New Corporate VC Fund Will Bet $100 Million on Electric Vehicles
Wex Inc., a major provider of vehicle fleet management for businesses and governments, is launching a new venture
2023-07-27 18:19
Volkswagen Earnings Miss on Hedging Effects, China Pressure
Volkswagen AG posted worse-than-expected earnings in the second quarter amid negative effects from commodity hedging and intensifying competition
2023-07-27 13:47
Renault’s Margin Rises to Record on Strong Car Demand, Prices
Renault SA’s first-half earnings exceeded recently upgraded expectations as the French carmaker continues to see strong demand and
2023-07-27 13:22
Mercedes Raises Guidance on Improved Car, Van Pricing
Mercedes-Benz Group AG raised its earnings forecast for the year after profit at its vans division rose in
2023-07-27 12:54
Gasoline Is Surging All Over World in Fresh Inflation Blow
The price of gasoline is starting to surge everywhere, an inflationary omen for central banks and governments the
2023-07-27 12:18
VW-Xpeng Deal Is Evidence of China’s Growing EV Dominance
German auto giant Volkswagen AG’s $700 million investment in Xpeng Inc. is a vote of confidence in the
2023-07-27 11:48
Hong Kong’s Hang Seng Tech Index Rises 20% From May Low
A gauge of China tech shares traded in Hong Kong extended gains from a May low to 20%
2023-07-27 11:22
Seven major automakers, including GM, Stellantis and Honda, join to create US charging network
Seven major automakers are coming together to create a joint venture that will build out a large electric vehicle fast-charging network in the North America, in an attempt to make electric vehicles more attractive to consumers. The companies -- General Motors, BMW Group, Honda, Hyundai, Kia, Mercedes-Benz and Stellantis -- plan to install at least 30,000 chargers in the United States and Canada.
2023-07-26 23:54
Aston Martin Drives Revenue Higher on New Models, Prices
Aston Martin Lagonda Global Holdings Plc shares rose after revenue surged in the second quarter on higher prices
2023-07-26 18:46
Nissan to Invest $663 Million in Renault EV Unit as Alliance Rejigged
Nissan Motor Co. has finalized plans to invest in Renault SA’s electric-vehicle venture Ampere, capping months of negotiations
2023-07-26 15:24
Stellantis Profit Beats as CEO Says More Costs Cuts to Come
Stellantis NV posted better-than-expected earnings in the first half of the year as supply-chain and logistics snarls eased
2023-07-26 15:20
Top Battery-Maker CATL’s Profit Soars 63% Amid EV Sales Boom
Chinese battery maker Contemporary Amperex Technology Co. Ltd.’s quarterly profit soared, powered by rising electric-vehicle sales globally and
2023-07-26 10:28