Porsche may stop selling electric cars in China in the coming years due to strong competition from local manufacturers, such as Xiaomi, which offer cheaper and more powerful models.
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Billionaire Criticizes Tesla After Model X Failure on the Day the Warranty Expired
A 72-year-old billionaire, John Caudwell, sharply criticized Tesla after his Model X, worth around $109,600, suffered a catastrophic failure on the day the four-year warranty expired.
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Volkswagen Announces Unprecedented Factory Closures in Germany as Part of Billion-Dollar Cost-Cutting
Volkswagen plans to close up to three factories in Germany for the first time in its history, as part of a restructuring aimed at cutting more than $4.3 billion in costs.
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