Automotive

Rivian Shares Fall 6% as CFO Claire McDonough Departs for GE Vernova

Rivian stock dropped about 6% on Thursday after CFO Claire McDonough announced she would step down to join GE Vernova during the automaker's affordable-EV

Bank of Korea Raises Rate to 3% in Second Straight Hike

The Bank of Korea raised its benchmark rate 25 basis points to 3.0% on Thursday, a second straight hike backed by a chip-led export boom.

Warsh Cuts Fed Statement to 130 Words, Drops All Rate-Cut Language

Fed Chair Kevin Warsh shortened the post-meeting statement to 130 words from 341, removing all mention of future rate cuts and hinting at higher-for-longer

Trump Demands FCC Punish NBC Host, Treasury Bars Reporters From G20

Trump called for FCC punishment of NBC host Kristen Welker on Sunday as the Treasury barred NYT, WSJ and Bloomberg reporters from G20 events.

Bessent Says U.S. Will Sanction Another Bank Over Iran Ties This Week

Treasury Secretary Scott Bessent said the U.S. will sanction another bank this week to clamp down on Iran transactions, ahead of G20 meetings in North Caro

Porsche Deepens Restructuring, Targeting 9,000 Job Cuts by 2035 Amid EV Slowdown

Porsche will eliminate around 9,000 jobs by 2035 after adding 5,000 more cuts, as weak EV demand and tough competition in China pressure the carmaker.

Piper Sandler Upgrades Rivian and Mobileye, Citing Edge Over Legacy Automakers

Piper Sandler has upgraded Rivian and Mobileye, citing a structural advantage over legacy automakers as the robotaxi market expands.

Renault Slashes Engineering Workforce Amidst Rising Chinese Competition

Renault plans to cut 15-20% of its global engineering staff over the next two years to boost agility and compete with rising Chinese automakers.

Brazil Blacklists BYD Over Slave-Like Labor Conditions at Major Plant

Brazil's Ministry of Labour and Employment has blacklisted Chinese automaker BYD due to alleged slave-like labor conditions at its major plant construction site in Bahia, impacting its operations and reputation in the country.

China’s Electric Car Export Boom Defies Regional Turmoil

China's car exports soared nearly 74% in March 2026, as overseas demand for electric vehicles skyrocketed, offsetting slumping domestic sales and Middle East turmoil.

Tesla China Sales Surge in March, Marking Fifth Consecutive Month of Growth

Tesla's China-made electric vehicle sales experienced an 8.7% year-over-year increase in March, marking the fifth consecutive month of growth and highlighting the company's resilience in a competitive market.

US Lawmakers Seek Sweeping Ban on Chinese Autos and Auto Parts Amid Trade Tensions

US lawmakers, led by Senator Bernie Moreno, are pushing for a comprehensive ban on Chinese autos and auto parts, citing national security and fair competition concerns. The proposed legislation aims to extend restrictions beyond imports to include technology and software, drawing mixed reactions globally.

Chery Gears Up for South African Production by 2027

Chinese automaker Chery plans to start production at its newly acquired South African plant by the end of 2027, focusing on electrified vehicles and aiming to boost local employment and exports.

Cyngn Secures $9.65 Million in Direct Offering to Fuel Autonomous Vehicle Technology Growth

Cyngn Inc. successfully raises $9.65 million in a registered direct offering to fund its autonomous vehicle technology development and working capital needs.

NIO Accelerates Growth with Strong February Deliveries and Battery Swap Milestones

NIO reports a significant 57.6% year-over-year increase in February 2026 vehicle deliveries, alongside achieving 100 million battery swaps. Discover the details of their strong performance and milestones.

Tesla Ignites China’s AI Scene with New Training Center for Self-Driving Tech

Tesla launches a new AI training center in China to boost its Full Self-Driving capabilities, addressing data localization laws and intensifying competition in the EV market.

BYD Challenges U.S. Tariffs in Landmark Lawsuit, Seeking Entry for Electric Vehicles

Chinese EV maker BYD sues the U.S. government, challenging tariffs and seeking to open the American market to its electric vehicles.

Pony.ai and Toyota Accelerate Autonomous Future with Mass-Produced Robotaxis in China

Pony.ai and Toyota launch mass-produced robotaxis in China, featuring advanced autonomous driving technology and aiming for large-scale commercial deployment.

China’s EV Export Surge Reshapes Global Auto Market Amidst Western Concerns

Explore the surge in China's EV exports, its impact on the global auto market, and the concerns it raises in the West.

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