Economy
Matthias Heck, Moody’s industry analyst, estimates that electric vehicles would have attained that market share after 2035 without these rules. He said the EPA’s...
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Matthias Heck, Moody’s industry analyst, estimates that electric vehicles would have attained that market share after 2035 without these rules. He said the EPA’s...
As production of the Ram 1500 Classic vehicle comes to a close, Stellantis the parent company of Chrysler, is ending production and potentially laying...
Tesla’s website stated that it will begin shipping the $100,000 Cybertruck this month after stopping orders for the $61,000 model. Elon Musk has invested...
According to a statement made on Wednesday by the U.S. auto safety commission, 77,131 Nissan vehicles are currently under preliminary review due to reports...
Lucid Group stated Monday that its largest stakeholder, Saudi Arabia’s Public Investment Fund, will invest up to $1.5 billion in new SUV production. Shares...
Three sources claimed banks advising Hyundai on its India IPO may gain $40 million in fees, a windfall in a sector where banks struggle...
On Wednesday, Italian Prime Minister Giorgia Meloni said that the government will strive to remedy the European Union ban on the sale of new...
Tesla said on Tuesday that it was recalling most Cybertrucks in the United States because of problems with its windshield wipers and external trim,...
CDK Global does not anticipate its dealer management software, used by US dealers, to be restored by the end of the month due to...
Volkswagen Group will spend up to $5 billion in Rivian in a new, equally controlled joint venture to share EV architecture and software, the...
Elon Musk helps me understand which laws in America are complex (contract law, possibly copyright law) and which are conventions. If you’re rich...
LG Electronics of South Korea has teamed up with ChargePoint to deploy more electric vehicle charging stations in the United States, the firms announced...
Henrik Fisker attempted to emulate Elon Musk’s charisma but failed. Like other electric vehicle companies, we have faced various market and macroeconomic headwinds that...
CDK Global, which offers management software to over 15,000 car dealerships in North America, is down for the second day due to a cyberattack,...
The Model Y’s 12-volt battery, which powers doors and windows, failed. A 20-month-old toddler was rescued after becoming stuck in a Tesla Model Y...
Chinese automakers allegedly demanded 25% import taxes on EU rivals’ automobiles if tariffs are imposed on Chinese vehicles during a closed-door meeting. European carmakers...
Thursday’s US District Court for the Northern District of Texas judgment sets the timetable for a high-profile battle over Media Matters’ study on social...
Tesla has a deal with Baidu to update its mapping software, bringing it closer to deploying FSD in China. The Chinese tech giant announced...
After President Joe Biden imposed steep tariffs on Chinese electric vehicles, solar panels, and other critical commodities, the United Steelworkers union and American industries...
The bloc ignores its main electric car manufacturers and prepared to impose further levies on Chinese imports, claiming “economic injury”. The EU will impose...
Tesla shareholders approved Elon Musk’s $56 billion remuneration proposal, a vote of confidence in his leadership and an incentive to focus on the electric...
The US Senate Finance Committee chairman has broadened BMW’s probe after the automaker imported automobiles using banned Chinese parts. Sen. Ron Wyden wrote to...
Volvo Cars has begun to relocate the manufacture of Chinese-made electric vehicles to Belgium in the assumption that the European Union will go ahead...
Saudi Aramco shares rose on Sunday, the first trading day following a secondary share offering estimated to garner at least $11.2 billion. The shares...
Chrysler is recalling over 211,000 vehicles in the United States owing to a software issue that could disable the electronic stability control system, the...
SpaceX’s massive Starship rocket launched from south Texas on Thursday for its fourth test toward orbit to survive a fiery re-entry through Earth’s atmosphere,...
Tesla will likely spend between $3 billion and $4 billion this year on hardware from chipmaker Nvidia, according to CEO Elon Musk in a...
CNBC reported on Tuesday that CEO Elon Musk has instructed Nvidia to prioritize shipments of AI processors to his firms X and xAI over...
Nissan Motor Company awards former Chief Operating Officer Ashwani Gupta $3.7 million in compensation for his abrupt resignation last year, according to a notice...
Toyota and Mazda suspended delivery of certain cars on Monday after Japan’s transport ministry found irregularities in model certification applications. The government found anomalies...
Tesla is recalling 125,227 vehicles in the United States owing to a problem with its seat belt warning system, the National Highway Traffic Safety...
Japan automakers will invest $4.3 billion in Thailand over 5 years. On Monday, a representative for the Thai government said that major Japanese automobile...
According to a statement released by a spokeswoman on Monday, the small vehicle division of Toyota Motor (7203.T), known as Daihatsu Motor, would reimburse...
The supervisory board of Volkswagen (VOWG_p.DE) has agreed to connect managers’ incentives to the firm’s absolute net cash flow beginning in 2024. According to...
The German manufacturer BMW Group (BMWG.DE) said on Thursday that it had been granted a test license for level 3 autonomous driving on high-speed...
During a presentation on Wednesday, Renault revealed that its long-standing partners Nissan (7201.T) and Mitsubishi (7211.T) have not changed their plans to invest in...
On Wednesday, the Japanese manufacturer of speed reducers, Harmonic Drive Systems (6324.T), announced that Toyota Motor (7203.T) will sell its full ownership in the...
The Moskvich automobile, which was manufactured during the Soviet period, made its debut on the list of the top 10 best-selling brands in Russia...
Toyota plans to expand battery EV line-up in Europe to six models by 2026. On Monday, Toyota Motor (7203.T) said it will expand its...
EV charging growth plans are slowed by the EU’s power grid problems. There are around 1,600 charging stations in Spain owned by Repsol (REP.MC),...
Following the highly anticipated unveiling of its Cybertruck, Tesla shares (TSLA.O) saw a decline of around 2% on Friday. This was because analysts were...
Toyota Group will sell the Denso stake as the component maker looks to buy back shares. According to the closing share price on Wednesday,...
Hota Industrial Mfg. Co. has been manufacturing gears, shafts, and other auto components in Taiwan for many years. These parts have been supplied to...
According to two people familiar with the situation, Toyota (7203.T) group firms want to reduce their stakes in car supplier Denso (6902.T) by selling...
U.N.-led talks weigh goal to reduce aviation emissions thorough less-polluting fuels. On Friday, a conference in Dubai that the United Nations presides over will...
Nio (9866. HK), a Chinese electric car manufacturer operating at a loss, announced on Tuesday that it would collaborate with Changan Automobile (000625. SZ)...
Car manufacturer Stellantis (STLAM.MI) and Chinese electric vehicle battery giant CATL (300750. SZ) said on Tuesday that they had signed a preliminary deal for...
A federal appeals court has said that Tesla Inc. (TSLA.O.) did not violate U.S. labor law when it forbade employees at its central Fremont,...
The next generation of the Toyota Camry, the best-selling car in the U.S. market, will only be available with a gas-electric hybrid powertrain. This...
EV demand in Europe is slowing as customers await affordable electric cars. Europe’s sales of electric cars seem to be slowing down after years...
Tesla plans to double its component imports from India. According to a post on social media platform X on Tuesday, Indian Trade Minister Piyush...
Fisker (FSR.N), an electric car startup, reported a lack of internal controls over financial reporting and lowered its production projection for 2023 on Monday....
As the carmaker transitions away from gasoline-powered automobiles, Hyundai Motor Co. (005380. K.S.) began construction on Monday on a factory in South Korea dedicated...
According to a story from the Handelsblatt published on Monday, which cited an internal corporate podcast as its source, Volkswagen (VOWG_p.DE) might eliminate administrative...
According to comments made by the airline’s chief operating officer on Monday, the newest airline in Saudi Arabia, Riyadh Air, continues negotiating with aircraft...
Ford’s Chicago plant UAW workers vote to ratify the deal with the automaker. A proposed contract with Ford Motor Company (F.N.) has been endorsed...
Continental boosts earnings on higher pricing and lower inventories. Following successful price negotiations, fewer inventories, and stabilized supply chains, Continental (CONG.DE) posted results aligned...
On Wednesday, Toyota Motor (7203.T) significantly increased its full-year projection and more than quadrupled its earnings for the second quarter, citing strong global sales...
Due to production problems with its new DB12 sports vehicle, British luxury automaker Aston Martin (AML.L) reported a more considerable than anticipated quarterly loss...
Iveco Group (IVG.MI), an Italian manufacturer of trucks and buses, increased its 2023 guidance on Wednesday for the third time this year following the...
Great Wall Motor, a Chinese automaker, said it has formally filed its comments to the anti-subsidy inquiry that the European Commission is conducting into...
According to a business letter, Toyota Motor (7203.T) of Japan is pleading with the Indian government to reduce taxes on hybrid automobiles by as...
Following ElectraMeccanica’s (SOLO.O) decision earlier this month to withdraw their proposed agreement, British electric truck manufacturer Tevva “re-engaged” with several potential merger partners and...
According to information on Thursday’s electric car manufacturer’s website, the Model X Plaid all-wheel drive in the United States has climbed from $89,990 to...
Infineon, a German chipmaker, announced on Wednesday that it has reached a multi-year arrangement with Hyundai and Kia to supply power semiconductors to assemble...
On Thursday, Kia Corp (000270. KS) showcased three new small-to-medium-sized electric vehicles (EVs) to further its electrification strategy. In an all-out effort to meet...
The union representing Kia Corp (000270. KS) in South Korea said it would put off its earlier Wednesday scheduled partial walkout to continue its...
According to a framework agreement with the German military, Rheinmetall (RHMG.DE) secured another order for artillery ammunition for Ukraine. By the most recent call-off,...
Explore Elon Musk’s game-changing impact on Renewable Energy and Solar Power. Learn how Musk’s vision is reshaping the energy landscape. KEY TAKEAWAYS Innovation...
Explore the groundbreaking Neuralink startup by Elon Musk, delving into brain-computer interface technology’s revolutionary potential. KEY TAKEAWAYS Neuralink’s Mission: Neuralink, led by Elon...
Discover how Elon Musk’s Boring Company is revolutionizing urban mobility with tunneling technology for traffic alleviation. KEY TAKEAWAYS Innovative Tunneling Technology: The Boring...
Lucid opened its first international EV factory in Saudi Arabia. A pact to advance Saudi Arabia’s push toward electrification saw electric car manufacturer Lucid...
Ford Motor (F.N) halted development on a $3.5 billion electric car battery facility in Michigan on Monday, citing worries about its ability to operate...
Top-end, electrified Mercedes sales grow in Q2. Mercedes-Benz, a renowned luxury automobile manufacturer, has witnessed a significant surge in sales during the second quarter,...
U.S. government requests Tesla’s Autopilot probe updates. The U.S. agency responsible for auto safety has sought updated responses from Tesla as part of an...
On Monday, Kuniko (KNI.AX) announced an offtake and equity investment deal with automaker Stellantis (STLAM.MI) to boost its Norwegian battery metals initiatives. Kuniko said...
Nissan (7201.T) shareholders re-elected its CEO and other board nominees at an annual meeting on Tuesday, days after senior management split amid claims of...
On Monday, British luxury manufacturer Aston Martin (AML.L) announced a deal to give U.S. electric vehicle (EV) maker Lucid Group (LCID.O) a 3.7% share...
Rivian (RIVN.O) has purchased Swedish EV route planning software developer Iternio to add its technology to its electric trucks and SUVs and utilize its...
Mercedes drivers will soon use ChatGPT voice control. ChatGPT is becoming mobile. Mercedes-Benz (MBGn.DE) announced Thursday that ChatGPT might power some of its luxury...
According to its website, Tesla Inc (TSLA.O) raised the US pricing of its Model Y electric car on Tuesday. The website showed that the...
BYD’s sole agent announced on Wednesday that two showrooms and a service center in Hong Kong have reopened after being vandalized earlier this week....
EV charging body says Tesla’s charger connector is unstandardized. On Monday, CharIN, the industry group promoting the Combined Charging System (CCS) standard to charge...
Two sources close to Volkswagen (VOWG_p.DE) said Monday that the supervisory board would meet on Tuesday to discuss a savings program ahead of its...
As criticism mounts over financial losses and lackluster sales, Chinese electric vehicle producer Nio (9866. HK) announced Monday that it would decrease pricing for...
On Thursday, Lucid Group’s president of China operations, Zhu Jiang, said the company is poised to join the world’s largest auto market. A non-media-authorized...
Chongqing Changan Automobile (000625. SZ) rejected local media reports that it arbitrarily lowered supplier payments by 10% in a statement to Reuters on Wednesday....
On Monday, the China Passenger Car Association (CPCA) said that Tesla Inc. (TSLA.O) delivered 77,695 China-made EVs in May, up 2.4% from April. Sales...
Volvo automobiles (VOLCARb.ST) sold 60,398 automobiles in May, up 31% year-over-year. The 31% increase follows a difficult 2022, when COVID-19 lockdowns in China, chip...
Institutional Shareholder Services (ISS) advised Toyota Motor Corp (7203.T) shareholders to support a resolution demanding the carmaker to disclose its climate change advocacy. ISS...
Mahindra’s Q4 profit climbs 22%, declares dividend On Friday, Mahindra & Mahindra Ltd. (MAHM.NS) reported a 22.1% increase in fourth-quarter profit, led by SUV...
On Thursday, Great Wall Motor (601633. SS) reported BYD (002594. SZ) to China’s regulators, alleging that its two top-selling hybrid models did not fulfill...
On Tuesday, Tesla (TSLA.O)’s website listed China-made Model 3 and Model Y cars for sale in Canada, confirming its first shipments to North America...
After months of negotiations with Russian authorities, Volkswagen (VOWG_p.DE) sold its Kaluga production plant and local companies on Friday. VW said VW sold its...
Hyundai, Kia settle US car thefts for $200 million. On Thursday, lawyers for Hyundai Motor (005380. K.S.) and Kia Corp (000270. K.S.) announced a...
Indian officials discussed Tesla’s automobile and battery incentives. A source familiar with this week’s conversations told Reuters that Tesla Inc (TSLA.O) had inquired how...
On Thursday, Toyota Motor Corp (7203.T) and two allies introduced a micro-sized electric vehicle for Japan’s delivery industry during the G7 meeting in Hiroshima....
Tesla’s new factory proposal in India revives market negotiations. According to someone familiar with the situation, Tesla Inc (TSLA.O) has proposed building a factory...
Musk claims Tesla won’t survive a harsh economy. Tesla Inc. (TSLA.O) CEO Elon Musk cautioned that the global economy will be tough for the...
BYD Co Ltd (002594. SZ), China’s largest electric vehicle maker, has created a new division and hired thousands to catch up in autonomous driving....
On Wednesday, VinFast’s creator predicted it would break even by 2024. Pham Nhat Vuong, chairman of Vingroup (VIC.HM) and founder of VinFast, told investors...
When Tesla Inc. (TSLA.O) introduced its new vehicle-assembly system in March, auto industry experts debated whether CEO Elon Musk’s “unboxed” technique was radical, revisionist,...
Rivian Automotive Inc (RIVN.O) surged 7% on Wednesday as its good profits stood out in a terrible quarter for electric-vehicle startups, but analysts cautioned...
On Wednesday, Honda Motor Co (7267.T) announced a strategic partnership agreement with Taiwan Semiconductor Manufacturing Co (TSMC) (2330. TW) to ensure a reliable semiconductor...
Tesla prepares China-to-Canada Model Y shipment. According to a person with firsthand knowledge and a production letter seen by Reuters, Tesla has started manufacturing...
In what appears to be the first trial involving Tesla’s Autopilot feature, jurors told Reuters that the electric-vehicle maker clearly warned that the partially...
On Saturday, data indicated that Tesla’s market share in California dropped in the first quarter despite significant price cuts as rivals stepped up. According...
CEO believes Ford must rebrand for China as EVs rise. Chief Executive Jim Farley said Ford Motor Co. (F.N.) must rebrand for China’s growing...
On Thursday, the California attorney general and 17 other states requested a federal regulator to recall Hyundai and Kia automobiles because they lack safety...
In the world’s largest auto market, automakers competed to attract drivers with amenities like crystal balls, in-car karaoke systems, and 3D dashboards at the...
On Thursday, Chinese online users accused German automaker BMW (BMWG.DE) of discrimination at the Shanghai auto show after workers at its Mini stand gave...
Nissan launches EV for China to compete in the top auto market. On Tuesday, Nissan Motor (7201.T) presented a new electric SUV at the...
New battery sourcing restrictions would deny Volkswagen, BMW, Nissan, Rivian, Hyundai, and Volvo electric vehicles a $7,500 tax credit, the U.S. Treasury announced Monday....
VinFast, a Vietnamese electric vehicle producer, shipped a second batch of 1,879 longer-range VF 8 SUVs on Monday to expand into international markets. VinFast,...
Tesla Inc.’s (TSLA.O) first-quarter margins are expected to hit a three-year low as the electric-vehicle maker cut prices to attract more buyers in a...
According to online posts and workers, Tesla (TSLA.O) Shanghai manufacturing workers are using social media to appeal to Elon Musk and the Chinese public...
Indonesia’s investment minister stated Volkswagen would establish an electric vehicle (E.V.) battery ecosystem alongside Vale, Ford, and Zhejiang Huayou Cobalt. Automakers want Indonesia’s raw...
On Friday, Indian carmaker Tata Motors (TAMO.NS) announced a second price rise this year due to rising input costs and regulatory changes making car...
On Thursday, Volkswagen’s (VOWG_p.DE) software business, Cariad, announced a 51% joint venture with ThunderSoft for Chinese connection and infotainment systems. “The needs and requirements...
Renault (RENA.PA) signed a long-term contract with French startup Verkor to create 12 GWh of electric batteries per year, including for its Alpine microcar....
Chinese electric vehicle maker Zeekr launched a compact, all-electric sport utility vehicle, targeting a premium market in China that German automakers have dominated. The...
On Wednesday, Mercedes-Benz Group (MBGn.DE) reported that EV and luxury car sales increased marginally in the first quarter. Europe grew 8% to 503,500 automobiles....
Ford Motor Co. (F.N.) announced Tuesday that it would begin retooling its Oakville, Ontario SUV assembly factory to make electric vehicles next year, meeting...
On Tuesday, Ferrari announced a partnership with Samsung Display to employ OLED display panels in future cars. Chief Executive Benedetto Vigna stated that the...
Hyundai Motor Group announced on Tuesday that it will invest 24 trillion won ($18.14 billion) in South Korea’s electric vehicle (EV) sector through 2030...
The head of a U.S. congressional committee on China raised concern about Tesla Inc.’s (TSLA.O) dependency on China a day after the firm unveiled...
Tesla Inc (TSLA.O) tweeted on Sunday that it will construct a Shanghai facility to produce 10,000 Megapack energy products per year to support its...
A California Tesla owner filed a class action lawsuit against the electric manufacturer on Friday for violating consumer privacy. Reuters revealed Thursday that Tesla...
Toyota Motor Corp (7203.T) will launch ten new battery-powered vehicles and seek to sell 1.5 million E.V.s a year by 2026 to catch up...
Tesla (TSLA.O) cut U.S. prices by 2% to roughly 6% on Thursday, extending a negotiation effort that might hurt profitability. The sixth dip in...
Four sources said Toyota Motor Corp (7203.T) is considering a manufacturing floor makeover as it plans a switch to a specialized battery electric car...
Ford Motor Co. (F.N.) introduced a new electric Courier van to compete with Arrival S.A. and other electric van startups for European business clients....
The 123rd annual New York International Auto Show, which takes place from April 7–16 at the Jacob K. Javits Convention Center in Manhattan, is...
On Wednesday, Volvo Car AB (VOLCARb.ST) said that its March sales rose 10% to 162,938 automobiles, boosted by its completely electric cars. In the...
Tesla (TSLA.O) cautioned that its “sentry mode” may breach German data privacy rules after vzbv sued it for not revealing that it gathers a...
After the market-shaking Swiss action to cancel Credit Suisse notes, Mitsubishi UFJ Financial Group Inc (8306.T) would delay the selling of Additional Tier-1 (AT1)...
On Saturday, a top Volkswagen AG (VOWG p.DE) China official reaffirmed the German automaker’s commitment to accelerate electrification in the world’s second-biggest economy despite...
Honda Atlas Vehicles Pakistan Ltd. (HATC.PSX) extended its longest factory stoppage to 15 days on Friday, blaming the country’s economic difficulties, limits on import...
BMW (BMWG.DE) relies on efficient design and recycling to lower battery prices, its finance head said on Friday, unlike other competitors investing in mining....
Tesla Inc. (TSLA.O) announced a $7,500 tax credit for its Model 3 ear-wheel drive would be lowered by March 31, pending U.S. Treasury Department...
On Friday, a source told the Wall Street Journal that Rivian Automotive Inc. (RIVN.O) is moving elements of its manufacturing engineering team to Illinois...
Ford Motor Co (F.N.) said Friday that its BlueOval City facility in western Tennessee would create up to 500,000 electrified trucks annually. Ford’s Project...
On Thursday, the Ministry of Industry and Information Technology stated China would stabilize vehicle, consumer electronics, and home appliance consumption and increase green construction...
On Thursday, VinFast said it would start delivering its new electric SUVs to local and abroad clients this week in the following months. VinFast,...
On Tuesday, Tata Motors (TAMO.NS) announced a 5% pricing increase for commercial cars to meet new emission standards. The business said in an exchange...
On Tuesday, the European Court of Justice (ECJ) decided that Mercedes-Benz (MBGn.DE) must compensate customers whose unlawful cutoff mechanisms in diesel vehicles have harmed....
According to Reuters, BYD (1211. HK), the world’s best-selling electric car company, has cut shifts at two Chinese auto assembly factories. BYD, which outsells...
The CEO of Stellantis (STLAM.MI) luxury brand Maserati wants to improve its operating profit margin to 15% in 12 months and 20% by the...
A coalition of 22 U.S. state attorneys general asked Hyundai Motor (005380. KS) and Kia Corp (000270. KS) on Monday to do more to...
VinFast, a Vietnamese EV startup, announced Friday that three top sales and customer-service executives departed this week. The ambitious Vietnamese automaker’s management changes continue....
Volkswagen (VOWG p.DEtechnology )’s board member aims to invest in mines to lower battery cell prices, fulfill half of its own needs, and sell...
On Thursday, technicians at Nissan Motor Co. (7201. Smyrna)’s Tennessee facility voted against establishing a union. According to the U.S. National Labor Relations Board,...
After suffering a loss of about 700 million euros ($742 million) due to the effects of Moscow’s conflict in Ukraine, the Czech automaker Skoda...
Six of Volkswagen’s executive face criminal charges in ties with the company’s emissions-cheating scandal. Of the six executives, one is the former head of...
Global warming exists. The more fossil fuels we use the more our ozone disintegrates. We must start imposing stricter environmental policies in an attempt...