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Sweden’s Volvo Cars scraps plan to only sell electric vehicles by 2030

The chip shortage took its toll on the auto industry, which has become increasingly reliant on semiconductors.Mikael Sjoberg | Bloomberg | Getty ImagesSwedish automaker...

‘A declaration of bankruptcy’: Unions lash out as Volkswagen weighs possible German plant closures

Employees of German car maker Volkswagen (VW) protest at the start of a company's general meeting in Wolfsburg, northern Germany, on September 4, 2024.Moritz...

Elon Musk’s Starlink says it will block X in Brazil to keep satellite internet active

Jaque Silva | SOPA Images | Lightrocket | Getty ImagesStarlink, the satellite internet service owned and operated by SpaceX, said it will block the...

Volkswagen warns of plant closures in Germany, citing ‘extremely tense’ situation

A VW Golf GTI stands in a parking lot within sight of the brand tower on the grounds of the VW plant in Wolfsburg.Picture...

Canada to slap 100% import tariffs on Chinese electric vehicles over ‘unfair’ competition

Canada's Prime Minister Justin Trudeau speaks during a press conference following a cabinet shuffle, at Rideau Hall, in Ottawa, Ontario, Canada, July 26, 2023.Blair...

Texas sues GM for allegedly violating drivers’ privacy

General Motors has been sued by the state of Texas, which accused the automaker of installing technology on more than 14 million vehicles to...

GM reveals new Chevy Corvette with 1,000-plus horsepower and record top speed

2025 Chevrolet Corvette ZR1 Coupe with ZTK Performance Package.DETROIT — General Motors' newest Chevrolet Corvette will be the most powerful version of the American...

China wants EU to scrap planned higher tariffs and ‘abide by WTO rules,’ state media reports

GUANGZHOU, CHINA - NOVEMBER 17: A GAC Aion Hyper SSR electric sports car is on display during the Auto Guangzhou 2023 at China Import...

EU is expected to unveil tariff plans for Chinese EVs this week

TOPSHOT - People look at a BYD Seagull car by Chinese electric vehicle (EV) manufacturer BYD Auto at the Bangkok International Motor Show in...

As Tesla layoffs continue, here are 600 jobs the company cut in California

The cuts were reported in a Worker Adjustment and Retraining Notification, or WARN, Act filing that CNBC obtained through a public records request.Facing both...

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