In a surprising twist, American car buyers paid slightly less for new vehicles in May, despite the introduction of new tariffs on imported cars and parts. This minor price dip raises questions about demand and spending habits in the auto market.
Elon Musk criticizes Trump's 'Big Beautiful Bill' that could impact Tesla's EV tax credits while possibly benefiting his AI company, xAI. Could this mark a turning point for Musk's businesses?
Elon Musk's first week away from the Department of Government Efficiency sees his companies, Neuralink and Tesla, achieving significant milestones despite previous leadership ties. A $650 million funding round for Neuralink and a 213% sales surge for Tesla in Norway mark a promising start.
The Chevrolet Corvette ZR1 has made a grand entrance into the world of supercars, boasting 1,064 horsepower at a fraction of the price of its European competitors. With its mid-engine design and advanced engineering, the ZR1 is set to redefine what's possible in the realm of attainable performance vehicles.
Tesla faces a staggering 49% drop in European sales as competition rises and political controversies swirl around CEO Elon Musk. What does this mean for the future of electric vehicles in Europe?
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.
Shares of BYD fell on the Hong Kong exchange following recent price cuts. This move has raised eyebrows in the EV market, affecting other key players like Xpeng, Nio, and Li Auto. What does this mean for the future of electric vehicles?
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.
The BMW Concept Speedtop makes its debut at the 2025 Concorso d'Eleganza Villa d'Este, featuring stunning design and a powerful V-8 engine. Only 70 units will be produced, making it a collector's dream!
Volvo has teamed up with Google to fast-track new Android Automotive features, making Volvo cars a leading platform for innovation. Expect exciting updates, including Gemini support, to arrive soon!
