Chinese giant BYD has stormed the UK new-car market in just three years, selling its 100,000th vehicle and seizing a 5% share of the total market. The surge began in March 2023 when BYD launched its first electric and plug-in…
The U.S. Federal Trade Commission (FTC) is taking aim at dealerships that flood online marketplaces with deceptive “ghost car” listings—ads for vehicles that don’t actually exist in inventory or are already sold. Nearly 100 dealers have received warning letters from…
Electric vehicle (EV) registrations in the U.S. dropped 9.8% year-over-year in April 2026, marking the smallest decline so far this year and signaling a potential market rebound. The total number of new EV registrations reached 89,147 units, according to S&P…
U.S. retail sales surged 0.9% in May, beating expectations and doubling April’s revised 0.4% increase, as government data showed broad-based consumer resilience despite persistent inflation and elevated fuel costs. The Commerce Department reported total retail and food services sales at…
Rivian Automotive has initiated another round of job cuts, eliminating hundreds of positions as the company tightens spending while rolling out its new R2 line of plug-in electric SUVs. The layoffs, which affect fewer than 2% of Rivian’s workforce, are…
BMW AG’s Board of Management has revised its full-year guidance for 2026, citing a deteriorating operating environment and a one-time impact from accelerated structural and efficiency measures. The company now expects a slight decline in automotive segment deliveries compared to…
BMW and SOLARWATT are set to launch a joint offering that integrates upcoming Neue Klasse electric vehicles into home energy networks. Announced following an expanded collaboration on smart energy and home charging solutions, the system positions the EV as an…
UK-based Dunlop Aircraft Tyres Ltd reported a sharp swing from profit to loss in its 2025 annual report, directly linked to its exit from a supply contract for the Boeing C-17 fleet. The company posted a pre-tax loss of £291,000…
Frank Stephenson, the original designer of the BMW X5 and modern Mini, has lent his talents to the Bovensiepen 05 GT, a bespoke take on the BMW M5 Touring. The 05 GT is a performance wagon that blends subtle elegance…
Volvo Group has confirmed that Mack Trucks will unveil additional additions or revamps to its truck and tractor lineup in the coming months as part of a sweeping on-highway and vocational portfolio overhaul scheduled for completion in 2027. The announcement came … Read more