Slate Auto has secured $650 million in a Series C funding round led by TWG Global, as it prepares to launch its first electric pickup trucks later this year. Supported by Jeff Bezos, the startup is aiming to...

Porsche AG is beginning to show the strain that comes when even the most carefully cultivated symbols of status are exposed to the harsher logic of a shifting global economy. The aura of inevitability that...

What you are looking at here is not simply a dispute over pick-up trucks. It is a classic example of how global corporations operate—through conflict between powerful economic blocs, each advancing the interests of its...

In 2025, BYD reduced its workforce by about 100,000 employees, bringing total staff to roughly 870,000, as the Chinese EV giant focuses on efficiency in an increasingly competitive market. The company emphasized that the cuts...

Czech automaker Skoda, owned by Volkswagen, announced it will exit the Chinese market by mid-2026, after struggling to compete amid China’s fast-moving shift to electric vehicles. Once Skoda’s largest market, with over 300,000 deliveries between 2016 and 2018,...

Europe’s largest automaker, the Volkswagen Group, is grappling with challenges from a slow transition to electric vehicles and growing competition from China. As part of plans to cut 50,000 jobs by 2030, VW will close its Osnabrueck plant,...