Volkswagen Posts Biggest Quarterly Loss in Over a Decade Amid China Slowdown
Volkswagen reported an operating loss of €5.9 billion ($6.6 billion) in the third quarter of 2026, marking its steepest quarterly deficit in more than a decade. The loss was driven by approximately €8 billion...
Great Wall Motor to Begin SUV Production in Bulgaria in 2027
China’s Great Wall Motor (GWM) will begin manufacturing its Ora 5 compact SUV in Bulgaria in the first quarter of 2027 under an agreement with a local partner. The facility, with a planned annual...
Chinese Automakers Target Europe’s Premium Car Market with Tech-Led Luxury
Chinese automakers are targeting Europe’s lucrative premium car market with a new concept of “intelligent luxury,” focusing on advanced technology, rapid charging and enhanced comfort rather than traditional brand heritage. At the Paris car...
Volkswagen Reports Sharpest Delivery Decline in Over Four Years
German automaker Volkswagen reported a 14.3% decline in global vehicle deliveries in the third quarter, marking its steepest drop in more than four years. Deliveries fell to 1.89 million vehicles, with continued weakness in...
GM Slashes Chevrolet Bolt Production Plans by 75%
General Motors is producing about 75% fewer Chevrolet Bolt electric vehicles than originally planned, with the Kansas City-area plant now expected to make roughly 35,000 units before production ends in the first quarter of...
EU Vote on Tesla’s Supervised FSD System Delayed Until December
A European Union vote on whether to allow Tesla’s supervised Full Self-Driving (FSD) system across the bloc has been pushed back, with the earliest apparent opportunity for a decision now in December. The agenda...
Geely Unveils Four-Minute EV Charging Technology in Challenge to BYD
China’s Geely on Wednesday unveiled an ultra-fast electric vehicle (EV) charging system capable of charging a vehicle in as little as four minutes, intensifying its technology competition with rival BYD. The company also introduced...
Tesla Faces Major Trial Over Alleged Racial Discrimination at California Plant
Tesla is set to face trial on Monday in Oakland over allegations of widespread racial discrimination against Black workers at its flagship Fremont, California, assembly plant. The lawsuit, filed in 2022 by the California...
Tesla Expands Electric Truck Charging Network Across California
Tesla will operate public Megacharging sites at three new Forum Mobility electric-truck depots in California, adding 30 megawatts of charging capacity for heavy-duty vehicles. The new facilities, located across Northern and Southern California, will...
Volkswagen Faces €16 Billion Cost for Massive Restructuring Plan
Volkswagen is estimating the total cost of its sweeping restructuring program, including job cuts and potential plant closures, at around €16 billion ($18.6 billion), a person familiar with the matter said on Thursday. The...