Focus on Automotive
China’s BYD boosts production and hiring amid Q3 growth
The Chinese EV maker posted an 11.5% rise in third-quarter net profit.
EV maker Nikola posts bigger-than-expected quarterly loss, shares fall
The EV maker's shares plunged 5% on the news that it had fallen over $10 million short of revenue expectations.
Volkswagen calls for 10% pay cuts
Volkswagen wants its workforce to take pay cuts of 10 per cent in order to remain competitive and safeguard jobs.
Chinese EV giant BYD beats Tesla in quarterly revenue for first time
China's BYD reported surging sales, surpassing Tesla in quarterly revenue for the first time as it expands into overseas markets.
China tells carmakers to pause investment in EU countries backing EV tariffs, sources say
China advises automakers to halt investments in EU nations backing new EV tariffs, potentially widening the Europe-China rift.
Ford investors impatient for the automaker to rev up efficiency efforts
Ford stock dropped 8% this week as quality and cost issues raise concerns over CEO Farley’s efficiency plans and lagging EV goals.
Stellantis to recall over 33,000 Ram trucks, NHTSA says
Stellantis recalls 33,777 Ram 1500 trucks in U.S. due to potential damage in front wheel hub encoder rings, affecting stability control.
Chinese automaker Geely steps up challenge to BYD with new hybrid tech
Geely’s new Leishen hybrid tech outperforms BYD in fuel efficiency with 2.62L/100km and 2,390 km range, boosting hybrid competition.
Toyota to get Suzuki’s first-ever EV as partnership expands
Suzuki's Indian unit will supply its first electric vehicle to Toyota, marking their first collaboration on green vehicles.
Abu Dhabi’s CYVN Holdings enters non-binding deal to buy McLaren’s automotive business
Abu Dhabi's CYVN plans to acquire McLaren's automotive business, which could see a boost in EV technology.
