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Nissan Motor is set to halt vehicle production at its Wuhan plant in China by March 31, 2026, a decision that marks a significant retreat for the Japanese automaker in the world’s largest electric vehicle (EV) market. According to two sources with knowledge of the plan, as reported by Reuters, the move comes amid fierce…
On April 25, 2025, Reuters reported that India’s Tata Technologies (TATE.NS) missed revenue expectations for the fourth quarter, grappling with a sluggish global demand for electric vehicles (EVs). The company, a key player in engineering and technology services for the auto, aero, and heavy machinery sectors, saw its consolidated revenue from operations drop by 1.2%,…
Tesla Inc. is refunding early Model 3 bookings in India, a move that has sparked excitement among electric vehicle (EV) enthusiasts as it hints at the automaker’s long-awaited entry into the world’s third-largest automobile market. According to a Bloomberg report, the Elon Musk-led company is returning reservation fees to customers who booked as early as…
On April 24, 2025, Slate Auto, a Michigan-based electric vehicle startup, unveiled its game-changing Blank Slate pickup truck in Long Beach, California, promising to shatter the price barrier for EVs with a base cost of $20,000. Backed by Amazon founder Jeff Bezos, this radically simple, customizable electric truck targets everyday drivers and fleet operators, offering…
On April 24, 2025, Tesla achieved a historic milestone in its quest for autonomous driving, securing a two-year exemption from Norway’s Statens vegvesen (Norwegian Road Authority) to operate its Full Self-Driving (FSD) system in supervised mode on public roads. This decision marks a significant step for Tesla as it accelerates its global rollout of advanced…
On April 24, 2025, Tesla’s stock rose 1.9% to $255.54 in early trading, buoyed by optimism surrounding its product lineup expansion in 2025, according to a Barron’s report. However, investors and analysts caution that the electric vehicle maker’s upcoming Model Q—a lower-priced model slated for the first half of 2025—may not suffice to address deeper…
Nissan Motor Co. projects a staggering net loss of 700 billion to 750 billion yen ($4.91 billion to $5.26 billion) for the financial year ending March 2025, driven by massive impairment charges and aggressive restructuring, Reuters reported. This marks the automaker’s largest-ever deficit, dwarfing its prior 80 billion yen loss forecast, as new CEO Ivan…
Volkswagen AG has forged a strategic partnership with Uber Technologies Inc. to deploy thousands of fully autonomous, all-electric ID. Buzz AD vans across U.S. markets, starting with a commercial launch in Los Angeles in 2026, according to Reuters. This collaboration marks a significant step toward integrating autonomous electric vehicles (EVs) into ride-hailing services, leveraging Volkswagen’s…
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