Automotive Industry
Tesla launches stripped-down standard Model 3 and Y
11 Mwezi wa kumi, 2025 Picha iliyoundwa na AI
Tesla introduced more affordable versions of its Model 3 and Model Y this week, reducing prices by about $5,000 in the US while cutting several features. The move aims to counter the end of the $7,500 EV tax credit and boost sales amid declining market share. Reactions have been mixed, with some praising accessibility and others criticizing the value.
Trump announces 25 percent tariffs on imported trucks from November
7 Mwezi wa kumi, 2025 Imeripotiwa na AI
US President Donald Trump has announced new 25 percent import tariffs on medium- and heavy-duty trucks from abroad, effective from November 1. The measure aims to protect national security and shield domestic manufacturers from unfair competition. Vehicles from Mexico will be particularly affected.
BYD Accelerates Expansion in Spain's EV Market
24 Mwezi wa tisa, 2025 Imeripotiwa na AI
Chinese electric vehicle manufacturer BYD is rapidly gaining ground in Spain through aggressive pricing and swift dealership growth, challenging European automakers amid rising trade tensions. The company's strategy has propelled it to a notable market share in a short time, drawing both consumer interest and regulatory scrutiny. This expansion highlights broader shifts in the global automotive industry as affordable Chinese EVs flood Western markets.
CDU adopts passages from auto industry lobby group
The Christian Democratic Union (CDU) has incorporated entire passages from a position paper by the Association of the German Automotive Industry (VDA) into its own document on electric mobility. This revelation highlights the party's close alignment with industry interests ahead of upcoming elections. Critics argue it undermines independent policymaking.