Cars

The legacy automaker has vastly increased its investment in electric vehicles in a bid for new growth.

Mercedes’ quadrupling of its stake in the luxury brand comes as part of a new technical partnership between the companies.

The electric carmaker has acquired a second German automotive company, less than a year before the opening of its planned German Gigafactory.

Musk’s comments online indicated that Tesla will expand into India “next year for sure”.

Shares in the renowned engine maker fell to a 17-year low following its announcement of a rights issue.

Though it will remain closely monitored, the multinational taxi giant will be allowed to continue operations in one of its largest markets.

The Lamborghini chief executive and former Ferrari F1 team principal will take over from Chase Carey at the end of the year.

The electric-truck maker’s shares nose-dived on Monday as its founder resigned amid public scandal.

The VW CEO poured cold water on speculation of a partnership after meeting with Elon Musk in Germany.

The new partnership signifies a move away from Honda’s previous stance of fierce independence.