Porsche shares plunge after announcing EV rollout delay
Porsche’s stock tumbled by more than 7% on Monday after warning last week that delays in its electric vehicle (EV) rollout will dent the carmaker’s…
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MENA startups heat up with fresh capital across fintech, AI, gaming
Startups across the Middle East and North Africa are raising fresh funding to scale operations, enter new markets, and develop innovative products, signaling strong investor…
Volkswagen Unveils Compact Electric SUV ahead Munich Car Show
Volkswagen unveiled a concept for a new small electric SUV on Sunday as part of the automaker’s push to offer affordable battery-powered vehicles amid greater…
European Automakers Confront Tariffs, Chinese Rivalry at Munich Car Show
Major automakers will showcase their latest models at Munich’s car show on Monday as Europe’s automotive sector faces crises ranging from US tariff hikes to…
Jaguar Land Rover staff to stay at home in cyber attack fallout
Jaguar Land Rover (JLR) has instructed factory staff to stay at home until at least Tuesday as the company continues to grapple with the fallout…
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…
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…