Tesla Inc. stock jumped more than 10% on Friday following the US Transportation Department's announcement to relax certain regulations, enabling American car manufacturers to accelerate their autonomous vehicle deployment. The revised regulations permit exceptions from specific federal...
United States President Donald Trump is considering exempting car parts from some of his tariffs, amid lobbying from the American carmakers, the Financial Times reported on Wednesday, citing two people familiar with the matter.According to the report, the US president's exemption would...
Tech giant Xiaomi from China intends to establish a research and development facility in Munich, Germany, dedicated to electric vehicle development, Nikkei Asia reported on Wednesday.When contacted by the outlet, a Xiaomi representative confirmed ongoing facility plans but withheld specific...
Fitch Ratings revised its 2025 global automotive sector outlook to "deteriorating" from "neutral" on Wednesday, citing US tariffs on imported vehicles imposed on March 26. The agency warns that these tariffs are likely to trigger "production cuts and increased costs, potentially driving issuers'...
The Volkswagen Group CEO said on Wednesday in Shanghai that the German carmaker will have to adjust production size in China as a "highly competitive market" intensifies."We have enormous capacity in China from the past. It will be a similar process to what we went through in Germany,"...
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