In today’s tech-driven world, a standard carpet is like a classical music lover at a folk concert. Surrounded by software, screens, and lasers, a carpet seems...
Nissan has named Ivan Espinosa, its former chief planning officer, as the new president and CEO, replacing Makoto Uchida. This leadership change follows an unsuccessful merger...
Germany’s Porsche has joined others in the struggling auto industry in plans to lay off workers. On Thursday, the brand unveiled plans to cut around 1,900...
Mercedes is set to lay off tens of thousands of employees as part of a restructuring to respond to market conditions. Following Volkswagen’s announcement of over...
Global sales of electric cars rose 25 percent last year, with growth in China and decline in Europe. A record 17.1 million battery electric vehicles, excluding...
For decades, they felt secure, but now anxiety grips Porsche workers as job loss fears permeate the company. Porsche is encountering serious difficulties, putting up to...
Mercedes needs to save more than five billion euros by 2027 and has already started implementing a package of measures that is very different from, say...
Stellantis and Chinese battery giant CATL have announced plans to jointly build a €4.1 billion lithium iron phosphate (LFP) battery factory in Spain. The 50-50 joint...
Volkswagen and Rivian have connected. Rivian’s expertise will contribute to the next generation of the VW Golf, among other projects. However, this won’t be available until...
Ford wants to reduce working hours at its Cologne plant. The reason is the disappointing demand for electric cars, which according to Ford is ‘significantly lower...
The American car rental company Hertz has reported significant losses in the past quarter, primarily due to a failed investment in electric vehicles. The net loss...
Nissan, the Japanese car manufacturer, announced today that it will be cutting 9,000 jobs as part of emergency measures in response to difficult market conditions. This...
Mercedes-Benz is to do more to rein in costs. The German carmaker suffers from fierce competition in China and persistently weak demand for luxury cars and...
The final import duties on Chinese electric cars are coming and Chinese manufacturers are preparing for it. There were a lot more Chinese EVs heading to...
Apple has spent roughly ten years and ten billion dollars developing an electric vehicle. The result? The project was cancelled. It has now been revealed that...
The next generation of BMW’s electric, petrol and diesel cars will not only look similar but will also share the same high-tech, futuristic features on the...
Toyota is having an excellent sales year in Europe. In the first nine months of 2024, more new Toyotas were sold than ever before in that...
The BMW Group’s car brands delivered fewer new cars in the first nine months of this year than in the same period last year. However, significantly...
For a BMW you pay on average twice as much premium as for the cheapest brand to insure: Citroën. This is evident from a data analysis...
Car sales in the European Union almost stagnated in July, data from the Car Manufacturers’ Association ACEA showed on Thursday. In July, around 850,000 cars were...
China’s Ministry of Commerce has met with auto industry leaders to gather opinions and suggestions on the possible imposition of import tariffs on foreign vehicles. The...
Sales of electric cars in Germany are stumbling primarily because they are expensive, and in general – with some exceptions – much more expensive than their...
Growing demand for hybrids and increased price pressure in the electric vehicle segment have led Ford to change its electrification plans. The American automaker has announced...
The German car manufacturer Porsche will take over a 32 percent stake in the battery manufacturer Varta after investing 60 million euros in the ailing company....
Times are challenging for the European auto industry, and some are ready to go even further and declare them catastrophic. When such estimates are presented by...
As recycling electric car batteries becomes a real challenge, Porsche has decided to reuse them to supply energy to its Leipzig factory. As more and more...
The Volkswagen Group delivered fewer cars in the second quarter of this year than in the same period last year. In addition, profit, including adjusted taxes,...
The Japanese car manufacturer has announced that they will build a special battery factory for Lexus electric models. Although it is focusing on hybrids, Toyota plans...
Information has arrived from AMG that their famous 4.0-litre V8 biturbo engine will remain in the story much longer than expected, but there is no hope...
In Germany, sales of electric cars fell the most in 2024, if you look at the European market. Now comes the news that 68.7 percent of...