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Toyota invests $531 million in Texas to produce axles in-house

Toyota will construct a 500,000-square-foot building and add 400 jobs to its complex near San...

Stellantis signals more job cuts ahead in cost-reduction crusade

After already making buyout offers and layoffs in recent months, Stellantis said it’s planning $200...

What was learned from Europe’s May sales

Volvo’s small electric SUV is hot; Tesla is not; Chinese automakers gained more share; 43...

VW T-Roc, Golf locked in tight May sales race for No.1; Tesla Model Y slides 49%

The VW T-Roc is poised to be Europe’s best-seller for the first time this year,...

Bugatti Tourbillon $4.1M plug-in hybrid hypercar replaces the Chiron

Bugatti has followed Ferrari by using plug-in hybrid technology to boost performance of its 1,800-hp...

China’s BYD says Mexico EV plant will employ 10,000 workers

The EV giant is in final negotiations for the location of the factory, with an...

CarMax’s Q1 net income falls 33% to $152 million, revenue slips 7.5%

The company said it retailed 211,132 used vehicles in its fiscal first quarter, down 3.1...

Welcome to the drought: Off-lease vehicle pool is about to dry up

Lease turn-ins are a valuable tool for dealers and automakers to control inventory levels. But...

Column: EV buyers’ remorse is a telling moment in economic history

More likely a blip than a pivot, McKinsey’s survey highlights need for affordable models that...

VW-backed Gotion, InoBat to build Slovakia EV battery plant

The companies aim to produce EV batteries with a combined annual output of 20 gigawatt...

VW’s battery business PowerCo gets new tech boss after former Apple exec quits

HW Vassen, who is head of series development at PowerCo, replaces Soonho Anh, who was...

China’s Gotion, InoBat to build Slovakia EV battery plant

The companies aim to produce EV batteries with a combined annual output of 20 gigawatt...

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