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Honda Motor Co. cut its annual profit guidance by 21% on Friday, citing a critical semiconductor shortage and plummeting Asian demand while confirming the Japanese automaker now expects electric vehicles to comprise just 20% of global sales by 2030, reports Bloomberg. The announcement marks the latest setback in Honda’s year of cascading retreats from electrification…
BMW has rolled out significant updates to its best-selling i4 electric sedan for 2026, bringing improved range and a more powerful flagship variant just as the German automaker prepares to transition to its revolutionary Neue Klasse platform. The updates, announced by BMW and detailed across automotive publications, represent the i4’s final evolution before next-generation models…
Tesla’s October 2025 sales collapsed across Europe, with registrations plummeting by double-digit margins in nearly every major market—just as shareholders vote today on CEO Elon Musk’s nearly $1 trillion compensation package. The timing couldn’t be worse for the embattled EV maker, as the catastrophic sales figures underscore growing questions about whether Musk deserves the largest…
UK Chancellor Rachel Reeves is reportedly considering a 3p-per-mile tax on electric vehicle drivers in next week’s Autumn Budget, according to The Times. The proposed pay-per-mile charge would help offset a massive decline in fuel duty revenue as British drivers increasingly switch from petrol and diesel vehicles to EVs. The move comes as the UK…
Tesla shareholders face an unprecedented decision Thursday as they vote on CEO Elon Musk’s nearly $1 trillion compensation package—with Board Chair Robyn Denholm warning that rejecting it could trigger Musk’s departure and send the company’s stock into freefall. The vote, taking place at Tesla’s annual meeting on November 6, has divided major institutional investors and…
Porsche is testing heavily camouflaged electric 718 Cayman prototypes at Germany’s Nürburgring circuit, with the sports car wearing fake bodywork designed to make it resemble a 911. The testing comes as Porsche posts its first quarterly loss ever—a staggering $1.1 billion wipeout—while simultaneously developing both electric and combustion versions of its entry-level sports car for…
Tesla has pulled back the curtain on the engineering philosophy behind its new Model Y Performance, revealing how the electric automaker achieved blistering 3.3-second 0-60 mph times and 306 miles of EPA-estimated range through aerodynamic refinement rather than simply cranking up horsepower. In a detailed design walkthrough, Tesla’s engineering team explained how everything from extended…
General Motors is laying off more than 3,300 electric vehicle workers across Michigan, Ohio, and Tennessee as the automaker slashes EV production following the expiration of federal tax credits. The cuts represent one of the most significant workforce reductions in the industry since the $7,500 EV incentive ended on September 30, 2025. The layoffs come…
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