In a calculated manoeuvre emblematic of late-stage capitalism’s relentless assault on labour, Mercedes-Benz has secured an agreement to offer buyouts and slash planned salary increases, all in the name of “efficiency.” While the company assures...

Polestar, the Swedish electric vehicle maker, has secured up to $450 million in additional loan funding, yet the company’s fourth-quarter results will be delayed until April. This decision comes as Polestar grapples with an accelerating...

Former Tesla Model S engineer-turned-Lucid CEO Peter Rawlinson has been removed from his position following the company’s latest financial results, which revealed continued losses. However, Rawlinson’s 12-year tenure at Lucid Motors, including five years as...

Porsche is set to cut 1,900 jobs in Germany by 2029 as part of cost-cutting measures aimed at reversing declining profitability amid weak electric vehicle (EV) demand and challenging geopolitical and economic conditions. The job...

Xiaomi Auto has made a surprising move by partnering with Hyperion Leasing (Tianjin), a subsidiary of the state-owned China National Machinery Industry Corporation (Sinomach), to facilitate the export of its electric vehicles (EVs) to major...

Corporate mergers — like trying to get two rival rock bands to share a stage without someone throwing a drumstick. The recent talks between Honda and Nissan have hit the skids faster than a supercar...