Autos & Transportation
LATEST NEWS FROM AUTOS & TRANSPORTATION
Autos & Transportation
US Postal Service tells Congress it needs help, running out of cash
U.S. Postmaster General David Steiner told Congress on Wednesday that the financially struggling agency has a broken business model and needs help from lawmakers to turn around i...
Autos & Transportation
FedEx drops on margin hit as investors gauge freight spin-off fortunes
FedEx shares slid 7% before the bell on Wednesday, as a margin squeeze at its core delivery segment raised investor worries about the company's transition following the spinoff of...
Autos & Transportation
Rio Tinto sees lithium as fastest-growing division, executive says
Rio Tinto . expects its lithium business to grow faster than its copper, iron ore and other divisions as it works to triple production by 2028 for the electric vehicle and batter...
Autos & Transportation
Nissan kills cash cow
The Iran war has been good news for EV makers in Europe as consumers balk at fresh pain at the fuel pump, though there is debate over whether interest in electric cars will persist...
Autos & Transportation
Porsche's promised comeback does little to calm investors over China
Porsche's new CEO appealed to shareholders for patience on Tuesday, promising detailed turnaround measures later this year as investors press the sports car maker to reverse a sl...
Autos & Transportation
Finland may approve Tesla's supervised self-driving software before EU vote
Finland may approve Tesla's self-driving assistance system earlier than a European Union-wide decision expected in October, the country's transport authority said on Tuesday.
Autos & Transportation
Trump to pay visit to closely divided Pennsylvania in return to campaigning
President Donald Trump returns to the campaign trail for the first time in two weeks on Tuesday, visiting politically divided Pennsylvania to deliver a pitch about the revival of ...
Autos & Transportation
Nissan shelves development of electric Qashqai in cost-cutting drive
Nissan has stopped work on an electric version of its top-selling model in Europe, six sources with knowledge of the matter said, as the Japanese automaker trims its lineup and cu...
Autos & Transportation
Stellantis holds 9.5% stake in solid state battery startup Factorial, filing shows
Automaker Stellantis holds a 9.5% stake in U.S. solid-state battery startup Factorial Energy and might buy further shares in the future, a SEC filing showed.
Autos & Transportation
Sweden may oppose Tesla's supervised self-driving tech in Europe over speeding concerns
A Swedish transport authority is recommending a vote against the Europe-wide rollout of Tesla's supervised self-driving software, unless the U.S. EV maker disables its ability to ...
Autos & Transportation
Britain's JLR forecasts weak margin growth, parent Tata Motors PV shares plunge
British luxury carmaker Jaguar Land Rover expects to report a profit margin of 4% for fiscal year 2027, signalling a slower-than-expected recovery and sending shares of its India...
Autos & Transportation
Volkswagen reduces production at German plant amid uncertain future for site
Volkswagen will pare back production of the open-top T-roc Cabrio SUV at its plant in Osnabrueck, Germany, a company spokesperson said on Tuesday, alarming employee representativ...
Autos & Transportation
GM, Lockheed to collaborate on defense projects
General Motors and defense company Lockheed Martin are collaborating on projects to strengthen the U.S. manufacturing and defense industrial base, the companies said Tuesday.
Autos & Transportation
Rivian lays off hundreds of workers, WSJ reports
EV startup Rivian laid off hundreds of employees on Tuesday, a move to make the business profitable as it launches a key new model, the Wall Street Journal reported.
Autos & Transportation
GM in talks to supply weapons parts to Lockheed Martin, WSJ reports
General Motors is in talks with Lockheed Martin about making parts for the defense contractor's weapons, the Wall Street Journal reported on Monday, citing sources.
Autos & Transportation
Global EV registrations rise 3% globally in May, BMI data shows
Global demand for electric vehicles rose for a third straight month in May, as subsidies and high petrol prices continued to drive the transition away from combustion-engine cars,...
Autos & Transportation
US connected-car rule prompts Ford, other automakers to seek licenses for China-built models
Ford Motor and other automakers are scrambling to obtain U.S. government authorization to continue selling models that have been in U.S. showrooms for years, but have recently com...
Autos & Transportation
China 'strongly dissatisfied' with Pentagon move against top Chinese tech firms
China is "strongly dissatisfied" with a U.S. move to add several large Chinese companies to the Pentagon's list of firms it says are aiding China's military, the commerce ministr...
Autos & Transportation