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

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....

Porsche to Launch China-Exclusive Infotainment System in 2026

Porsche has announced it will introduce an exclusive infotainment system designed specifically for the Chinese market in 2026, a move that underscores the luxury...

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