A US senator who Elon Musk called a "traitor" for visiting Ukraine says he is ditching his Tesla. Democrat Mark Kelly, who has been a staunch supporter of Kyiv, said any peace deal "can't be a giveaway to Putin" after his visit earlier this month. Musk, an unelected adviser to President Donald Trump, replied to … Continue reading US senator ditches Tesla over Ukraine row with Musk
Under the deal with the Ministry of Defence, the British engineering company will make nuclear submarine reactors for the Royal Navy. Rolls-Royce Submarines Ltd, a subsidiary of aerospace and defence giant Rolls-Royce Holdings, has secured a multi-year defence contract to produce nuclear submarine reactors for the Royal Navy. This is Rolls-Royce’s largest ever deal with … Continue reading Rolls-Royce subsidiary bags landmark UK nuclear submarine deal
As European car makers face mounting challenges in 2025, Goldman Sachs has downgraded both Mercedes-Benz AG and Porsche SE, citing rising costs, tariffs, and margin pressures. German car making titans, long celebrated for their engineering prowess, are now grappling with the twin challenges of weak electric vehicle profitability and declining earnings in China. This uncertain … Continue reading Why Goldman Sachs downgraded German automakers – Mercedes, Porsche
China's Ministry of Commerce (MOC) said Thursday the country is studying increasing tariffs on imported fuel-powered vehicles with large-displacement engines. A decision will be made prudently after comprehensive consideration of various factors, MOC spokesperson, He Yadong, told a press conference. When answering a question on negotiations between China and the European Union (EU) on electric … Continue reading Beijing mulls higher tariffs on imported fuel cars with large-displacement engines
Elon Musk has denied claims he gifted a Tesla cybertruck to the Russian general and Chechen warlord Ramzan Kadyrov. The billionaire responded to Ukrainian official Anton Gerashchenko, who posted apparent footage on X of the warlord receiving the vehicle. According to Mr Gerashchenko, the warlord said he would send the vehicle, on which he appears … Continue reading Musk denies gifting Chechen warlord Tesla cybertruck
A new mega factory project of U.S. carmaker Tesla Inc. has been granted a construction permit, according to the management committee of Lingang new area of the China (Shanghai) Pilot Free Trade Zone. As Tesla's first energy storage mega factory project outside the U.S. market, it is located in the Lingang new area and expected … Continue reading Tesla gets construction permit for new mega factory project in Shanghai
China's automobile manufacturing industry registered strong expansion in the first quarter (Q1) of this year, latest data from the China Association of Automobile Manufacturers showed. During the period, the sector's industrial added value rose 9.7 percent year on year, 3 percentage points higher than that for China's overall manufacturing industry, according to the association. The … Continue reading China’s automobile manufacturing industry records impressive earnings in Q1 2024
Federal auto regulators have announced a probe into a Ford recall of nearly 43,000 automobiles following an error with cracked fuel injectors they say can cause gas leaks and ignite engine fires. In a summary report dated Thursday, the National Highway Traffic Safety Administration wrote it was opening an investigation into a recall of Ford Bronco and Escape vehicle by the automaker headquartered … Continue reading Why Ford is recalling Bronco, Escape models
Mercedes team principal Toto Wolff has said the timing of Lewis Hamilton's decision to leave for Ferrari "bit us a bit" - but insists there is "no grudge" between them. Wolff said he had heard rumours that Hamilton might quit the team but didn't know for sure until the F1 great confirmed it in a … Continue reading LEWIS HAMILTON: Mercedes boss says timing of F1 star’s Ferrari decision ‘unexpected but understandable’
In the latest step in the entry of the Chinese electric vehicle (EV) giant into the European market, BYD will sell five of its models in Germany at a new showroom in Berlin run by dealership Sternauto. As awareness of Chinese EV brands is growing among Germans seeking more affordable cars, Sternauto, which has exclusive … Continue reading BYD opens Berlin dealership
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