German sports car manufacturer Porsche has announced that it will axe 1,900 jobs after sales slumped in China and amid a tricky shift to electric vehicles.

Tesla launched a new version of its best-selling Model Y in China on Friday, featuring a redesigned exterior and enhanced interior features.

Honda Motor Co. and Nissan Motor Co. have officially begun merger talks, marking a significant move to create a powerful alliance capable of facing intensified competition, particularly from China, in the global automotive market.

Toyota has kept its annual net profit forecast unchanged, despite a 26 percent decline in earnings for the first half of the financial year.

General Motors has once again exceeded Wall Street's expectations, reporting third-quarter results that outshine analyst projections thanks to steady sales of gasoline-engine trucks and SUVs, along with a strategy focused on maintaining lean inventories.