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

China Unveils New Rules to Regulate International Car Data Transfers, Paving Way for Tech Growth

China has released new rules on cross-border automotive data transfers, detailing requirements and exemptions to facilitate global collaboration while securing sensitive data. Tesla leads as the first foreign carmaker to comply, signaling expansion of autonomous driving in China.

Shanghai Offers Up to 20,000 Yuan in 2026 Car Trade-In Subsidies With Jan. 10, 2027 Cutoff

Shanghai published detailed 2026 trade-in and scrappage subsidy rules that can reach 20,000 yuan for eligible buyers. The policy sets vehicle-age thresholds, documentation requirements, and deadlines through early 2027.

China Bans Hidden Car Door Handles Starting Jan. 1, 2027, Citing Emergency Safety Risks

China will require mechanical interior and exterior door releases on passenger vehicles starting in 2027, accelerating design changes for models using retractable, flush handles. Automakers have until 2029 to update already-approved models.

China’s Dongfeng Eyes Turkish Production for Passenger Cars

Chinese automaker Dongfeng Motor is reportedly in discussions with an investor to establish passenger car production in Turkey. This move signals a growing trend...

Geely Auto Overtakes Volkswagen in China, Securing Second Place Amidst Shifting Market Dynamics

Geely Auto has experienced a significant surge in China's automotive market, surpassing Volkswagen and claiming the second position in sales. This shift underscores the...

Toyota Electrifies Iconic Hilux Pickup for European Market

Toyota has officially unveiled the all-electric version of its legendary Hilux pickup truck at the Brussels Motor Show. This marks a significant step for...

Automakers Slash Prices in China as Competition Intensifies and Sales Decline

Major automakers, including BMW and General Motors, are implementing significant price cuts on a wide range of vehicles in China. This aggressive strategy comes...

EU and China Inch Towards Resolution on Electric Vehicle Tariffs

The European Union and China have taken a significant step towards de-escalating their trade dispute over electric vehicles (EVs). The European Commission has released...

Volkswagen’s China Market Share Shrinks as Geely Auto Surges

Volkswagen has experienced a notable decline in sales within the crucial Chinese market, leading to a drop in its ranking as Geely Auto continues...

Xiaomi SU7 EV Gets Major Overhaul: Enhanced Range, Safety, and Performance Challenge Tesla

Xiaomi has officially opened pre-orders for a significantly upgraded version of its popular SU7 electric sedan. The refreshed model boasts notable improvements in range,...

Ford Offers Subprime Buyers Special Financing to Boost F-150 Sales

Ford Motor is ramping up efforts to drive sales of its flagship F-150 pickup truck before the close of the third quarter, launching a...

Ford Expedition SUV Sales Surge 54%, Marking 21-Year High

Ford’s redesigned three-row Expedition SUV is driving impressive sales growth for the automaker. In August, Ford sold 8,724 Expeditions, a 53.7% increase from the...

Classic Car Market Faces Generational Shift as Monterey Auctions Hit $400 Million

Monterey and Pebble Beach are set to host one of the largest classic car events of the year, with an estimated $367 million to...

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...

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