Business

Chinese EV maker Zeekr has begun selling its first model for Australia, a compact SUV that will be followed by a giant people mover in 2024. Both cars will launch in New Zealand later this year as the Geely-owned premium brand seeks to make Oceania a key overseas market. Designed...

Volkswagen (VW), the German auto giant, is facing a rough ride in China, the world's largest car market. The company's struggles highlight the growing dominance of domestic Chinese electric vehicle (EV) makers. With its China sales slumping, VW is placing a big bet on the US market, aiming to...

Fast fashion giant Shein has taken a significant step towards going public, confidentially filing paperwork with the UK's markets regulator in early June for a potential listing on the London Stock Exchange. This move could result in one of the most extensive initial public offerings (IPOs) of 2024. Shein, a...

The National Highway Traffic Safety Administration (NHTSA), the U.S. auto safety regulator, has closed its preliminary investigation into seat belt problems affecting certain Tesla Model X vehicles. This comes after Tesla initiated a recall and implemented service procedure updates to address the identified issues. The probe, initiated in March 2023,...