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VinFast ships first EVs to the U.S.

The Inflation Reduction Act, as currently written, requires automakers to have 50 percent of critical minerals used in EV batteries come from North America or U.S. allies by 2024, rising to 80 percent by the end of 2026. Major automakers…

Continental names new CEO of North American unit

German auto supplier Continental AG has promoted Aruna Anand to CEO of the company's automotive group sector in North America as it aims to adapt to a changing industry. Anand, 49, takes over for Robert Lee, who left the company in May to…

VW, Mercedes EV ambitions hit speed bump

After years of failed attempts to displace Tesla and with Chinese upstarts prepping their own moves, German carmakers have switched gears to win the EV race, moving away from making incremental changes to their combustion-engine cars that…