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Building the North America-bound GR Corolla in Britain will cut delivery wait times for U.S. buyers of the car.
Great Wall CEO warns Chinese EV industry is in an unhealthy state given heavy losses and a prolonged price war that is weighing on the supply chain.
Volvo faces high costs, a slowdown in electric vehicle demand and uncertainty over trade tariffs.
Team Penske parted ways with IndyCar Series team president Tim Cindric, managing director Ron Ruzewski and general manager Kyle Moyer amid the discovery of a violation of IndyCar rules by the team.
Xiaomi entered China's auto market last year with the sporty SU7 sedan, drawing styling cues from Porsche and priced below Tesla’s Model 3. The SU7 has outsold Tesla’s Model 3 in China on a monthly basis since December.
Ford called the alleged improper billings a “magical mystery tour” of bogus work and time entries, spread across thousands of cases against several automakers.
Weak sales in China, slow EV demand and additional U.S. tariffs have all taken their toll on Porsche’s margin in the first quarter.
Xpeng, betting on lower-priced models, is one of the few automakers to weather China’s hypercompetitive EV market, but has yet to turn a profit.
Volvo is now Google’s leading automotive development partner, meaning its customers will get access to new Android software that rivals might not be able to offer for years.
The bond will help Bosch to buy parts of the heating, cooling and ventilation business of Johnson Controls/Hitachi, its largest takeover to date.
