China Sets 2025 Auto Sales Goal Lower Than Industry Forecast, Promises Tougher Rules

China Sets 2025 Auto Sales Goal Lower Than Industry Forecast, Promises Tougher Rules

China has set a target of 32.3 million vehicle sales for 2025, a figure slightly below the 32.9 million projected by the China Association of Automobile Manufacturers (CAAM), the country’s top auto industry body. The goal was announced Friday in a plan from the Ministry of Industry and Information Technology, working with seven other government…

Read More
The Party Is Over Europe’s Car Giants Face Price War and Tariffs in China

“The Party Is Over”: Europe’s Car Giants Face Price War and Tariffs in China

Beneath the dazzling lights and futuristic prototypes at Europe’s biggest auto show, industry leaders admit a harsh reality: the good times are ending. Sales in China, the world’s largest car market, are shrinking. Profits are falling. Demand in Europe is weak. On top of that, U.S. tariffs add more uncertainty. Carmakers that once thrived are…

Read More
GM Slashes EV Production and Delays Key Launches as U.S. Cuts Green Car Support

GM Slashes EV Production and Delays Key Launches as U.S. Cuts Green Car Support

General Motors is dialling back its electric vehicle push, cutting production and delaying work at two major factories as demand cools and federal support for EVs fades. The company will halt production of two Cadillac electric SUVs at its Spring Hill, Tennessee, plant for the entire month of December, according to internal communications and a…

Read More