Focus on Automotive
EV firm Polestar taps former Stellantis finance executive as CFO
Jean-Francois Mady appointed CFO of Polestar as the EV maker faces tussle over EU tariffs and stiff competition.
Tesla’s China-made EV sales rise 3% y/y in Aug
Sales of U.S. automaker Tesla's China-made electric vehicles grew 3% in August from a year earlier, data from the China Passenger Car Association...
Norway’s electric car sales set new world record
Norwegian EV sales make up 94% of the market in August, setting records in a country that could sell only zero-emission cars 10...
USTR delays final determination on China tariffs, announcement due in coming days
The Biden administration Friday delayed an announcement of its determinations for US tariff hikes on Chinese EVs, batteries and solar cells
GM, Lithium Americas agree to delay $330 million investment in Thacker Pass
General Motors has delayed the second tranche of investment in Thacker Pass, worth $330m, Lithium Americas said on Friday
Tesla Beijing to recall 870 imported model X EVs, China regulator says
China's market regulator said on Friday that Tesla Motors Beijing will recall 870 imported Model X vehicles from Oct 8
GM must face big class action over faulty transmissions
A federal appeals court has ordered GM to face a class action lawsuit over claims that it knowingly sold vehicles with faulty transmissions...
Uber invests in UK startup Wayve to speed up self-driving projects
Undisclosed amount invested by ride-hailing giant as Wayve hopes to speed up development of systems.
Polestar shares rebound on funding boost, margins reassure
Polestar shares rise after announcing $1.3bn in external funding after months of setbacks.
EU new car sales flat in July as electric slumps, industry body says
Mixed trends across Europe leave EV sales losing market share, data shows.
