cutting-edge technologies. It will also work on increasing procurement from local parts suppliers. The production forecast for fiscal 2009 was raised from the initial 174,000 vehicles to 220,000. Two compact car models "Ractis" and "ist" are being added to production from January 2010. Furthermore, tax incentive programs for eco cars are having a positive impact on an increase in production of existing models as well. Among 12,000 vehicles of a m...

OEM Plants  Updated at: 2025/06/09

campaign for the rural spread of New Energy Vehicles (NEVs). The campaign aims to select NEVs meeting the usage requirements in rural areas and with good word of mouth and reliable quality for display, test rides, and test drives and implement policies for reduction or exemption of vehicle purchase tax, trade-in of automobiles, and improvement of county-level charging and battery swapping facilities. The campaign will be launched both online and ...

News  Updated at: 2025/06/09

ng, Michigan LG Energy Solution completes acquisition of Ultium Cells' Michigan Plant LG Energy Solution to manufacture both ESS, automotive batteries at Lansing plant On September 27, officials in St. Joseph County, Indiana, granted partners General Motors and LG Energy Solution USD 270 million in tax exemptions and USD 15-17 million in infrastructure updates for a proposed Ultium Cells LLC battery cell manufacturing plant in New Carlisle, India...

OEM Plants  Updated at: 2025/06/06

on the road to recovery, will once again become scarce. The Trump administration announced in February that it would impose an additional 25% tariff on steel and aluminum imports for all countries, and there is also concern that tariffs could raise vehicle prices. On the other hand, if the federal tax credit for electric vehicles (EVs) is eliminated, it will not only depress demand for EVs, but ironically, it will also increase demand for hybrid...

Automotive Sales Data  Updated at: 2025/06/06

its in 2026.“The market grew, in May, much because of direct sales, companies that are in the process of renewing their fleets. Retail has been suffering a contraction in the average financing ticket, showing that the consumer is feeling the impact of interest rates and the recent increase in the Tax on Financial Operations (IOF)," Fenabrave president Arcelio Junior said. “We are concerned about the results of the coming months,” he added. ...

Automotive Sales Data  Updated at: 2025/06/06

ts in 2026. “The market grew, in May, much because of direct sales, companies that are in the process of renewing their fleets. Retail has been suffering a contraction in the average financing ticket, showing that the consumer is feeling the impact of interest rates and the recent increase in the Tax on Financial Operations (IOF)," Fenabrave president Arcelio Junior said. “We are concerned about the results of the coming months,” he added. ...

News  Updated at: 2025/06/06

e and customized for new emerging markets, which is compliant with "P7" standards equivalent to the "Euro 5." Volkswagen's MAN announced on October 24 that it will invest around EUR 335 million in the Brazilian state of Rio de Janeiro by 2016. The company and the state signed an agreement to secure tax incentives and attractive financing rates in order to develop products and boost production capacities at the Resende plant over the next few year...

OEM Plants  Updated at: 2025/06/06

SUV sales of 54,179 units represented a 0.1 % increase, LCV sales of 20,436 units represented a 4.6% decrease and MHCV sales of 3,426 units represented a 20.8% decrease.FCAI Chief Executive Tony Weber said that the earlier inclusion of plug-in hybrid electric vehicles (PHEVs) in the fringe benefits tax (FBT) exemption played a critical role in making these vehicles accessible to more Australians. Removing that support has led to an immediate and ...

Automotive Sales Data  Updated at: 2025/06/06

said.Registration of new vehicles by type Vehicle type May 2025 May 2024 Y-o-Y Jan.-May 2025 Jan.-May 2024 Y-o-Y Passenger cars 150,070 147,678 1.6% 850,903 827,500 2.8% Commercial vehicles Vans 22,796 25,853 -11.8% 127,875 144,554 -11.5% Trucks (Under6t) 808 697 15.9% 4,393 3,353 31.0% Taxi N/A N/A -% N/A N/A -% Bus and coach N/A N/A -% N/A N/A -% Source: SMMT Registrations of new vehicles by make Passenger cars Maker/Bran...

Automotive Sales Data  Updated at: 2025/06/06

roduction: January 4, 2017 Tesla delivers long-anticipated semi tractor to PepsiCo Tesla tallies progress to date as 2022 ends Tesla’s Gigafactory Nevada preparing new batch of Semis for delivery Tesla investing USD 3.6 billion for two new plants at Gigafactory Nevada Tesla gets USD 330 million tax break for Gigafactory Nevada expansion Panasonic to increase battery production at Tesla Gigafactory in Nevada Tesla to raise wages 10% at Gigafa...

OEM Plants  Updated at: 2025/06/06

ve 3.9 liter/100km. CO2 emissions have also been reduced by 8.4 percent down to 104g/km to meet requirements of the" Euro 5." Kia in Slovakia will invest 110.5 million euros to boost its annual engine production capacity from 300,000 to 450,000 engines, the company said. The government will provide tax incentives amounting to 15 million euros. Production of the Hyundai ix35 SUV (Tucson in South Korea) has begun at the Kia Motors Slovakia plant in...

OEM Plants  Updated at: 2025/06/06

Trump lashes out against Musk, threatens to cut his companies’ government contracts On June 5, President Trump lashed out against Tesla CEO Elon Musk, saying he was “disappointed” by the billionaire’s public opposition to the sweeping tax-cut and spending bill that is at the heart of Trump’s agenda. Musk has been actively urging Senate Republicans to “kill the bill,” which comprises a wide range of Trump’s domestic agenda because ...

News  Updated at: 2025/06/06

apacity 17.8kWh) and a large motor (maximum output 175ps) to achieve both powerful driving and improved environmental performance through motor driving. The PHEV model can run approximately 60km in EV-mode (WLTP mode) on a fully charged battery. The manufacturer's suggested retail prices (including tax) range from JPY 3,943,500 to JPY 7,122,500. The CX-80, CX-60, and other models of the Large Product group are all produced at Mazda's Hofu plant i...

OEM Plants  Updated at: 2025/06/05

Euro 5 standard will be as follows: 27,578.25 euros for the B180 CDI with an diesel engine; 29,809.50 euros for the B200 CDI with an diesel engine; 26,001.5 euros for the B180 gasoline engine model; and 27,935.25 euros for the B200CDI gasoline engine model. All prices include 19 percent value-added tax. On July 24 Daimler announced that it will outsource assembly of its new A-Class cars to Valmet of Finland to expand production capacity. Valmet w...

OEM Plants  Updated at: 2025/06/05

is equipped with the extremely fast-shifting ISR transmission. With a maximum output of 552 kW / 750 hp, the Veneno Roadster accelerates from 0 to 100 km/h in just 2.9 seconds and top speed stands at 355 km/h. Not more than nine units will be built during 2014, priced at 3.3 million euro excluding taxes. Nagoya Institute of Technology (NI Tech) established a research hub named "Automobili Lamborghini Advanced Composite Structures Laboratory Japa...

OEM Plants  Updated at: 2025/06/05

ihatsu offers special versions of the model available only in respective local areas to give customers the pleasure of making a choice. The model has achieved improved fuel efficiency of 29.0km/L for all two-wheel drive cars as well as 26.8km/L for all-wheel drive cars. All grades are qualified for tax exemption on eco-friendly vehicles. Daihatsu Motor Co., Ltd. released the all-new Hijet Truck fully remodeled for the first time in 15 years. Its ...

OEM Plants  Updated at: 2025/06/05

ybrid vehicles. Toyota Industries Corporation has released the revamped Vitz compact car on April 21, 2014. As with the conventional model, it comes in four grades. The car is powered by a 1.0-liter, 1.3-liter or 1.5-liter engine. Pricing ranges from JPY 1,155,600 to 1,994,073 including consumption tax. The mainstay model has newly-developed 1.3-liter engine with high thermal and fuel efficiencies. A front-wheel drive variant features an idling s...

OEM Plants  Updated at: 2025/06/05

volume BEVs seeing modest gains. Sales however remain well below their 2024 highs,” commented Andrew King, Managing Partner of DAC.While March was a month of change, with tariffs on the horizon and EV incentives disappearing, April will have a number of potentially impactful changes as the carbon tax is gone, and destructive U.S. tariffs are imposed on a global scale.Highlights from Q1 2025 include:•    Total sales in Q1 2025 reached nearl...

Automotive Sales Data  Updated at: 2025/06/05

ease 2.9% in MarchFive Korean automakers announced domestic new vehicle sales in March. New vehicle sales in South Korea increased by 2.9% compared to the same month in the previous year to 123,817 units. Despite the broader economic slowdown, domestic growth was supported by individual consumption tax cuts, electric vehicle subsidies, and the introduction of new models. However, exports declined slightly due to unfavorable exchange rate fluctuat...

Automotive Sales Data  Updated at: 2025/06/05

ansing Grand River Plant, which is expected to improve production efficiency. GM will invest $190 million in its Lansing Grand River Plant for the production of a new Cadillac compact. The investment will create 600 new jobs with a two-shift operation. Lansing City has agreed to offer a $98 million tax break to ensure continued car production at the plant. GM announced plans to invest $88 million in the Lansing Grand River to revamp the plant in ...

OEM Plants  Updated at: 2025/06/05