Polestar’s decision to expand in France, despite broader market headwinds, reveals a strategic pivot from global ambition to targeted profitability. With expansion into the U.S. and China proving less fruitful, Polestar is leaning into Europe,...

Geely Chairman and founder Li Shufu warned that the global automotive industry is facing “serious overcapacity” and announced that the Chinese automaker will not build new factories or expand existing ones. His remarks came during...

Marelli, a key automotive parts supplier owned by U.S. vulture equity firm KKR, is considering filing for Chapter 11 bankruptcy protection in the U.S., according to industry sources. The move is seen as a contingency...

In a significant shift, BYD overtook Tesla in European electric vehicle (EV) sales for the first time, registering 7,231 battery EVs in April compared to Tesla’s 7,165, according toindustry analysts. This milestone highlights BYD’s rapid...

Honda Motor has announced a major strategic shift, scaling back its electric vehicle (EV) investments and redirecting its focus toward hybrid models in response to waning global EV demand. The automaker has reduced its planned...

It’s hard to say whether Nissan’s consideration of closing its Japanese manufacturing plants is a strategic move to prompt a government bailout, but one thing is clear: Nissan is in serious trouble. Two car assembly...