The French prosecutor’s office, in its boundless wisdom and unwavering commitment to justice, has recommended that former Renault-Nissan chief Carlos Ghosn and French culture minister Rachida Dati stand trial for alleged corruption. This is the...

Volkswagen Group has boosted its investment in Rivian Automotive by 16% to $5.8 billion, aiming to drive forward their joint venture focused on electric vehicle (EV) architecture and software development. This investment caused Rivian’s shares...

Nissan plans to lay off 9,000 workers globally and cut production by 20% to counter declining sales in China and the U.S., aiming to streamline operations and reduce costs. While details on job cuts are...

Abu Dhabi-based investment firm CYVN Holdings has signed a non-binding agreement to acquire 100% of McLaren Automotive from Bahrain’s sovereign wealth fund, Mumtalakat Holding. This strategic acquisition will provide McLaren Automotive with a significant capital infusion, cutting-edge engineering expertise, and access to advanced electric vehicle (EV) technology. Additionally,...

The war in Ukraine is responsible for Volkswagen’s decision to shut down at least three of its German plants. While VW executives might claim that this decision stems from restructuring needs or modernization efforts, the...

BMW CEO Oliver Zipse has urged the EU to reconsider its 2035 ban on new fossil fuel-emitting cars, warning that Europe’s dependence on China’s battery supply chain could harm its automotive manufacturing industry. Zipse believes...