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Renault recalls over 15,000 vehicles due to risk of start-up failure

Thousands of drivers of Renault R5s and Alpine 290s were asked to visit Renault drivers due to the risk of start-up failure, though the French carmaker highlighted the issue does not affect driver safety.

Business

Luxury carmaker Aston Martin to cut 170 jobs after another annual loss

Job losses are expected to save Aston Martin £25 million as it struggles with supply chain disruptions, inefficiencies, and weak Chinese demand.

Business

Automaker Stellantis recalls 68,000 units in France due to fire risk

Stellantis has had to issue several recalls lately linked to a number of manufacturing issues, including fire risks.

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Flying car developed by Alef Aeronautics completes test, with production planned soon

Alef Aeronautics' flying car, the Model Zero, passed a major test. It can drive and fly, with production slated for 2025-2026 and 3,000 pre-orders already in place.

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Business

Volvo Group struggles with slower sales as European truck demand falls

Volvo Group reported its latest financial results on Wednesday and highlighted slower sales in Europe due to a declining demand for trucks.

Business

Tesla unveils new premium model Y in Europe, the US and Canada

Tesla has revealed a new premium model Y version, first launched in China, which comes with a range of improved features.

Business

Car giant Stellantis gears up for multi-billion dollar US investment

The global car maker Stellantis has announced that it would be heavily focusing on investing in its US operations in the coming future, in order to increase its sales volume and market share.

Economy

European car makers could see rocky 2025 amid changing regulations

Several challenges, such as changing emissions laws, as well as cost pressures could continue to erode car manufacturers' profit margins this year, according to the Society of Motor Manufacturers and Traders.

Economy

Europe’s car makers call for compromise with US to calm tariff fears

In an open letter to EU leaders, the European Automobile Manufacturers' Association (ACEA) has highlighted why Europe should strive to maintain good trade relations with both the US and China.

Business

Renault Group sales zoom ahead after 2024 European performance boost

A number of new model launches, including hybrid and all-electric vehicles, helped Renault Group deliver a rise in sales in Europe last year.

Business

Rolls-Royce Motor Cars announces major UK investment after record year

British automaker Roll-Royce Motor Cars has said that it would be ramping up investment in its Goodwood manufacturing location, in an attempt to strengthen its commitment to the UK.

Business

Mercedes-Benz may cut back on profit outlook as car market slows

The German car manufacturer Mercedes-Benz continues to struggle with a lacklustre auto market and weakening demand.

Business

Stellantis CEO Tavares quits: Why his EV bet sparked his departure

Carlos Tavares has resigned as Stellantis CEO after nearly four years, amid plunging electric vehicle sales and rising competition from Chinese car makers. His departure highlights the mounting challenges for legacy carmakers in the EV transition.

Business

Aston Martin's losses narrow as car maker's new models boost sales

Aston Martin saw a fall in pre-tax losses for the third quarter of 2024, as sale volumes rose following a range of new model launches, including the release of the DBX707 and the new Vantage.

Business

Mercedes profit driven down as demand slows in Chinese market

The German automaker is pledging to cut costs through 'efficiency increases' after weak Chinese demand hits profits.

Business

Renault tops expectations as new model demand boosts sales

The French car manufacturer, Renault, experienced a better-than-expected revenue performance in the third quarter of the year, as demand for new models soared, leading to increased sales.

Business

Car industry future: EV market obstacles and maintaining profitability

De-motorisation is generally a wealthy, urban phenomenon, according to a new report, although threats to the car industry remain.

Business

Italy's Stellantis becomes latest car giant to issue profit warning

The struggling maker of Jeep and Ram is looking for a new CEO to succeed Carlos Taveres, who is under fire from US dealers and the United Auto Workers union after a dismal first-half financial performance.

Design

Celebrating 110 years of Maserati's iconic designs

To celebrate the 110th anniversary of Italian luxury sports car manufacturer Maserati, we look back at some of the most iconic designs the company has produced since 1914.

Business

Stellantis pauses electric Fiat 500 model production as orders slow

Stellantis, along with other global electric vehicle (EV) makers, has been hit by slowing European demand lately.