US business equipment borrowings up more than 8% y/y in November, ELFA says

U.S. companies increased equipment financing by 8.7% in November, with borrowing reaching $10.36 billion and credit approvals at 74%, indicating strong lending and confidence.

Europe's carmakers discount EVs, hike petrol car prices as new emissions rules loom

European automakers are raising petrol car prices and offering EV discounts due to new EU emissions regulations, which require a significant increase in electric vehicle sales to avoid hefty fines.

Volvo Cars reports 5% rise in November sales

Volvo Cars reported a 5% increase in November sales year-on-year, with strong growth in Europe and U.S., while electric models accounted for 48% of total sales.

Trump's tariffs could cost carmakers up to 17% of combined core profits, S&P says

Nebraska files antitrust lawsuit against heavy-duty truck makers over EV push

Nebraska's Attorney General filed an antitrust lawsuit against major truck manufacturers for allegedly limiting diesel truck availability to shift towards electric vehicles, claiming conspiracy to raise prices and costs.

Exclusive-Zeekr to take control of Lynk in major Geely shake-up, sources say

Zeekr will acquire Lynk & Co in a restructuring move by Geely, aiming to streamline operations and enhance collaboration in electric vehicle innovation.

Bentley to launch SUV EV in 2026, extend sales of plug-in hybrids to 2035

Bentley to launch its first electric car in 2026, shifting to fully electric by 2035, while continuing hybrid sales. Sales dipped 11% in 2023.

Volvo shares climb as October sales rise 10%, driven by strong EV demand

Volvo Cars reported a 10% rise in global sales in October 2023, driven by electrified models, with notable increases in Europe and the U.S., despite flat sales in China.

Volvo Cars October sales rise 3% year-on-year

Volvo Cars' October sales increased by 3%, boosted by electric and hybrid models, with Europe seeing a 21% rise, while U.S. and China sales fell.

Volvo Cars seeks to oust Northvolt from EV battery venture

Volvo Cars will acquire Northvolt's shares in their battery joint venture NOVO Energy after Northvolt ceased funding, impacting the project's future amid broader funding challenges.