California regulator accuses Tesla of false advertising

A California regulator has accused Tesla of misleading consumers about its driver assistance systems, and has filed complaints that could potentially prevent the automaker from selling its cars in the state, US media reported Friday.

Mercedes profits rise on higher prices

German automaker Mercedes-Benz said Wednesday that higher sales prices enabled it to lift its bottom line slightly in the first three months of the year, despite a shortage of semiconductors and fallout from the war in Ukraine. Mercedes-Benz said in a statement that it booked net profit of 3.6 billion euros ($3.8 billion) in the […]

Toyota invests $1.09 billion in Canada plants

Toyota announced Friday it would invest Can$1.4 billion ($1.09 billion) in two factories in central Canada where the Japanese manufacturer plans to build its largest hybrid hub in North America.