The Austrian subsidiary of electric vehicle maker Fisker has initiated reorganization proceedings, a move akin to Chapter 11 bankruptcy protection in the United States. This development follows the pause in…
October 23, 2024 – Tesla has once again demonstrated its consistent profitability, reporting its 20th consecutive profitable quarter in Q3 2024. While the electric vehicle manufacturer exceeded analyst expectations for…
Tesla has once again demonstrated its ability to generate profits, reporting its 20th consecutive profitable quarter in its Q3 2024 earnings. While the electric vehicle giant exceeded analyst expectations for…
At CES 2025, Faraday Future showcased its new sub-brand, Faraday X, and outlined ambitious plans for more accessible electric and plug-in hybrid vehicles. The company, which has a history fraught…
Volkswagen Group’s ambitious software division, Cariad, is once again grappling with significant financial challenges, reporting substantial operating losses and planning further workforce reductions. Despite efforts to revitalize its software development,…
Volvo Goes Into Cost-Cutting Mode Despite posting record profits in 2024, Volvo’s financial situation is becoming increasingly grim this year, prompting significant cost-saving initiatives. Stockholm, Sweden – In a stark…
Nissan’s Difficult Road Continues with Additional Job Cuts, Say Reports Nissan’s challenging period is far from over, as reports from local Japanese media suggest the automaker is planning to cut…
Congress Moves to End $7,500 EV Tax Credit, Sparking Industry Concern The electric vehicle sector faces a significant hurdle as lawmakers introduce legislation that could phase out crucial federal tax…
