Volkswagen to recall over 100,000 cars on fire risk
Volkswagen Group (VOWG p.DE) will have to recall more than 100,000 plug-in hybrid vehicles worldwide owing to a fire risk, according to a Volkswagen...
Ferrari to invest 500 mln euros in Italy
It was announced on Tuesday that Ferrari (RACE.MI) will invest up to around 500 million euros ($550 million) in its Maranello and Modena operations...
Bentley to launch one electric car every year from 2025-30
Bentley announced plans on Tuesday to produce a new electric vehicle every year for the next five years, starting in 2025, as its yearly...
Ukraine invasion: Musk’s dream for cheaper Tesla EVs gets delayed
The rising cost of raw materials, which has been exacerbated by Russia's invasion of Ukraine, might put a crimp in the plans of Tesla...
Electric, high-end cars rose Mercedes-Benz’s earnings
Due to supply chain constraints, Mercedes-Benz (MBGn.DE) reported an annual adjusted return on sales of 12.7 percent for 2021, with income from top models...
China’s BYD electric cars now available for sale in Australia
BYD, the Chinese automaker, has finally opened its mass order books in Australia after months of delays – but not for the "sub-$35,000" electric...
Toshiba to double power chip production with $1 billion
Announcing plans to more than treble production of power management chips, Toshiba Corp (6502.T) said it will invest approximately 125 billion yen ($1.09 billion)...
As demand rises, Ferrari hints on higher profits
Despite the COVID-19 pandemic, Ferrari (RACE.MI) delivered a record number of cars last year, as worldwide demand for luxury vehicles soared, and the sports...
Tesla to recall nearly 54,000 vehicles that disobeyed ‘stop’ signals
Tesla Inc. (TSLA.O) is recalling 53,822 vehicles in the United States that have the company's Full Self-Driving (Beta) software, which may allow some models...