Sales of Hyundai cars have tumbled in Russia.

This follows an earlier investment of $738.5 million by CYVN in July.

The carmaker's net profit plunged 7% to US$3.9bn in Q3.

Tehran, Iran – Iran's second-largest carmaker, Saipa, has successfully delivered another batch of cars to Venezuela as part of an automotive export and joint manufacturing deal signed during a visit by Iranian President Ebrahim Raeisi to Caracas in early June. According to a statement released by Saipa on Wednesday, the...

Firm to transfer it equity interest to JV partner Sollers.

A Russian carmaker has asked Iran to supply it with key components it cannot access due to Western sanctions imposed after the invasion of Ukraine, Tehran's state media reported. Hossein Bahrainian, from the Iranian Auto Parts Makers Association, said a Russian automaker had enquired about purchasing parts, without specifying the company by...

Earlier in 2020, Tesla had raised the Full Self-Driving (FSD) price to $10,000 from $8,000.

The price is at the bottom end of the range that Volvo announced last week

Japanese firm Toyota is the world’s biggest carmaker.