BMW cuts automotive margin forecast due to Ukraine war
The automaker said it is developing new battery technology and could deliver early on its target of having fully battery-powered vehicles making up half its global sales by 2030.
Tesla idles Shanghai plant for two days amid virus curbs
Elon Musk’s EV maker is the latest multinational to be caught up in China’s widening lockdowns and Covid restrictions.
Former Nissan director Kelly in new jeopardy as Tokyo prosecutors appeal verdict
The appeal filing comes just days after the American – free from Japan on a suspended sentence – had a tearful homecoming to Tennessee and ensures his years-long legal odyssey will drag on.
Shift plans to acquire Fair's dealer listing marketplace assets for $15 million
Shift said it wants to establish an online marketplace presence where dealers and independent sellers can list their cars alongside Shift’s inventory.
Why U.S. VW dealers will get a boost in inventory because of Ukraine war
Volkswagen Group CEO Herbert Diess told reporters that the No. 2 global automaker would shift production to China and North America after a lack of wire harnesses and other shortages from Russia’s invasion of Ukraine impact European production.