In 2025, BYD reduced its workforce by about 100,000 employees, bringing total staff to roughly 870,000, as the Chinese EV giant focuses on efficiency in an increasingly competitive market. The company emphasized that the cuts...

Czech automaker Skoda, owned by Volkswagen, announced it will exit the Chinese market by mid-2026, after struggling to compete amid China’s fast-moving shift to electric vehicles. Once Skoda’s largest market, with over 300,000 deliveries between 2016 and 2018,...

Europe’s largest automaker, the Volkswagen Group, is grappling with challenges from a slow transition to electric vehicles and growing competition from China. As part of plans to cut 50,000 jobs by 2030, VW will close its Osnabrueck plant,...

Lamborghini reported mixed results for 2025, posting record revenue of €3.2 billion and all-time high deliveries, but lower profits due to U.S. tariffs, currency pressures, and costs linked to cancelling its planned fully electric model....

The illegal war in Iran, waged by an empire in decline, has sent shockwaves through the global economy, driving gasoline prices to levels that sow uncertainty among carmakers, dealers, and drivers alike. Yet amid this...

Volkswagen Group is confronting a profound inflection in the global energy and mobility landscape. As electric vehicle demand fails to meet earlier projections, the company is strategically pivoting from a narrow focus on EV production...