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Volkswagen increased revenue by 15.5% in 2023, expects growth of 5% this year

Vehicle deliveries last year increased by 11.8% and reached 9.24 million, including electric vehicles - by 35%, to 771 thousand. In Europe, total...

Chinese investment in electric vehicles sets a new record

China could produce 10 million more vehicles per year, equivalent to two-thirds of all North American production in 2022....

DTEK machine builders have released the second roadheader of a new line

Its weight is almost 55 tons - 20% more than previous models, and the electro-hydraulic part is made using components from leading European...

More than 10.5 million new passenger cars were sold in the EU in 2023

The European vehicle market grew last year in all countries of the bloc with the exception of Hungary....

Vestas plans to build a second offshore energy plant in Poland

The new wind turbine blade factory is planned to be located on a site in the northern part of Szczecin, which Vestas acquired in February 2023....

China sets a new record for car production and sales

Car sales in China grew by 27.4% in November 2023...

Volkswagen will launch a base-level electric vehicle platform aimed at the Chinese market in 3 years

The German automaker's total investment in China will exceed a billion dollars, and the new industrial park will employ more than 3,000 people....

China rejects EU accusations of exporting excess electric vehicle capacity

Following accusations of overcapacity in the steel market, China is facing accusations of overproduction of electric vehicles, which could lead to...

Turkish steel distributor Ozkanlar enters electric vehicle sector

Sales of electric vehicles in Turkey have increased significantly recently, increasing by 890% compared to the same period last year...

China will become the world's largest car exporter in 2023

If in 2001 the volume of automobile exports from China in value terms was only 1.56 billion US dollars, then in the first eight months of this year...

Alstom to cut more than 1,300 jobs at UK plant

The union says there is a real risk that the UK will lose an investor like Alstom or the rail industry altogether as a result of mass layoffs at some...

German industrial production fell much more than analysts had forecast in September

German industrial production fell more than expected in September, data showed on Tuesday, as a recent slump in incoming orders weighed on output....

Porsche will use low-CO2 steel from H2 Green Steel

Meanwhile, Porsche says it is increasingly relying on aluminum for lightweight construction, but steel remains a key element...

Toyota hits record production level in September

Production since the beginning of the year increased by 8.2% to 8.51 million units....

Ten Toyota Japan lines suspended due to explosion at Chuo Spring plant

The automaker cannot say when production will resume...

Dneprovagonmash shipped the first modular cars within the framework of the project with the Austrian TransANT

Ukraine is capable of producing railway cars with almost 100% localization. Ukrainian ore is used to smelt steel and rolled sheets, which are then...

Skoda intends to return to the Kazakhstan market

Four models will be assembled locally in 2024...

For the first time in history, workers from three automobile corporations went on strike in the United States.

Ford, GM and Stellantis are facing unprecedented union attacks. Steelmakers are being forced to cut production, and US Steel has had to shut down the...

By 2025, the use of chips in smart electric vehicles will grow by more than 26%

Automotive will remain a powerful driver of growth in the semiconductor industry...

China Adopts Plan to Support Stable Growth in Mechanical Engineering at More Than 3%

The plan is mainly focused on 11 sectors of the Chinese industrial sector, including machine tools, agricultural machinery and construction machinery....

Centravis supplied stainless steel pipes to the Italian company Chesini Meccanica

In the segment of pipes for automotive fuel systems, the largest Ukrainian manufacturer of stainless pipes ranks second in the world after the...

China overtakes Japan in car exports

The People's Republic of China in the first half of this year became the world's largest supplier of new cars to the world market....

China's car production continues to fall

Approximately 2.39 million vehicles were sold in China in July this year, down 1.4% from the same period last year, according to data from the China...

Toyota will create a lunar rover powered by regenerative fuel cells

Toyota has teamed up with the Japan Aerospace Exploration Agency to develop a manned lunar rover for NASA...

Tesla launches Cybertruck stainless steel pickup two years behind schedule

Nearly four years after Elon Musk first unveiled Tesla's debut pickup truck, the automaker built its first Cybertruck in a stainless steel body...

New passenger car market in the EU continues to grow, but still lags behind pre-pandemic levels

The largest share of the European car market is still occupied by gasoline cars - 36.5 percent. Nevertheless, electric vehicles are occupying an...

Car production in Italy is declining

There are 23 car factories in Italy. There are 17 factories in Spain, 31 in France and 42 in Germany....

German concern thyssenkrupp will build military submarines in India

By signing a letter of intent, thyssenkrupp Marine Systems is laying the groundwork for a possible collaboration with Mazagon Dock Shipbuilders...

Technological progress achieved in China's hydrogen energy industry - experts

Hydrogen energy is one of the best ways to achieve carbon peak and carbon neutrality, and the advent of the hydrogen internal combustion engine opens...

Europe's automotive industry braces for tough second half - Argus

European car manufacturers are bracing for increased competition and lower demand in the second half of the year....

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