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Tesla profits tumble on higher costs, tariff drag
Tesla profits tumble on higher costs, tariff drag
by  AFP

Tesla reported a hefty drop in profits Wednesday, citing a drag from tariffs and other expenses that more than offset a lift from increased auto sales. Besides tariffs, the company's earnings press release cited higher restructuring expenses and lower revenues from regulatory credits as factors in the profits, which lagged behind analyst expectations.

Car giant VW warns of production hit from Nexperia chips row
Car giant VW warns of production hit from Nexperia chips row
by  AFP

Germany's Volkswagen warned Wednesday that its car production could be hit by a shortage of Nexperia semiconductors amid a deepening row between China and the Netherlands over the chipmaker. Volkswagen, Europe's biggest carmaker, confirmed some Nexperia components are used it its vehicles but said production was "currently unaffected".

GM unveils plans for 'eyes-off' vehicle in 2028
GM unveils plans for 'eyes-off' vehicle in 2028
by  AFP

General Motors announced plans Wednesday to incorporate Google's Gemini artificial intelligence platform into vehicles and to launch a vehicle capable of "eyes-off" driving in 2028.

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