Industry
Nissan reports 92% jump in profit as sales surge
TOKYO — Nissan’s profit for the fiscal year through March jumped 92% to 426.6 billion yen ($2.7 billion) as sales grew in all major global markets except Ch
Honda ramps up R&D spending, particularly to advance its hybrid edge
Honda will increase R&D spending this financial year by nearly a quarter to boost its competitive edge in hybrid and other electrified vehicles, as it forecast a 2.8% rise in operating profit.
Nissan gives dealers permission to advertise vehicles below invoice price
Nissan gives dealers permission to advertise vehicles below invoice price. The automaker wants to grow sales and profits without resorting to rebates.
Tesla board urges retail investors to back Elon Musk's $56 billion pay deal
Tesla's board is trying to woo its unusually large base of individual investors to endorse Chief Executive Officer Elon Musk’s $56 billion pay package.
Honda 'steadily and surely moving ahead' on EVs, announces large investment
Honda reaffirms commitment to electric vehicles, investing 10 trillion yen ($65 billion) through fiscal 2031 to deliver EV models around the world, including the U.S. and China.
Morocco’s automotive industry shifts gears to prep for electric vehicle era
15 years ago, Morocco exported zero automobiles; now the industry is nearly a quarter of its GDP
Redwood Materials is partnering with Ultium Cells to recycle GM's EV battery scrap
Redwood is working with Ultium Cells to recycle cathode, anode and cell scrap from both their Warren, Ohio and Spring Hill, Tennessee battery plants.
Peugeot family faces rare revolt by shareholders
Peugeot Invest is likely to face a group of disgruntled minority investors at an annual meeting on Friday.
Self-driving Waymo car kills dog amid increasing concern over robotaxis
Collision occurred as canine ran out from behind another car, but autonomous vehicle could not stop in time to avoid contact
EU exports of electric cars to UK put at risk by Brexit trade deal
More than €4.3bn in costs could be added to EU industry unless deal is tweaked, say representatives of sector
European truck makers ‘trail in global race to net zero’
DAF and Iveco among firms least prepared for move to zero-carbon tech, study claims
Disgraced Nissan boss Carlos Ghosn sues former employer for $1bn
Executive who jumped bail in Japan and escaped to Beirut has filed claim in Lebanese court
Fire chief warns against ‘unleashing’ self-driving taxis in San Francisco
Driverless cars are becoming a nuisance for the department as they appear to obstruct fire engines and block roads in emergencies
Firm owned by Britishvolt buyer raided by Australian authorities
Future of UK battery making thrown further into doubt after company founded by David Collard was visited by Federal Police
GM CFO: The company has 'shock absorbers' in place in case of a recession
GM CFO said leaders continue to cut costs across the company to be prepared if there's a downturn and mindful that EVs are not widely profitable yet.
70,000 new cars are stuck at factories as consumers face delays: Here's what's going on
Detroit carmakers have increased production, but now they struggle to get their finished cars from factories to U.S. dealerships. Here's why.
