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...

In August, Tesla sold 76,965 Chinese-made cars, more than doubling its monthly sales as it accelerated deliveries after increasing output at its Shanghai plant.   According to the China Passenger Car Association (CPCA), the American automaker exported 42,463 Model 3 and Model Y vehicles from...

Apple Inc. refuted accusations that it sells consumers a defective product on Tuesday by announcing it would appeal a Brazilian ruling prohibiting it from selling iPhones without a battery charger.   Apple was fined 12.275 million reais ($2.38 million) by the Justice Ministry, and the...

Despite a chain of controversies, leadership changes, and changes in global strategies, Credit Suisse is still pinning its hopes on China and now intends to launch a new wealth business in the market next year, according to a report by Reuters quoting information from a senior Asia...

Negotiations between CVS Health Corp and home-healthcare company Signify Health Inc for an acquisition of the latter is in its advanced stages for completion of a deal worth $8 billion, said reports quoting people familiar with the situation.   CVS is close to completing the transaction,...

Meta Platforms Inc announced an agreement with Qualcomm Inc to produce custom chipsets for its Quest virtual reality devices on Friday at a consumer electronics conference in Berlin.   According to a statement, the companies' engineering and product teams will collaborate to produce the...

Toyota announced on Wednesday that it will invest an additional $2.5 billion in a U.S. facility that will produce batteries for both hybrid electric and battery electric vehicles.   Toyota Battery Manufacturing North Carolina is set to begin operations in 2025, with the company announcing a...