Volvo has abandoned its goal of becoming a fully electric carmaker by 2030 due to declining demand for battery-powered vehicles.
Volvo retracts decision to discontinue classic estate models
Car manufacturer Volvo has reversed its decision to discontinue its classic estates, saving them from the scrapheap.
Judges hear that Car makers are confronted with 1.2 million lawsuits related to the emissions scandal.
Judges have been informed that car manufacturers are facing over 1.2 million compensation claims due to allegations of installing “defeat devices” in diesel vehicles to circumvent emissions tests.
Aston Martin’s recovery is hindered by delays in production, leading to an increase in losses.
Aston Martin has announced a reduction in its car delivery forecast for this year, attributing the decrease to supply chain issues and software problems that have affected the production of
Aston Martin’s losses have doubled in 2022
During 2022, Aston Martin experienced a significant increase in losses, as the luxury automaker invested heavily in new models and navigated supply chain challenges that impacted the global car industry.
Saudi Arabia’s sovereign wealth fund to become Aston Martin’s No.2 shareholder
Saudi Arabia’s sovereign wealth fund will be the second largest shareholder of Aston Martin (AML.L. ), with nearly 17% ownership in a capital raise that aims to pay off debt
These 20 companies are racing to build self-driving cars in the next 5 years
There’s no question that self-driving cars are coming — the real debate at this point is who will get there first. We rounded up a whopping 20 companies — from traditional