Mercedes-Benz’s demand rises significantly
Mercedes-Benz is nearly sold out of electric cars, owing to tight supply chains that make it difficult for the premium manufacturer to keep up...
Close fight with Tesla for e-car crown by 2025: Volkswagen CEO
Volkswagen has a difficult road ahead in meeting its self-imposed goal of being the world's top seller of electric vehicles by 2025, according to...
Nissan to invest over $700 million in Mexico
Nissan Motor Co (7201.T) said on Wednesday that it will invest more than $700 million in Mexico over the next three years to expand...
Porsche invests $400 mln in EV-startup Group14
Group14, an electric car battery company, announced on Wednesday that it had received $400 million from a consortium of investors led by Porsche (PSHG...
Audi, Porsche to join Formula One
Volkswagen's premium brands Audi and Porsche will join Formula One after persuading the German automaker that the move will generate more revenue than it...
Tesla recalls 48,000 vehicles from US over speed display
Tesla (TSLA.O) is recalling around 48,000 Model 3 Performance vehicles in the United States because the speedometer may not appear while in "Track Mode."The...
Musk sells Tesla shares worth $8.5 billion after buying Twitter
Elon Musk, the CEO of Tesla Inc (TSLA.O), sold $8.5 billion in shares in the electric vehicle maker, according to U.S. regulatory filings, likely...
Volvo Cars’ profit exceed expectations as demand persists
After reporting earnings beyond expectations, Volvo Cars (VOLCARb.ST) said on Thursday that demand for its products remained high and that chip restrictions were progressively...
Tesla lost $126 bln in value amid Musk’s Twitter funding concern
Tesla Inc (TSLA.O) lost $126 billion in value on Tuesday, as investors worried that Chief Executive Elon Musk would have to sell stock to...