auto
Toyota, Subaru shares drop on recalls of their first EV models
June 24, 2022
Tokyo, June 24 (BNA): Shares of Toyota Motor Corp (7203.T) and Subaru Corp (7270.T) dropped on Friday after the two Japanese car makers announced......
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EU lawmakers back ban on new fossil fuel cars from 2035
June 9, 2022
BRUSSELS: European Parliament lawmakers on Wednesday voted to support an effective EU ban on the sale of new petrol and diesel cars from 2035, rejecting......
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Mercedes to recall about 1 million older models worldwide
June 6, 2022
Berlin, June 5 (BNA): Mercedes-Benz is recalling almost a million older cars from around the world due to possible problems with the brake booster,......
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Musk backtracks on job cuts, says Tesla salaried staff to be 'fairly flat'
June 6, 2022
Vista, June 5 (BNA): Tesla Chief Executive Elon Musk said that the electric vehicle maker's total headcount will increase over the next 12 months,......
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Global automakers face electric shock in China-
May 27, 2022
If global automakers think they can extend their dominance in China into the electric era, they may be in for a shock. Kings of the combustion age......
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Texas-based electric motor maker Infinitum secures $80m to ramp up production: NRG matters
May 19, 2022
RIYADH: On a macro level, the energy sector remains unstable as a result of the Russia-Ukraine war. Carbon emissions are anticipated to increase......
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Volvo Cars reports 25% sales drop in April as lockdowns, supply woes weigh
May 5, 2022
Volvo Car Group’s monthly sales fell 24.8 percent in April from a year ago, the Sweden-based automaker said on Wednesday, as lockdowns in China......
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Growing GCC ownership of electric vehicles bodes well for a zero-emissions future
April 27, 2022
DUBAI: Among the many industries facing pressure to make fundamental changes to their production processes is the automobile sector, a major emitter......
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Japanese e-vehicle battery company to build Kentucky plant
April 16, 2022
A Japanese electric vehicle battery technology company will build a factory in Kentucky, creating 2,000 jobs in a $2 billion investment that reinforces......
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Honda to spend $64 billion on R&D as it revs up electric ambitions
April 13, 2022
Tokyo, Apr. 12 (BNA): Japan's Honda Motor Co Ltd said on Tuesday it plans to spend $64 billion on research and development over the next decade,......
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