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Mercedes 2022 earnings boosted by higher revenue

Sales of top-end cars including the S-Class and EQS all-electric sedan saw particularly strong growth in 2022 and helped the carmaker overcome rising costs. Global sales of Mercedes-Benz Cars were 2.05 million last year, including 149,227…

Chip shortage is easing unevenly for automakers

Even as the global microchip shortage slowly improves, some automakers are still feeling pinched more acutely than others, new data shows.Honda told shareholders this month the semiconductor shortage is bottoming out — but that it has…

Tesla to idle Shanghai factory for Model 3 upgrade

Tesla Inc. will halt some production at its Shanghai factory until the end of February, as it upgrades the facility to start rolling out a revamped version of the Model 3 sedan in the competitive Chinese market. The plant has two sections…

Ford Europe job cuts announced by automaker

BERLIN -- Ford plans to cut 3,800 product development and administration jobs in Europe in the next three years, the company said, citing rising costs and the need for a leaner structure as it pivots production to electric vehicles. The…