BYD shares slide as China’s EV price war hits profits
Shares in Chinese electric vehicle maker BYD slid by as much as 8% on Monday after it reported a drop in profit because of a…
Category: CARS
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Egypt Signs $1 Bln Deal with China’s Sailun Group for Tire Factory
Egypt has signed a deal with China’s Sailun Group to build an automotive tire factory in the Suez Canal Economic Zone, with total investments of…
Tesla Sales Fall More Than Half in Two of Europe’s Biggest Car Markets
Tesla’s new car registrations in Britain and Germany, Europe’s biggest auto markets, more than halved in July from a year earlier, despite growth in the…
Japan’s Ishiba signals Talks with Trump for Cuts to US Auto Tariff
Japanese Prime Minister Shigeru Ishiba said on Monday he will not hesitate to hold talks with President Donald Trump to ensure an agreed cut to…
Formula E Partnership with Saudi Arabia
Formula E’s partnership with Saudi Arabia and the Kingdom’s Public Investment Fund (PIF) is emerging as a global benchmark for redefining the future of sustainable…
Musk – Tesla, Samsung Electronics Sign $16.5 B Chip Supply Deal
Tesla CEO Elon Musk said the US auto-maker had signed a $16.5 billion deal to source chips from Samsung Electronics, a move expected to bolster…
Red Bull sack team principal Horner
Christian Horner has been sacked by Red Bull after 20 years as team principal. The 51-year-old has been in charge of the Formula 1 team…
Tesla Shares Fall as Musk’s ‘America Party’ Riles Investors
Tesla shares fell over 3% on Monday, under pressure from investor concerns about the focus of boss Elon Musk after he announced he would form…
Chinese scientists develop new device to convert tire friction into clean energy
A team of Chinese scientists has developed a groundbreaking device capable of converting the friction between vehicle tires and roads into clean electricity. The device,…
Bentley new hybrid options, power hikes and bolder design
Montana served up a backdrop of natural wonders in which to experience the latest nips and tucks to Bentley’s mainstay range, the Continental GT, Continental…