Automotive Industry and Business News

GAC Teams Up with Magna to Produce Aion V in Europe

25Nov

By AGN EditorNo Comments

GAC Teams Up with Magna to Produce Aion V in Europe

Chinese automaker GAC is making a strategic move into the European market by partnering with Austrian contract manufacturer Magna. This partnership will see GAC's all-electric Aion V SUV produced at Magna’s plant in Graz, Austria. The decision comes as tariffs on fully built vehicles are rising, presenting a significant challenge for Chinese manufacturers looking to establish themselves in Europe.The Aion V offers impressive range and performance with up to 466 miles (750 km) of CLTC range from its largest battery pack and a powerful electric motor producing 181 horsepower. Since its unveiling last year, the SUV has gained traction in China, and GAC now aims to leverage this success abroad.Magna’s Graz facility is no stranger to high-end car production, having built models for luxury brand...

Tesla Faces New Lawsuit Over Door Handle Design in Fatal Crash

24Nov

By AGN EditorNo Comments

Industry & Business, News

Tesla Faces New Lawsuit Over Door Handle Design in Fatal Crash

Tesla continues to face legal challenges as another lawsuit has been filed against the company following a tragic incident that occurred on January 20, 2023. The case centers around an accident involving a Model 3 where both occupants were severely injured or killed due to the car's 'unique and defective' door handle design, hindering rescue efforts.The lawsuit, filed by Jeffery Dennis and his wife Wendy's estate, alleges that Tesla knew of the potential for their doors to become inoperable after a crash but failed to address this issue. Witnesses at the scene attempted to assist by breaking windows with makeshift tools like baseball bats but were unable to open the doors.As we reported earlier, similar lawsuits have been filed against Tesla over door handle malfunctions and fire hazards a...

24Nov

By AGN EditorNo Comments

Industry & Business, News, SUV & Crossovers

Mercedes-Benz Eyes Dominance with Ambitious Sales Plan

In a bold move to reclaim its position as the top luxury brand in America, Mercedes-Benz has set an ambitious goal of selling 400,000 vehicles annually. This target is aimed at surpassing current leader BMW and competitor Lexus. The plan was unveiled during a dealer meeting in Las Vegas, where Adam Chamberlain, CEO of Mercedes-Benz USA, outlined the strategy that includes an aggressive product rollout.Mercedes-Benz's ambitious plans hinge on launching several new models tailored for the US market. This lineup will include everything from the upcoming CLA sedan to electric versions of the GLC SUV and a compact version of the iconic G-Class. Additionally, they are eyeing the release of high-performance sedans with over 1,000 horsepower. The company also plans on updating their popular GLE an...

GM Pumps $550M into Gas-Powered Vehicle Production in U.S.

24Nov

By AGN EditorNo Comments

Industry & Business, News, Pickup Trucks

GM Pumps $550M into Gas-Powered Vehicle Production in U.S.

General Motors is making a significant investment of half a billion dollars to enhance its production capabilities for gas-powered vehicles in the United States. This financial boost will primarily benefit GM’s plants located in Ohio and Michigan, with substantial portions allocated towards upgrading facilities to support higher output levels.Specifically, $250 million has been earmarked for upgrades at GM's Parma Metal Center in Ohio, a facility integral to the company's manufacturing operations. The investment is aimed at increasing sheet metal stamping and assembly production capabilities. Currently, this site churns out more than 100 million parts annually, handling over 400 tons of steel daily. This initiative underscores GM’s commitment to maintaining robust output for its internal c...

Xiaomi Boosts 2025 EV Sales Target to 400,000 Units

24Nov

By AGN EditorNo Comments

EV & Electric Cars, Industry & Business, News

Xiaomi Boosts 2025 EV Sales Target to 400,000 Units

Xiaomi, a rapidly growing automaker in China, has raised its battery electric vehicle (BEV) sales target for the year 2025 from an initial estimate of 350,000 units to a new goal of 400,000 vehicles. The company is celebrating the production milestone of its 500,000th BEV unit just one year after launching vehicle manufacturing at its Beijing facility.The revised sales target reflects an impressive threefold increase over Xiaomi's delivery volume of 135,000 cars in 2024. This growth is largely attributed to the strong performance of the company’s SU7 sedan and YU7 SUV models. Despite this ambitious expansion plan, Xiaomi remains committed to prioritizing safety and quality as it ramps up production.Xiaomi's success has positioned it as a formidable competitor in China's EV market alongside...

2025 GWM Tank 300 Ultra Diesel Review: A Robust Off-Roader

24Nov

By AGN EditorNo Comments

Guides & Maintenance, Industry & Business, News, Reviews

2025 GWM Tank 300 Ultra Diesel Review: A Robust Off-Roader

The addition of a turbocharged diesel engine to the GWM Tank 300 Ultra marks a significant step in this off-road wagon's evolution, positioning it as a formidable competitor in its segment. Our review delves into how this new powertrain stacks up against its petrol sibling and rivals like the Ford Everest and Jeep Wrangler.The diesel engine enhances torque and efficiency over the existing petrol model, offering improved performance for demanding terrain. Despite these benefits, there are some drawbacks: the ride quality isn't as smooth as that of the petrol version, and interior space is somewhat limited compared to expectations. However, the Tank 300 Ultra Diesel's towing capacity is a notable improvement.As we reported in our previous analysis on MOT cost caps,this powertrain shift refle...

KGM Torres EVX Debuts as a Budget Model Y Rival in Australia

24Nov

By AGN EditorNo Comments

EV & Electric Cars, Guides & Maintenance, Industry & Business, News

KGM Torres EVX Debuts as a Budget Model Y Rival in Australia

Korean automaker KGM, formerly known as SsangYong, has introduced its newest electric SUV, the 2026 KGM Torres EVX, priced competitively at $58,000 drive-away. This new model offers a significant challenge to established players like Tesla and BYD with a comparable range of up to 462 kilometers (WLTP), positioning itself as an affordable alternative in the electric SUV market.The Torres EVX is designed for families and offers front-wheel drive, making it suitable for both city driving and longer road trips. Despite being a relatively unknown brand compared to giants like Tesla or BYD, KGM aims to carve out its own niche with this entry into the mid-size segment. The car's dimensions are similar to those of the Model Y and Sealion 7, ensuring that it competes directly on size as well.KGM’s ...

2026 Nissan LEAF Earns Top Honors Amidst EV Market Challenges

24Nov

By AGN EditorNo Comments

Industry & Business, News, SUV & Crossovers

2026 Nissan LEAF Earns Top Honors Amidst EV Market Challenges

The automotive industry is witnessing a significant shift as electric vehicles (EVs) continue to gain traction, despite recent setbacks. The North American Car, Truck and Utility Vehicle of the Year award program has named the all-new 2026 Nissan LEAF as one of its top three finalists in the utility vehicle category.The announcement comes at a time when the EV market is grappling with changes to federal tax credits that have impacted sales. Last year's signing of a new federal tax bill by former President Donald Trump eliminated a $7,500 tax credit for new EVs and a $4,000 credit for used ones, causing a surge in pre-September sales followed by a downturn.Nissan’s recognition is seen as a boost to the company's efforts to revitalize its EV lineup. Despite earlier concerns about its financi...

Volkswagen Unveils ID. Era EREV Crossover for China in 2026

24Nov

By AGN EditorNo Comments

Industry & Business, News, SUV & Crossovers

Volkswagen Unveils ID. Era EREV Crossover for China in 2026

Volkswagen Group China CEO, Ralf Brandstaetter, revealed details of the upcoming Volkswagen ID. Era electric range-extending vehicle (EREV) crossover designed specifically for the Chinese market. The production version closely resembles its concept car predecessor and is set to debut in 2026, with a potential appearance at the Beijing Auto Show.The ID. Era will be VW's first EREV SUV developed in collaboration with SAIC. Initially showcased as a large family-oriented vehicle at the Shanghai Auto Show 2025, it features three rows of seats (six or seven seat options) and an impressive range exceeding 1,000 kilometers. Additionally, it includes advanced L2 driver assistance technology.Visually, the ID. Era carries distinctive two-tier headlights and incorporates design elements such as wide w...

Xiaomi’s Electric Car Arm Proves Profitable in Just Over a Year

22Nov

By AGN EditorNo Comments

EV & Electric Cars, Industry & Business, News

Xiaomi’s Electric Car Arm Proves Profitable in Just Over a Year

Xiaomi, a tech giant increasingly making waves in the automotive industry, has reported its first quarterly operating profit from its electric vehicle (EV) business. This milestone comes approximately nineteen months after the company unveiled its first electric sedan, the SU7. The profitability of Xiaomi’s EV division is a significant step forward for the brand, which continues to grow at an impressive pace within a highly competitive market. In Q3 2025, the business unit generated an operating profit (EBIT) of 700 million yuan ($85 million), showcasing strong growth from its revenue stream that amounted to 29 billion yuan. Breaking down these figures further reveals that electric vehicles alone accounted for a substantial portion of this income. In Q3, Xiaomi’s EVs contributed approximat...