news

VW sees slower growth in 2024 on prices, intense competition

Chief Financial Officer Arno Antlitz pointed to a “muted economic outlook and intense competition” but...

Toyota’s Ted Ogawa: Better to buy credits than ‘waste’ EV investment

In an exclusive interview, Toyota Motor North America CEO Ted Ogawa says U.S. EV demand...

Bankrupt Lordstown Motors to pay $26M to settle SEC probe of exaggerated demand claims

SEC: “In a highly competitive race to deliver the first mass-produced electric pickup truck to...

Hyundai sales rebound in February, Kia slips again

The U.S. new-vehicle market is expected to expand 5.6 to 6.3 percent in February, helped...

SAIC-backed IM raises $1.1B for smart car development, expansion

IM will use the funds to work on new smart car models and technologies and...

VW’s Cariad unit taps Changan’s chief software architect as new China head

Cariad, the software unit of Volkswagen Group, appointed Frank Han, previously chief software architect at...

Audi said to plan full takeover of Sauber to run own F1 team

Audi already owns a minority stake in Sauber, but after Gernot Döllner replaced former CEO...

Polestar 3 output begins in China after software glitch delay

Polestar 3 production, delayed last year for software issues, has started in the southwest China...

Valeo lowers sales targets for 2025 as EV growth stalls

‘The market has changed,’ CEO Christophe Perillat said. The supplier has cut its sales estimate...

Next-generation Dacia Sandero will have EV option, brand CEO says

The current Sandero, Europe’s No. 2-seller, does not have an electrified version. That will change...

Fisker raises ‘substantial doubt’ as a going concern after $463 million Q4 net loss; 15% workforce cut planned

Fisker said it has entered negotiations with a “large automaker” for a potential investment, joint...

Fisker raises ‘substantial doubt’ as a going concern after $463 million Q4 net loss; 15% workforce cut planned

Fisker said it has entered negotiations with a “large automaker” for a potential investment, joint...

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