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A former General Motors executive who spent 12 years engineering America’s best-selling trucks just delivered a damning verdict on Tesla’s flagship SUV. Terry Woychowski, President of Caresoft Global and former GM Vice President, told Bloomberg that Xiaomi’s YU7 electric SUV has “bested” Tesla’s Model Y “in almost every way.” The assessment comes from one of…
New York State officials are frustrated with Tesla after two years of lease renegotiations for the taxpayer-funded Buffalo factory hit another wall when Elon Musk abruptly killed the AI supercomputer project that was central to the pending deal. The state built the sprawling facility for nearly $1 billion and rents it to Tesla for just…
Germany’s electric vehicle boom is built on a foundation of corporate accounting tricks, not genuine consumer demand. A German industry association warned Monday that nearly one in four newly registered EVs in 2025 were “self-registered” by manufacturers and dealers rather than sold to actual customers. The revelation exposes a troubling gap between official registration statistics…
Britain’s government unveiled a £1.3 billion ($1.7 billion) extension of electric vehicle purchase subsidies on Friday, just hours before confirming plans to impose a per-mile tax on EV drivers starting in 2028—a policy contradiction that exposes the fundamental revenue crisis governments face as electrification eliminates fuel duty income. Chancellor Rachel Reeves will announce the subsidy…
US clean-energy investments hit a record $75 billion in the third quarter of 2025, driven almost entirely by consumers scrambling to buy electric vehicles before federal tax credits expired on September 30, according to new data from Rhodium Group and MIT. But the headline number conceals a brutal truth: EV manufacturing investments collapsed 30% compared…
A new wrongful death lawsuit filed against Tesla Inc. highlights the ongoing safety crisis surrounding the company’s electronic door handle design, alleging that a couple became trapped in their burning Model 3 after a January 2023 crash in Washington state left one dead and the other seriously injured. The lawsuit, filed Friday in U.S. District…
China’s Guangzhou Automobile Group (GAC) will manufacture its AION V electric SUV at Magna International’s Austria facility, the companies announced Thursday, marking the second Chinese EV brand in two months to use European contract manufacturing as a workaround for steep EU tariffs on China-made vehicles. The move highlights a rapidly emerging strategy among Chinese automakers:…
Vietnamese EV maker VinFast reported staggering third-quarter losses of $910.85 million, nearly double the $503 million lost in the same period last year, as the company’s premium pricing strategy crumbles under pressure from cost-efficient Chinese competitors. Despite achieving 47% revenue growth, VinFast’s gross margins deteriorated to negative 56.2%, meaning the company loses more than half…
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