The logo of the Ford Motor Company is displayed on the front grille of an electric Ford Transit … [+] being charged in a dealership in Bristol, U.K. (Photo: Matt Cardy) Getty Images Automobile manufacturing giant Ford has announced 4,000 job cuts across its European operations blaming stalled electric vehicle sales on the continent. The…
Donald Trump is headed back to the White House. Investors believe that’s much better news for some sectors of the U.S. economy than others—and the same goes for different parts of individual Americans’ stock portfolios. Some plays seem obvious. Trump has traditionally been viewed as positive for banks and fossil fuel companies but a scourge…
Three people have been injured after an out-of-control BMW car crashed into a truck and a taxi, mounted a pavement and struck two pedestrians on a busy Hong Kong street. Police said the crash took place on Tai Yau Street near the junction with Sam Chuk Street in San Po Kong at around 8.51am on…
PARIS/FRANKFURT, Germany — BMW and other European automakers are bolstering their EV lineups with small cars that can directly compete with cheaper Chinese imports, with some companies even forming partnerships with Chinese competitors to try and stem the tide of flagging sales. At the Paris Motor Show, which runs through Sunday, BMW unveiled two electric…
By: Bloomberg | Updated on: 12 Oct 2024, 09:38 AM Volkswagen AG sales in China fell 15 per cent in the third quarter as the biggest carmaker in Germany continued to lose ground in key markets with the … Volkswagen AG sales in China fell 15 per cent in the third quarter as the biggest…
About a decade ago, we were all told that electric vehicles were the future. The only future of the automobile industry. A fad that became particularly strong in Europe. Some countries like the UK even mandated a phaseout of all internal combustion engine vehicles by 2030. Automotive manufacturers also joined the bandwagon and started talking…