Tesla overtakes Mercedes in key premium midsize SUV segment

A trade war with China would land Germany with costs almost six times as high as Brexit, the Ifo institute said.

Renault's latest full-electric car, the Megane E-Tech, was France's best-selling EV in July.

The Porsche and Piech families, whose holding company owns most of VW Group's voting rights, plan to run a tighter ship at the automaker, sources said.

Two years ago, Tesla CEO Elon Musk promised a larger 4680 cylindrical battery that would improve range, drive down costs and fuel the launch of the power-hungry Cybertruck pickup. Tesla has fallen behind on those promises.

As factories in Berlin and Texas ramp up, Tesla forecasts annual production of 2 million cars next year ahead of its long-term goal of building 20 million vehicles year.

As microchips become embedded features of vehicle development, risks and costs are shifting to automakers from suppliers.

Arrival's stock has tumbled as investors, who are worried about the economy, abandon companies that do not turn a profit.

The company did not disclose the identity of the bidder, who was looking to offer about 460 million pounds ($558.35 million) for Europe's ninth-largest dealer group.

Middle Eastern wealth funds control trillions of dollars and have seen their holdings boosted by surging energy prices this year.

AV startup Aurora says it has a cash runway through 2024 and is prioritizing self-driving technology for trucking over ride-hailing.