The highly competitive U.S. automotive market is proving to be a significant challenge for global carmakers, as weak prices, high inventories, and logistical difficulties erode …

These disappointing results were attributed to increasing price competition from rivals and a notable slowdown in global EV demand.

Lopez Obrador disputed Musk’s suggestion that heavy tariffs on Mexican-made cars under a potential future Trump administration would make investments in Mexico unfeasible.

Projections indicate a decline of 18 per cent from the previous month’s record shipments, with July imports estimated at 380,000 tons.

Rivian Automotive Inc. is likely to face trial over allegations that it encouraged former Tesla Inc. employees to steal trade secrets. This decision comes as …

Some industry experts argue that current oil prices are undervalued, anticipating a resurgence driven by looming supply shortages later in the year.

Toyota has confirmed that its tender offer will be priced at 2,781 yen per share and will be open from July 24 to August 26.

Chinese startup Windrose has announced plans to set up an assembly plant for its electric semi-trucks in the United States. The company aims to begin …

Geopolitical tensions have played a significant role in supporting oil prices.

Warren Buffett’s investment conglomerate, Berkshire Hathaway, has further reduced its stake in BYD, China’s largest electric vehicle (EV) producer, to below 5%. This move, disclosed …