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21 Oct 2021

StoreDot opens R&D centre in California

StoreDot, which claims to be a pioneer of extreme fast charging (XFC) technology for electric vehicles, said it was continuing its global expansion and the development of future solid-state batteries…

21 Oct 2021

Future Audi SUVs – Q1 and Q9 coming?

Volkswagen's mass-premium division has remained absent from the size class below the Q2. There is certainly potential for an SUV shorter than the brand's current smallest model which is 4,191…

21 Oct 2021

Magna seating plant opens in Serbia

Magna has opened its second seating products plant in the southern Serbian city of Aleksinac. It said the President of the Republic of Serbia, Aleksandar Vucic and members of government…

21 Oct 2021

Thai market stabilises in September

New vehicle sales in Thailand were slightly higher at 77,907 units in September 2021 from 77,433 units in the same month of last year, according to wholesale data compiled by…

21 Oct 2021

Hon Hai to establish automotive software centre

Taiwan’s Hon Hai Precision Industry Company announced at its Tech Day 2021 it planned to establish a software research & development centre to target smart vehicle and connected technology to…

21 Oct 2021

Tesla reports record quarterly profit in Q3

Tesla has posted record net income, operating profit ($2bn) and gross profit for the third quarter. It also said it reached an operating margin of 14.6%, exceeding its medium-term guidance…

20 Oct 2021

Magna cuts its sales outlook

Magna has revised down its 2021 sales outlook to reflect a deteriorating outlook for light vehicle production in North America and Europe. The company said it has updated its 2021…