Focus on Automotive
Lyft inks deals with Mobileye, others to bring robotaxis to ridehail platform
Lyft partners with Mobileye, May Mobility, and Nexar to advance self-driving taxis and compete with Uber in the robotaxi market.
EV maker Rivian may report first quarterly revenue drop since IPO
EV maker Rivian's plight comes amid a broader slowdown in electric vehicle demand due to cheaper hybrids.
Stellantis CEO did not confirm Maserati EV plans, union says
Unions criticize Stellantis CEO Carlos Tavares for not confirming Maserati’s electrification plans, raising concerns.
GM recalls 107 Bolt vehicles over fire risk
GM recalls 107 Bolt EVs over fire risk after diagnostic software issue; owners urged to limit charging and follow safety steps.
Europe auto struggles lead to cuts at Michelin, Germany’s Schaeffler
Michelin and Schaeffler's job cuts reflect challenges in the European auto industry amid rising energy costs and market shifts.
Norway speeds ahead of EU in race for fossil-free roads
Electric cars make up 96.4% of new car sales in Norway, which aims to be fossil fuel-free by next year.
Tesla’s Oct China-made EV sales fall 5.3%
Tesla reported a 5.3 per cent decline in October EV sales in China. Meanwhile, Chinese rival BYD hit a record 500,526 units.
China’s Nio plans to sell its first hybrid car overseas only, sources say
Nio plans 2026 hybrid launch under Firefly brand for overseas markets, addressing EV challenges in Europe and Middle East.
Czech Republic joining Italy to fight carmakers’ CO2 fines
Czech Republic will join Italy in seeking to prevent carmakers from facing penalties when tougher CO2 emission rules take effect in the EU.
VW cost cutting necessary after ‘decades of structural problems’, CEO tells paper
Volkswagen CEO Blume calls cost-cutting vital to tackle "decades of structural issues" amid low EU demand, China profit drops.
