General Motors (GM) now expects average new car prices in North America to climb 0.3% this year instead of staying flat or dropping 0.3%, citing a surge in artificial intelligence-driven demand for DRAM memory chips as a key factor. The…
Ford has maintained its status as a top global automaker despite recent challenges, particularly in China where competition has intensified. According to automotive analyst Felipe Munoz, Ford secured the sixth position in global market share for Q1 2026, capturing 4.42%…
China’s BYD has just unveiled the Denza Z, an electric supercar that smashes into the segment with up to 1,971 horsepower, a tri-motor all-wheel-drive powertrain, and acceleration that obliterates the 0–62 mph barrier in as little as 1.7 seconds. The…
Volkswagen CEO Oliver Blume is pushing for a sweeping restructuring plan that could eliminate up to 100,000 jobs and shutter four German plants, according to sources familiar with the proposal. The plan, set to be presented to Volkswagen’s supervisory board…
The Chinese EV giant BYD is poised to retake the title of the world’s top seller of fully electric vehicles from Tesla Inc. after shipping 557,090 battery-electric models in the second quarter of 2026, according to figures released Wednesday. While…
Chinese automakers are rapidly expanding their dealer networks across Canada, with experts saying that entering the US market later could be surprisingly straightforward for these brands. Canada is providing a near-perfect dress rehearsal for a US entry, with similar consumer…
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,…
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…
Chinese automakers have been expanding their global market share in recent years due to their competitive pricing and advanced tech features. However, some countries, including the US, have imposed legal barriers to prevent them from entering certain markets. As a…
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…