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...

Automakers are preparing for significant policy changes under President-elect Donald Trump, including potential tariffs on imported vehicles from Mexico and other regions, as well as the rollback of electric vehicle tax incentivesand emissions standards. These shifts could encourage the production...

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...

Global sales of fully electric vehicles and plug-in hybrid cars surged by 30.5% year-over-year in September, driven by continued growth in the electric vehicle markets of China and Europe. China surpassed its previous EV sales...