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Corporate / Financial

Aston Martin posts $53m loss for 2022 F1 season

Aston Martin posts $53m loss for 2022 F1 season

An increase of almost $9m.

By Adam Cooper 29 September 2023

Alfa Romeo says it’s profitable, aims to set sales record in 2025

Alfa Romeo says it’s profitable, aims to set sales record in 2025

The fabled Italian brand is chasing profit rather than volume.

By Brian Potter 25 September 2023

Case closed: Karma and DeLorean are no longer at odds

Case closed: Karma and DeLorean are no longer at odds

Karma Automotive sued DeLorean Motors Reimagined in 2022. However, Karma now asked the judge to dismiss the case. It was granted.

By Andrew Lambrecht 23 September 2023

VW Group inks deal to import and sell Bugatti, Rimac cars in US

VW Group inks deal to import and sell Bugatti, Rimac cars in US

The companies will build a dealer network to sell the high-end models.

By Brian Potter 21 September 2023

Stellantis believes combustion engine cars will be in use through 2050

The company still plans to be all electric in the next decade, but combustion cars sold today will live well into the future.

By Brian Potter 08 September 2023

Tesla Supercharger network to become a multi-billion dollar business - analyst

Tesla Supercharger network to become a multi-billion dollar business - analyst

A Wall Street analyst estimated the Supercharger network to be worth three to six percent of Tesla’s revenues.

By Brian Potter 28 August 2023

Tesla sues two ex-employees for data breach that affected 75,000

Tesla sues two ex-employees for data breach that affected 75,000

The unnamed former employees leaked over 23,000 files totaling 100 gigabytes of data to German newspaper Handelsblatt in May.

By Brian Potter 23 August 2023

Tesla to crack down on Cybertruck leaks, employees could face consequences

Tesla to crack down on Cybertruck leaks, employees could face consequences

An internal email suggests immediate job termination if employees are found guilty.

By Brian Potter 22 August 2023

Jaguar I-Pace battery class action lawsuit: LG Chem batteries again?

Jaguar I-Pace battery class action lawsuit: LG Chem batteries again?

Jaguar Land Rover North America is facing a class action lawsuit regarding its electric I-Pace due to faulty battery packs.

By Brian Potter 12 August 2023

Tesla acquires a wireless charging startup

Tesla acquires a wireless charging startup

Tesla has officially acquired Germany-based wireless charging firm Wiferion.

By Brian Potter 07 August 2023

Tesla faces potential class suit over unrealistic EV range estimates

Tesla faces potential class suit over unrealistic EV range estimates

The lawsuit filed in California cites a 27 July report from Reuters that claimed Tesla exaggerated the range of its EVs.

By Brian Potter 04 August 2023

Ferrari says hybrids accounted for 43 percent of sales in Q2 2023

Ferrari says hybrids accounted for 43 percent of sales in Q2 2023

The share of electrified cars more than doubled compared to the second quarter of 2022.

By Brian Potter 03 August 2023

Jaguar Land Rover makes £2.25b EV investment

Jaguar Land Rover makes £2.25b EV investment

A new platform for EVs will be ready by 2025.

By Brian Potter 31 July 2023

Bentley reports its financial results for the first half of 2023

Bentley reports its financial results for the first half of 2023

While global sales slightly fell by 4% compared to 2022, the Americas, China, and Europe remain Bentley's top markets.

By Jordan Aquistapace 29 July 2023

VW Group takes 5% stake in XPeng, reveals more on Audi-SAIC deal

VW Group takes 5% stake in XPeng, reveals more on Audi-SAIC deal

Volkswagen will spend $700 million for 4.99 percent of XPeng; the carmakers will co-develop two mid-size EVs for China coming in 2026.

By Brian Potter 27 July 2023

Jaguar admits past decisions have pushed brand into mediocrity

JLR Chief Creative Officer Gerry McGovern concedes Jag has no brand equity whatsoever.

By Brian Potter 26 July 2023

2020 Norton Motorcycles pensions scam investigation gets its own podcast

2020 Norton Motorcycles pensions scam investigation gets its own podcast

British news outlet the Guardian dedicated a two-part investigative series to wrapping up the loose ends.

By Brian Potter 25 July 2023

Tesla directors accused of overpaying themselves will return $735m

Tesla directors accused of overpaying themselves will return $735m

The directors include Elon and Kimbal Musk, Oracle co-founder Larry Ellison, and James Murdoch, son of media mogul Rupert Murdoch.

By Brian Potter 19 July 2023

VW CEO calls for immediate freeze on spending, says “all is at stake”

VW CEO calls for immediate freeze on spending, says “all is at stake”

The German brand’s head honcho warned managers of tough times.

By Brian Potter 15 July 2023

Gernot Dollner becomes new Audi CEO, replaces Markus Duesmann

Gernot Dollner becomes new Audi CEO, replaces Markus Duesmann

The change takes effect on September 1.

By Brian Potter 30 June 2023

Nissan investigating claims that CEO kept COO under surveillance - report

Nissan investigating claims that CEO kept COO under surveillance - report

A letter to the Financial Times revealed COO Ashwani Gupta was under surveillance for questioning the revised Renault agreement.

By Brian Potter 28 June 2023

Former Audi CEO fined £945k, gets suspended sentence for Dieselgate role

He agreed to confess to his involvement in the scandal last month.

By Brian Potter 28 June 2023

Alpine teases seven EVs coming by 2030, brand launching in the US in 2027

F1 efforts will be funded by Maximum Effort Investments, led by Ryan Reynolds.

By Brian Potter 27 June 2023

VW Group CEO admits Audi lags behind rivals, software issues to blame

VW Group CEO admits Audi lags behind rivals, software issues to blame

The automaker wants to speed up EV development.

By Anthony Alaniz 25 June 2023

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