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Tesla’s China-made EV sales extend growth streak, but momentum fades
1+ week, 4+ day ago (264+ words) BEIJING, Sept 2 (Reuters) – Tesla’s China-made electric vehicle sales slowed to a gain of 3.6% year-on-year in August, down sharply from the prior month, as divergent trends persisted across the U.S. automaker’s major markets. Sales of Model 3 and Model Y vehicles…...
Explainer-What is Radiant World and why is it in the news?
2+ week, 2+ day ago (575+ words) LONDON, Aug 28 (Reuters) – Commodity trader Radiant World is under scrutiny as counterparties have stopped doing business with it following news that authorities are investigating a report it provided invalid documents to banks. Radiant has called the claims inaccurate and unsubstantiated,…...
China flexes its auto-safety chops with huge recall of Tesla, other cars
2+ week, 4+ day ago (725+ words) SHANGHAI/BEIJING, Aug 26 (Reuters) – A huge recall in China last week aims to address a long-standing fear of EV owners: potentially being trapped in their cars when the power fails. It also highlights how Beijing is now spearheading new auto…...
Tesla raises prices of Cybertrucks in the US
2+ week, 5+ day ago (106+ words) Aug 25 (Reuters) - Tesla raised the prices of some of its Cybertruck pickup trucks in the United States on Tuesday, according to its website. The company increased the price of its Cybertruck dual motor and premium all-wheel drive by $5... Tesla raises…...
Explainer-What we know about the door handles that triggered China’s record auto recall
3+ week, 1+ day ago (661+ words) By Nora Eckert and Mike Colias Aug 21 (Reuters) – Electronic door handles of the kind that are at the center of China’s largest-ever vehicle recall have proliferated across the globe over the past decade, especially on electric vehicles. Tesla and eight…...
VW’s Blume says overhead costs 30% above rivals, 50,000 jobs figure a guide
3+ week, 1+ day ago (239+ words) BERLIN, Aug 21 (Reuters) – Volkswagen CEO Oliver Blume said the German carmaker’s overhead costs remain over 30% higher than those of comparable firms and that it must reduce that disadvantage to stay competitive, according to an internal company interview. “The frequently cited…...
Satellite maker Muon Space valued at $1.5 billion, source says
3+ week, 2+ day ago (324+ words) Aug 20 (Reuters) – Satellite-constellation developer Muon Space has raised $250 million in a Series C funding round as it looks to expand manufacturing capacity amid rising demand for space-based infrastructure. The company was valued at $1.5 billion in the round, a source familiar…...
China drove global electric truck, bus sales above half a million in 2025
3+ week, 3+ day ago (175+ words) Aug 20 (Reuters) – Sales of electric trucks and buses nearly doubled globally in 2025, data from research organization the International Council on Clean Transportation showed in a report published on Thursday. China drove most of the growth and other markets such as…...
Italy’s Intesa Sanpaolo holds stake in SpaceX worth nearly $1 billion in second quarter
3+ week, 5+ day ago (112+ words) MILAN, Aug 17 (Reuters) – Italy’s biggest bank Intesa Sanpaolo held a stake worth about $966 million in Elon Musk’s SpaceX as of June 30, an SEC filing showed. • Intesa held nearly 5.66 million shares in the rocket and satellite company at the end of…...
Ferrari’s bespoke Luce EV one-off fetches $40 million at charity auction
3+ week, 6+ day ago (249+ words) MILAN, Aug 17 (Reuters) – Ferrari has sold at auction a one-off, bespoke version of the Luce, its first fully electric vehicle, for $40 million, the Italian luxury sports car maker said, adding that the money will be used for education projects to…...