Business

Mercedes F1 team dump crypto partner

The Mercedes team on Friday confirmed they had suspended a sponsorship deal with crisis-hit crypto currency exchange FTX and had removed the company's logos from their cars ahead of this weekend's Sao Paulo Grand Prix.

Automotive

EU threatens US over electric car subsidies

The European Union threatened Monday to take retaliatory measures against the United States for electric car subsidies that favor domestic manufacturers.

Business

Germany's Siemens sees profit up 20%, raises dividend

Germany Siemens AG, global maker of big-ticket machines and industrial equipment and software, saw net profit rise 20% to 1.8 billion euros in the last three months of 2021 as the rebounding global economy increased orders ...

Automotive

The electric vehicle invasion is already here

Until recently, car companies not named Tesla had a general stance on electric vehicles: We'll start making them en masse, when people start buying them en masse.

Automotive

Tesla's market value tops $1T after Hertz orders 100K cars

Hertz announced Monday that it will buy 100,000 electric vehicles from Tesla, one of the largest purchases of battery-powered cars in history and the latest evidence of the nation's increasing commitment to EV technology.

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