Automotive

The EU Commission plans to speed up the electrification of corporate fleets, which Sixt's CEO warns could raise rental car prices. Konstantin Sixt stated that higher vehicle costs would be passed on to customers. He described the draft as an example of well-intentioned policy sliding into a planned economy.

March 31, 2026 Reported by AI

Nissan is lobbying Washington officials to reduce tariffs on Mexico-made vehicles to preserve affordability amid record-high new car prices. Christian Meunier, president of Nissan Americas, stressed the need to produce basic models like the Sentra and Kicks in Mexico due to lower labor costs. Tariffs cost the company $2,500 to $3,000 per vehicle.

BYD has upgraded its Flash Chargers, first unveiled late last year, to deliver even faster charging: from 10% to 70% in five minutes and a full charge in about nine minutes, adding over 600 miles of range—rivaling gas pump speeds.

March 20, 2026 Reported by AI

Mercedes-Benz Korea has appointed Shirin Emeera as its new CEO, effective July, tasking her with the successful launch of key electric vehicle (EV) models. The company faces challenges from declining EV sales following a fire incident involving an EQE sedan two years ago.

Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid, held talks with Sharon Nishi, Chairperson and Managing Director of General Motors Egypt and Africa, to review the company’s current investments and future expansion plans. The Tuesday meeting, attended by Jehan Saleh, economic adviser to the Prime Minister, focused on localizing the automotive industry and aligning with GM’s strategy. It highlighted efforts to boost GDP contribution and exports.

March 16, 2026 Reported by AI

Volvo Car USA will discontinue sales of the EX30 and EX30 Cross Country electric SUVs in the US market after the 2026 model year. The decision follows challenges including tariffs, production shifts and weak sales. The models will continue in other markets.