Tag: Autos
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Chinese EV makers are outpacing U.S. automakers in overseas investments
China has a saturated domestic market, which has led Chinese companies to look elsewhere to sell electric vehicles.
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Volkswagen to slash model lineup and shrink capacity — but no word on job cuts
The update followed a high-stakes boardroom showdown with the group’s supervisory board.
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SpaceX stock closes below debut price at $148 in two-day slide after Nasdaq 100 inclusion
SpaceX’s record IPO raised a total of $85.7 billion after underwriters exercised the “greenshoe” overallotment.
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Used EVs keep getting more expensive amid Iran war, high gas prices
The Manheim Used Vehicle Value Index for EVs — which tracks prices of used vehicles sold at its U.S. wholesale auctions — increased 12% compared to June 2025.
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Stellantis to sell small Fiat Topolino EV for $13,995 in U.S.
While the Topolino resembles a small car such as the Fiat 500, the EV is actually a quadricycle that functions more like a golf cart.
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Rivian stock falls 10% as company sells 75 million shares to raise capital
The capital raise occurred during extended hours trading following Rivian shares increasing 8.1% on Monday after increasing 19.2% last week.
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Chinese lidar maker with Nvidia ties accused of being cyber risk for U.S.
Hesai Technology was blacklisted as a national security threat in 2024 by the U.S. Department of Defense, which designated Hesai as a Chinese military entity.
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Toyota to invest $3.6 billion to move Tacoma pickup truck production from Mexico to Texas
Toyota said it is investing $3.6 billion to move production of the Tacoma midsize pickup truck from Mexico to its San Antonio manufacturing campus in Texas.
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Ford achieves quality milestone, as CEO targets flawless new vehicle launches
Ford CEO Jim Farley told CNBC that the automaker has learned from its past quality and recall issues, which have hurt its earnings and stained its reputation.
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Ford Q2 sales drop 10.3% due to F-Series supplier issue, falling EV demand
Ford said its EV sales fell by 40.7% during the quarter compared with a year earlier, while sales of its F-Series trucks, including the F-150, fell 11%.
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