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Cars
Volkswagen to invest $5bn in Tesla electric car rival
Volkswagen announced plans to invest $5bn (£3.9bn), or up to 9% of its total revenue, in Rivian's US electric carmaker. This comes as manufacturers are rethinking their strategies due to uncertain demand.
The German automaker said that…
China accepts tariff talks on electric cars as EU tries to avoid a trade war
The EU and Beijing have concluded last-ditch negotiations over plans to increase tariffs on Chinese electric car imports amid concerns of an upcoming tit-fortat trade conflict.
The European Commission and China's trade ministers agreed…
Tesla will raise prices following EU crackdown on Chinese Electric Cars
Tesla warned that it would be forced to increase prices in European Union nations after Brussels announced new trade tariffs for electric cars imported by China.
The US company warned customers in Germany and France to order soon, or…
Hornby now offers Corgi cars in its toy collection
Hornby's annual revenue is expected to increase by 2 million pounds sterling after it adds Corgi racing cars to its model train collection and Scalextric racing car.
The Frasers Group, owned by Mike Ashley, increased its investment in…