carmaker

Saudi-backed carmaker Lucid Group is on track to bolster its manufacturing capabilities thanks to a new expansion of its US Advanced Manufacturing Plant, known as AMP-1. This development will help propel the building capacity ahead of…
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German luxury automaker Daimler on Friday reported a strong profit boost in the third quarter despite a steep drop in vehicle production due to the global semiconductor shortage. The Mercedes-Benz maker said in a statement its net profit…
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Kuwait Ports Authority (KPA) has approved a proposal to build the Middle East’s first city to serve electric vehicle manufacturers, the authority said in a statement on Sunday. The statement does not make clear where the project, called…
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Shares of Tesla dropped more than 7% after hours on Friday after the S&P 500 Index Committee decided to move Etsy, Teradyne and Catalent into the S&P 500, but abstained from including Elon Musk’s…
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