In 2021, electric cars accounted for nearly two-thirds of new car sales in Norway, with Tesla being the best-selling brand overall, as the country strives to be the first to phase out gasoline and diesel vehicles.   While Norway has the highest proportion of electric vehicles in the world,...

BMW has surpassed Mercedes in annual sales of premium cars for the first time since 2015, the Munich-based carmaker's head of sales Pieter Nota told on LinkedIn. BMW has not yet provided detailed sales figures for the year, they will be released on 12 January, the company spokesman clarified. But...

Following unsatisfactory talks with the Tata Group, the industries minister of India's Tamil Nadu state stated on Thursday that foreign automakers had expressed interest in buying Ford Motor Co's plant there.   Ford India said in September that it would cease its...

The National Highway Traffic Safety Administration (NHTSA), the road safety regulator of the United States, has announced that Tesla Inc is recalling over 475,000 of its Model 3 and Model S electric cars due to rearview camera and trunk faults that enhance the risk of an accident.   The...

After a record year of Initial Public Offerings (IPOs), India's market regulator stiffened regulations for firms going public earlier this week, in a potential stalling of some of the planned new issues as the regulator strives to protect the interests of regular investors of the country as well as...

Didi Global, the Chinese ride-hailing company, announced a 1.7 per cent drop in the revenues generated by it in the third quarter on Wednesday as it pinned the blame for its lackluster performance on a crackdown by the Chinese regulators on its domestic business.   Daniel Zhang, the CEO of...

South Korea's Samsung Group could make its biggest overseas acquisition in its history - buying US neurological disorder drug maker Biogen. The Korea Economic Daily (KED) was the first to report on the deal, citing sources in the country's investment banks. According to the newspaper, the Korean...

According to Bloomberg, Thai Jasmine Technology Solutions' stock surged 7,000 percent in 2021, the greatest performance among technology businesses with a market capitalization of more than $2 billion. Jasmine Technology's stock more than tripled after the business revealed in July that it will...

More than three years since the Lion Air accident, which resulted in the deaths of all 189 people on board, Indonesia has removed its ban on the Boeing 737 Max, which was involved in the crash.   After a catastrophic incident involving an Ethiopian Airlines 737 Max in March 2019, the...