VinFast receives 27,649 pre-orders for mini-SUV VF 3 in Vietnam after 66 hours of accepting deposits
VinFast Auto received 27,649 non-refundable and non-transferable pre-orders for the mini-SUV VF 3 within 66 hours, demonstrating its potential to become a "national car" in Vietnam, the company said on Thursday.

Turkey in advanced talks with China's BYD, Chery for EV plants
Turkey is in advanced discussions with Chinese electric car makers BYD and Chery Automobile for factory investments in the country, Industry Minister Fatih Kacir said in an interview to Bloomberg News on Friday.

Toyota tests new EV pickup truck ahead of mass production in Thailand
Toyota Motor is testing the new battery-electric Hilux pickup truck to assess its performance in different conditions as the car maker prepares to manufacture the vehicle in Thailand by the end of 2025, an executive said on Thursday.

UAW's push to unionize factories in South faces latest test in vote at 2 Mercedes plants in Alabama
The United Auto Workers union faces the latest test of its ambitious plan to unionize auto plants in the historically nonunion South when a vote ends Friday at two Mercedes-Benz factories near Tuscaloosa, Alabama.

Fewer people in the US plan to buy EVs this year, study shows
The number of buyers in the U.S. considering an electric vehicle purchase in 2024 has fallen from a year ago due to a shortage of affordable cars, inadequate charging infrastructure and ignorance about EV benefits, a study by J.D. Power has shown.

Tesla's German factory gets approval for extension
Tesla on Thursday said its plans to extend its production site outside Berlin had been approved, overcoming opposition from residents and environmental activists.

Musk pushes plan for China data to power Tesla's AI ambitions
Tesla is pushing ahead with plans to power the global development of its self-driving system with data from China that could be processed within the country, part of a strategic shift by Elon Musk, according to people with knowledge of the work.

Volvo Group and Daimler Truck sign preliminary pact on JV for SDV platform
New Delhi: The two leading companies in the commercial vehicle industry, Volvo Group and Daimler Truck, have reached a preliminary agreement to establish a joint venture to develop a common software-defined vehicle platform and dedicated truck operating system, providing the basis for future software-defined commercial vehicles.

EVs account for 20% of car imports in Jan-April period in South Korea
Nearly one out of five imported vehicles in South Korea were battery-powered ones in the January-April period despite slowing sales of electric vehicles (EVs) globally, industry data showed on Friday.

Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets
Japanese automaker Honda reaffirmed its commitment to electric vehicles Thursday, saying it will invest 10 trillion yen (USD 65 billion) through fiscal 2031 to deliver EV models around the world, including the U.S. and China.

GM, LG agree on USD 150 mn relief for Chevy Bolt EV owners over faulty batteries
General Motors and South Korea's LG Energy Solution, LG Electronics reached a settlement to establish a USD 150 million fund to provide relief to Chevrolet Bolt EV owners affected by defective batteries, documents filed in a U.S. court on Thursday showed.

Chile to seek bidders for preferential pricing on lithium by July
Chile will open calls by the end of July for lithium component producers to obtain preferential pricing on lithium produced by Albemarle through 2043, government officials said on Thursday.

Copart's third-quarter revenue beats as vehicle sales rise

Applied Materials' third-quarter forecast disappoints investors, shares fall

Trade barriers on Chinese EVs a 'big trap', says Stellantis CEO

Volkswagen, Renault end talks to develop affordable EV

‘Unfair’: Vladimir Putin drives into US-China tiff over tariff on electric cars

Fourth-Generation Bentley Continental GT to be revealed in June

Hilux EV pickup truck goes through test processes before mass production starts

Why Mercedes’ $100,000 Electric Jellybean Flopped
When Mercedes-Benz Group AG unveiled a luxury electric sedan called the EQS in 2021 managers boasted about the radical aerodynamic design, billing it as the German automaker’s most significant launch in decades. Film director James Cameron and singer Alicia Keys were on hand to add their own superlatives for a vehicle that cost in excess of $100,000.

Volkswagen faces challenges in electrification plans, explores plug-in hybrids: Report
Volkswagen, the renowned automotive giant, is pivoting its electrification strategy yet again amidst a backdrop of challenges and setbacks. Having initially staked its future on the promising ID family of electric vehicles (EVs), the company now grapples with a deceleration in EV sales. In response, VW has acknowledged the need to incorporate more plug-in hybrids into its lineup.

Volkswagen reaches USD 54 mn 'dieselgate' settlement with Italian owners
Volkswagen and a group representing car owners in Italy have reached an agreement worth more than 50 million euros (USD 54 million) to end a legal battle over the "dieselgate" emissions scandal, they said on Wednesday.

The inside story of Elon Musk's mass firings of Tesla Supercharger staff
The day before Elon Musk fired virtually all of Tesla's electric-vehicle charging division last month, they had high hopes as charging chief Rebecca Tinucci went to meet with Musk about the network's future, four former charging-network staffers told Reuters.

MAHLE finalizes sale of its OEM thermostat business
New Delhi: MAHLE has finalized the sale of its OEM thermostat business as of May 2, 2024. The sale transfers the thermostat segment to the industrial and investment holding firm ADMETOS, which will operate the business under the name BTT Solutions. As part of the deal, ADMETOS is taking on around 600 employees in six countries. In the spare parts and accessories market, the sale of thermostats under the MAHLE and Behr brands will continue to be handled by the worldwide MAHLE Aftermarket network.

Honda to double investment in electric vehicles to USD 65 bn by 2030
Honda announced on Thursday its plans to double the investment in electric vehicles to USD 65 billion by 2030. The Japanese auto giant aims to transition to fully electric vehicles.

Siemens to sell electrical motors business Innomotics for USD 3.8 billion to US equity firm KPS
German industrial giant Siemens announced on Thursday that it plans to sell its electrical motors business, Innomotics, to the private US equity firm KPS Capital Partners for 3.5 billion euros (equivalent to USD 3.8 billion).

Tesla plans to cut 601 more jobs in California, notice to government says

Uber says expanding shuttles in US, other services

Tesla must face vehicle owners' lawsuit over self-driving claims

China's Nio launches Onvo brand to challenge Tesla's best-selling model