Automotive industry analysts have forecasted a potential halving of global petrol demand growth in 2024, a development that could exert pressure on refinery margins in the latter half of the year. This projection stems from...

Volvo Cars achieved a 27 percent surge in sales during April, culminating in a global delivery of 65,838 vehicles, according to the company’s latest disclosure. This upswing owes much to the burgeoning appetite for pure...

As Lucid Motors prepares to release its first-quarter earnings report on Monday, the company finds itself confronting apprehensions regarding its cash utilization and the evolving landscape of the electric vehicle market. In the spotlight of...

In early 2023, Jozef Kaban was dismissed by Volkswagen and succeeded by Bentley designer Andreas Mindt after failing to meet the expectations of VW’s CEO. Today he has been poached by MG Motors, MG who...

Tesla has implemented significant price reductions across key markets such as the U.S., Europe, and China, as a strategic response to diminishing sales figures and an overabundance of inventory. Notably, Tesla’s official website indicates a...

Outcast nation and perennial antagonist, Russia, has faced heavy sanctions from Western and European powers in recent years, primarily stemming from the Russia-Ukraine conflict. These sanctions aimed to exert immense pressure on Russia’s economy. However,...