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Tags : cars


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Volvo Cars launches $1.9b cost-cutting plan

Sweden’s Volvo Cars announced Tuesday a plan to cut costs by 18 billion kronor ($1.9 billion), including through job cuts, as its profits fall and the auto sector navigates US tariffs...

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Volvo to step up US production after tariffs

Sweden’s Volvo Cars, owned by China’s Geely, will increase its production of vehicles in the United States and probably produce an additional model there, following US President Donald’s Trump’s introduction of tariffs, its chief executive officer told media Thursday...

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Anora, wins best picture at Oscars

‘Anora,’ a tragicomic Cinderella story set in a murky modern world of New York strippers, Russian billionaires and incompetent gangsters, won the coveted Oscar for best picture on Sunday.

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Ctg customs auctions 24 cars imported by ex-MPs

The Chattogram Customs House authorities on Monday announced the auction of 44 vehicles, including 24 luxury cars imported under a duty-free privilege for lawmakers during the ousted Awami League regime...

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LC margins for importing luxury cars reduced 50pc

The Bangladesh Bank on Thursday reduced the letter of credit (LC) margin for importing luxury cars to 50 per cent from the previous 100 per cent and removed LC margin limits for environment-friendly vehicles...

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China, EU to hold talks on electric car tariffs September 19

China’s commerce minister Wang Wentao will head to Brussels for talks with the EU’s trade chief next week as Beijing makes a last-ditch effort to stop tariffs on Chinese electric cars, officials said Thursday...

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Chinese EV giant BYD posts 24.4pc rise in profit

Leading Chinese automaker BYD posted on Wednesday a 24.4 per cent rise in net profit for the first half of 2024, boosted by continuing strong demand for electric cars in its home and overseas markets...

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Chinese cars make inroads in LatAm

Chilean truck driver Claudio Perez was dubious about his first purchase of a Chinese-made family car two years ago. But the price and quick delivery time convinced him, and now he is a convert...

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Tareque Masud’s death anniv today

The 13th anniversary of the death of the acclaimed filmmaker Tareque Masud, best known for his much-acclaimed film ‘Matir Moina’ – the first Bangladeshi film to compete in the Oscars and won the Critics’ Prize at the Cannes Film Festival, will be observed today...

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Carsley appointed as interim England manager

Lee Carsley will step up from his role as England under-21 manager to take temporary charge of the Three Lions, the English Football Association announced on Friday.

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EU, China open talks over EV tariffs

EU and China trade chiefs held ‘candid and constructive’ talks on Saturday over plans from Brussels to ramp up tariffs on Chinese electric cars, and the two sides will hold further consultations, the EU said...