Volkswagen Group has announced a €5.1 billion ($6 billion) loss tied to a sweeping product overhaul at Porsche, its 75.4% owned sports-car division. This move reflects the realities of a market in flux: consumer demand...

Polestar has delayed its planned Polestar 6 convertible sports car as the Swedish automaker struggles with sales and finances. Instead, resources will go toward the Polestar 7 compact SUV and the next-generation Polestar 2, which...

Ford Motor Company has announced it will cut up to 1,000 jobs at its electric vehicle plant in Cologne, Germany, citing weak demand for electric cars. The company, in a terse corporate statement, reduced the...

Chancellor Merz is walking a familiar tightrope: caught between the profit imperatives of Germany’s powerful auto industry and the EU’s regulatory push toward a post-combustion future. At the IAA Munich auto show, Merz lent his...

John Elkann, heir to the Agnelli dynasty and chairman of Stellantis and Ferrari, has once again demonstrated how the powerful maneuver within systems designed to shield them. To end a criminal investigation into alleged tax...

Nissan shares fell 6.3% after Mercedes-Benz’s pension fund sold its entire 3.8% stake, worth about ¥47.83bn ($323mn), intensifying pressure on the struggling Japanese automaker. The divestment comes as new CEO Ivan Espinosa pushes a sweeping...