Australia’s household spending continued to show resilience in June, rising more strongly than expected despite higher borrowing costs, according to new data from the Australian Bureau of Statistics (ABS). Household spending increased by 0.8% during...

Lucid Group has reported weaker-than-expected second-quarter results as the electric vehicle maker embarks on an “operational reset” under new CEO Silvio Napoli, delaying its next midsize model while prioritising its robotaxi programme. The company now expects...

Aston Martin has turned to the private credit markets for survival, securing more than $500 million in financing from HPS, the private credit arm of BlackRock. It is a transaction that says as much about...

Ford and Geely have decided that if you can’t beat the future, you might as well build it together. The American giant and Chinese automotive powerhouse are teaming up on a new European manufacturing venture that...

Volkswagen has discovered the hard way that building millions of cars is easier than making money from them. The German giant has cut its 2026 revenue forecast after a bruising second quarter, with rising costs,...

The rescue of Aston Martin is not a story of revival. It is a story of the financial machinery that now governs a wounded industrial economy. The 113-year-old British automaker, a symbol once associated with...