Focus on Automotive
Tesla robotaxi event was long on promises, but investors wanted more details
Robotaxis topped Elon Musk’s to-do list Thursday night at Tesla’s long-awaited Hollywood unveiling.
Northvolt: Cash-strapped EV-battery maker in talks for 200 million euros in funding
Northvolt announced job cuts, raising fears that Europe's top EV battery hope may falter amid low demand and Chinese competition.
Porsche’s nine-month China sales plunge by third
Porsche on Friday posted a 29 per cent nine-month sales drop in China, joining peers BMW and Mercedes in reporting weaker results in...
Shift to EV-only future would spell job losses, Toyota chairman warns
A shift to an electric vehicle-only future could result in job losses for those in engine-related technology.
China’s Chery assembles cars in Russian plants vacated by Western rivals
Chinese carmaker Chery has started assembling cars in Russia for sale in the country at three factories vacated by Western rivals including Volkswagen...
Stellantis CEO plans major management changes: Bloomberg
Stellantis CEO Carlos Tavares is planning a deep management reshuffle amid the automaker's profit warning, Bloomberg News reported on Wednesday.
Daimler Truck Q3 sales drop 11%, dragged down by Mercedes brand, Asia
The world's biggest truckmaker delivered 114,917 units in July through September, versus 128,861 in the same period last year.
Brussels rejected China proposal for 30,000 euro minimum sales price in EV dispute, sources say
Brussels rejected China's proposal for a minimum price on imported EVs to avoid EU tariffs, citing subsidy concerns and market impact.
GM seeks to ease investor concerns as EV growth slows
GM aims to reassure investors that profits from ICE vehicles remain strong and EV sales are improving, despite slower demand.
Stellantis files new suits against United Auto Workers union
Stellantis filed eight more lawsuits against the UAW, alleging contract violations over strike threats tied to delayed investments.
