Rivian just took a hit, and it’s a canary in the coal mine for the EV market. The company lowered the midpoint of its 2025 delivery forecast, and shares plunged more than 7% in early...
Germany, long regarded as the industrial engine of Europe, has slipped further into contraction, its GDP shrinking by 0.3% in the second quarter after a brief rebound in the first. On an annual basis, growth...
John Elkann, heir to the Agnelli fortune and the helm of Ferrari and Sterile Corporate Monolith Stellantis, now finds himself embroiled in a bitter, almost Shakespearean legal struggle with his own mother. Margherita Agnelli has...
Volkswagen Group has announced a €5.1 billion ($6 billion) loss tied to a sweeping product overhaul at Porsche, its 75.4% owned sports-car division. This move reflects the realities of a market in flux: consumer demand...
Polestar has delayed its planned Polestar 6 convertible sports car as the Swedish automaker struggles with sales and finances. Instead, resources will go toward the Polestar 7 compact SUV and the next-generation Polestar 2, which...
Ford Motor Company has announced it will cut up to 1,000 jobs at its electric vehicle plant in Cologne, Germany, citing weak demand for electric cars. The company, in a terse corporate statement, reduced the...