Surcar Europe

Ferrari posts 13% rise in quarterly earnings amid flat deliveries

7 May 2024 14:57 - Autonews

Adjusted earnings before interest, taxes, depreciation and amortization climbed 13 percent in the period, to €605 million.

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Nio readies Onvo L60 mass-market car aimed at Tesla Model Y

7 May 2024 11:33 - Autonews

Nio will unveil the Onvo L60 by the end of this month and a second smaller Firefly-branded EV, priced at less than $30,000, is planned to go on sale in Europe next year, a company executive said.

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Nio turns to rival BYD to power new EV brand, report says

7 May 2024 10:47 - Autonews

The agreement marks a win for BYD, which has been looking to expand its revenue beyond EV sales under its own brand.

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U.S. presses Germany on alleged union-busting by Mercedes

7 May 2024 09:46 - Autonews

Allegations by the United Auto Workers against Mercedes include claims the automaker fired union activists and discouraged unionization.

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U.K. self-driving startup Wayve raises $1B from Nvidia, Microsoft, SoftBank

7 May 2024 01:01 - Autonews

Wayve said the fresh funds are a vote of confidence in the company's system that lets artificial intelligence make key driving decisions without human rules.

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BYD is welcome to open factory in France, French finance minister says

6 May 2024 17:38 - Autonews

Finance Minister Bruno Le Maire said BYD and the Chinese auto industry "are very welcome in France."

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Volvo sales rise on strong EV demand in April

6 May 2024 11:43 - Autonews

Volvo sales rose 27 percent in April to 65,838 cars, boosted by demand for EVs, which accounted for 26 percent of all sales globally in the month.

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Magna Steyr to cut 500 jobs amid EV startup Fisker's financial woes

6 May 2024 11:02 - Autonews

The job cuts come as production of key models is halted or comes to an end, including the Fisker Ocean, BMW 5 Series, and the Jaguar E-Pace and I-Pace.

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Industry News

Ferrari posts 13% rise in quarterly earnings amid flat deliveries

Nio readies Onvo L60 mass-market car aimed at Tesla Model Y

Nio turns to rival BYD to power new EV brand, report says

U.S. presses Germany on alleged union-busting by Mercedes

U.K. self-driving startup Wayve raises $1B from Nvidia, Microsoft, SoftBank

BYD is welcome to open factory in France, French finance minister says

Volvo sales rise on strong EV demand in April

Magna Steyr to cut 500 jobs amid EV startup Fisker's financial woes