Mercedes-Benz to sack 3,600 employees in Brazil
In response to pressure on its output, Mercedes-Benz announced on Tuesday that it will lay off 3,600 workers in a restructure of its truck...
Aston Martin raising $660 million fund in rights issue
As significant investors, notably Saudi Arabia's national wealth fund, continue to believe in the struggling luxury British carmaker, Aston Martin, the company is raising...
Ford recalls 198k SUVs from US due to risk of fire
Following complaints of 25 fires, Ford Motor Co. (F.N) announced on Thursday that it is recalling 198,000 SUVs in the United States to replace...
Global vehicle output of Toyota falls again
As a result of COVID outbreaks, extreme weather, a recall investigation, and a lingering chip shortage, Toyota Motor Corp. reported on Tuesday that its...
Australia to increase electric car availability by reducing automobile emissions
The Australian government announced on Friday that, in an effort to catch up with other developed economies, it would enact new restrictions aimed at...
Twitter lawsuit looms, Musk sells Tesla shares worth $6.9bn
Elon Musk, CEO of Tesla, has sold an additional 7.92 million Tesla shares for approximately $6.88 billion (£5.7 billion).According to regulatory documents, the sales...
Toyota plans to produce 9.7 mln vehicles globally this year
In spite of announcing yet another production halt due to the COVID-19 outbreak, Toyota Motor Corp said on Wednesday that it would stick to...
Tata to buy Ford manufacturing plant in India for $91 million
On Sunday, Tata Motors Ltd. agreed to pay 7.26 billion rupees ($91.5 million) for Ford Motor Company's manufacturing facility in the western state of...
In Russia, Kia recalls 105,000 Rio cars
A probable airbag malfunction prompted Kia Corp.'s Russian unit to initiate a voluntary recall of more than 100,000 vehicles on Monday, according to a...
Latest articles