Toyota scrambles for EV reboot with eye on Tesla
A working group within Toyota has been charged with outlining plans by early next year for improvements to its existing EV platform or for a new architecture, four sources told Reuters.
Tesla cuts China prices by up to 9% as analysts warn of 'price war'
The price cuts also follows Tesla CEO Elon Musk’s comment last week that “a recession of sorts” was under way in China and Europe, and Tesla said it would miss its vehicle delivery target this year.
GM, Ford poised to report Q3 earnings to a skeptical Wall Street
Wall Street suspects both companies could fall short of their 2022 forecasts, or underperform next year, with consumer demand dented by rising interest rates, higher oil prices and global economic slowdowns.
The auto industry's $75B bet on autonomy is not paying off
This has spelled disaster for Aurora Innovation, TuSimple Holdings and Embark Technology, whose shares have each plunged at least 80 percent this year.
Hyundai Q3 earnings drop amid rising prices, supply chain disruption
Operating profit was down 3.4 percent from a year earlier, while net income dropped 5.1 percent.