembled plug-in hybrid electric vehicle (PHEV). The model, HAVAL H6 Hi4 1.5L AT AWD Turbo, is set to be rolled out in August 2025. This marks a pivotal …

Introduction to the Excise Tax Reform for Automobiles The Excise Department is in the process of re-evaluating the excise tax structure for automobiles, with a focus on incorporating the use of local content. This initiative aims to stimulate the domestic auto parts industry by creating financial incentives for vehicles that incorporate locally manufactured components. Key Points from the Deputy Finance …

Audi’s Electric Vehicle Sales Surge in H1 2025 Audi has seen a significant boost in its electric vehicle (EV) sales during the first half of 2025, with a 32% year-over-year increase. This growth is largely attributed to the success of the Q4 E-Tron and Q6 E-Tron models. Globally, the German automaker delivered 101,000 EVs between January and June, marking a …

Relief Amidst Persistent Concerns Europe’s auto industry has found some respite following the recent EU-US trade deal, which has helped to ease short-term uncertainties. However, many stakeholders, especially those in the struggling German automotive sector, remain apprehensive about the long-term implications of the agreement. After a period of intense tariff-related turbulence that threatened to escalate into a full-blown trade war, …

Addressing Vehicle Maintenance and Insecurity in Osun State In a recent development, the Chief Executive Officer of Car-Rankings, Mr Kayode Dagiloke, has announced plans for a partnership with the government of Osun State. This collaboration aims to leverage the company’s vehicles to address issues of insecurity within the state. The announcement was made during an automobile exhibition held at Car-Rankings, …