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Volkswagen AG is expected to see only limited financial relief even if it succeeds in securing refunds on U.S. import tariffs, according to the company’s chief financial officer. Speaking on Thursday, CFO Arno Antlitz said that any potential reimbursement linked to tariffs imposed by the United......
General Motors reported a strong increase in its first-quarter performance, with core profit rising by 22% year-on-year, supported by solid demand in the US truck market and improved profit margins in North America. The Detroit-based automaker posted earnings before interest and taxes of $4.3 billion,......
Chinese appliance maker Dreame Technology has introduced a concept electric vehicle equipped with rocket boosters, claiming performance levels that could surpass any production car to date. The Nebula NEXT 01 JET Edition was revealed in San Francisco, where the company said the vehicle can accelerate......
Toyota Motor reported a second consecutive monthly decline in global vehicle sales in March 2026, reflecting weaker demand in key regions and disruptions linked to both supply chains and model transitions. The downturn comes despite record production levels, highlighting a widening gap between output......
Electric vehicle sales in Europe rose strongly in the first quarter of 2026, while the United States recorded a steep contraction, underscoring a widening transatlantic divide in adoption trends. Data from the European Automobile Manufacturers' Association show that battery electric vehicle registrations......
Porsche has agreed to sell its holdings in Bugatti Rimac and Rimac Group to a consortium led by HOF Capital, marking a major strategic exit from a high-profile automotive partnership. The German carmaker is divesting its 45 percent stake in the Bugatti Rimac joint venture as well as its 20.6 percent......
Japanese automaker Mitsubishi Motors has announced the recall of more than 108,000 vehicles in the United States due to a potential safety issue involving the rear liftgate mechanism. According to the National Highway Traffic Safety Administration (NHTSA), the defect relates to the gas spring components......
Two major developments across the electric vehicle supply chain suggest that long charging times may soon decline. China based CATL unveiled a battery capable of recharging in minutes, while ChargePoint introduced a high power charging system designed to deliver faster energy transfer at scale. At its......
U.S. automaker Ford Motor Company has announced a large-scale recall affecting nearly 1.4 million vehicles across the United States due to a software-related issue, according to the National Highway Traffic Safety Administration (NHTSA). The recall is linked to a malfunction in the powertrain control......
Honda Motor Co. has announced a large-scale recall affecting more than 440,000 minivans in the United States due to a potential defect linked to airbag deployment. According to the National Highway Traffic Safety Administration (NHTSA), the issue involves certain Honda Odyssey vehicles equipped with......
South Korean automaker Hyundai Motor Company has announced a large-scale recall affecting more than 294,000 vehicles in the United States due to a potential safety defect involving seat belt anchors. According to the National Highway Traffic Safety Administration (NHTSA), the issue may cause the seat......
General Motors has announced a large-scale recall of more than 270,000 vehicles in the United States due to a defect affecting rearview camera systems. According to the National Highway Traffic Safety Administration (NHTSA), the issue may cause the camera display to show a distorted image or go blank,......
Ford Motor Company has announced a recall of more than 420,000 vehicles in the United States due to a potential malfunction affecting windshield wipers, according to U.S. safety regulators. The issue could impair the proper functioning of the wiper system, increasing the risk of reduced visibility during......
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