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Faraday aims to reach annual production capacity of 5 million vehicles after 10 years.
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Aug
14th
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Optare is to supply 31 all-electric double deck buses to Transport for London (TfL) to start operation next summer.
Aug
14th
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The debate erupting over Ford's quarterly payout to shareholders is exposing a growing and contentious divide over what needs to be done to fix the ailing automaker.
Aug
14th
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NIO started selling its first vehicle, the ES8 crossover, in December, three years after the company was founded.
Aug
14th
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NIO, the Chinese electric-car maker backed by technology giant Tencent Holdings, filed for a $1.8 billion initial public offering as it gears up to compete against the likes of Tesla.
Aug
14th
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Elon Musk continued to drip feed details of his plan to take Tesla private.
Aug
14th
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Elon Musk continued to drip feed details of his plan to take Tesla private, saying he is getting advice from Goldman Sachs and private-equity firm Silver Lake.
Aug
14th
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New vehicle sales in China fell by over 4% to 1.89 million units in July from 1.97 million units a year earlier, according to data released by the China Association of Automobile Manufacturers (CAAM).
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14th
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Mercedes-Benz USA (MBUSA) has launched a partnership with Jefferson Community and Technical College (JCTC) in Louisville, Kentucky to tackle the critical shortage of qualified automotive technicians in America.
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14th
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Dongfeng Motor (DFL) has announced that it will accelerate the "Green 2022 Plan" rollout with a focus on green products, production and materials reuse.
Aug
14th
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Worldwide sales of BMW Group vehicles reached a total of 181,051 units in July (+0.2%; BMW, Mini and Rolls-Royce vehicles) bringing year-to-date sales up to 1,423,565 vehicles (+1.6%). Sales of its X vehicles boosted sales in markets across the world and the BMW 5 Series plug-in gave BMW China sales a welcome lift after a sluggish first half.
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14th
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VW brand's sales in China declined for two consecutive months, with July volume dropping 2.4 percent to 223,500 as consumers delay purchases over lower import tariffs.
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Enel X Mobility has negotiated a ten-year, EUR115m (US$131m) loan from the European Investment Bank (EIB) to install around 14,000 charging stations in Italy.
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14th
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South Korea's transport ministry said it will ban about 20,000 BMW vehicles from the streets amid mounting public fears about engine fires after 27 cars went up in flames this year.