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Nvidia backs UK self-driving startup Wayve
UK self-driving start-up Wayve has announced it has raised $1.05 billion with an investment round led by chipmaker Nvidia and …
Daimler Truck happy despite lower Q1 unit sales
Daimler Truck said it delivered "solid results" in the first quarter of 2024 despite lower unit sales. At EUR13.3bn, revenue was …
Toyota foresees FY25 profit decline
Toyota Motor reportedly has forecast a 20% profit decline in the current financial year ending 31 March 2025 citing looming …
Daimler truck testing BEV AV truck in US
Daimler Truck has combined battery electric drive and integrated autonomous driving technology into one semi-truck for the first time: the …
Goodyear reduces quarterly loss
Goodyear's first quarter 2024 sales were US$4.5bn with tyre unit volume totaling 40.4m. The net loss was $57m (20 cents per …
Sixt continues to reduce EVs in fleet
Europe’s largest car rental firm Sixt SE is continuing to reduce the number of electric vehicles in its fleet, Bloomberg …
Zeekr to close $367.5m IPO one day early
Chinese EV maker Zeekr will close its New York initial public offering (IPO) to raise up to $367.5 million this …
Western European car market remains slow in April
The Western Europe PV selling rate for April stood at just over 11 million units/year, similar to the March result …
Ford mulls restricting ICE vehicle sales in Britain – FT
Ford is reportedly considering restricting the sale of combustion engine (ICE) vehicles in the UK market on order to meet …
2024 future product report: Lincoln
A new CEO in the US last year and more recently a fresh leader for China have paused a formerly …
Peugeot quits Indonesia
Indonesia’s largest vehicle distributor, PT Astra International, said it had stopped selling Peugeot vehicles, ending the French brand’s 52 year …
Daihatsu resumes full production
Toyota small car subsidiary, Daihatsu Motor, said it had resumed full production at all of its plants this week after …
Just Auto Excellence Awards 2024: Parkopedia
UK-based connected car services provider Parkopedia has won awards in four categories namely Innovation, Business Expansion, Product Launches, and Research …
Infineon CEO bullish
Infineon Technologies CEO Jochen Hanebeck has said the company was seeing “very strong momentum” in China’s automotive industry and expected …
Lucid loss wider than expected
Lucid has revealed a wider than expected loss as it contends with production challenges and uneven demand for high end …