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BYD’s profit suffers amid fierce price war in China’s EV market
BYD, a Chinese electric vehicle (EV) manufacturer, has encountered a tough start to the year, with its first-quarter earnings showing...
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Boeing edged closer to junk status as S&P lowers credit rating outlook
Boeing's credit rating faced renewed pressure this week as S&P Global Ratings lowered its outlook on the aerospace giant, edging...
U.S. investigates Tesla’s 2 million vehicle recall over autopilot lapses.
The U.S. National Highway Traffic Safety Administration (NHTSA) announced on Friday that it has initiated an investigation into the adequacy...
Daimler truck faces strike threat from 7,300 US workers demanding better pay, job security
Daimler Truck, the heavy-truck maker, is on the brink of a strike as it negotiates a new labour contract with...
Toyota achieves record annual output and sales amid strong demand
Toyota Motor Corporation announced Thursday that its global sales and production had reached record levels in the fiscal year ending...
Global automakers join China’s electric charge at Beijing Auto Show 2024
The grand stage of China's largest auto show opened its doors on Thursday, showcasing the latest electric vehicles (EVs) from...
Mercedes-Benz announce plans to launch luxury electric van in China, world’s largest EV market
Mercedes-Benz is gearing up to introduce a luxury electric van tailored for the Chinese market, as revealed by Mathias Geisen,...
Electric car sales surge expected in 2024 but IEA highlights affordability and infrastructure challenges
The International Energy Agency (IEA) forecasted a significant rise in electric car sales for 2024, reaching 17 million units compared...
Dubai floods bring transportation in world’s 2nd busiest airport to standstill
Dubai, United Arab Emirates, recently experienced severe flooding due to record rainfall, causing significant disruptions to transportation and daily life....
Ford recalls nearly half a million vehicles in the U.S. over battery issues
Ford Motor Company has announced a recall of 456,565 units of select compact SUVs and pickup trucks in the United...
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