Business ❯Automotive Industry

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Volvo Cars Cuts 3,000 Jobs and Reorients Toward Plug-In Hybrids

Volvo expects to save roughly €1.7 billion through the cuts to address weakening demand for pure electric vehicles.

Analysts Cut Tesla Price Targets as Tariffs Reshape Auto Industry Outlook

Ferrari to Launch First Electric Vehicle in October as Profits Continue to Surge

European Electric Vehicle Sales Decline in 2024 Despite Overall Market Growth

Honda and Nissan Explore Merger to Bolster EV Competitiveness

Nissan Ariya Gains Tesla Supercharger Access With Unique Adapter Requirement

Porsche Reassesses EV Strategy, Extends Focus on Gas and Hybrid Models

Rivian Shares Plummet as Production Forecast Slashed Amid Parts Shortage

Toyota Delays U.S. Electric Vehicle Production to 2026

Lucid Unveils Gravity SUV with Tesla Charging Port, Teases Affordable EV Lineup

Li Auto Leads with Record July Deliveries Amid Mixed Results for Chinese EV Makers

Porsche Adjusts EV Goals Due to Sluggish Sales

BMW Leads Q1 2024 Electric Vehicle Sales Surge