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Automobile sector

Nissan warns of $2.3 billion full-year loss, challenges ahead

Nissan is facing its worst financial crisis in more than two decades, when it was rescued from near bankruptcy by French carmaker Renault.
Nissan is facing its worst financial crisis in more than two decades, when it was rescued from near bankruptcy by French carmaker Renault.

Volkswagen swings to $2 billion loss in Q3 on tariff, Porsche woes

Volkswagen was hit by billions of euros in costs from US tariffs and a costly strategy reversal on electric vehicles at its subsidiary Porsche.
Volkswagen was hit by billions of euros in costs from US tariffs and a costly strategy reversal on electric vehicles at its subsidiary Porsche.

GM to cut 1,750 jobs as EV demand cools

General Motors said it will cut US electric vehicle and battery production and 1,200 factory jobs at its EV plant in Detroit along with 550 jobs at an Ohio battery plant.
General Motors said it will cut US electric vehicle and battery production and 1,200 factory jobs at its EV plant in Detroit along with 550 jobs at an Ohio battery plant.

News analysis

Europe’s new balancing act: Searching for stability in an unstable world

European Commission president Ursula von der Leyen speaking at the Berlin Global Dialogue on Oct 25.
European Commission president Ursula von der Leyen speaking at the Berlin Global Dialogue on Oct 25.

Toyota may announce US-made vehicle imports to Japan: NHK

FILE PHOTO: Screens display the trading information and company logo for Toyota as a trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 15, 2025.  REUTERS/Brendan McDermid/File Photo
FILE PHOTO: Screens display the trading information and company logo for Toyota as a trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 15, 2025.  REUTERS/Brendan McDermid/File Photo

Proton versus BYD: The fate of Asean’s national cars

The Proton e.MAS 7 (left), Malaysia's best-selling EV in the first three quarters of 2025, and Chinese carmaker BYD's Atto 3, the closest rival to the e.MAS 7.
The Proton e.MAS 7 (left), Malaysia's best-selling EV in the first three quarters of 2025, and Chinese carmaker BYD's Atto 3, the closest rival to the e.MAS 7.

Grab invests in May Mobility as robotaxi start-up expands to South-east Asia

May Mobility will leverage GrabMaps – Grab’s mapping technology – to study South-east Asian roads to ensure safe deployment.
May Mobility will leverage GrabMaps – Grab’s mapping technology – to study South-east Asian roads to ensure safe deployment.

Tesla’s profit tumbles despite record sales, hit by higher costs and fading tax credits

Tesla's operating expenses soared 50 per cent to US$3.4 billion in the quarter, while Tesla expects a tariff hit of about US$400 million.
Tesla's operating expenses soared 50 per cent to US$3.4 billion in the quarter, while Tesla expects a tariff hit of about US$400 million.

Trump approves expanding credits for US auto production, issues new 25% truck tariffs

The order makes automakers eligible for a credit equal to 3.75 per cent of the suggested retail price for US assembled vehicles through 2030.
The order makes automakers eligible for a credit equal to 3.75 per cent of the suggested retail price for US assembled vehicles through 2030.

Carmakers fear for production as spat over Chinese-owned chipmaker Nexperia escalates

China has blocked Nexperia from exporting products after the Dutch government seized control of the company.
China has blocked Nexperia from exporting products after the Dutch government seized control of the company.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2025 SPH Media Limited. All rights reserved.