Tesla Inc. is tackling an inventory challenge, with satellite images revealing an excess of unsold Model Y cars in Austin, Texas. In response to this buildup, the electric vehicle giant is offering a 6,000 Euro discount on the Model Y in Germany, applicable to all variants until June 30, 2024. Despite this move, Tesla’s European… Continue reading Tesla Offers Discounts in Germany as Inventory Surplus Looms; GM and Hyundai Gain EV Market Share
Category: Automotive
Turkey Levies 40% Duty on Chinese Car Imports to Bolster Local Industry
Turkey has taken a bold step to safeguard its domestic automotive industry by imposing a 40% customs duty on imports of Chinese-made cars, including conventional and hybrid passenger vehicles, effective July 7. The Turkish government’s move is aimed at curtailing the deterioration of the country’s current account balance and stimulating local investment and production. The… Continue reading Turkey Levies 40% Duty on Chinese Car Imports to Bolster Local Industry
Japanese Government Probes Toyota HQ as Auto Safety Scandal Escalates
The safety certification scandal engulfing Japan’s automotive giants has taken a new turn as the Japanese government initiated an on-site investigation into Toyota’s headquarters. This move follows revelations that Toyota, along with Mazda, Honda, Suzuki, and Yamaha, submitted incorrect or manipulated safety test data for vehicle certification. Toyota has acknowledged the certification of seven models,… Continue reading Japanese Government Probes Toyota HQ as Auto Safety Scandal Escalates
Japanese Auto Giants Embroiled in Widespread Vehicle Testing Scandal
The Japanese automotive industry is reeling from a vehicle testing scandal that has implicated several of the country’s top car manufacturers, including Toyota, Mazda, Honda, Suzuki, and Yamaha. Toyota, the world’s largest automaker by volume, has been particularly affected, admitting to improper certification practices that have impacted seven models, with three models’ shipments currently halted.… Continue reading Japanese Auto Giants Embroiled in Widespread Vehicle Testing Scandal