German luxury automaker Porsche AG has commenced negotiations to terminate the contracts of Chief Financial Officer (CFO) Lutz Meschke and Sales Director Detlev von Platen ahead of schedule, according to a statement released by the company’s supervisory board on Saturday. This strategic move aims to address weakening financial performance and a significant downturn in Chinese …

On January 24, Tesla officially unveiled the redesigned Model Y in select Shanghai stores. According to sources at Tesla’s store in Shanghai, the first batch of the new Model Y vehicles will begin delivery between late March and early April. The same day, Tesla’s U.S. website announced the launch of the new Model Y, about …