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While analysts continue to debate the overall effectiveness of economic curbs on Russia, there can be no doubt they have hit hard in its car industry, which was heavily reliant on foreign manufacturers and imported parts.

Russians Switch To Used Cars As Sanctions Pummel Auto Sector

Feb 23, 2023 01:03 PM

While analysts continue to debate the overall effectiveness of economic curbs on Russia, there can be no doubt they have hit hard in its car industry, which was heavily reliant on foreign manufacturers and imported parts.

Luminar, Mercedes-Benz Expand Deal For Self-Driving Tech

By Reuters

Feb 23, 2023 12:53 PM

Automakers from Tesla Inc to General Motors are focusing on autonomous vehicles, but technological and regulatory hurdles remain.

Analysis-Tesla's Search For Mexico Location Shows Bumps On Nearshoring Road

By Reuters

Feb 23, 2023 12:14 PM

Nuevo Leon - which recent reports suggest is now the most likely destination - boasts quick access to the United States, a skilled workforce and comfortable living for executives.

VW, Mercedes-Benz Urge Berlin To Accelerate EV Charging Network Expansion: Report

By Reuters

Feb 23, 2023 12:25 PM

VW Chief Executive Oliver Blume agreed more speed was needed and that the construction of charging stations was "a common task of the economy, federal government and communes".

Jaguar Land Rover Opens Three European Self-Driving Tech Hubs

By Reuters

Feb 23, 2023 12:17 PM

The hubs in Munich, Bologna and Madrid will develop self-driving systems for JLR's next generation of luxury vehicles. JLR already has six global tech hubs the United States, China and Europe.

Nio To Build Factory In China For Budget EVs: Report

By Reuters

Feb 23, 2023 12:10 PM

The plan to broaden the company's lineup and expand overseas sales comes as EV sales sharply weaken in China, the world's largest auto market, following an end in state subsidies for EV purchases.