Volkswagen AG $VOW3.DE is actively exploring the establishment of vehicle production facilities in Egypt. The German automaker seeks new growth opportunities in Africa as domestic demand within the European market shows signs of fatigue. Martina Biene, Managing Director of Volkswagen Group Africa, confirmed the interest in Egypt as a strategic manufacturing base and underscored the company’s intention to present an official proposal in the near future.

Hyundai Motor Co. $HYMTF, South Korea’s leading automaker, is set to raise retail prices for its entire range of vehicles in the United States. This strategic maneuver comes as the company seeks to cushion the financial strain from newly imposed tariffs by the US administration. According to sources familiar with internal deliberations, Hyundai aims to increase the manufacturer’s suggested retail price (MSRP) by approximately 1% for every model, a change expected to take effect next week. Notably, this adjustment will impact only new units entering the US market, with existing dealer inventory remaining unaffected.