Industry News
British luxury carmaker Aston Martin issued a stark warning on Monday, reporting a sharp decline in annual profits and lowering its production forecasts due to supply chain issues and weak performance in the Chinese market....
By DCB Editorial
October 9, 2024
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...
By DCB Editorial
October 7, 2024
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...
By DCB Editorial
October 3, 2024
Mercedes-Benz CEO Ola Källenius is calling for a relaxation of European emissions standards, aligning with the stance of industry lobby group ACEA. In an interview with German Med, Källenius argued that stricter regulations could cost the...
By DCB Editorial
September 24, 2024
Mercedes-Benz has revised its financial outlook for the year, attributing the downgrade to a significant decline in its Chinese market, which is crucial for the company. The automaker now expects its main car unit’s returns...
By DCB Editorial
September 23, 2024
An Italian judge has ordered the seizure of nearly €75 million ($84 million) in assets from five individuals, including John Elkann, chairman of Stellantis and Ferrari, along with two of his siblings. The action is...
By DCB Editorial
September 21, 2024