Ferrari shares fell as much as 7 per cent in Milan trading on Monday, dropping to €290.55 and wiping roughly £3 billion from the company’s market cap. The sell-off came one day after the Italian carmaker unveiled the Luce, its first fully electric vehi…
The Maranello firm’s first all-electric model starts at €550,000, runs to more than 1,000 horsepower and arrives with deliveries in the fourth quarter. Ferrari pulled the covers off its first all-electric road car on Monday: the Luce, a four-door, five…
Stellantis CEO Antonio Filosa said on Thursday that the company sees opportunity to produce and sell Chinese-branded vehicles in Mexico and potentially Canada. In the United States, the answer is different. “Now there is no space in the United States. …
Tesla announced on Thursday that its Full Self-Driving (Supervised) system is now available in China, listing the country among 10 markets where the technology can be accessed. The announcement on X was short on details and marks the first time Tesla h…
Most CEOs would not go on stage and admit their product was not competitively priced against a rival. Lei Jun did exactly that on Wednesday evening, and then launched a model that fixes it. At Xiaomi’s “Human x Car x Home” launch event on 21 May, the f…
BYD and Chery led a doubling of Chinese EV deliveries in April, even as Brussels keeps its tariff wall up and Stellantis quietly hands the keys to underused European plants. Chinese brands accounted for more than 15 per cent of Europe’s electric-vehicl…
Tesla’s Full Self-Driving software is no longer a single-country experiment in Europe. Lithuania became the second EU member state to approve FSD (Supervised) on Tuesday, just weeks after the Netherlands became the first. Greece and Belgium are expecte…
War has a way of rewriting consumer habits overnight. Since US and Israeli airstrikes hit Iran at the end of February, crude oil has soared past $100 a barrel for the first time since Russia’s 2022 invasion of Ukraine. The result at Europe’s petrol pum…
The first car off the line on Monday marks the start of a slow ramp. Public pilots arrive in the second half, fully driverless by early 2027. XPeng said on Monday that the first robotaxi had rolled off its production line in Guangzhou, making the Chine…
Michael MacGillivray, the CEO of Century Auto Group and Sigma Auto Group, oversees 10 dealerships across Nova Scotia and New Brunswick. In April, he flew to the Beijing Auto Show to shake hands with Chinese automakers and drive their cars. He came back…