Car makers are beginning to feel the effects of the ongoing conflict in Iran and the de facto closure of the Strait of Hormuz. Among them...
Volkswagen has warned buyers of a possible price increase for new cars due to the war in Iran, reports the automotive industry magazine “Automobilvohe”. “The effects...
South Korean authorities have announced that they will carefully evaluate the announcement of an increase in US tariffs on cars and trucks from the European Union...
Japanese carmaker Toyota Motor reported a drop in vehicle sales worldwide for the second month in a row, mainly due to lower demand in the Middle...
The closure of the narrow Strait of Hormuz stopped oil tankers from reaching their destinations. But that’s not all. So far, more than 60 oil and...
Toyota Motor, Hyundai Motor, and Chinese automakers such as Chery face the biggest potential losses from a US-Israeli war with Iran, according to an analysis by...