Automobile

Hyundai Motor Co on Monday broke ground on a 2 trillion won ($1.52 billion) dedicated electric vehicle (EV) plant in South Korea, as the automaker accelerate a shift to electrification. Hyundai Motor, the world’s No.3 automaker...

Tesla Inc has increased the price for its Model Y high-performance version SUV in China by 14,000 yuan ($1,913.88) from Friday, it said on a social media notice, reports Reuters....Read More

General Motor’s Cruise has decided to pause driverless operations across its fleets, the company said on Thursday. “This isn’t related to any new on-road incidents, and supervised AV operations will continue,” Cruise said in a post...

Volkswagen is working to cut costs and sticking with its electric vehicle prices despite reductions at some rivals, as the German automaker aims to rebuild margins after quarterly profits were hit by bad bets on raw...

Ford autoworkers were set to head back to work after the United Auto Workers (UAW) union reached a tentative labor deal with the company late Wednesday. Ford was the first of Detroit’s Big Three car manufacturers...

Japanese automaker Honda and US giant General Motors said Thursday they were scrapping a tie-up that was aimed at producing “affordable” electric vehicles from 2027. “After extensive studies and analysis, we have come to a mutual...

German carmaker Mercedes-Benz said Thursday that its profits fell in the third quarter due to a drop in vehicle deliveries amid shortages of some parts. Net profits came in seven percent lower, at 3.7 billion euros...

Japan’s Honda and US auto titan General Motors announced on Thursday that they planned to launch a driverless taxi service in Tokyo in 2026, helping tackle labour shortages in an ageing society. Co-developed by San Francisco-based...

Vietnam’s VinFast has grand ambitions of selling its electric vehicles in the United States and Europe to compete with the likes of Elon Musk’s Tesla, but it is struggling to find buyers for its cars at...

Tesla’s results for the third quarter missed analyst estimates on Wednesday, as the Elon Musk-run company was hit by higher costs and the fallout from price discounts. The Texas-based electric vehicle giant said sales in the...