Tag: Automotive Industry
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Driving competition: China’s carmakers in race to dominate Europe’s roads
Europe’s roads warm to China’s carmakers China’s electric-vehicle (EV) makers are widening their footprint across Europe, turning a once-Tesla-dominated landscape into a competitive showroom for affordable, technology-forward cars. As European buyers grow more receptive to competitively priced, feature-rich models, Chinese brands are ramping up local presence—building on the same playbook that boosted their domestic market…
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Tesla Shareholders Approve $1 Trillion Musk Pay Package: A Landmark Reward
Unprecedented Approval for an Unprecedented Pay Plan In a move that will reshape perceptions of executive compensation, Tesla Inc. shareholders approved a $1 trillion pay package for chief executive Elon Musk. The arrangement, billed as the largest compensation award in corporate history, is designed to align Musk’s incentives with long-term shareholding and the company’s ambitious…
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Tesla Faces Key Vote on Near-$1 Trillion Pay Plan for Elon Musk
Overview: A Landmark Proposal at a Pivotal Moment Tesla shareholders gathered to decide whether to approve a controversial compensation package for chief executive Elon Musk that could reach close to $1 trillion if performance milestones are met. The plan, designed to align Musk’s incentives with long-term corporate goals, would be awarded in a mix of…
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India sees record October car sales as festive season gains and GST cuts boost demand
Record October for India’s car market as festive cheer drives demand India’s auto sector kicked off the crucial festive season with a bang in October 2025, recording its highest-ever monthly dispatches. Industry data shows a broad-based surge across popular segments, underpinned by aggressive discounting, festive-season promotions, and a favorable GST regime. With end-customers responding enthusiastically,…
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Ibrahim Mahama Makes Grand Entrance at Supercar Spectacle Launch in Accra
Ghana’s Business Elite Flock to the Supercar Spectacle Launch Ghana’s capital buzzed with energy on November 1, 2025, as the Supercar Spectacle kicked off at the prestigious Accra Polo Club. The event drew a constellation of business leaders, automotive enthusiasts, and high-society personalities eager to witness a showcase of ultra-luxury automobiles. Among the crowd, one…
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Ford Plans a More Potent Mustang GTD to Answer Corvette’s Ring Breaker
Ford Signals a New Era for the Mustang GTD Ford is positioning the Mustang GTD for a new chapter in American performance, signaling a direct challenge to the Corvette’s latest dominance at the Nürburgring. After CEO Jim Farley’s emphatic “game on” jab in response to the Corvette team’s record chase, insiders say Ford is accelerating…
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Nexperia Cuts Wafer Supplies to Chinese Plant, Deepening Global Chip Disruptions
Overview: A New Twist in the Global Chip Supply Chain The Dutch microelectronics specialist Nexperia has halted wafer supplies to its Chinese assembly plant, according to a letter reviewed by Reuters. The move, described as a suspension of wafers, adds another layer of strain to an already tight semiconductor market. For automakers and tech manufacturers…
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Nexperia Cuts Wafer Supplies to Chinese Plant, Amplifying Global Chip Disruptions
Global chip tensions rise as Nexperia reduces wafer supplies In a move that underscores the fragile balance in the semiconductor ecosystem, Dutch chipmaker Nexperia has suspended wafer supplies to its Chinese assembly plant. The decision, revealed in a customer letter reviewed by Reuters, signals intensifying strains in the global supply chain just as automakers battle…
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Automakers Face Tariffs and Chip Shortages, Yet Profits Hold
Tariffs Have Left a Hefty Bill for Automakers The global automotive sector has been navigating a storm of costs tied to tariffs, with Moody’s estimating a combined bill of around $30 billion for the industry this year. That figure underscores how policy shifts and trade tensions ripple through the supply chain, adding pressure to a…
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Automakers Rise Above Tariffs: Some Still Grow Despite Costs
Industry Faces a $30 Billion Tariff Burden, With Mixed Earnings The automotive sector is grappling with a heavyweight: tariffs. Moody’s recently estimated that automakers could be paying as much as $30 billion in tariffs this year, a sum that ranks as a significant drag on profits across the industry. While these costs bite into margins,…