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Europe's passenger car market records its worst year since the turn of the century

In 2022, 9.3 million new passenger cars were registered in the EU, the lowest level in the region since 1993....

European Lithium receives first offer from BMW

BMW will make a $15 million down payment, which will be repaid in equal offsets with the supply of lithium hydroxide to the automaker...

Nissan Switches to Low-CO₂ Japanese Steel and Green Aluminum

Kobenable steel, claimed by Japanese manufacturer Kobe Steel to significantly reduce CO2 emissions from the blast furnace process, will be used in...

Rolls-Royce workers receive record 17.6% pay raise

Unity said the agreement was the largest lump sum deal in the history of the Goodwood plant. “This is a first-class wage deal for Rolls-Royce...

The global automotive industry increased the production of new cars by 7%

At the same time, compared to the pre-pandemic 2019, the lag in production levels is 10%....

Volkswagen Anhui's first pre-production NEV rolled off the assembly line

Volkswagen Anhui is expected to create 2,300 jobs in Hefei by the end of this year and employ more than 3,500 employees....

Tesla's Shanghai gigafactory set a new record for electric vehicle shipments in November

In November 2022, deliveries from Tesla's Shanghai plant amounted to 100,291 electric vehicles, a record figure, data from the China Passenger Car...

EU new car market continues to recover in double digits

The market for new passenger cars in the EU grew in October by 12.2% compared to September; in annual comparison for 10 months of this year, the drop...

Russia will allocate more than $700 million for the production of domestic aircraft engines

The Government of the Russian Federation allocates more than 40 billion rubles for the production of aircraft engines for civil aviation....

Ukraine and the United States announced cooperation in the field of small modular nuclear reactors

Special Representative of the President for Climate Issues John Kerry and Minister of Energy of Ukraine German Galushchenko agreed on cooperation in...

Tesla seeks to keep falling sales in China with insurance discounts

U.S. automaker changes insurance stimulus scheme in China to spur buying after EV sales plummeted by 14%....

Novokramatorsky Mashzavod supplied Metinvest with an overhead casting crane with a lifting capacity of 320 tons

Completion of installation and commissioning of the KMEL-320+100/20-21.5-26/29/30-A8-U2 crane with a rated lifting capacity of 320 tons, static and...

POSCO Holdings and LG Energy Solution to jointly produce secondary batteries

POSCO Holdings and LG Energy Solution have strengthened cooperation in the production of secondary batteries. Both companies promised to expand...

Skoda plans to suspend production in the Czech Republic due to a shortage of chips

The problem of the shortage of electronic components, which arose in the midst of logistical restrictions associated with the coronavirus pandemic,...

Samsung warns of a 32% drop in profits due to falling demand for chips

Samsung's earnings fell as global prices for memory chips fell due to weakening demand for consumer electronics. Firms that buy memory chips, such as...

The production of passenger cars in Russia decreased by 2.8 times in eight months

Most of the global automakers operating in Russia in the spring suspended deliveries of cars and components to the country, and also paused their...

Ford warns investors to cut car deliveries due to parts shortages

Problems in supply chains disrupted as a result of covid restrictions continue to affect global manufacturers whose production clearly cannot keep up...

The price of lithium resumes insane growth after Elon Musk's remarks

The ubiquitous raw material needed for electric vehicle batteries...

The August market for new cars in the EU showed a positive trend

Demand for new passenger cars grew in all key European markets....

Deere invests billions in self-driving tractors

The American company announced that it intends to enter the market of software for agricultural machinery to make its work more efficient....

Nippon Steel raises steel prices to a record high for deliveries to Toyota plants

The automaker is Japan's largest steel buyer and its steel purchase prices are the benchmark for contracts in industries ranging from shipbuilding to...

Ford will sharply increase car prices due to a doubling in the price of raw materials for batteries

The Ford Mustang Mach-E was so popular that the automaker had to close orders for the 2022 model back in April, citing an inability to meet further...

AVTOVAZ began equipping LADA Granta with airbags

The Russian automobile company called it a victory for the AVTOVAZ team and the company's partners in the face of a shortage of electronic components...

Rolls-Royce to introduce innovative hydrogen engines for locomotives

Rolls-Royce is developing a range of hydrogen-powered engines and fuel cells to be used as a reliable power source in ships and heavy off-road...

Electric vehicle manufacturers switch from aluminum to steel for bodywork

Electric vehicle manufacturers are choosing steel over aluminum as the metal of choice for car bodies, said a top executive at the largest U.S....

Elon Musk's Shanghai factory produces first million Tesla electric vehicles

In the first half of this year, the Tesla gigafactory in Shanghai produced almost 300,000 electric vehicles with a 95% localization share of the...

Ukrainian lithium will get into the batteries of BMW electric vehicles

An Austrian company planning to mine lithium in Ukrainian deposits has signed a memorandum with the German automobile concern BMW for the supply of...

Demand for electric vehicles in Ukraine shows "crazy" growth - Ukrautoprom

Since the beginning of 2022, almost 5.9 thousand cars have replenished the Ukrainian fleet of cars powered by battery power sources, which is 34%...

Russian metallurgists will need more than 10 years to replace imports of key equipment

Russian metallurgists are critically dependent on foreign key equipment (even rolls for rolling mills) and, due to Western sanctions, will be forced...

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