Mum’s the word for the McLaren Group as Mumtalakat, Bahrain’s Sovereign Wealth Fund, has acquired a 100 percent shareholding. The McLaren Group includes the McLaren Formula 1 team and McLaren Automotive. Mumtalakat, which means ‘assets’...

Honda and Nissan are seeking to collaborate on electric vehicles to explore common parts and engage in joint procurement. This initiative comes as the Japanese carmakers endeavour to reduce costs and elbow their way to...

Toyota is gearing up for a significant expansion of next-generation electric vehicles as it prepares to scale up the production of next-generation electric vehicles in Japan for global distribution. The company is acquiring full ownership...

The current landscape of Germany presents a multifaceted picture: grappling with the complexities of the war in Ukraine, the controversial dynamiting of the Nord Stream 2 pipeline, the cessation of affordable Russian gas imports, a...

Last week, troubled electric vehicle startup Fisker Inc. disclosed that it had received a non-compliance notice from the New York Stock Exchange (NYSE) due to its stock consistently closing below $1 for 30 consecutive trading...

Propelled by robust sales, Honda’s profit surged by more than a third in the latest quarter in North America. The strategic introduction of higher-margin products, including hybrids, was pivotal in bolstering the company’s strategic sales...