Automotive

Volvo Shifts Production of Chinese-Made EVs to Belgium Amid EU Crackdown Concerns

Volvo Shifts Production of Chinese-Made EVs to Belgium Amid EU Crackdown Concerns

Volvo is relocating the production of its Chinese-made electric vehicles to Belgium in anticipation of potential EU tariffs on Beijing-subsidized imports, thereby avoiding the need to halt sales of these EVs in Europe.


Tesla Slams Laywers Demanding $5.6 Billion Payout for Voiding Elon Musk's Multibillion Dollar Pay Package

Tesla is objecting to a $5.6 billion legal fee requested by the legal team that voided Tesla CEO Elon Musk's $56 billion pay package.

Kia Recalls 2020-2024 Telluride SUVs, Tells Drivers to Park Cars Outside due to Fire Risk

Kia America issued a recall of 463,000 of its Telluride vehicles due to an overheat issue involving a stuck slide knob causing overheat in the front power seat motor, which could lead to a fire hazard.

Tesla CEO Elon Musk $56 Billion Pay Package Gets Support From Billionaire Investor Ron Baron

Billionaire investor Ron Baron, a major Tesla shareholder, has backed Elon Musk's $56 billion pay package.


Latest News

China Warns EU About Its Chinese EV Tariffs; Beijing Says It's Ready To Retaliate
China warns the European Union about its Chinese EV tariffs, which are expected to be announced soon.
Elon Musk Seeks Dismissal of Lawsuit Over Delayed Disclosure to X Shareholders
Nvidia revealed that Elon Musk is redirecting his AI chip orders for Tesla to X and xAI. Should Tesla investors be concerned?
Elon Musk's Potential 'Business Transaction' With Tesla Director Raises Concerns on Independence of Board's 'Special Committee'
Joe Gebbia, a Tesla director, revealed that he was considering selling a house from his start-up, Samara, to Tesla CEO Elon Musk, according to a report.
Toyota
In response to the safety test controversy, Toyota Chairman Akio Toyoda apologized while bowing before reporters.
Tesla Rival Electric Carmaker Lucid Lays Off Hundreds of Employees After raising $1 Billion
Lucid Group Inc. has recently made the decision to reduce its workforce by 400 employees by the end of the year.
Hyundai Faces Legal Action from US Over Child Labor Allegations
The US Department of Labor has filed a lawsuit against Hyundai Motor Co, an auto parts plant, and a labor recruiter in Alabama, alleging illegal use of child labor and seeking an order to relinquish any profits related to the exploitation.
Massive Airbag Recall Prompts Safety Concerns
Nissan urgently advises owners of approximately 84,000 older vehicles to avoid driving them due to the heightened risk of Takata airbag inflators exploding following a fatal incident and multiple injuries since 2015.
Elon Musk Tries to Woo Tesla Shareholders With Factory Tours as He Seeks Support for His $56 Billion Pay Package
Elon Musk is offering Tesla shareholders a tour of the company's Texas factory next month as he seeks support for his $56 billion compensation package.
Toyota Unveils Futuristic Engine Plans: Combining Traditional Combustion with Green Fuels
Toyota unveils plans to revolutionize the traditional internal combustion engine, integrating it with green fuels and electric motors in hybrids.
Toyota Set to End Massive Sponsorship Deal With International Olympic Committee: Report
Toyota is reportedly ending its massive sponsorship deal with the International Olympic Committee (IOC).
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