Automotive

The new Midsize platform will underpin Lucid’s next generation of vehicles, including the Lucid Cosmos and Lucid Earth SUVs

A customs official said many of those vehicles were German premium brands imported to South Korea

Porsche, a subsidiary of Volkswagen, forecast a group operating return on sales in the range of 5.5 per cent to 7.5 per cent in 2026

Renault plans 36 new models in the next five years

The Group plans to offset additional costs from tariffs as much as possible

Lucid is ramping up production of its recently launched Gravity sport utility vehicle and preparing to introduce a new midsize EV platform later this year

Petrol car registrations fell about 26 per cent compared to the previous January, shrinking dramatically in France, by 49 per cent, and in Germany, by 30 per cent

The automaker was already planning to fold its Ampere electric-vehicle unit back into the group, and has shut down its car-sharing services

Aston Martin has been trying to shore up capital throughout the year, including a $162m injection from Chairman Lawrence Stroll

India is the world’s third-largest car market by sales after the US and China, but its domestic auto industry has been one of the most protected