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Thailand to increase tax on EV imports, official says
3+ day, 21+ hour ago (243+ words) BANGKOK (Sept 10): Thailand's electric vehicle board has agreed to increase excise tax on EV imports to promote investment in domestic auto manufacturing, a finance official said on Thursday. Fully imported vehicles (CBUs) will face the highest tax rate, above the…...
Jaguar Land Rover to cut 4,000 jobs as sales slide, Times says
1+ week, 1+ day ago (289+ words) (Sept 5): Jaguar Land Rover Automotive plc is set to cut 4,000 jobs over the next two years as the UK’s largest carmaker confronts soaring costs, plummeting sales and the effects of US tariffs, The Times reported. Staff were warned late Friday…...
Honda said to tell suppliers to cut costs in US$9 bil push to fend off China
1+ week, 4+ day ago (628+ words) TOKYO (Sept 2): Japan's Honda aims to cut more than US$9 billion (RM36 billion) in costs over the next four years and has instructed suppliers to drastically reduce their prices, according to internal documents and one person familiar with the matter. Honda,…...
China issues guidelines for automakers' overseas operations
1+ week, 5+ day ago (181+ words) The guidelines follow a rapid global expansion by Chinese automakers, led by BYD, as intensifying competition at home pushes manufacturers to seek growth abroad. The rules call on automakers to base pricing on costs and market conditions, avoid using prices…...