Automotive

    German luxury sports car manufacturer Porsche announced an agreement with labor representatives on Monday to reduce its workforce by an additional 5,000 positions by 2035 as part of a restructuring program. The decision brings total planned job eliminations across the

    Japan’s new car sales rose 1.8% in the first half of 2026, marking a second straight first-half gain for the domestic auto market. Automakers sold 2,387,189 new vehicles from January through June, including minivehicles. The increase followed a stronger second

    BRUSSELS, December 17, 2025: The European Union is set to ease its planned 2035 ban on the sale of new combustion engine vehicles after sustained pressure from automakers and several member states, marking a significant policy adjustment in the bloc’s long-term climate agenda.

    SHANGHAI, December 3, 2025: Tesla reported a 9.9 percent year-on-year increase in sales of its China-made electric vehicles (EVs) in November, marking the company’s strongest growth in more than a year, according to data released by the China Passenger Car Association (CPCA). The

    BERLIN, Oct. 25, 2025: Porsche AG reported an operating loss of €967 million for the third quarter of 2025, its first quarterly loss since the company went public in 2022. The result compares with an operating profit of €974 million in the

    WASHINGTON, October 9, 2025: U.S. auto safety regulators have opened a formal investigation into nearly 2.9 million Tesla vehicles equipped with the company’s Full Self-Driving (FSD) system following reports of traffic violations and multiple crashes involving the software. The National Highway Traffic Safety

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    – The African Union has formally launched the Africa Credit Rating Agency, known as AfCRA, in Mauritius. The agency will provide credit assessments for African sovereigns, companies, financial institutions and other issuers. Its launch took place in Port Louis during