Electric Vehicles

Business

Stellantis Posts $26.3B Annual Loss, Pivots Strategy as EV Push Stalls

Stellantis, the global automaker behind Jeep and Ram, reported a staggering $26.3 billion net loss for 2025, driven by nearly $30 billion in charges linked to its aggressive electric vehicle transition. The company now signals a strategic shift, reintroducing gasoline, diesel, and hybrid powertrains across key models in response to slower-than-expected consumer adoption.

Mar 6, 2026

Business

VinFast Accelerates African Expansion with Congo Green Taxi Partnership

Vietnamese EV maker VinFast has signed a preliminary agreement with Congolese firm Exposure SARL to explore launching an all-electric taxi fleet in Kinshasa, marking a strategic push into Central Africa's mobility market.

Feb 15, 2026

Business

Analysis: Weaker Fuel Standards Leave U.S. Drivers and Automakers Exposed to Volatile Oil Prices and Global EV Shift

As gasoline prices surge amid geopolitical tensions, the rollback of U.S. fuel economy rules is projected to increase long-term costs for consumers and risks ceding the growing electric vehicle market to foreign competitors, particularly China.

Mar 11, 2026

Business

Porsche's Electric Sports Car Ambitions Stall: 718 EV Line Under Review as VW Group Sharpens Cost Focus

Volkswagen Group is reportedly reconsidering the future of the all-electric Porsche 718 Boxster and Cayman, citing development hurdles and rising costs. The potential move signals a strategic pivot towards core, high-volume electric vehicles and stricter financial discipline across the auto giant's portfolio.

Feb 5, 2026

Business

Toyota Doubles Down on Hybrids as Global EV Policy Shift Accelerates

Toyota Motor is set to significantly boost its global hybrid vehicle production to 6.7 million units by 2028, capitalizing on shifting government policies and consumer demand away from pure electric vehicles.

Feb 5, 2026

Business

Toyota Drives to Record January Sales, Electrified Models Now Over Half of Global Deliveries

Toyota Motor Corporation reported a robust 5% increase in global sales for January 2026, surpassing 887,000 vehicles. Strong U.S. performance and surging demand in key Asian markets fueled growth, while electrified vehicles, including hybrids and a rapidly expanding BEV lineup, crossed a milestone 50% share of total sales.

Feb 28, 2026

Business

Ford Explores European Production Partnership with China's Geely Amid EV Tariff Pressures

Ford Motor Co. is in preliminary discussions with China's Geely Auto to potentially utilize the American automaker's underused factory capacity in Spain, a move that could help Geely circumvent recent EU tariffs on Chinese electric vehicles while improving Ford's European cost efficiency.

Feb 5, 2026

Business

European Auto Market Stalls in January 2026 as Traditional Engine Sales Plummet

New car registrations across the European Union fell nearly 4% year-on-year in January, with a dramatic collapse in gasoline and diesel vehicle sales highlighting the accelerating shift toward electrified powertrains.

Feb 27, 2026

Business

Tesla's Used Car Market Defies EV Downturn, Prices Climb Post-Tax Credit Expiry

While most used electric vehicles see prices soften, pre-owned Teslas have bucked the trend with a notable price surge following the end of federal incentives for new EVs, cementing the brand's dominance in the secondhand market.

Feb 20, 2026

Business

Stellantis Pivots Strategy: Revives Combustion Engines Amid EV Slowdown and Safety Recall Pressure

Facing slower-than-expected electric vehicle adoption, Stellantis is reviving diesel and gasoline models in key markets while managing a critical 'Do Not Drive' warning for older vehicles with defective Takata airbags. The strategic shift highlights the auto industry's struggle to balance regulatory ambitions with consumer demand.

Feb 16, 2026

Business

Diverging Roads: How Ferrari's Electric Charge Contrasts with Lamborghini's Retreat

The luxury auto sector's journey toward electrification reveals a stark split in strategy. While Ferrari accelerates its first EV to market, Lamborghini cancels its flagship electric model, highlighting the unique challenges high-end brands face in a shifting landscape.

Mar 9, 2026

Business

From Kits to Roads: How Nigeria and Kenya Are Building Africa's Electric Van Future

African e-mobility firms, leveraging Chinese EV kits and innovative financing, are launching local assembly lines for electric vans and taxis. This push, led by Nigeria's Saglev and Kenya's Rideence Africa, aims to cut transport costs, reduce emissions, and build domestic manufacturing capacity across the continent.

Feb 17, 2026

Business

Ford's Quality Crisis Deepens: 615,000 Vehicles Recalled Over Safety Defects

Ford Motor Company faces renewed scrutiny as it announces two major safety recalls affecting over 615,000 vehicles in the U.S., casting doubt on management's claims that manufacturing problems are in the past. The recalls come amid ongoing challenges in its electric vehicle division and intensifying competition.

Mar 7, 2026

Business

Ford's Escape Exit Leaves a Void: Can a $30K Electric Pickup Fill the Gap?

Ford has ended production of the high-volume Escape crossover in the U.S., clearing its Kentucky plant for an affordable electric pickup. While the move underscores the company's electric future, dealers and analysts question the immediate strategy to replace a model that accounted for over half of Ford's crossover sales.

Mar 21, 2026

Business

Luxury EV Reality Check: Mercedes Slashes $25K Off Maybach EQS as High-End Electric Demand Falters

Mercedes-Benz is deploying unprecedented dealer incentives, including a $25,000 bonus on the Maybach EQS, to move slow-selling luxury electric vehicles. The aggressive discounts signal a broader market shift where affluent buyers are rejecting six-figure EVs, forcing a strategic rethink across the premium auto sector.

Mar 15, 2026

Business

Toyota Bets Big on Electric Highlander Amid Industry EV Pullback

Toyota is reviving the Highlander nameplate as a three-row electric SUV for 2027, launching into a cooling EV market where rivals are scaling back ambitions.

Feb 12, 2026

Business

Porsche's Profits Plummet 92% Amid Strategic Pivot, Forcing Deeper Job Cuts

The iconic German automaker faces a perfect storm: a massive €3.9 billion write-down on its electric vehicle strategy reversal, a sustained sales slump in China, and punishing U.S. tariffs have cratered its 2025 operating profit. In response, CEO Michael Leiters announces further workforce reductions beyond the 3,900 already planned, as the company scrambles to streamline and refocus on more profitable combustion-engine and luxury models.

Mar 13, 2026

Business

Japan to Ease Import Rules for US-Built Vehicles, Paving Way for Toyota, Honda Models

Japan is set to overhaul its safety certification process for American-made automobiles, eliminating redundant domestic tests in a move that could see popular US-built Toyota and Honda models return to Japanese showrooms.

Feb 17, 2026

Business

Ford's Electric Shock: Record Losses Force Strategic Pivot as EV Ambitions Collide With Market Realities

Ford Motor Company closed a tumultuous 2025 with staggering financial losses, driven by massive write-downs on its electric vehicle programs and unexpected tariff costs. Despite posting record revenue, the automaker is now scaling back its premium EV plans, doubling down on hybrids and its profitable commercial unit, and promising more affordable electric models under $40,000.

Feb 15, 2026

Business

BorgWarner Secures Major 800V Drive System Deals in Europe and North America, Bolstering EV Transition

The automotive supplier has won significant contracts to supply its next-generation 800V integrated drive modules for range-extended electric vehicles, with production for both programs slated to begin in 2029, marking a key step in high-voltage electrification.

Feb 13, 2026