Ford Motor Company issued a warning to investors that it expects third-quarter costs to increase by $1 billion as a result of supply chain problems and inflation.   About 40,000 to 45,000 vehicles, mostly high-margin trucks and SUVs that haven't been able to reach dealers, are affected by...

According to Uber Technologies Inc., a hacker associated with the Lapsus$ hacking group was behind the cyberattack that temporarily forced the ride-hailing company to halt several internal communications last week.   According to Uber, the attacker did not gain access to any user accounts or...

Loop Energy, a manufacturer of hydrogen fuel cells, claimed on Sunday that, at the current price point, its most recent cell system can provide better fuel efficiency than a diesel engine.   According to the Burnaby, British Columbia-based company, a truck could travel just over 111 miles...

In what will be the second-largest initial public offering (IPO) in Germany's history, Volkswagen said on Sunday that it aims to value Porsche at up to 75 billion euros ($75.1 billion).   According to the automaker, Volkswagen will value its preferred shares at between 70 and 75 billion...

FedEx Corp withdrew its financial forecast issued just three months ago on Thursday, citing a global demand slowdown that accelerated at the end of August and was expected to worsen in the November quarter.   Shares of the global delivery company fell more than 16 per cent after it reported...

Tesla is rethinking how it sells electric vehicles in China, its second-largest market, and is considering closing some showrooms in flashy malls in cities like Beijing, where traffic was reduced due to COVID restrictions, according to two people familiar with the plans.   The shift would...

The 390,000 euro ($397,000) 12-cylinder Purosangue, aimed at super-rich drivers who aren't ready to go all-electric, was unveiled by Ferrari on Tuesday.   Despite being late to the SUV market, the Italian brand known for its prancing horse logo is confident that the luxury sports car-style...

Cruise, the autonomous driving division of General Motors, has developed its own chips for self-driving cars that will be deployed by 2025 in order to reduce costs and scale up volume, according to executives of the company.   Cruise is following in Tesla's footsteps by switching from Nvidia...

Jim Farley, the chief executive of Ford Motor Co, will travel to Las Vegas the following week to gamble on a plan to persuade dealers to slash the price of delivering an electric vehicle to a customer by as much as $2,000.   The discussion of new contracts that would regulate how dealers...

Elon Musk contended that Twitter Inc's decision to pay millions of dollars to a whistleblower it had fired gives the world's richest person another justification for terminating his $44 billion agreement to buy the social media company.   In a Friday letter to Twitter, lawyers for Musk said...

During its largest product release of the year, Apple Inc. avoided raising the prices of its most popular iPhone models by focusing on safety enhancements rather than glitzy new technical features, with the exception of a new watch designed with adventure in mind.   In order to make its...