Polestar has achieved a 24.7% reduction in greenhouse gas emissions per vehicle sold since 2020, as detailed in its 2024 Sustainability Report. This accomplishment reflects a strong commitment to reducing environmental impact while...
In the fast-evolving automotive landscape, partnerships are pivotal to tackling the industry's most pressing challenges. Recently, Toyota Motor Corporation and Suzuki Motor Corporation announced a bold and strategic expansion of their...
Alfa Romeo is on a roll. The Italian luxury brand posted a remarkable 134% increase in sales in the first nine months of 2023 compared to the same period last year. This is the best result for Alfa Romeo since 2008 when it sold 203,000...
By listing it on the Frankfurt Stock Exchange, Volkswagen has made a bold move to unleash the potential of its Porsche brand. The German carmaker has sold up to 25% of its preferred shares in Porsche in an initial public offering (IPO)...
BMW is set to invest up to £600m in its Mini plant near Oxford to prepare it for producing more electric vehicles. The firm is expected to announce the investment soon, which will secure the plant's future and its 4,500 workers. The move...
The automobile sector is a significant contributor to the world's economy because it creates millions of employment and receives billions of dollars in revenue. However, the automotive industry is also tightly controlled by governments...
Honda is accelerating its electric vehicle (EV) efforts by introducing a new division focusing on battery technology. The Japanese automaker plans to create affordable small electric cars by developing solid-state batteries that would...
MAN, a leading truck and bus manufacturer, is set to showcase its latest innovations at the upcoming Transport fair in Herning, Denmark. The event, which runs from 20-22 April, will provide a platform for MAN to unveil its...
Three out of every four managers in the auto industry think that rising interest rates, inflation, and energy prices will hurt their businesses in 2023. Still, 83% are optimistic that they will be able to grow...
