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China Rejects EU Call for Voluntary Limits on Hybrid Car Exports
WorldEconomy

China Rejects EU Call for Voluntary Limits on Hybrid Car Exports

China has rejected a European Union request to voluntarily limit its hybrid-car exports to the bloc, increasing pressure on negotiations aimed at preventing...

Chinese Automakers Expand in Argentina as Sales Surge
BusinessEconomyTechnology

Chinese Automakers Expand in Argentina as Sales Surge

Argentina is seeing a rapid increase in Chinese vehicle sales as the country opens its automotive market to greater competition, with more than...

Rivian Posts Record Deliveries as R2 SUV Boosts Sales
BusinessEconomyTechnology

Rivian Posts Record Deliveries as R2 SUV Boosts Sales

Rivian Automotive delivered a record 19,248 electric vehicles in the third quarter, beating analysts’ estimates as the company’s new R2 SUV began reaching...

IG Metall Demands 5% Pay Rise for 3.7 Million German Workers
BusinessEconomyWorld

IG Metall Demands 5% Pay Rise for 3.7 Million German Workers

Germany’s largest industrial union, IG Metall, is demanding a 5% pay increase for about 3.7 million workers in the country’s metal and electrical...

Volkswagen Revamps U.S. Strategy With New Leadership, Pickup Truck Plan
WorldBusinessTechnology

Volkswagen Executive Forecasts 20% Decline in China Car Market

China's passenger car market could shrink by about 20% in 2026, Volkswagen's China chief Ralf Brandstaetter said on Tuesday, as the German automaker...

Volkswagen Revamps U.S. Strategy With New Leadership, Pickup Truck Plan
BusinessTechnology

IG Metall Presses Volkswagen to Honour 2024 Wage Deal

Germany’s IG Metall union is demanding a clear commitment from Volkswagen that it will uphold a major wage and employment agreement reached in...

Mexico and US Race to Secure Trade Deal Before Midterms
WorldBusiness

Mexico and US Race to Secure Trade Deal Before Midterms

Mexico and the United States are accelerating negotiations to reach a bilateral trade agreement before the November 3 US midterm elections, according to...

China Tightens Supplier Payment Rules for Automakers
WorldMetroTechnology

China Tightens Supplier Payment Rules for Automakers

Chinese regulators introduced stricter rules on Monday governing payments by automakers to suppliers, seeking to close loopholes in a voluntary commitment to settle...