Toyota profit dips 42% due to rising cost, disrupted supply
Toyota Motor Corp.'s first-quarter profit decreased worse than anticipated by 42 percent as the Japanese manufacturer struggled with supply shortages and increased costs.Toyota announced...
VinFast opens 8,000 additional jobs to boost production
As it speeds up production to deliver its first battery-powered SUVs to the United States by the end of this year, Vietnam's VinFast is...
Shenzhen promotes driverless cars in China
Three delivery bikes dart over the pedestrian crossing in front of the car on a busy downtown street. They appear to be little 3D...
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...
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