South Africa is poised for Chinese investment in its US$27 billion automotive industry after the president signed a tax break for the production of so-called new-energy vehicles into law.

Europe’s automakers face existential threats from EU CO2 rules, China competition, weak sales and factory closures. The biggest market, Germany, is ailing.

The multinational automobile giant Stellantis is one of them. The carmaker had one of the worst years in its history in 2024.

South Africa is poised for Chinese investment in its R500-billion motoring industry after the president signed a tax break for the production of so-called new-energy vehicles into law. Three Chinese ...

South Africa is poised for Chinese investment after the president signed a tax break for the production of new energy ...

Autos stocks were among the worst performers, down 1.79%, while travel and leisure stocks shed 1.62%. One of the few sectors to rise was financial services, with stocks last seen ...

Evidence that Stellantis is teetering on the edge continues to pile up — and a new report from Reuters shows that it's not ...

VW’s ID.4 electric crossover lost its full $7,500 tax credit, according to the latest listing by the Department of Energy and ...

South Africa’s automotive industry is set for an influx of investments after a tax break for the production of new-energy ...

As part of the Biden Administration’s efforts to restrict the import of Chinese-made electric vehicles and vehicles that ...

Enabling a 150% tax deduction on investment in electric- and hydrogen-powered vehicle production comes as Chinese automakers ...

Vehicle production by car maker Stellantis in Italy fell by 37% last year, hit in particular by a steep plunge in car ...