Lucid Motors said on Thursday that its chief financial officer, Taoufiq Boussaid, will be leaving the company, the latest in a series of leadership changes under new CEO Silvio Napoli. Alexander De Bock, a veteran automotive finance executive who previ…
Ford reported a 10.3% decline in US new vehicle sales for the second quarter, selling 549,200 vehicles compared with 612,095 a year earlier. Pure EV sales plunged 40.7% year on year. F-Series truck sales, including the F-150, fell 11% after Ford’s top …
Tesla delivered 480,126 vehicles in the second quarter of 2026, far exceeding the Wall Street consensus of approximately 406,000. Production came in at 451,758 units. The delivery figure represents a 25% year-on-year increase and a 34% jump from Q1, wh…
Hong Kong-listed shares of Chinese EV makers surged on Thursday after June delivery figures beat expectations. BYD gained around 9% and Xiaomi climbed about 5%. BYD posted 403,472 vehicle sales in June, up 5.46% from the same month last year. Deutsche …
Momenta is heading to the public markets. The self-driving software firm has opened its Hong Kong IPO, seeking up to $752mn to pour into AI research and robotaxis. The Momenta IPO would value the GM-backed company at close to $9bn. The Suzhou-based com…
The Trump administration has barred Polestar from selling new electric vehicles in the United States, denying the Geely-owned automaker authorization under the Connected Vehicle Rule. The decision, first reported by TechCrunch, means Polestar will not …
Toyota is gaining on General Motors in the race for America’s sales crown, and the gap is now the narrowest it has been in half a decade. A new forecast from Cox Automotive, released on Wednesday, projects Toyota will sell approximately 1,250,000 vehic…
Ferrari is replacing its Chief Marketing and Commercial Officer Enrico Galliera, who has held the role for more than 16 years, with former BMW Italy CEO Massimiliano Di Silvestre. The change takes effect July 1 and comes exactly one month after the con…
Slate Auto revealed Wednesday that its electric pickup truck will start at $24,950, making it the cheapest new truck available in the United States. The Bezos-backed startup simultaneously opened preorders, converting more than 180,000 existing reserva…
Honda R&D, the independent research arm of Honda Motor Company, has signed a multiyear joint research agreement with California-based QuantumScape to develop and manufacture solid-state battery cells. The deal, announced on June 18, makes Honda the…