SHUTDOWN OF CAR PLANTS WILL COST AUTO INDUSTRY OVER $100 BILLION

Highlights

• Auto industry giants like BMW, Toyota, Jaguar and others have already suspended the production of cars

• North American companies like General Motors, Ford have also stopped making cars

• Britain’s car makers would be affected worst ...

The automotive industry in South Korea has fallen drastically since 2019. Here’s why.

The automotive industry in South Korea is now the fifth-largest passenger car manufacturer in the world. The automotive industry accounts for 13% of output, produces 12% value-added and is a very important industry sector that accounts for approximately 12% of South Korea's total employment.<...

Flying cars from Korea

The Korean automotive industry is upping its auto innovation game as it is planning to bring home of the most wanted and most awaited feature that the people have dreamt of since the pop culture phenomenon of Back to the Future popularized the flying cars.

Korean carmaker Hyundai has be...

Korean battery maker predicts EV sales future

The Korean automotive industry has been growing amazingly amid the global auto crisis all thanks to the carmakers of Korea which have been making amazing decisions and still selling gas-powered vehicles that no other manufacturers are able to do as of the recent climate emergency announcement and...

Auto industry crumbles

Americans are way behind on their car loans or vehicle loans with 90 days or so and the New York Federal Reserve, and serious delinquency rates among borrowers with the lowest credit scores have by far seen the fastest acceleration the number is estimated to be 7 million

The seeds of th...

Car prices on the rise in States

The United States is the home to richest people in the world with the highest number of millionaires and billionaires residing in the nation. The nation is also a huge market for luxury vehicles and sports cars more than any other nation in the world.

U.S. car prices are on the rise, in...

The Reveal of Model Y Reduces Tesla Shares

Tesla Inc, Unveiled its much-awaited crossover electric SUV Model Y on Thursday night, but investors and analysts don’t seem too impressed as share prices begin to edge lower. Tesla shares dropped by 4.4% on Friday morning after the inauguration. The latest Tesla model was unveiled by Chief Execu...

Tesla is going to unveil their Y Model on 14th of March

The Chief Executive Officer of Tesla, Mr. Elon Musk posted a tweet on Sunday about the fact that Tesla would be unveiling their Model Y in the LA, California area on the 14th of March. Elon Musk’s tweet was undeniably confirmed by the announcement made back in the year 2015 about the general concept...

GM is going to halt Ohio plant’s production on Wednesday

The eminent name in the automotive industry, General Motors would stop their Chevrolet Cruz production that was going on at the Ohio manufacturing plant in the area of Lordstown. The firm has its intention to keep the production of its goods only until Friday. A spokesperson of the General Motors cl...