Autos & Transportation
LATEST NEWS FROM AUTOS & TRANSPORTATION
Autos & Transportation
CarMax posts quarterly loss on goodwill charge, weak used-car demand
Used car retailer CarMax reported a fourth-quarter loss on Tuesday, hurt by a goodwill impairment charge and shrinking margins from used vehicles.
Autos & Transportation
FedEx CFO John Dietrich to step down
FedEx said on Monday Chief Financial Officer John Dietrich would step down, effective June 1, after the parcel firm completes the spinoff of FedEx Freight into a publicly traded ...
Autos & Transportation
Bezos-backed EV firm Slate Auto raises $650 million
Electric vehicle company Slate Auto on Monday said it has raised $650 million in a Series C funding round, as the Jeff Bezos-backed firm gears up to deliver its first vehicles la...
Autos & Transportation
Audi Q1 deliveries fall 6.1% on weak demand in China and North America
Volkswagen's premium brand Audi on Monday said its first-quarter deliveries fell 6.1%, weighed down by weaker demand in China and North America.
Autos & Transportation
China's Chery looking to expand car production in Europe, top executives say
Chery is looking to expand car production in Europe through partnerships with other automakers allowing it to use existing factories, top executives at the Chinese carmaker said a...
Autos & Transportation
Chinese investment in Brazil pivots from power dams to ice cream, courting consumers
For Chinese ice cream and beverage chain Mixue, which already has more stores than Starbucks or McDonald's, a cheerful snowman mascot on Sao Paulo's most famous avenue signals a ne...
Autos & Transportation
Whirlpool to invest over $60 million in Ohio plant
Whirlpool said on Friday it will invest over $60 million in an Ohio factory to produce parts for its washers and dryers.
Autos & Transportation
SpaceX begins installing equipment at Texas facility, eyes year-end production, sources say
SpaceX has begun installing equipment at its advanced chip packaging facility in Bastrop, Texas, as the satellite and rocket company aims to begin production there by the end of ...
Autos & Transportation
Porsche deliveries tumble further in first quarter
Porsche AG's deliveries slumped further in the first three months of 2026, with sharp declines in key markets China and the United States, as loses its shine across.
Autos & Transportation
USTR's Greer sees no changes in data rules that bar Chinese vehicles from US
U.S. Trade Representative Jamieson Greer said Thursday that President Donald Trump's administration does not plan any changes to a crackdown on vehicle hardware and software from ...
Autos & Transportation
Tesla's lower-cost EV plan seen boosting volume, risking margins
Tesla investors said the company's plan to develop a smaller, lower-cost EV, which was reported exclusively by Reuters, might boost volumes and address slowing demand, but at the...
Autos & Transportation
VW to stop making its top electric vehicle in the US
Volkswagen said on Thursday it will end production of the ID.4 electric SUV out of its Tennessee plant this month, citing a challenging time for the U.S. electric vehicle market...
Autos & Transportation
Polestar CEO talks up used-car market as higher fuel prices spur shift to cheaper EVs
Polestar CEO Michael Lohscheller said on Thursday used-car sales were exceeding those of new vehicles, as a jump in gasoline and diesel prices from the war in Iran drives customer...
Autos & Transportation
Tesla is developing a new smaller, cheaper EV, sources say
Tesla is developing an all-new smaller, cheaper electric SUV, four people familiar with the matter told Reuters.
Autos & Transportation
Mercedes Q1 sales down in tough 'transition year' for China business
Mercedes-Benz reported a sales slump at the start of 2026 as the tough Chinese market continued to pressure the German premium carmaker during an overhaul of its model lineup to ...
Autos & Transportation
China's car exports accelerate despite disruption from Mideast crisis
Car exports, an increasingly important source of growth for China's hyper-competitive auto sector, picked up pace in March despite shipment disruptions from the crisis in the Mid...
Autos & Transportation
Kia delays launch of software-focused cars, unveils big hike to investment plans
South Korea's Kia Corp said on Thursday it had delayed plans to build "software-defined vehicles" by about one year to 2028, and announced a hefty hike in investment plans, unders...
Autos & Transportation
Chinese electric truck maker Windrose makes first US delivery
Chinese electric truck startup Windrose said it had made the first delivery of its long‑haul electric heavy truck in the United States, marking a key step in its global expans...
Autos & Transportation