The automaker revealed that the restructuring was necessitated by laying off half of its workforce, as it plans to preserve cash.
Tesla CEO Elon Musk has revealed that Chinese automakers are major challengers in the EV industry. Musk, while speaking on Tesla’s earnings call on Wednesday, revealed that...
The plant would be completed by the end of the year and its operation would boost the exportation of vehicles abroad
Dutch solar EV startup Lightyear has said its restructuring strategy is to focus on the manufacturing of a more affordable model. Less than two months after...
Recent reports reveal that surging interest rates, high inflation, high gas prices, and some other economic factors devastated the U.S. auto industry in 2022. Automakers in...
Importation of foreign used cars popularly known as "tokumbo" has dropped by 51.2 percent in the first half of 2022.
Lagos State, the most populated city in Africa is at risk of an economic slowdown as Lagos State commercial drivers announced the commencement of a seven...
Automakers are planning to spend $1.2 trillion through 2030 to develop and produce millions of Electric Vehicles (EVs), along with the batteries and raw materials needed...
The National Agency For Science And Engineering Infrastructure has commenced training for 100 youths in auto mechanics in Kano state, Nigeria.
Tesla reportedly delivered 343,830 electric vehicles in the third quarter (Q3), a new record for the company this year