News

Volkswagen Labor Deal Secures Jobs, Saves Costs

Volkswagen's new labor agreement maintains operations in Germany while cutting jobs through early retirement and buyouts. The deal affects over 120,000 workers and is expected to save the company 1...

Honda and Nissan Consider Merger to Tackle EV Competitors

Japanese automakers Honda and Nissan are in discussions for a potential merger, aiming to strengthen their position against EV giants like Tesla and BYD. This strategic alliance could include Mitsu...

Automakers Urge Trump to Retain EV Tax Credit Amid Policy Changes

As President-elect Trump prepares for office, auto industry leaders plead to retain the $7,500 EV tax credit and stabilize emissions standards, emphasizing the importance of competitiveness and job...

Tesla's Remarkable Turnaround: Surging Gains and Future EVs

Tesla, once in a slump, is now experiencing its biggest gains in 11 years. Lower material costs, a booming energy segment, and the upcoming release of cheaper EVs are driving this turnaround.

Rivian Reduces EV Production Forecast Amid Supply Shortages

Rivian announces it will produce fewer electric vehicles in 2024 than in 2023 due to a critical parts shortage, revising its output forecast to 47,000-49,000 vehicles. This follows below-expectatio...