Next month, Tesla plans to begin work on a new auto plant in Shanghai, China. According to sources, this is part of Tesla's plan to more than double its production capacity in China to meet the growing demand for its electric vehicles in the country and export markets. more
The battle between Elon Musk and the Securities and Exchange Commission took another dramatic twist on Thursday after reports surfaced of the federal agency investigating the Tesla CEO and his brother, Kimbal Musk, of alleged insider trading. more
The National Highway Traffic Safety Administration (NHTSA) has launched an investigation on the highly popular Honda CR-V SUVs and Honda Accord sedans for a possible glitch in the vehicles' braking system. more
Operations of Volkswagen, Stellantis and Renault in Russia are now certainly at risk with Western leaders set to impose the harshest sanctions yet on the country after Thursday's deadly attack. more
Electric car maker Lucid Group announced on Tuesday, February 22, that it would recall 203 of its premium Air sedans due to a potential safety issue relating to the EV's suspension. Investors reacted negatively to the news as shares of the company came tumbling down nearly 5 percent. more
Ford Motor Company has recalled certain models of the Mustang over concerns that the backup camera wiring in those vehicles may be loose or damaged. The recall affects 330,784 Ford Mustangs produced between 2015 and 2017. more
Volkswagen is reportedly in discussions with the automotive division of Huawei about acquiring the project team that is developing the latter's autonomous driving system. more
Stellantis announced that it posted incredible financial results in 2021, tripling its net profit and doubling its operating income last year. It made $15.2 billion in its first year following the merger of Peugeot maker PSA Group and Fiat Chrysler Automobiles. more
Japanese auto giant Toyota has commissioned Yamaha Motor to develop a 5.0-liter hydrogen-fueled V8 engine for them. The unit can deliver as much as 450 horsepower at 6,800 revolutions per minute. more
With the backing of its top shareholder, Volkswagen AG is preparing an initial public offering (IPO) of Porsche, paving the way for a blockbuster listing on the stock market for the luxury car brand, which investors hope will finally unlock its true value. more
Audi announced that it has signed a landmark agreement with American wireless network operator Verizon to bring 5G connectivity to its U.S. car lineup in the near future, starting with the 2024 model year vehicles. more
BYD is aiming high in 2022, telling investors this month that one of its main goals for the year is to serve 3 million customers with new energy vehicles (NEV). That means BYD is targeting about 1.5 million NEVs this year, up 153 percent from 2021. more
The U.S. Environmental Protection Agency (EPA) reached a settlement agreement with Tesla regarding the automaker's Clean Air Act violations in its Fremont facility. Elon Musk's company agreed to pay a $275,000 penalty. more
The war between Elon Musk and the Securities and Exchange Commission rages on, with the Tesla CEO accusing the federal agency of leaking information about a federal investigation via his attorney. more
Volkswagen India confirmed the launch of a new global sedan last weekend, giving customers an idea of the vehicle's shape in a series of teasers ahead of its unveiling on March 8, 2022. more
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