Hyundai Motor has announced a substantial recall of 226,118 vehicles in the United States, responding to critical safety concerns regarding the potential failure of rear …
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Stellantis has announced a comprehensive production halt at its iconic Mirafiori plant in Turin, Italy, reflecting the ongoing challenges facing the electric vehicle (EV) market …
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Nissan argued that its braking systems varied across models and that software upgrades resolved the issue for some vehicles, further complicating any claims of a …
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INDUSTRY NEWSLatest News
US utility executives lobby to preserve clean energy tax credits amid Trump transition
In a critical moment for clean energy policy, top utility executives are mounting a robust defence of the Inflation Reduction Act’s (IRA) tax credits, urging …
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Millions of British households are bracing for increased energy expenses in January, following Ofgem’s announcement of a 1.2% rise in the domestic energy price cap, …
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INDUSTRY NEWSLatest News
Oil prices surge amid escalating Ukraine conflict and geopolitical tensions
Oil prices are poised for a significant weekly gain of 5%, the strongest uptick since late September, as geopolitical tensions and strategic market shifts drive …
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INDUSTRY NEWSLatest News
Northvolt faces crisis after U.S. bankruptcy filing, once Europe’s EV battery hope now struggling
Founded in 2016 by former Tesla executives, Northvolt aimed to become a leading producer of lithium-ion batteries for EVs, attracting significant investments along the way.
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INDUSTRY NEWSLatest News
Northvolt CEO steps down as company seeks up to USD 1.2 billion in restructuring
Northvolt, which employs around 6,600 people across seven countries, had warned that it only had enough cash to sustain operations for one week.
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The European automotive sector has demonstrated remarkable resilience in October, with new car sales maintaining a delicate equilibrium despite ongoing market challenges, according to the …
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Wall Street experienced a day of nuanced market movements on Wednesday, characterised by underlying geopolitical tensions and heightened investor anticipation surrounding key corporate earnings, particularly …