News

German electric-vehicle sales are projected to drop for the first time in eight years as signs of a slump in the EV market are spreading. …

Toyota Motor, said it would suspend shipments of some models including the Hilux truck and Land Cruiser 300 SUV after finding irregularities in certification tests for diesel engines developed by affiliate Toyota Industries. …

Polestar said it plans to cut around 450 jobs globally, about 15% of its total workforce amid "challenging market conditions." …

Hyundai has signed a deal to sell its two Russian plants, making the South Korean company the latest global automaker to exit Russia since the Ukraine conflict began. …

Hyundai predicted slower sales growth this year due to weak demand and economic uncertainties such as interest rates and inflation, signaling further challenges for the auto industry. …

Norway's traffic safety regulator said it had found no basis for ordering a recall of Tesla's S and X Model vehicles following an investigation into a suspension safety issue. …

Tesla CEO Elon Musk said that Chinese automakers will "demolish" global rivals without trade barriers, underscoring the pressure the US electric vehicle market leader faces from rivals such as BYD, who are racing to expand world …

Italian Prime Minister Giorgia Meloni blasted Stellantis for its efforts to move car production to lower-cost countries at a time when the auto industry is struggling to shift to electrification. …

Tesla has told suppliers it wants to start production of a new mass market electric vehicle codenamed "Redwood" in mid-2025, according to four people familiar with the matter, with two of them describing the model as a comp …

Volvo and its parent Geely may need to take Polestar private, according to Bernstein, which sees shares in the struggling electric-car maker declining further amid intense competition. …