Economy
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...
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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...
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...
The German automaker Volkswagen (VOWG_p.DE) decreased its profit margin projection for the current year, disappointing some investors, and its shares dropped more than 3%...
Beyonca, a manufacturer of electric vehicles, announced on Monday that it had signed an investment deal with Al Faisaliah Group Holding Company of Riyadh....
On Wednesday, AB Volvo (VOLVb.ST), which announced a higher-than-anticipated increase in quarterly earnings, stated that it anticipates a slowdown in the European and North...
As pricing competition in the biggest car market in the world heats up, Chinese electric vehicle startup WM Motor has filed for bankruptcy, signaling...
The chief financial officer of BMW (BMWG.DE) stated on Friday that the inquiry into subsidies for electric cars (EV) built in China and sold...
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...
Volkswagen confronts investor concerns over Xinjiang audit independence. Maintaining transparency and accountability has become paramount in a rapidly evolving global business landscape. Volkswagen, a...
Nissan Motor Co (7201.T) announced Wednesday that it will not fill Ashwani Gupta’s former COO role under a new management structure. It added other...
Rivian (RIVN.O), an electric car startup, adopted Tesla’s (TSLA.O) charging standard on Tuesday, giving Rivian customers access to the largest U.S. charging network and...
Stellantis (STLAM.MI) and Foxconn (2317. TW) will design and sell vehicle electronics from 2026. SiliconAuto will offer Foxconn and other clients Stellantis and its...
Hyundai Motor Co (005380. K.S.) announced on Tuesday that it will invest 109.4 trillion won ($85.4 billion) through 2032, dedicating a third to meet...
Chinese electric car producer Xpeng Inc (9868. HK) launched City NGP (Navigation Guided Pilot) in Beijing. Xpeng said City NGP is available in Guangzhou,...
Swedish electric self-driving truck company Einride announced a partnership with Scandinavia’s largest postal service, PostNord, to reduce CO2 emissions in Norway by 2,100 tonnes...
In an interview posted Wednesday, Chief Operating Officer Ralf Brandstaetter said Volkswagen (VOWG_p.DE) will not participate in a discount competition in China “at any...
Toyota Motor Corp (7203.T) stated Wednesday that Oceana and Asia customer data, except Japan, may have been publicly accessible from October 2016 to May...
Hyundai and Wuling electric car sales rise due to Indonesia tax drop. Auto executives reported that Indonesia’s largest economy’s electric vehicle (EV) adoption increased...
On Saturday, Ford Motor Company (F.N) announced it would begin accepting orders for its best-selling F-150 Lightning pickup truck the next week to raise...
Volvo Cars (VOLCARb.ST) announced Thursday that it would lay off 1,300 Swedish office workers as it cuts costs. In a statement, Chief Executive Jim...
On Friday, Great Wall Motor Co Ltd (601633. SS) revealed that its Iracemapolis facility in Brazil will begin operations on May 1, 2024, and...
Mercedes-Benz (MBGn.DE) raised its vans division’s annual adjusted return on sales prediction to 11-13% from 9-11% on Thursday and said it anticipated meeting the...
Geely’s EV brand Zeekr is the latest to use Tesla’s “gigapress” die-casting method to lower electric car prices. Zeekr’s production technology head Jiang Kehong...
Skoda Auto, a subsidiary of Volkswagen (VOWG_p.DE), announced plans to extend its electric vehicle lineup to six models by 2026, raising the company’s e-mobility...
On Tuesday, Mitsubishi Motors Corp (7211.T) reported a one-time loss of 10.5 billion yen ($78.31 million) due to decreased sales in China. Mitsubishi did...
BluSmart, an Indian ride-hailing startup, is betting on an all-electric taxi fleet to take market share from Uber and Ola. Prime Minister Narendra Modi’s...
China’s auto market, the world’s largest, is moving toward electric vehicles, leaving global names behind. Auto executives will return to a very different market...
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)...
Volkswagen is based in Wolfsburg, Lower Saxony, Germany. Established in 1937 by the German Labour Front under the Nazi Party and revitalized into a...
Ferrari NV unveiled a new limited-run retro model that the storied Italian manufacturer is billing as its most aerodynamically efficient car ever. The Daytona...
Reports have it that the Chinese tech giant, Huawei had initially scheduled to launch their MateBook X Pro earlier this week, but due to...
Tesla tossup Elon Musk announced on Tuesday that he is considering taking the company private, as he loathes having to constantly answer to investors....
Tesla troubles On Wednesday, Tesla CEO Elon Musk reported that the company may not meet its goal of one million Tesla vehicles by 2020....
Tariffs hit GM General Motors (GM) reported on Wednesday that they will post fewer earnings than they originally anticipated. The forecasted drop stems from...
Waymart? Walmart revealed Wednesday that their location in Chandler, Arizona will feature self-driving cars that lead customers to and from the store. When customers...
Saudi Arabian women are officially able to drive now after a longtime ban that has been lifted. The ban was lifted just after midnight...
All aboard the self-driving bandwagon GM and Softbank are the most recent firms to invest in self-driving cars. Japanese holding company Softbank announced its...
Uber is taking flight In its first research and development facility outside North America, Uber will build a center in Paris, France. Uber plans...
Imported car tariffs may be in the near future President Trump’s most recent tariff idea after the aluminum and steel tariffs is on imported...
When the Meridian Magnesium Products of America’s main factory in Michigan was set ablaze by afire two weeks ago, so were the jobs and...
Tesla has lost a couple of their major executives in the past week, foreshadowing a rapid decrease in stock price that has already started...
Tesla Model 3 sedan’s production is on another “planned production pause”. There are problems in its highly computerized assembly line. Tesla Inc. has recently...
Trump Administration considers adding a 25% tariff on Chinese car imports. China retaliates with an equal 25% of 106 U.S. imported goods. Tesla Inc....
Recently approved New York state budget includes a surcharge in ride-hailing services. The additional funds will go into the maintenance and upgrade of the subway....
The annual New York International Auto Show is happening right now. The highlights of the event are vehicles that holds a level of practicality,...
In recent years, pollution has become an increasingly alarming problem, which can be traced back to the outrageously high levels of toxic nitrogen oxide...
In January, with funding from Lux Capital and other venture capital firms, two former members of Apple’s Special Projects Group, Soroush Salehian and Mina...
Proterra, the California-based manufacturer of electric buses, said Tuesday that its new, 100 percent electric Catalyst E2 model set a range record at a...
Carpooling service Via just completed a funding round, the proceeds of which the company intends to use to expand its service in the U.S....
Italian-American automaker Fiat Chrysler announced plans Wednesday to join an autonomous car development consortium with Germany’s BMW and American tech giant Intel, MarketWatch reports....
Tesla will meet with the California and Nevada Departments of Motor Vehicles to talk about testing a semi-truck in those states, Bloomberg reported Wednesday. ...
SoftBank CEO Masayoshi Son has indicated intentions to make inroads into the US ride-hailing market with a multi-billion dollar investment in Uber or Lyft,...
Toyota announced Thursday that it will join forces with Mazda to build a $1.6 billion assembly plant in the U.S., The New York Times...
Müller Battles Corporate Traditionalism As He Pulls Volkswagen Into the Modern Age Volkswagen AG CEO Matthias Müller is fighting against a corporate culture of...
A Toyota spokeswoman said Monday the company sold off its shares in American automaker Tesla last year, CNN’s Alec Macfarlane reports. Toyota purchased a...
The Audi A8, which debuted Tuesday at the Audi Summit in Barcelona, represents the company’s boldest foray yet into the next generation of auto...
Beginning in 2019, Volvo will stop producing automobiles powered solely by gasoline and will build hybrids and fully-electric vehicles exclusively, CEO Hakan Samuelsson announced...
US automakers reported a decline in new vehicle sales for the fourth straight month on Monday. Experts anticipated the dip, which comes on the...
Tesla, Inc. plans to mass produce a budget-friendly electric automobile for the first time. With a $35,000 price tag and a range of 215...
It appears that Ford isn’t the only automaker to be making recalls on its vehicles. Hyundai and Kia are recalling over 1.4 million cars...
Automakers in North America are reaping the benefits of their success through profit sharing. For some 52,000 General Motors employees in the United States,...
Honda announced this Friday that its sales jumped by at least 36 percent. This was just for the October-December months. Dismissing damage done by...
Not too long ago President-elect Donald Trump criticized General Motors for its decision to build its cars in Mexico. Now, however, the automaker announced...
The air bag corporation Takata Corporation in Japan will plead guilty to criminal wrongdoing. Takata and the U.S. Justice Department agreed to a $1...
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...
For the first time in over a decade, Mercedes-Benz surpassed BMW in sales last year. This feat comes after Daimler, Mercedes’ parent company, switched...
Fiat Chrysler Automobiles (FCA) says it will move jobs from Mexico to Michigan. FCA announced that it will make 2,000 jobs in Michigan. It will also invest $1...
Ford Motor Co. and General Motors are joined by another automaker receiving Trump’s criticism. Trump once again took to Twitter. He made it known that...
In April Ford announced it had decided to build a new $1.6 billion plant in San Luis Potosi, Mexico. President-elect Donald Trump opposed the...
The two largest automakers in South Korea, Hyundai and Kia, estimate a rise in auto sales by 4.7 percent. This year the two automakers...
Chief executive Brian Krzanich has recently announced that Intel will invest $250 million in self-driving cars with the hopes to “make fully autonomous driving...
President-elect Donald Trump seems to believe he did a great service to American autoworkers by persuading Ford Motor company to keep its Lincoln plant...
Lyft, rival car service to the ever-expansive company Uber, has officially arrived in NYC to compete against the reigning driving service. The move to...
Imagine an element that can power a car for a hundred years without refueling. Or can power an entire town without having to use...
At the 2014 NY INTERNATIONAL AUTO SHOW we get to experience the thrills of the road and the cars that will occupy them. All...