Daily Automotive News From GlobalData October 31, 2023

DECODED

Automotive

October 31, 2023

SPOTLIGHT READ

BYD overtakes VW in China – what happens next?

Now bigger in China than even VW, going all-in on electrified vehicles is proving to have been a brilliant strategy for BYD

LATEST NEWS IN YOUR INDUSTRY

GM and UAW reach tentative agreement

Agreement with GM rounds off the UAW’s contract negotiations with the Detroit 3 in what is widely seen as a victory for the labour union

BYD posts quarterly profit of $1.4bn in Q3 2023

BYD hits new records for sales and profit

Volvo Cars to build EX30 in Ghent from 2025

The move adds European production of the EX30 from 2025 - it is already made in China

Autoliv to reduce headcount in France

Firm cites 'substantially lower levels' of light vehicle production in Europe in recent years

Daimler Truck begins series production of BEV Freightliner eM2

New electric medium-duty truck is being manufactured at a plant in Portland, Oregon

Stellantis reports 7% revenue growth in Q3 despite NA strikes

UAW/Unifor strike action in North America wiped out around €3bn in revenue in Q3

Toyota global vehicle output rises 10% in first half of FY

Rebound from supply shortages drives strong first half output gain for Toyota

Signal: Rothschild & Co top M&A financial adviser in auto sector

GlobalData has announced the latest updates to its financial and legal adviser league tables, which rank advisers by the total value and volume of merger and acquisition (M&A) deals

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