Porsche is restructuring its business around lower sales volumes and a greater focus on high-end vehicles as it seeks to rebuild profitability amid weakening global demand and rising costs. The sports-car manufacturer plans to reduce...

The UK is reportedly considering tariffs on Chinese-made electric cars as it seeks to stay aligned with new EU rules designed to favour vehicles built in Europe. The move comes as Chinese carmakers rapidly expand...

Volvo Cars is facing a tougher second half of 2026 than expected, with third-quarter sales falling 11% year-on-year to 141,609 vehicles as difficult conditions in China and a slower recovery in the US premium market...

XPENG is raising more than US$900 million for its robotics business in what the company describes as the largest single-round private funding deal to date in China’s embodied AI sector. The Series A round values XPENG’s robotics...

Volvo Cars has withdrawn its previous full-year sales volume and cash-flow guidance, citing an increasingly challenging market and a weaker near-term outlook. The Swedish automaker said lower-than-expected sales had prompted it to reassess its expectations...

General Motors recorded a 5.5% year-over-year decline in U.S. sales during the third quarter, delivering 670,974 new vehicles as demand for its electric models weakened. The drop comes after a strong EV sales period last...