Despite surging vehicle sales, the industry faces a sobering reality: profits are thinning, weaker players are folding, and Beijing is stepping in to curb what it now calls ‘rat race competition’.

Some told Eckard their factories could be idled by mid-July without backup magnet supplies. "The whole car industry is in full panic," said Eckard, CEO of Magnosphere, based in Troisdorf, Germany.

TUI River Cruises has unveiled its most extensive winter programme to date for 2026-27, featuring 33 sailings across its ...

Western Europe’s car market selling rate fell to 10.9 million units/year in May, from 11.2m/pa in April.

South Africa's closure of a tax loophole that benefited global discount e-commerce retailers Shein and Temu is starting to ...