Tag: Automotive
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South Korea Q3 GDP jumps 1.7% on strong exports driving growth
South Korea’s economy accelerates in Q3, beating expectations South Korea posted robust third-quarter growth, with a year-on-year GDP expansion of 1.7% that outpaced economists’ expectations. The advance estimates from the Bank of Korea (BoK) show a noticeable acceleration from Q2, when growth was 0.6% year on year. The quarterly figure also topped forecasts, underscoring a…
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South Korea GDP grows at fastest pace in over a year
South Korea posts faster-than-expected third-quarter GDP growth South Korea’s economy expanded at the fastest pace in more than a year in the third quarter, with advance data from the Bank of Korea showing a 1.7% year-on-year rise. That outpaced the 1.5% growth economists expected and beat the prior quarter’s 0.6% expansion, underscoring a robust recovery…
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Auto industry alarm as China tightens rare earth curbs
China’s rare earth clampdown ripples through the auto sector The automotive industry is sounding the alarm as Beijing expands restrictions on rare earth exports and related technologies. The move, announced by China’s Commerce Ministry, is intended to curb the “misuse” of these critical minerals in military and sensitive sectors. But industry groups warn that tighter…
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New Personalisation Options for 2026 Mahindra XUV 3XO
October update adds new exterior colours to the 2026 Mahindra XUV 3XO The pint-size Mahindra XUV 3XO is getting a fresh dose of personalisation this October, as the all-new light SUV expands its exterior colour palette to seven options. Since its Australian launch in July, the XUV 3XO has already delivered over 1,000 units, and…
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Sollers SP7 Minivan Takes Aim at Alphard with Polish Price and Power
Russia’s New SP7 Minivan: A Domestic Challenger to the Alphard Russia’s automotive market is expanding its domestic lineup with the arrival of the Sollers SP7. Local production is fully localized at the company’s Elabuga plant, and pre-orders have already begun across several regions. Dealers have published a price range that signals a bold attempt to…
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Hong Kong Stocks Close Higher as Tech Index Surges on Oct 2
Market closes higher as tech stocks lead the rally Hong Kong’s equity market finished broadly higher on Tuesday, October 2, with the Hang Seng index gaining 1.61% to 27,287.12. The tech‑driven Hang Seng Tech Index surged 3.36% to 6,682.86, while the Mainland‑facing China Enterprises Index rose 1.77% to 9,724.38. The session reflected a broad appetite…
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Updated Maruti Suzuki Ertiga: New Features, Lower Price
What’s new in the Updated Maruti Suzuki Ertiga Maruti Suzuki has rolled out a refreshed Ertiga ahead of the festive season, sharpening its appeal with a sportier look, enhanced comfort, and modern conveniences. The update focuses on style and practicality while keeping the core strengths of the MPV intact. A notable change is the introduction…
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Mitsubishi Bids Farewell to Iconic Colt Hatchback
Mitsubishi’s Decision to Discontinue the Colt Hatchback Mitsubishi has made the significant decision to discontinue its Colt hatchback, a model that has been a cherished part of the automotive landscape. According to reports from Automotive News Europe, the company will no longer pursue plans for a new Colt based on the latest Renault Clio. Instead,…
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Bosch Announces Layoffs of 13,000 Employees Amid Market Challenges
Bosch Announces Layoffs of 13,000 Employees Amid Market Challenges In a significant development in the automotive sector, Bosch, the leading vehicle parts manufacturer based in Germany, has announced plans to lay off approximately 13,000 employees worldwide. This decision is primarily driven by rising costs and declining demand in the vehicle market, exacerbated by new tariffs…
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Xbox Cloud Gaming Expands to Vehicles with LG Partnership
Introduction to Xbox Cloud Gaming in Cars In a groundbreaking move set to redefine in-car entertainment, Microsoft has teamed up with LG to incorporate Xbox Cloud Gaming into internet-connected vehicles. This new partnership promises to bring cloud gaming directly to your car, ensuring that gaming enthusiasts can enjoy their favorite titles on the go. The…