"Tesla Responds to Sluggish EV Demand with Strategic Price Cuts
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Tesla Sells Just One Vehicle in South Korea in January Amid Challenges
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Tesla Shares Plummet Amid Corporate Fleet Challenges and Market Pressures
"Tesla's stock price has been under significant pressure recently, experiencing a sharp decline of approximately 7% during trading hours, contributing to a cumulative drop of 30% since the beginning of the year. -
Tesla Initiates Recall to Update 2.2 Million Vehicles After Font Size Flaw Detected
"Tesla Inc. is initiating a recall for 2.2 million vehicles across the United States due to an issue identified with the font size of the warning lights on the vehicle's display, which federal safety regulators have deemed too small to ensure safe driving.
The Latest
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China Eases Rare Earth Export Curbs for U.S. and EU Auto Giants Amid Global Supply Panic
China has begun easing restrictions on rare earth exports for major U.S. and European automakers, offering limited relief to an industry facing mounting production threats from a critical materials bottleneck. The move comes after emergency trade talks in Paris between Chinese Commerce Minister Wang Wentao and EU Trade Commissioner Maros Sefcovic, and as a delegation of U.S. officials prepares for follow-up negotiations in London. 
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Toyota to Take Toyota Industries Private in $33 Billion Deal, Triggering Shareholder Backlash
Toyota Motor will take its key affiliate Toyota Industries private in a $33 billion deal, a landmark transaction that unwinds decades of cross-shareholding and strengthens the founding Toyoda family's grip on Japan's most powerful corporate group. The buyout, announced Tuesday, includes a tender offer of ¥16,300 per share, representing an 11% discount to Toyota Industries' closing price before the deal was made public. 
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Ford Recalls 1.1 Million Vehicles Over Camera Glitch; F-150, Bronco, Edge Among Models Affected
Ford Motor Co. is recalling 1,075,299 vehicles in the U.S. due to a software defect that may cause rearview camera images to freeze, delay, or fail to display, increasing the risk of crashes. The recall affects more than a dozen models spanning the 2021 to 2025 model years, including bestsellers like the F-150, Bronco, and Edge. 
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Xiaomi Posts $15.5 Billion Q1 Revenue, Delivers 75,869 EVs Amid AI and SUV Push
Xiaomi reported record first-quarter revenue and profit on Tuesday, driven by growth in its smartphone segment and expanding electric vehicle (EV) business, even as it prepares to launch its second electric model, the YU7 SUV, in July. 
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Tesla’s Europe Sales Fall 49% in April Amid Musk Backlash and Chinese EV Competition
Tesla's vehicle sales in Europe plunged 49% year-over-year in April, underscoring the mounting challenges the electric automaker faces as it grapples with intensifying competition, factory disruptions, and a deepening backlash over CEO Elon Musk's political entanglements. 
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German Court Convicts Four Former Volkswagen Executives in Dieselgate Fraud Trial
A regional court in Braunschweig, Germany, has convicted four former Volkswagen executives of fraud in connection with the "Dieselgate" emissions scandal, nearly a decade after U.S. authorities first uncovered the automaker's use of illegal defeat devices to cheat emissions tests. Two of the former managers received prison sentences while the others were handed suspended terms, concluding a major trial that began in 2021. 
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BYD Shares Drop 8.6% as Price Cuts Spark Fears of Escalating EV Price War in China
Shares of Chinese automakers plummeted Monday following aggressive price cuts by BYD and renewed warnings from industry leaders over the long-term sustainability of China's electric vehicle (EV) sector. BYD's Hong Kong-listed shares fell 8.6%, extending losses from their recent record high, after the company announced a new round of price reductions and trade-in subsidies on more than 20 electric and plug-in hybrid models. 
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Volvo Cars to Cut 3,000 Jobs Amid Cost-Cutting Push and Global Trade Pressures
Volvo Cars announced Monday it will eliminate approximately 3,000 jobs worldwide as part of a sweeping cost-cutting plan, citing rising raw material costs, trade tensions, and weakening auto markets in Europe. The cuts represent a significant restructuring effort for the Swedish automaker, which is owned by China's Geely Holding Group. 
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BYD Overtakes Tesla in European EV Sales for First Time as Musk Faces Political Backlash
Chinese automaker BYD surpassed Tesla in battery-electric vehicle (BEV) sales in Europe for the first time in April, marking a significant milestone in the ongoing competition between the world's top electric vehicle manufacturers. According to data from market research firm JATO Dynamics, BYD registered 7,231 BEVs in Europe last month, narrowly outpacing Tesla's 7,165. 
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Xiaomi to Launch YU7 SUV in Major Push Against Tesla
Xiaomi will officially unveil its first electric SUV, the YU7, on May 22, joining a growing list of Chinese automakers vying to compete with Tesla in the world's largest auto market. The launch event, marking the company's 15th anniversary, will also feature several major product announcements, including the debut of Xiaomi's self-developed mobile chip, the Xring O1, alongside the new Xiaomi 15S Pro smartphone and Xiaomi 7 Ultra tablet. 
