The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.
which includes the joint venture between the Chinese state-owned SAIC Motor and Wuling as well as General Motors, also had a market share of 8 percent as of the most recently available data.
SAIC Motor Corp., the Chinese partner of General Motors Co., said preliminary profit for 2024 may plummet by as much as 90% due to a writedown of the US carmaker’s joint venture in the nation and a ...
Jato Dynamics reports that Europe’s new passenger car market grew by 0.9% in 2024, with 12,909,741 registrations. Despite the slight ...
On the Tesla front, Musk said robotaxis with unsupervised Full Self Driving technology will begin picking up fares in Austin, ...
A more favorable federal regulatory and legislative environment may help propel the growth of driverless ride-hailing vehicles in the United States.
The other tidbit that seems to have investors very excited is Musk’s promise that the company’s Cybercab Robotaxi, which we ...
BYD’s record-breaking year is paying dividends. Despite its vehicles selling for less than $17,000 on average, BYD topped Mercedes-Benz ...
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