Toyota sales drop for fifth straight month amid Iran turmoil and China slowdown
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%…
Electric Vehicles
Revoy secures $27M to scale plug-in electric conversion kit for diesel trucks
Robotics startup Revoy has raised $27 million in Series A funding to commercialize a detachable electric dolly designed to convert diesel trucks…
BMW AG Finance Chief Walter Mertl’s Q2 2026 Quarterly Statement Highlights Market Challenges and BEV Growth
BMW AG’s Finance Board Member Walter Mertl delivered the group’s quarterly statement for the period ending 30 June 2026, outlining a mixed…
BMW AG Chairman Dr. Milan Nedeljković Outlines Strategic Shifts in Q2 2026 Earnings Call
Dr. Milan Nedeljković, Chairman of the Board of Management at BMW AG, delivered a candid assessment of the company’s Q2 2026 performance…
More speed, more efficiency: BMW Group realigns for tougher competition
The BMW Group is taking steps to tackle the increasingly competitive environment, with a focus on efficiency and speed. Despite a significant…
Mercedes CEO warns China’s brutal price war is here to stay
Mercedes-Benz Group AG CEO Ola Källenius has declared that intense pricing pressure in China’s auto market is not a temporary blip but…
Walmart jumps into EV charging with nationwide rollout, outpacing rivals
Retail giant Walmart has rapidly expanded into the electric-vehicle charging business, opening 46 high-speed stations with 380 cords through June 2026 and…
BMW rolls out voluntary buyouts to slash 8,000 jobs globally amid China sales slump
BMW has struck a deal with German worker representatives to offer voluntary severance packages as part of a global workforce reduction of…
China’s New Zeekr 9X Super Hybrid SUV Takes Aim at German Luxury Titans
Zeekr has unveiled the 9X, a full-size luxury plug-in hybrid SUV designed to challenge Europe’s established premium brands with a blend of…
World’s Biggest Car Carrier Left Shanghai With Enough Teslas To Stretch 22 Miles
A Chinese car carrier, the Glovis Nova, has set a national record for electric vehicles shipped in one voyage, carrying 7,738 Teslas…