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Berkshire Hathaway Sells Additional Stake in BYD

Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.55 million Hong Kong-listed shares of electric vehicle maker BYD for HK$351.81 million...

Suppliers Brace for Price Cuts as Tesla Sparks EV Price War

Tesla Inc. and its suppliers have been under pressure to reduce costs in order to keep up with the company's aggressive price cuts in...

Rivian to Lay Off 6% of Employees After Ford and Tesla Reduce Prices

Rivian Automotive is undergoing a period of restructuring due to the industry-wide price war caused by Tesla and Ford's recent cuts. As a result,...

Electrifying U.S. Highways: 1,000 Chargers to be Installed by Electrify America and TravelCenters of America

Electric vehicles (EVs) are becoming increasingly popular, and road trips in them are becoming more feasible with the new partnership between Electrify America and...

Aurora, Self-Driving Tech Firm, Appoints Inaugural President

Aurora Innovation Inc., a self-driving technology firm, has appointed Ossa Fisher as its first president. This move is part of the company's efforts to...

GM Appoints Ex-Tesla Executive as Head of Mergers and Acquisitions

General Motors has recently hired Zach Kirkman, a former Tesla executive, as Vice President of Corporate Development and Global Mergers and Acquisitions. Kirkman had...

California Lawmakers Seek to Ban Fully Autonomous Trucking

The California Labor Federation, Teamsters locals, and several legislators are pushing for legislation that would require a trained safety driver to be present in...

VW CEO Blume Declares No Matching Tesla Price Cuts for EVs

Volkswagen Group is committed to becoming a global leader in electric vehicles, with no plans to engage in a price war with Tesla. CEO...

Citizens Bank Reduces Auto Loan Offerings in the U.S.

Citizens Financial Group, a U.S. lender, has reduced its auto loan portfolio from a peak of $14.5 billion in December 2021 to about $10...

American Rheinmetall Secures U.S. Army Contract for Trucks

General Motors Defense and American Rheinmetall Vehicles have won the first phase of the U.S. Army's Common Tactical Truck Program. The multi-phased program seeks...