KATHMANDU: Ford Motor has cancelled an electric vehicle (EV) battery supply agreement worth about $6.5 billion with South Korea’s LG Energy Solution, reflecting a broader slowdown in the global EV market. LG Energy Solution said Ford terminated the deal after…

KATHMANDU: Ford and Renault have officially teamed up to develop a new range of affordable electric vehicles for the European market. The agreement marks a major step for both companies as they work to stay competitive against fast-growing, low-cost Chinese…

KATHMANDU: Ford Motor Company is reconsidering the future of its Maraimalai Nagar plant near Chennai, India, which has remained idle since mid-2022. The American automaker is weighing options to either restart operations or write off its investment as recent U.S.…

KATHMANDU: Even in a country where around four million cars are sold every year, not all automakers can survive. India, now the world’s fourth-largest car market, has proven to be one of the toughest places for global brands. As local…

KATHMANDU: Maruti Suzuki India has entered the list of the world’s top carmakers by market value. The company’s market capitalization now stands at $57.6 billion, placing it in 8th position globally, according ET. This makes Maruti more valuable than Ford,…