Automobile

European auto giant Stellantis said Thursday it would lay off 1,100 workers at its Jeep factory in Toledo, Ohio, in an effort to “regain its competitive edge” as it struggles with falling sales. Stellantis, a 14-brand...

Hyundai Motor Co warned on Thursday of slowing demand and intensifying competition, but stuck to its 2024 earnings target after reporting a 7% fall in third-quarter operating profit, sending its shares down more than 5%. “The...

Royal Enfield has officially launched in Bangladesh, offering motorcycles priced from Tk340,000 to Tk435,000, with a strong demand reflected in long pre-booking lines at the Tejgaon showroom, where customers eagerly waited to secure their orders after...

A British regulator has fined Volkswagen’s UK financial services unit 5.4 million pounds ($7 million) for unfairly treating financially-stretched customers between 2017 and 2023. Volkswagen Financial Services (UK) Limited, which has agreed to pay over 21.5...

General Motors and Ford Motor will likely have a tough time convincing investors when they report results that Detroit’s pricing power for gasoline cars is still strong and losses from their EV ventures are dwindling. GM...

Lucid CEO Peter Rawlinson said on Monday that a stock sale announced last week will provide the electric luxury sedan maker with a “cash runway well into 2026. Rawlinson said in an interview on the sidelines...

Voestalpine will reorganize its automotive component business locations in Germany, including the closure of one of the sites, to respond to falling demand and structural changes, the Austrian specialty steelmaker said on Friday. The plants in...

General Motors is eyeing further North American investments in lithium and other critical minerals used to build electric vehicles after boosting its investment in a Nevada mine to nearly $1 billion earlier this week, an executive...

The U.S. auto safety regulator on Friday opened an investigation into 2.4 million Tesla vehicles equipped with the automaker’s Full Self-Driving (FSD) software after four reported collisions, including a 2023 fatal crash. The National Highway Traffic...

Tesla said on Thursday it would recall more than 27,000 Cybertrucks in the United States due to delayed rear-view camera images that could impair driver visibility and increase crash risks. This is the fifth recall issued...