The Aboard T4 is a groundbreaking hybrid-electric travel trailer that ditches the traditional passive role of towed campers and steps into the future with its own battery, electric drive system, and smartphone-controlled maneuvering. Forget the age-old dance of shouting directions…
Rivian Automotive Inc. has reported a second-quarter adjusted EBITDA loss of $379 million, which is better than analysts’ expectations of a $548 million deficit. The company’s revenue was $1.66 billion, exceeding estimates of $1.52 billion. Rivian has attributed the improved…
BMW has announced plans to eliminate approximately 8,000 positions worldwide by the end of 2027, representing about 5% of its roughly 154,000-strong global workforce. The cuts are primarily targeted at white-collar roles in Germany, with production staff explicitly excluded. Instead…
Toyota’s global vehicle sales fell 1.1% year-over-year in June to 926,688 units, marking the fifth consecutive monthly decline, while production rose 2.2% to 984,408 units. The drop was driven by a 24% plunge in the Middle East and a 27%…
Robotics startup Revoy has raised $27 million in Series A funding to commercialize a detachable electric dolly designed to convert diesel trucks into partially electric vehicles. The device slots between a truck’s tractor and trailer, allowing an 80,000-pound truck to…
BMW AG’s Finance Board Member Walter Mertl delivered the group’s quarterly statement for the period ending 30 June 2026, outlining a mixed performance amid ongoing global headwinds. The second quarter saw Group revenues of €31.3 billion, down from the prior-year…
Dr. Milan Nedeljković, Chairman of the Board of Management at BMW AG, delivered a candid assessment of the company’s Q2 2026 performance during a conference call, highlighting significant market pressures and a decisive restructuring plan to restore competitiveness. The second-quarter…
Mercedes-Benz Group AG CEO Ola Källenius has declared that intense pricing pressure in China’s auto market is not a temporary blip but a permanent fixture. Speaking near Helsinki, Finland, Källenius said fierce competition from Chinese brands—especially those led by BYD—has…
Retail giant Walmart has rapidly expanded into the electric-vehicle charging business, opening 46 high-speed stations with 380 cords through June 2026 and positioning itself as a major competitor in the sector. The buildout leverages Walmart’s nationwide store footprint—now spanning about…
BMW has struck a deal with German worker representatives to offer voluntary severance packages as part of a global workforce reduction of about 8,000 employees—roughly 5% of its total workforce. The cuts, which will be concentrated in Germany, target roles…