Businesses including Volkswagen (VW) have scaled back their operations in Shanghai, which is being locked down due to a surge in Covid-19 infections. The German carmaker partially shuttered its factory in the Chinese city on Thursday, citing supply shortages. More … Read more →
Tesla has displaced Volkswagen as the world’s second most valuable carmaker, after a dramatic rise in share price pushed its market value to more than $100bn (£76.1bn). The milestone sets the stage for chief Elon Musk to collect billions in … Read more →