Autos & Transportation recent news

Stellantis and Samsung Plans Building $2.5Billion EV Battery Plant in Indiana,USA

Global automaker Stellantis and tech giant Samsung recently announced entering into a joint venture to establish a $2.25 billion electric-vehicle battery manufacturing facility in...

Hyundai Motors To Establish $5.54-B Battery, E-Vehicle Plant in the U.S.

Hyundai Motors on Friday announced that it has entered into an agreement with the State of Georgia to create its first dedicated full electrical...

World’s most expensive car: Mercedes persuaded to sell its 300 SLR Uhlenhaut for 135 mil EUR

An extremely rare example of the 1955 Mercedes-Benz 300 SLR Uhlenhaut racing car has sold for 135 million euros (~143 million USD) at a...

Elon Musk Responds To Tesla Being Dropped From S&P 500 ESG Index

Tesla Inc.’s (NASDAQ: TSLA) CEO Elon Musk has replied harshly to reports that the electric car manufacturer had been removed from the broadly followed...

Toyota Forecasts 20% Profit Slump Due to Parts Shortages, Covid Lockdowns

Toyota Motors cautioned that "extraordinary" increases in raw material costs might shave a fifth off full-year earnings, a clear warning that the world's largest...

Rivian Automotive Tanks 21% After Ford Motor Sells Part Of Its Stake In The Start-Up

Rivian Automotive's stock hit rock bottom on Monday after CNBC reported that Ford Motor Company is selling 8 million shares of the electric car...

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