Focus on Transport
Porsche AG flags cost cuts as China weakness, slowing EV shift hits profits
Porsche AG may cut costs after a slower-than-expected transition towards electric vehicles and persisting weakness in the Chinese market.
Alphabet’s Waymo closes $5.6 billion funding to expand autonomous ride-hailing service
Waymo closes $5.6B funding round led by Alphabet to expand autonomous ride-hailing in key U.S. cities, including SF and LA.
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 Evergrande’s EV unit to cease discussions for stake sale
China Evergrande NEV’s potential sellers end stake sale talks; liquidators continue seeking buyers amid rising losses.
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.
EU, China agree to more talks on potential alternatives to EV tariffs
The EU and China will soon hold more talks on alternatives to EV tariffs, but significant gaps remain, the EU Commission said.
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.
Trump vs Harris: Competing visions for a warming world
Trump and Harris offer starkly different climate visions, with Trump's "drill" policies clashing against Harris' green energy support.
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.
German air-taxi maker Lilium’s units to file for insolvency, shares plunge
Lilium's German subsidiaries filed for insolvency amid a cash crunch, sending shares down 57 per cent.
