Toyota to slash domestic production by 4,000 vehicles
After severe rains interrupted part deliveries, Toyota Motor Corp. announced on Wednesday that it would reduce domestic production in July by about 4,000 vehicles,...
Germany to decrease electric car subsidies in 2023
Following an agreement inside the ruling coalition, state-funded financial incentives for purchasing electric cars in Germany will be decreased starting in 2023, according to...
Silk-FAW to make electric sports cars in Italy
Earlier this week, Silk-FAW, a joint venture between Chinese automaker FAW and American automotive engineering and design company Silk EV, announced that it would...
Hyundai Motor’s net profit goes up by 59%
Hyundai Motor Co. reported a 59 percent increase in second-quarter earnings on Thursday as demand for the South Korean automaker's high-margin sport-utility vehicles (SUVs)...
Elon Musk’s Tesla sells its Bitcoin holdings
Tesla, which caused a stir when it disclosed a sizable investment in Bitcoin last year, has since sold off the majority of its assets.The...
Tesla EV sales gradually increasing in Australia
According to Chair Robyn Denholm on Tuesday, Tesla Inc.'s electric vehicle (EV) sales in Australia are rapidly increasing after starting from a low foundation...
Autopilot glitches: Munich court asks Tesla to reimburse customer
According to media, a Munich court has ordered Tesla Inc. to refund a customer the majority of the 112,000 euros ($112,884.80) she spent for...
Tesla planning to slash car prices on drop in inflation
Elon Musk, the CEO of Tesla Inc., suggested on Friday that if inflation slows down, the electric car manufacturer may drop automobile pricing.On Friday,...
Hyundai Motor launches first electric sedan
In an effort to gain a larger portion of the electric vehicle (EV) market, which is currently dominated by Tesla Inc, Hyundai Motor Co....