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News
Mitsubishi Motors to Invest Bt16bn in Thailand's EV Push by 2030
1+ day, 12+ hour ago (309+ words) Mitsubishi Motors is set to invest Bt16bn ($473.23m) in Thailand by 2030, backing the automotive sector’s move towards electric vehicles (EVs). Thai government spokesperson Lalida Perisvivatana told Reuters that the funding will be channelled into EV technology. The Japanese carmaker is currently assessing…...
Hyundai Motor’s net profit falls 11% in Q2
1+ day, 20+ hour ago (232+ words) Just Auto South Korean automaker Hyundai Motor Company reported an 11% year-on-year drop in net earnings to KRW 2.888 trillion (US$ 1.97 billion) in the second quarter of 2026, down from KRW 3.250 trillion a year earlier, reflecting higher raw material and energy costs resulting…...
Renault Group first-half sales slip 0.4% worldwide
1+ day, 18+ hour ago (399+ words) Renault Group recorded worldwide vehicle sales of 1.16 million in the first half of 2026, down 0.4% from the same period last year, as increases at Renault and Alpine were offset by a fall at Dacia. In Europe, combined passenger car (PC) and…...
Hyundai opens new UX Studio Shanghai
1+ day, 20+ hour ago (383+ words) Just Auto Hyundai Motor Group, comprising Hyundai Motor and Kia Corporation, announced that it has opened its new ‘UX Studio Shanghai’ user experience research hub, designed to deepen the company’s “engagement with China’s fast-evolving smart mobility market and translate emerging…...
Philippine sales fall 11% in June
1+ day, 20+ hour ago (350+ words) Just Auto New vehicle sales in the Philippines declined by a further 8% to 37,231 units in June 2026, down from 40,483 units in the same month last year, according to member wholesale data released jointly by the Chamber of Automotive Manufacturers of the…...
Aston Martin secures £550m debt financing
2+ day, 20+ hour ago (318+ words) Aston Martin has completed a £550m ($735.8m) debt financing arrangement, with funds managed by BlackRock-owned credit manager HPS Investment Partners taking the lead role. The package consists of a £450m senior secured term loan (SSTL) and a £100m delayed draw term loan. An additional…...
GlobalData to attend the 2026 Automated Transportation Symposium
2+ day, 15+ hour ago (213+ words) Just Auto Supporting the launch of GlobalData’s new Autonomous Vehicle Forecast, Trevor Herrinton will be attending SAE International’s 2026 Automated Transportation Symposium (ATS) in San Diego, California. Taking place on July 27-30, 2026, the event is the world-leading forum for steering SAE Level…...
Geely to take over idle Ford assembly line in Spain
2+ day, 19+ hour ago (406+ words) Geely has reached an agreement to take over part of a Ford Motor factory in Spain, Bloomberg reported, citing unnamed sources. Under the arrangement, Geely will manufacture vehicles on a currently unused assembly line at the site, which also produces…...
VinFast eyes Vietnam break-even by 2027, profit to follow – report
3+ day, 12+ hour ago (402+ words) VinFast Auto expects to reach break-even in its domestic market by 2027, with global profitability anticipated shortly afterwards, according to the deputy chief executive officer of investment Anne Pham, who was speaking at the Bloomberg Sustainable Business Summit in Singapore. The…...
Genuine Parts Q2 sales up 6%, full-year EPS guidance lowered
3+ day, 12+ hour ago (490+ words) US-based automotive parts distributor Genuine Parts Company (GPC) has reported second-quarter 2026 results showing a 6% year-on-year rise in sales, lowering its full-year EPS guidance. Sales for the three months to 30 June 2026 came in at $6.53bn, compared with $6.16bn in the corresponding period last…...