Automotive
Ford Beats Q2 Revenue Expectations and Reinstates Full-Year Guidance Despite Tariff Challenges
Ford Motor reported second-quarter revenue that exceeded expectations and reinstated its full-year guidance, despite ongoing challenges from tariffs imposed by the U.S. government. The automaker had suspended its guidance...
Eli Lilly’s Mounjaro Shows Heart Health Benefits Over Trulicity in Landmark Trial
Eli Lilly announced that its diabetes drug Mounjaro has demonstrated heart health benefits in...
Best Buy to Launch Ikea Mini-Showrooms in Select Stores
Best Buy announced plans to introduce mini-showrooms within some of its stores, featuring Ikea...
JPMorgan Chase Expands with 1,000 New Branches in Seven Years
JPMorgan Chase has opened 1,000 new branches over the past seven years, a number...
Moderna Announces 10% Workforce Reduction Amid Declining Covid Vaccine Sales
Moderna announced plans to reduce its global workforce by about 10% by the end...
Ford Beats Q2 Revenue Expectations and Reinstates Full-Year Guidance Despite Tariff Challenges
Ford Motor reported second-quarter revenue that exceeded expectations and reinstated its full-year guidance, despite ongoing challenges from tariffs imposed by the U.S. government. The...
Stellantis Reinstates Guidance Amid €2.3B Loss, Forecasts Gradual Recovery
Stellantis, the automotive group behind brands like Jeep, Dodge, Fiat, Chrysler, and Peugeot, has reinstated its financial guidance after reporting a first-half net loss...
Tesla’s Robotaxi Plans Face Regulatory Hurdles in California
Tesla’s ambitions to expand its robotaxi service into the San Francisco Bay Area are running into roadblocks from California state regulators. While CEO Elon...
Xiaomi Launches YU7 SUV to Challenge Tesla Model Y in China’s EV Market
Tesla’s dominance in China’s premium electric vehicle market faces a new test with the launch of Xiaomi’s YU7 SUV. Introduced with great anticipation, the...
BYD Overtakes Tesla in European EV Sales Amid Rising Demand and Tariff Pressures
Chinese carmaker BYD surpassed Tesla in battery electric vehicle (BEV) sales in Europe for the first time in April, signaling a major shift in...
Amazon’s Zoox Issues Second Software Recall Following Robotaxi Incident in San Francisco
Amazon’s autonomous vehicle unit, Zoox, has issued a voluntary software recall for the second time in a month following a recent crash involving one...
Cadillac EV Lineup Gains Momentum with Increasing Tesla Owners Switching Brands
Cadillac’s growing all-electric vehicle lineup is drawing a significant number of new buyers to the American luxury brand, including a rising share of Tesla...
Toyota to Offer 2026 RAV4 Exclusively as Hybrid and Plug-In Hybrid Models
Toyota Motor revealed that the 2026 Toyota RAV4, the best-selling SUV in the United States, will be offered exclusively as a hybrid or plug-in...
US Tariff Reduction Encourages Chinese Auto-Parts Exporters to Reconsider Local Expansion
The recent decision by the United States to temporarily reduce tariffs on Chinese imports has prompted auto-parts exporters from mainland China to reassess their...
Global EV Sales Rise 29% in April Despite Trade Tensions
In April, global sales of electric and plug-in hybrid vehicles rose by 29% year-on-year, reaching 1.5 million units. Despite trade tensions and economic uncertainties,...
Honda Profits Tumble as Tariffs Impact Outlook and Future Earnings Forecast
Honda reported a steep decline in its fourth-quarter operating profit, missing analyst expectations as the Japanese automaker braces for the continued impact of U.S....
GM Appoints Former Tesla and Aurora Executive Sterling Anderson as Chief Product Officer
General Motors has appointed Sterling Anderson as its new chief product officer, a strategic hire that underscores the automaker’s commitment to innovation across both...
China EV Makers Report Mixed April Sales as Safety and Innovation Take Focus
Chinese electric vehicle maker Xpeng reported deliveries of 35,045 units in April, maintaining its streak of exceeding 30,000 monthly deliveries for the sixth month...
BMW to Integrate DeepSeek AI in China-Made Vehicles Starting This Year
BMW has announced plans to incorporate artificial intelligence developed by Chinese startup DeepSeek into its new vehicle models in China beginning later this year....
