Autos & Transportation
LATEST NEWS FROM AUTOS & TRANSPORTATION
Autos & Transportation
Debt burden grows for German suppliers in embattled auto sector, study shows
German auto suppliers are more indebted and spend more on interest than their international rivals as competition from China intensifies, according to excerpts from an upcoming s...
Autos & Transportation
Volkswagen's controlling families weigh in on restructuring battle, call for swift action
Volkswagen's controlling families dialled up the pressure on the German auto group's stakeholders on Friday, backing management's push for a dramatic restructuring that could cost...
Autos & Transportation
Lyft posts record bookings, but higher promotions fuel profit miss
Lyft beat analysts' revenue estimates for the second quarter on Thursday as a surge in riders and trips lifted bookings to a record, though heavier spending on promotions left net...
Autos & Transportation
Ford's new EV truck Fathom to be priced starting at about $28,000
Ford Motor said on Thursday that its upcoming midsize electric pickup truck would be priced starting at about $28,000 and named Fathom, as the Michigan automaker looks to offer a...
Autos & Transportation
Amazon's Zoox to start paid robotaxi rides in Vegas next week
Amazon's Zoox will begin paid rides in Las Vegas next week, the company said on Wednesday, days after the U.S. road safety agency allowed commercial deployment of its robotaxis th...
Autos & Transportation
Uber forecasts weak quarterly profit, doubles down on robotaxi investment plans
Uber Technologies forecast current-quarter adjusted earnings below Wall Street estimates on Wednesday, saying that foreign exchange would trim bookings growth and reaffirming plans...
Autos & Transportation
GM renews China joint venture with SAIC for 20 years after restructuring
General Motors said on Tuesday it had renewed its joint-venture agreement with China's SAIC Motor for 20 years after a lengthy restructuring in the Chinese market that included pl...
Autos & Transportation
Lucid to delay affordable EV launch amid 'operational reset'
Lucid plans to launch its more affordable EVs in the second half of 2027, delaying the planned rollout from late this year, its CEO said on Tuesday, as the company carries out a m...
Autos & Transportation
Toyota lifts annual forecast despite Q1 profit drop on weak China sales
Toyota on Tuesday raised its annual operating profit forecast by 13% to reflect a weaker yen — the upward revision coming despite reporting a fifth consecutive quarterly earnings...
Autos & Transportation
China's Chery to invest $75 mln in Korea's KG Mobility, eyes overseas markets
China's Chery Automobile agreed to invest $75 million in South Korean automaker KG Mobility Corp through convertible bonds, KG Mobility said. If converted into shares, the bonds w...
Autos & Transportation
Toyota expected to post fifth straight profit drop, investors weigh Japan quake fallout
Toyota is forecast to post a fifth straight quarterly operating profit decline this week, hit by weaker vehicle sales and rising costs, as investors gauge the impact of last week'...
Autos & Transportation
BYD's sales rise for third month, buoyed by exports
Chinese electric vehicle maker BYD's , global sales rose for a third straight month in July, with robust overseas demand continuing to help offset softer conditions in its hom...
Autos & Transportation
Global equity fund inflows surge to three week highs
Global equity fund inflows rose to their highest in three weeks during the week to July 29, as investors snapped up technology sector funds during a market downturn, anticipating ...
Autos & Transportation
Air taxi developers pivot to military market amid civil certification delays
Aerospace startups that have long promised to develop electric air taxis are increasingly focusing on a market with fewer regulatory hurdles and more money to spend: the military.
Autos & Transportation
Tesla's China operations, the EV maker's global production powerhouse
Tesla is considering a separation of its China business to pave the way for a potential merger with SpaceX, the Wall Street Journal reported, citing a person familiar with the tal...
Autos & Transportation
Rivian beats quarterly revenue estimates as R2 launch, software business gain traction
Rivian Automotive beat quarterly revenue estimates and raised annual delivery forecast on Thursday, buoyed by optimism over the rollout of its lower-priced R2 SUV and growth in it...
Autos & Transportation
Ford CEO tells employees Chinese automakers could enter US market in next decade
Ford CEO Jim Farley told employees in a town hall on Thursday that the company is preparing for the possibility that Chinese automakers could enter the American market in the next...
Autos & Transportation
Pickup truck profits highlight growing divide among global automakers
From Fiat to Ferrari, results on Thursday highlighted a growing gap between the carmakers raking in cash by selling gas-guzzling pickups to Americans and those struggling to compe...
Autos & Transportation