Focus on Automotive
Biden proposal would ‘effectively prohibit’ sale of Polestar cars in US, automaker says
Polestar stated that a proposed Biden rule banning Chinese vehicle tech would "effectively prohibit" its sales in the US.
Automaker Ford weakens profit outlook, shares fall
Ford Motor expects to meet only the lower end of its profit guidance, forecasting $10 billion in earnings, as shares drop five per...
Mexico raises concerns about US plan to bar Chinese vehicle software, hardware
Mexico warns the U.S. that restricting Chinese tech in connected vehicles could disrupt supply chains, raise costs, and impact jobs.
Volkswagen labour chief sounds alarm on mass layoffs, three German plant closures
Volkswagen to close three German factories and lay off thousands, increasing pressure on the government amid economic woes.
Volkswagen weighs wage cuts, bonus reductions in push to save four billion euros: report
Volkswagen is exploring a series of cost-cutting measures for its core brand, including a 10 per cent wage cut and a two-year wage...
Ontario government moves to extend 5.7 cent gas tax cut to June 2025
Premier Doug Ford says his government will soon put forward legislation to keep the tax at nine cents per litre until June 30.
Stellantis to start making new Lancia Gamma at Italy’s Melfi plant in 2026
Stellantis to start Lancia Gamma production in 2026 at Melfi plant, aiming to boost Italian output amid falling local production.
China’s WeRide raises $440.5 million through US IPO, placement
Self-driving firm WeRide reached a $4.21B valuation after raising $120M in its U.S. IPO, benefiting from eased regulations.
Mercedes car earnings plunge as China shuns luxury
Mercedes-Benz's Q3 earnings in the car division fell 64%, missing estimates, due to a weak Chinese market and model revamp costs.
VW’s Scout Motors unit will offer EV SUVs, trucks with gas engine option
Volkswagen's Scout Motors unveiled electric SUV and truck concepts with up to 500-mile range, adding gas engines for extended range.
