Automotive

Hyundai Motor Group is seeking to restore its relevance in China, but analysts say the odds of a meaningful turnaround are slim in the hypercompetitive auto market. Beijing Hyundai, the joint venture with BAIC Group, stated it will open core capabilities in electrification and intelligent technologies, dispatch senior experts, and introduce the premium brand.

February 02, 2026 Ti AI ṣe iroyin

Daihatsu Motor Co., owned by Toyota, has begun selling two new commercial electric vehicles designed for deliveries to homes and businesses. The e-Hijet Cargo and premium e-Atrai, both kei lightweight models, mark Daihatsu's first mass-produced commercial EVs with a single-charge range of 257 kilometers.

Waymo-backed robotaxis are quietly operating on Tokyo's streets as tests continue. The trials, conducted by Japanese taxi firm Nihon Kotsu in partnership with the California-based Waymo, could see a service rollout in Japan by 2026, though no firm date has been set.

January 24, 2026 Ti AI ṣe iroyin

Toyota announced a recall of about 162,000 pickup trucks in the United States due to multimedia displays that could compromise driver safety. The recall affects the 2024-2025 model year Tundra and Tundra Hybrid trucks.

General Motors believes Egypt has the fundamentals to become a regional centre for automotive manufacturing and exports to the Middle East and Africa. Sharon Nishi, Chair and Managing Director of General Motors Egypt & Africa, told Daily News Egypt that the company is working closely with the Egyptian government to develop supportive policies aimed at boosting exports and deepening local manufacturing. She noted that Egypt’s recently announced automotive industry strategy represents a critical first step towards building a more structured and competitive sector.

January 18, 2026 Ti AI ṣe iroyin

U.S. activist fund Elliott Investment Management has opposed the proposed ¥6.1 trillion ($39 billion) privatization of Toyota Industries, urging other minority shareholders to resist the bid. The fund argues the company could achieve greater value on its own. Toyota Group's revised offer stands at ¥18,800 per share, while Elliott values it at ¥26,000 per share intrinsically.