Toyota Announces Major Expansion in the Electric Vehicle Segment

The global automotive leader Toyota has announced plans to introduce 10 new electric models by 2027.

KGM (SsangYong) and Chery have agreed to produce new mid-size and full-size SUVs

South Korean company KGM (formerly Ssangyong Motor) and Chinese automaker Chery have signed an agreement on joint development of mid-sized and large SUVs.

In the UK, Vauxhall car plant with a 120-year history is closing.

There is an opinion that the automotive industry in the country is in a deep crisis.

In Germany, Mercedes is ready to pay up to $540,000 to its employees for being willing to resign.

German company Mercedes-Benz is ready to pay up to 540,000 US dollars to employees willing to volunteer for redundancy.