President Trump visits Pennsylvania to announce a monumental $14 billion partnership between U.S. Steel and Nippon Steel. This investment is set to create 70,000 American jobs and bolster U.S. manufacturing across various industries.
In a significant move amidst a turbulent automotive market, Volvo Cars announces it will lay off around 3,000 employees, impacting 15% of its office workforce. The decision comes as the company grapples with declining sales and rising material costs, prompting an urgent restructuring plan.
Four former Volkswagen executives were sentenced to prison for their roles in a major emissions-cheating scandal that shook Europe's car market. Discover how this saga has transformed diesel technology and the automotive industry.
In a landmark ruling, a German court has convicted four former Volkswagen executives for their roles in the Dieselgate emissions scandal, with two receiving prison sentences. This significant trial has concluded a saga that began in 2015, revealing widespread deceit in the automotive industry.
In a significant move, Volvo Cars reveals plans to cut 3,000 jobs as part of an 18 billion Swedish kronor cost-saving initiative, impacting primarily office roles in Sweden. The decision comes amid uncertainties in the automotive industry, including tariff pressures and a need for improved cash flow.
In a recent interview, Elon Musk assured investors of his commitment to Tesla for the next five years, amid concerns about his dedication and stock volatility. Shares rose slightly as Musk emphasized the importance of maintaining control over the company.
In a surprising announcement, Jaguar Land Rover has confirmed it has no intentions of building cars in the US, citing President Trump's tariffs as a significant factor. This comes after a pause in shipments and growing concerns across the motor industry about the unpredictable trade landscape.
Nissan's latest announcement reveals another 11,000 job cuts and the closure of seven factories as it grapples with declining sales in key markets. This follows a year of significant layoffs totaling 20,000 jobs. Will Nissan bounce back?
A new trade deal allows British carmakers to export 100,000 vehicles to the US at a lower tariff rate than their North American counterparts. This raises concerns among American automakers who fear it could set a precedent for future trade agreements.
General Motors is on a mission to bring Cadillac back to its former glory. With a focus on electric vehicles and luxury design, can Cadillac reclaim its status as the 'standard of the world'?
