The contract will build on General Motors plan to create a strong, sustainable battery electric vehicle or EV supply chain to support its EV production …

Tesla initiates internal review of employee roles, fueling speculation of layoffs as CEO Elon Musk warns of slowing sales growth.

Uber Technologies reports strong financial results for the holiday quarter, including its first annual net profit.

Following a recent collision with an autonomous driving unit, various unions and safety advocates have called for industry-wide probes into driverless vehicles.

The IEA anticipates that India will witness a substantial increase in oil demand, with a projected rise of nearly 1.2 million barrels per day (bpd) …

China’s new energy vehicle (NEV) sales witnessed a significant drop of 38.8% compared to the previous month, marking the first decline since August 2023.

Ford forecasted a pretax profit of USD 10 billion to USD 12 billion for 2024, building on its previous year’s earnings of USD 10.4 billion …

Rivals Honda and Nissan also saw gains as investors anticipate that their strong hybrid lineups will benefit from the shifting dynamics in the automotive market.

The ministry’s guidelines urge NEV manufacturers to actively address foreign trade restrictions by enhancing collaboration with overseas firms.

The move comes as the company faces intense scrutiny over its handling of the incident.