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

Mercedes-Benz Urges EU-China Cooperation on EV Tariffs

Mercedes-Benz CEO Ola Källenius has voiced strong support for a collaborative and balanced approach to resolving trade tensions between the European Union and China...

GAC Commits to Safety Responsibility for Level 4 Autonomous Vehicles

Guangzhou Automobile Group (GAC), one of China’s prominent automakers, has announced its commitment to assuming full responsibility for the safety of Level 4 autonomous...

Nissan to Invest Over $1.3 Billion in China by 2026

Nissan Motor has announced plans to invest over 10 billion yuan (approximately $1.37 billion) in China by the end of 2026. This significant investment...

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)...

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