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Volvo sees good demand this year after higher Q1 vehicle sales

However, EBIT for the first quarter fell to 4.7 billion Swedish crowns ($434.78 million) from...

Tesla targets 400 job cuts in Germany amid weak EV market

Tesla said the currently weakening market for electric cars is presenting the company with challenges....

Seating supplier Adient plans European job cuts as part of restructuring plan

Adient is cutting jobs in Europe and transferring other roles to countries with lower labor...

Tesla says it will accelerate new products after Q1 income drops 55%

Tesla said the new vehicles, including more affordable models, will use aspects of its next...

Mercedes explores electric frontier with G-Wagen off-roader

The G 580 retains the iconic boxy ladder frame design but ditches a combustion engine...

Tesla Q1 net income drops 55% to $1.1 billion; revenue slides 9% to $21.3 billion

Gross margin fell in the first quarter to 17.4 percent from 19.3 percent in the...

Seating supplier Adient plans European job cuts as part of restructuring plan

Adient is cutting jobs in Europe and transferring other roles to countries with lower labor...

VinFast adds 12 U.S. dealerships, including 5 in Florida and 4 in Texas

The Vietnamese automaker says it now has 18 stores across seven states. The new locations...

McLaren’s new F1-inspired halo to cost $2 million-ish, arrives in 2026

The British marque plans to build fewer than 400 examples of the 1,000-plus-hp track monster....

Tesla Cybertruck is loaded with advanced technology, says teardown expert Sandy Munro

Teardown expert Sandy Munro bought two Cybertrucks, one to tear down piece by piece and...

2 former dealership employees who started new marketing firm settle lawsuit

A Massachusetts dealership has settled a lawsuit that accused two former employees of breach of...

Fisker appoints chief restructuring officer after missing payment to noteholder

Fisker said in its 2023 annual report that it may have to file for bankruptcy...

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