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Shares of Ferrari dropped sharply after the unveiling of its first fully electric vehicle, the “Luce,” which received a mixed reaction from investors and automotive critics. The launch marks a major turning point for the iconic luxury brand as it enters the fully electric vehicle market.......
Automotive group Stellantis has announced a major investment of more than €1 billion to develop and produce a new generation of electric vehicles at its Mulhouse manufacturing plant in eastern France. The investment, confirmed by French President Emmanuel Macron, is expected to begin supporting......
Ferrari shares dropped sharply on European markets following the unveiling of the company’s first fully electric vehicle, the Luce, at an event in Rome. The decline came as investors reassessed demand prospects for ultra luxury electric vehicles and questioned whether Ferrari could maintain its......
Ferrari has introduced its first fully electric vehicle, the Luce, at a dedicated event in Rome, marking a major milestone in the Italian manufacturer’s 78-year history. The launch signals a strategic shift for a brand long defined by high-revving combustion engines and motorsport heritage. The......
A major police investigation is underway in Paris after a highly organized theft targeted a luxury car concierge service in the 15th arrondissement, resulting in the disappearance of dozens of high-end vehicles. The incident occurred during the night of May 16 to 17, when a coordinated group of suspects......
Japanese automaker Nissan Motor Co. has reportedly abandoned plans to manufacture electric vehicle powertrains in the United Kingdom through its subsidiary JATCO, according to reports published by Japanese media. The project was initially planned for the city of Sunderland, where JATCO intended to establish......
Chinese automakers have expanded their footprint in Europe’s electric vehicle market, surpassing 15 percent of battery electric car sales in April. The milestone reflects a rapid increase in shipments driven by rising demand for lower-cost models and expanded export capacity from China’s......
Mercedes-Benz Group AG announced plans to introduce its urban autonomous driving system in Germany beginning at the end of 2026, marking another important step in the development of self-driving transportation technologies. The company stated that the point-to-point autonomous driving service will first......
Hyundai Motor has announced the recall of more than 421,000 vehicles in the United States due to a software problem that could unexpectedly activate the braking system. According to the U.S. National Highway Traffic Safety Administration (NHTSA), the issue is linked to the front camera software used......
Tesla has announced the recall of more than 14,000 Model Y sport utility vehicles in the United States due to a missing certification label related to vehicle weight specifications. According to U.S. automotive safety regulators, the issue involves the absence of an official label indicating weight......
Citroën has confirmed the return of the legendary 2CV in a fully electric version priced below €15,000, marking one of the flagship announcements within Stellantis’ broader FaSTLAne 2030 investment strategy unveiled during an investor event in Auburn Hills. Citroën chief executive......
Thailand’s consumer protection authorities are considering civil legal action against Swedish automaker Volvo Cars following new reports of battery-related fires involving its EX30 electric SUV model. The decision comes after two additional incidents raised fresh concerns about the safety of the......
Indian automotive components manufacturer Samvardhana Motherson International Ltd has reported a significant increase in quarterly profit, driven by strong global demand for vehicle parts such as wiring systems and exterior mirrors. For the quarter ending March 31, the company recorded a 42.5% rise......
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