The spectacular rise and fall of Tesla’s stock is not merely a reflection of market volatility; it is emblematic of investors, blinded by the cult of Elon Musk, who convinced themselves that his proximity to...

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...

With over a population of 1 billion people Volkswagen has a beloved reputation in China among older buyers for build quality, ride handling and prestige. However, the legacy automaker is struggling to provide an EV...

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...