Automobile

China’s Xiaomi Corp said on Monday it aimed to deliver 130,000 electric vehicles this year, raising its forecast for the third time as the automaker upstart posted a 30.5% jump in third-quarter revenue. CEO Lei Jun...

Nissan Motor shares jumped as much as 6% in early Tokyo trading on Friday after Japan’s Diamond Online magazine reported that activist investor Oasis Management had taken a stake in the automaker. Nissan’s shares had also...

General Motors is laying off nearly 1,000 workers worldwide, mostly in the U.S., as it looks to streamline operations, a source told Reuters on Friday. GM confirmed in a statement it had made job cuts but...

German automaker Volkswagen and US electric vehicle manufacturer Rivian aim to begin selling cars equipped with the technology developed from their joint venture by 2026, the companies said Tuesday. The collaboration, focusing on automotive software and...

Toyota aims to make at least 2.5 million vehicles a year in China by 2030, three people said, an overhaul that will see it bring its Chinese sales and production operations closer together and allow local...

Japanese automaker Nissan on Thursday announced 9,000 job cuts as it slashed its annual sales forecast, saying it was “facing a severe situation”. “Nissan will cut global production capacity by 20 percent and reduce its global...

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...