Volkswagen AG is preparing a sweeping restructuring plan under CEO Oliver Blume that could eliminate up to 100,000 jobs and shutter four German factories as part of a bid to slash €11 billion in overhead costs by 2030. The proposal,…
BMW M’s leadership and design chief are singing from the same hymn sheet when it comes to their ultimate dream project: a modern successor to the legendary 1978–1981 BMW M1 supercar. Speaking at the 24 Hours of Le Mans, BMW…
The Volkswagen Group is reportedly considering its largest corporate shake-up in decades, with potential job cuts of up to 100,000 worldwide and the possibility of spinning off its core brand. Four German factories, including Volkswagen’s plants in Hanover, Emden, and…
Private equity giant Bain Capital is set to acquire a controlling 51% stake in Volkswagen’s heavy-diesel engine unit Everllence for approximately $8.4 billion, with Volkswagen retaining a 49% holding, according to a company statement confirmed by Bloomberg. The deal is…
Europe’s new-car market roared back to life in May 2026, with 1,152,523 registrations across the EU, EFTA (Iceland, Norway, Switzerland), and the UK—a 3.6% year-over-year jump. The EU alone grew 3.2%, while the UK matched the overall rise at 3.6%.…
Automakers represented by the Alliance for Automotive Innovation—including General Motors, Toyota, Volkswagen, and Hyundai—warned they may halt all new and used vehicle sales in California starting July 1, 2026, unless the state delays enforcement of a 2024 law aimed at…
The myth that electric-vehicle batteries are single-use trash is flat-out wrong. Recycling EV batteries at scale has been a reality for over a decade, with automakers and specialist firms already recovering more than 95% of the lithium, cobalt, and other…
In a car culture obsessed with extracting every last horsepower, the idea of deliberately reducing engine power sounds counterintuitive. Yet detuning—deliberately dialing back an engine’s performance—can deliver tangible benefits in reliability, running costs, and even fuel economy. The logic is…
A new study reveals that electric vehicles (EVs) from 2021 are losing value faster than their gasoline counterparts, with some models shedding over 60% of their original price in just five years. According to iSeeCars data, the average 5-year depreciation…
New York’s Knicks championship parade sets the backdrop for this week’s batch of the coolest cars currently listed on Facebook Marketplace, all decked out in the team’s signature blue and orange. The search wasn’t easy—Facebook’s search function is notoriously clunky—but…