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...

The U.S. Securities and Exchange Commission (SEC) is investigating Fisker Inc., the bankrupt electric vehicle (EV) manufacturer. According to a filing made on Friday, the regulator has issued multiple subpoenas to the company. Fisker filed...

Ford Motor Company has urged the British government to ease stringent regulations requiring a significant portion of vehicle sales to be electric by 2025, citing insufficient customer demand and the need for more incentives. Despite...

Volvo, along with a coalition of 50 companies, has urged the European Union to maintain its net zero plan to phase out new combustion-engine cars by 2035, emphasizing the need for electrification to meet climate...