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Hyundai Motor Group has officially dethroned Volkswagen as the world’s second-most profitable automaker, CEO José Muñoz declared at a high-performance vehicle launch in France, widening the gap between the surging Korean conglomerate and Europe’s largest automaker now hemorrhaging cash. The announcement came as Volkswagen continues its catastrophic 2025, posting a €1.3 billion quarterly loss while
NIO just reversed four consecutive quarters of widening losses, posting its smallest quarterly deficit since 2022 as record vehicle deliveries and aggressive cost-cutting show the Chinese EV maker may finally be finding its footing in an industry where most competitors are hemorrhaging cash. The Shanghai-based automaker reported a Q3 net loss of RMB 3.48 billion…
Tata Motors predicts India will reach EV-gasoline price parity by 2030, but the company is watching its market share get sliced in half as Tesla, VinFast, and Chinese competitors pile into one of the world’s last remaining growth markets, Bloomberg reports. The timing could not be more brutal. As China’s EV market drowns in overcapacity…
A four-year-old startup with only two vehicles just embarrassed the entire luxury EV establishment. U.S. News & World Report named Lucid Motors the Best Luxury Electric Vehicle Brand for 2025, ranking the American upstart above Tesla, Porsche, BMW, and Rivian. The recognition validates what Lucid has been claiming since its founding: engineering excellence can trump…
Tesla claimed victory on European Full Self-Driving approval. The regulator in charge says that never happened and wants Tesla fans to stop flooding its customer service lines with thank-you messages. The public contradiction exposes an unconventional pressure campaign that one autonomous driving expert called “unheard of” in regulatory history. RDW Disputes Tesla’s February 2026 Promise…
A former General Motors executive who spent 12 years engineering America’s best-selling trucks just delivered a damning verdict on Tesla’s flagship SUV. Terry Woychowski, President of Caresoft Global and former GM Vice President, told Bloomberg that Xiaomi’s YU7 electric SUV has “bested” Tesla’s Model Y “in almost every way.” The assessment comes from one of…
New York State officials are frustrated with Tesla after two years of lease renegotiations for the taxpayer-funded Buffalo factory hit another wall when Elon Musk abruptly killed the AI supercomputer project that was central to the pending deal. The state built the sprawling facility for nearly $1 billion and rents it to Tesla for just…
Tesla has dropped the down payment requirement on Model 3 Premium RWD leases to just $1,500 while maintaining the $299 monthly payment, marking the automaker’s most aggressive pricing move since the federal EV tax credit expired two months ago. The deal represents a 63% reduction in upfront costs compared to the $3,993 down payment Tesla…
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