5+ day, 2+ hour ago   (420+ words) The Trump administration on Tuesday expressed “profound concern” to carmaker Ford about its alleged ties to Chinese technology and manufacturing. In a letter to Ford CEO Jim Farley, Transportation Secretary Sean Duffy cited Ford’s links to Chinese companies such as…...

6+ day, 15+ hour ago   (454+ words) A Volkswagen car plant in northwestern Germany is to be converted to defense production, the company said Monday, as Europe’s biggest economy ramps up military spending amid a continent-wide push to rearm. Volkswagen said in a statement that it had…...

1+ week, 3+ day ago   (397+ words) Volkswagen Group announced late Thursday that it plans to eliminate 50,000 jobs and cut half of its vehicle offerings. The German automaker is struggling with headwinds from increasing Chinese competition in Europe and tariff costs on its shipments to the US…...

3+ week, 6+ day ago   (365+ words) A bespoke model of Ferrari’s first-ever fully electric car, the Luce, has sold for $40 million, breaking the record for the most expensive new car ever sold at auction. The high bid for the tailor-made Ferrari Luce “Chassis 0” comes just months…...