Auto Industry News

Cruise is focusing on cutting costs this year as mounting losses in the autonomous vehicle companies have sparked investor concerns and forced some to shut shop.

Built in collaboration with fashion designer Iris van Herpen, the one-off Phantom features unique three-dimensional elements inspired by flowing water.

With most car companies phasing out their gas-powered cars in favor of electric variants, automakers that had earlier differentiated their muscle cars with large engines will now rely on software updates and quirks to define their muscle cars.

The ID.3 gets a redesign in the front and rear end that gives the EV a sharper appearance while the cabin has been updated with newer tech and greater use of recycled materials.

Rivian said it was sticking to its official production forecast of 50,000 electric vehicles in 2023.

The new variant could be introduced with the roll-out of the RDE-compliant model in the coming weeks.

The company is expected to set-up a new battery plant in the US along with a dedicated plant for the upcoming Scout brand.

Oil giant Aramco has agreed to take a minority stake in a new powertrain engine company to be set-up jointly by Renault SA and China's Geely Automobile Holdings Ltd.