Mazen Salhab attributed the price drop to the end of peak summer demand and a negative shift in traders’ sentiment.

In June, the joint venture announced a halt to work on the gigafactories in Italy and Germany.

Bosch CEO Stefan Hartung reasoned these as factors like high labour and energy costs which are challenges affecting European auto makers.

Volkswagen recently raised the industry’s eyebrows by pointing at factory shutdown possibilities in Germany for the first time.

Data released on Saturday revealed that China’s oil refinery output decreased for the fifth consecutive month in August.

This labor dispute marks Boeing’s first strike since 2008 and comes amid a challenging year for the company.

The challenges facing Stellantis extend beyond its relationship with the UAW.

Pakistan has introduced its first ride-sharing service dedicated to serving the transgender community and women. The initiative, named SheDrives, was launched over the weekend in …

Daimler Truck is gearing up to commence production of its first fully-electric heavy truck, the Mercedes-Benz eActros 600, this November.

In July, Audi, a subsidiary of Volkswagen, revealed plans to restructure its Brussels facility, which currently employs 3,000 people.