Honda and Nissan to start talks on potential mega-merger | Automotive industry
Japanese automakers Honda and Nissan plan to begin talks over a possible merger, according to reports. The Nikkei newspaper reported on Tuesday that the two Japanese companies will begin talks to counter increasing global competition from major electric car makers. Japan's second- and third-largest automakers, with combined sales of 7.4 million vehicles in 2023, are […]
UK could loosen EV rules to allow sales of Prius-style hybrids until 2035 | Automotive industry
Carmakers could be allowed to sell Toyota Prius hybrid models in the UK until 2035, as the government considers ways to ease rules on the sale of electric cars. Earlier this week, the government launched an emergency consultation to decide what types of electric cars carmakers can sell after a new ban on petrol and […]
Could Buying Rivian Automotive Stock Today Set You Up for Life? – The Motley Fool
The EV maker's stock price has fallen to nearly 90% below its public offering price. Rivian Automotive (Riven -0.79%) The company attracted a bullish crowd with its IPO on November 9, 2021. The electric vehicle (EV) maker went public at $78 per share, and after opening at $106.75, the stock reached an all-time high of […]
Tesla’s value drops $60bn after investors fail to hail self-driving ‘Cybercab’ | Automotive industry
Tesla shares fell 8% after the announcement of its long-awaited so-called robotaxis failed to excite investors, wiping about $60 billion from the company's value. The electric car maker's stock fell to $219.40 in early trading Friday after a Hollywood event in which CEO Elon Musk unveiled his much-touted self-driving car. Musk said the company would […]