Autos

Lion Electric Faces Imminent Bankruptcy Amidst Evolving EV Landscape

6 days ago

In a dramatic turn of events, Lion Electric, a leading manufacturer in the electric vehicle (EV) market, is bracing for a possible bankruptcy filing. This revelation comes as the company grapples with mounting financial pressures amid an increasingly competitive landscape dominated by traditional automakers ramping up their own electric vehicle initiatives.

Italy's Meloni Signals Willingness to Collaborate with Stellantis to Preserve Jobs

8 days ago

Italian Prime Minister Giorgia Meloni has expressed her readiness to engage in cooperative dialogue with Stellantis, the multinational automotive manufacturer, under the condition that it prioritizes job preservation within the country. This announcement comes as Stellantis prepares to implement significant operational changes, including potential plant closures and workforce reductions, prompting concern among Italian workers and their unions.

Geely's Earnings Skyrocket as Annual Sales Approach Two Million Milestone

1 month ago

In a remarkable display of growth, Geely Auto Group has reported an impressive surge in its earnings, highlighting the company’s successful navigation of a fiercely competitive automotive landscape. The Chinese automotive manufacturer is on track to meet its ambitious annual sales target, which hovers near the two million vehicle mark. This achievement is not just a celebration of numbers but a testament to Geely's strategic initiatives and adaptability in a rapidly evolving market.