Tag: Automotive industry

Kia Unveils EV2 at Brussels Motor Show in 2026
EV & Electric Cars, News

Kia Unveils EV2 at Brussels Motor Show in 2026

Kia will unveil its all-electric B-segment SUV, the EV2, during a press conference on January 9th, 2026, at the Brussels Motor Show. The event marks Kia's commitment to expanding electric mobility options across Europe.Key TakeawaysKia will showcase its new EV2 model as an entry-level all-electric SUV for European marketsThe vehicle embodies the brand’s 'Opposites United' design philosophy, offering a blend of style and practicalityThe unveiling comes at a time when electric vehicles are gaining traction in Europe's auto marketDesigned to fit seamlessly into everyday life for European drivers, the EV2 promises to be more than just another entry-level SUV. It aims to bridge the gap between luxury and affordability within the growing segment of compact electric cars.The EV2 features a range ...
Tesla Launches ‘Standard’ Model 3 in Europe at €36,990 to Boost Sales
EV & Electric Cars, Industry & Business, News

Tesla Launches ‘Standard’ Model 3 in Europe at €36,990 to Boost Sales

<a href="https://autoglobalnews.com/mercedes-glc-eq-vs-tesla-model-y-a-premium-showdown/" style="color:#1a73e8;text-decoration:underline;" title="Mercedes GLC EQ vs Tesla Model Y: A Premium Showdown">Tesla has launched a new “Standard” trim for the Model 3 in major European markets including Germany and Italy. The car starts at an aggressive price of €36,990, aiming to compete with mass-market ICE vehicles while undercutting rivals.Key TakeawaysTesla's Model 3 Standard trim now costs €36,990 in Germany and Italy.The automaker faces a tough quarter with sales down significantly across Europe excluding Norway.New entry-level options for the Model Y also aim to boost competitiveness but come at higher price points than their Model 3 counterparts.European registration data shows Tes...
Tesla’s Sales Slump in Europe, Norway Saves the Day
EV & Electric Cars, News, SUV & Crossovers

Tesla’s Sales Slump in Europe, Norway Saves the Day

Tesla’s latest sales numbers for November 2025 show a mixed bag across European markets. While overall sales dropped by 12% year-over-year, it masks an alarming trend: excluding Norway, where buyers rushed to take advantage of tax incentives before changes kick in next year, Tesla's sales plunged by 36%. This stark contrast highlights the brand’s struggle outside its biggest supporter.Key TakeawaysTesla’s November sales dropped across Europe except NorwayIncentives in Italy boosted Tesla's numbers, but couldn't offset declines elsewhereNorway accounted for over 60% of European registrations due to expiring tax benefitsFor families looking into electric vehicles (EVs), the situation with Norway is a reminder that government incentives can significantly impact buying decisions. In November, ...
Trump Rolls Back Fuel Economy Standards to 34.5 mpg by 2031
News, Pickup Trucks

Trump Rolls Back Fuel Economy Standards to 34.5 mpg by 2031

President Trump and Transportation Secretary Sean Duffy announced a rollback of fuel economy standards today, setting the stage for significant changes in how automakers will approach vehicle efficiency over the next decade. This move could have far-reaching implications on car prices and environmental impact.Key TakeawaysThe new CAFE standard drops to 34.5 mpg by 2031, down from a planned 50.4 mpg.Automakers won't face penalties for missing fuel economy targets thanks to the One Big Beautiful Bill Act.Carbon credit trading among automakers will end in 2028 under this new policy change.The rollback means that by 2031, fleet fuel mileage averages must reach only 34.5 mpg instead of the previously set ambitious goal of 50.4 mpg for model years through 2031. This shift in standards doesn't ju...
Stellantis Pushes Back on EU Emissions Rules, Ignoring Climate Science
EV & Electric Cars, News

Stellantis Pushes Back on EU Emissions Rules, Ignoring Climate Science

For over two decades now, Stellantis has been a key player in the auto industry. Yet despite mounting evidence of climate change and shifting consumer preferences towards electric vehicles (EVs), they're still pushing back against stricter emissions regulations.Key TakeawaysStellantis supports Germany's push to soften EU car emission rules set for a decade out.The company claims it’s about industry growth, but EVs from China could dominate if this happens.This move flies in the face of scientific evidence and public health concerns.With Norway leading the way with nearly 100% EV adoption and Tesla's Model Y setting sales records worldwide, it’s clear that consumer demand for cleaner vehicles isn't slowing down. But Stellantis seems stuck in its ways, advocating for weaker regulations a dec...
Trump Pushes for ‘Kei Car’ Production in USA
News, SUV & Crossovers

Trump Pushes for ‘Kei Car’ Production in USA

President Donald Trump's latest industrial crusade aims to bring the diminutive Japanese Kei cars onto American roads, but with a twist: they must be built stateside. This unexpected move marks a dramatic shift from America’s love affair with oversized trucks and SUVs.Key TakeawaysThe administration is considering regulatory changes to allow the sale of Kei cars in the U.S.Kei cars offer low costs, practicality, but raise safety concerns due to their size and design limitations.This initiative could challenge automakers like Volkswagen with its iconic Beetle model from decades ago.The President's fascination stems from a recent trip to Asia where he was impressed by the compactness and utility of these vehicles. Kei cars, or keijidōsha in Japanese, are small automobiles designed post-WWII ...
GM’s Lotus Ownership Ends in Failure and Relinquishment
Industry & Business, News

GM’s Lotus Ownership Ends in Failure and Relinquishment

General Motors has officially relinquished its ownership stake in sports car maker Lotus, ending a partnership that began over two decades ago but ultimately proved unsuccessful. The move marks the end of an era for both companies.Key TakeawaysGM sells off its remaining 25% stake in Lotus Engineering to Malaysian company Proton Holdings.The deal includes a technology transfer agreement allowing GM and Proton to collaborate on future projects.This marks the end of GM's involvement with Lotus, which began when it acquired shares from Italian automaker Fiat in 1996.General Motors initially bought into Lotus Engineering as part of its strategy to expand globally. However, despite early optimism and shared projects such as the Omega sports car concept, relations soured over time due to differin...
White House Unveils Plan to Roll Back Fuel Efficiency Standards, Raising Costs for Americans
News

White House Unveils Plan to Roll Back Fuel Efficiency Standards, Raising Costs for Americans

The White House has announced a proposal that would roll back fuel efficiency standards, potentially increasing fuel costs by $23 billion over the next decade. The move comes as automakers and policymakers continue debates on energy policy.Key TakeawaysThe White House proposes cutting fuel economy requirements for vehicles through 2031, reversing a rule set by President Biden that aimed to save Americans $23 billion in fuel costs.A former reality TV contestant now leads the Department of Transportation and has reinterpreted CAFE standards, claiming his department lacks authority to regulate them.Republicans in Congress have also pushed for weakening energy efficiency regulations as part of a broader bill that includes tax breaks for wealthy individuals.The proposed rollback would lower fue...
Kia’s EV Discounts Fail to Boost Sales Amid Tax Credit Expiration
EV & Electric Cars, News

Kia’s EV Discounts Fail to Boost Sales Amid Tax Credit Expiration

Kia slashed up to $10,000 off its electric vehicles in a bid to boost sales as federal tax credits expire. Despite the deep discounts on models like the Niro EV and EV6, sales have dropped sharply.Key TakeawaysKia slashed up to $10,000 off select electric vehicles in an effort to boost sales.Sales of the Niro EV and EV6 fell by 24% and 68%, respectively, compared with last year's figures.Despite these discounts, Kia’s overall car sales rose thanks to strong performance from non-EV models like the K5 and Sportage.Kia announced significant price cuts on its electric vehicle lineup this month. The company is offering up to $10,000 in customer cash rebates for vehicles such as the 2025 Niro EV and 2026 EV9. However, these discounts haven't translated into increased sales.The EV6 saw a sharp de...
Mitsubishi Eyes Partnership with Nissan and Honda to Survive in US Market
News, SUV & Crossovers

Mitsubishi Eyes Partnership with Nissan and Honda to Survive in US Market

Mitsubishi's North American business reported a loss during the April-September period, raising questions about its future. The company is considering teaming up with rivals like Nissan and Honda for joint production, potentially assembling SUVs at existing factories.Key TakeawaysMitsubishi's North American business reported a loss during the April-September period.The company is exploring partnerships with rivals Nissan and Honda to boost production efficiency.A joint venture could help Mitsubishi overcome tariffs that have raised vehicle prices in the US market.With every Mitsubishi sold in the United States currently imported from Japan, the brand faces steep import tariffs. These costs make it difficult for consumers to afford Mitsubishi vehicles compared to those made locally by other...