News
Global car production falls 1% in Q1 2026, China remains top producer
2+ hour, 23+ min ago (226+ words) Global vehicle output slipped in the first quarter. China's continued dominance and contrasting gains in India and the US suggest uneven recovery. Global motor vehicle production in the first quarter of 2026 declined by 1% compared with the same period last year…...
US blocks Polestar sales and forces exit from American market
10+ hour, 10+ min ago (330+ words) A US export rule tied to national security blocked Polestar's 2027 sales permission, triggering a strategic retreat that could reshape EV market dynamics. The electric-vehicle maker Polestar said on Thursday that it is being pulled from the U. S. market after a decision…...
Volkswagen plans plant closures and nearly doubles planned layoffs to about 100, 000
21+ hour, 24+ min ago (533+ words) A surprise plan to close German plants and ramp up layoffs exposes governance tensions and rekindles investor criticism over Volkswagen's ownership rules. As stated by Reuters On June 26, in Frankfurt am Main, reports emerged about Volkswagen's plans to close manufacturing…...
Aseon Labs raised $10 M to build robotic pit stops for robotaxis
21+ hour, 17+ min ago (450+ words) Small mobile pods could slash empty mileage and transform robotaxi economics, but Aseon must still secure operator contracts and prove large scale viability. As informed by Techcrunch In San Francisco, an empty autonomous taxi is nearly everywhere " either roaming from…...
US solar developers rush to lock tax credits before July 4, buyers face higher energy prices
23+ hour, 26+ min ago (622+ words) A looming deadline is pushing U. S. solar developers into a fast race to qualify projects. Buyers could face sharply higher contract prices if credits lapse. As noted by Reuters American solar developers have tapped federal subsidies for a wave of projects…...
Honda shareholders reappoint CEO Toshihiro Mibe after apology over record loss
1+ day, 5+ hour ago (402+ words) An uneasy vote left Honda's board intact after the CEO apologized for heavy losses, but tensions over EV strategy and China exposure remain. As informed by Reuters In Tokyo, Honda Motor Co. CEO Toshihiro Mibe won backing for his reappointment…...
Trump administration bans Polestar sales in US, dealers face disruption
1+ day, 19+ hour ago (231+ words) Regulators enacted an immediate ban that stunned dealers and consumers, leaving legal reasons unclear and industry observers bracing for ripple effects. The Trump administration has banned Polestar from selling its new electric vehicles in the United States. The measures cover…...
Agility Robotics goes public in $2. 5 B SPAC deal | Ukraine news - #Mezha
3+ day, 5+ hour ago (213+ words) A major SPAC and Foxconn led PIPE will inject capital to scale production of Digit robots. The funding could reshape commercial humanoid deployments. According to Reuters On June 24, 2026, Agility Robotics plans to go public through a merger with Churchill Capital…...
Volkswagen agreed to sell Everllence to Bain Capital, securing "7. 4bn cash
2+ day, 9+ hour ago (347+ words) The carve-out will reshape VW's industrial portfolio and aims to unlock funds for core operations. Regulatory and worker approvals remain key hurdles this year. As stated by Reuters On June 24, Volkswagen agreed to sell the Everllence diesel division to Bain…...
Elon Musk loses $152 billion as Space X shares tumble, net worth falls to $957 billion
3+ day, 53+ min ago (236+ words) A sharp one-day pullback in Space X shares trimmed more than $150 billion off Musk's fortune, leaving investors reassessing risk exposures and portfolio concentrations. As online media reports Ukrinform. The wealth of American entrepreneur Elon Musk has fallen to $957 billion after…...