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U.S. Regulators Approve Capital One’s $35.3 Billion Purchase of Discover

U.S. banking regulators have approved Capital One's...

Automotive

Tesla Delays Production of Affordable Model Y, Targets 2026 Launch

Tesla's long-anticipated plans for an affordable electric vehicle have faced delays, including the production of a U.S.-made, budget-friendly version of its popular Model Y SUV. Initially slated for production...

Hertz CEO Acknowledges Investor Bill Ackman’s Support as Stock Soars

Hertz CEO Gil West expressed gratitude and appreciation following remarks from billionaire investor Bill...

Global Firms Compete for $1 Billion District Cooling Business in Abu Dhabi

Global asset managers, including KKR and I Squared Capital, are competing to acquire a...

COMAC Aircraft C909 Takes to Vietnam’s Skies

On Saturday, two Chinese-made COMAC aircraft, designated as C909, began flying commercial routes in...

Trump Administration Expedited Permitting for Critical Mineral Projects

The White House has announced that it will expedite the permitting process for 10...

Tesla Delays Production of Affordable Model Y, Targets 2026 Launch

Tesla's long-anticipated plans for an affordable electric vehicle have faced delays, including the production of a U.S.-made, budget-friendly version of its popular Model Y...

The Rise of Car Operating Systems: Revolutionizing Vehicle Technology

Modern vehicles are increasingly powered by sophisticated operating systems, a shift that started decades ago with the introduction of electronic control units (ECUs) in...

Waymo to Begin Autonomous Vehicle Testing in Tokyo in 2025

Waymo, Alphabet’s autonomous vehicle unit, announced plans to begin testing its self-driving cars in Tokyo in early 2025, marking its first international expansion and...

General Motors Ends Cruise Robotaxi Operations to Refocus on Core Business

General Motors (GM) has announced the shutdown of its Cruise robotaxi operations, marking a strategic shift toward its core automotive business and adjacent opportunities....

Nio Challenges Foreign Luxury Carmakers with ET9 Electric Sedan

Chinese electric vehicle (EV) manufacturer Nio has launched its latest luxury sedan, the ET9, aimed at competing with premium models like BMW’s 7 Series...

Volvo Cars to Begin Deliveries of EX90 SUV After Extended Delays

Volvo Cars has announced that it will begin delivering its highly anticipated EX90 SUV to customers before the end of this month, following a...

Volkswagen Faces Workforce Tension Over Proposed Factory Closures Amid Cost-Cutting Drive

Volkswagen’s management is preparing for a tense meeting with its workforce as it outlines plans for significant cost-cutting measures, including potential factory closures in...

Tesla Aggressively Cuts EV Prices in China, Surpassing BYD’s Reductions Amid Rising Market Competition

Tesla slashes EV prices in China, outdoing BYD's Han sedan cuts, as it navigates the world's largest EV market amid intense competition.

EU-China Trade Tensions: The Impact on European Auto Stocks and the German Automaker Dilemma

In recent events, the stocks of German automakers had a noticeable impact on Europe's auto index. The underlying cause was the mounting concerns about...

Tata Motors: Pioneering the Global Electric Vehicle Revolution

Tata Motors, the foremost electric car manufacturer in India, is spearheading a drive to test its electric vehicles (EVs) in select global markets. The...

European Commission Probes Chinese EV Subsidies: A Game-Changer for Auto Industry?

On Wednesday, the European Commission launched a significant probe to determine whether there's a need to levy punitive tariffs on Chinese electric vehicle (EV)...

ABB’s Strategic Swedish Robotics Investment: A Reflection of Global Production Shifts

In a recent announcement, ABB, a leading Swiss engineering and technology group, revealed its decision to allocate a sum of $280 million to establish...

Shiyan: A Green and Innovative Hub in China’s Automotive Landscape

Shiyan, a city located in the northwestern part of Hubei Province in Central China, has played a pivotal role in the nation's industrial development....

China’s booming NEV market attracts global luxury carmakers

Luxury carmakers from around the world flocked to the China International Consumer Products Expo, held in Haikou, the capital of China's Hainan province, to...

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