Tag: fuel-efficient

The Korean automotive industry is facing a significant challenge: soaring import tariffs in the US market, resulting in a substantial loss of profits amounting to millions of dollars.

Mitsubishi Motors has announced its departure from the Chinese market with the termination of its joint venture with Shenyang Aerospace Mitsubishi. This marks a significant shift in the automotive giant's global strategy and leaves a notable void in the Chinese automotive industry.

The tire industry is witnessing a strategic shift with manufacturers introducing specialized tires or upgrading all-purpose tires to cater to the unique characteristics of electric vehicles.