Car news this week: Top stories 22-28 May 2022

Want to stay up to date in the world of automotive news? These are the biggest stories from the past week.

Each week we’ll keep you up to speed and bring you the ‘watercooler’ information of what has happened in the world of cars and motoring with the five-biggest stories we’ve covered. Here’s what you need to know…

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Tesla stock takes significant hit

Electric vehicle giant Tesla has suffered an important drop of $US558.19 billion ($AU790 billion) since November last year. The dive comes as the company’s CEO, Elon Musk, made a deal to acquire Twitter. Read the full details in our article.

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Mercedes-Benz plans to axe cheaper models

Mercedes-Benz has revealed plans to drop three of its seven most affordable compact models. As part of a new business strategy, the German automaker will also be focusing on higher-end cars – all in a bid to boost profits. Check out all the details here.

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BMW posts disappointing sales figures

German manufacturer BMW has reported dismal sales results in April, with stock shortages continuing to delay deliveries. The decline of 22.8 per cent sees the automaker fall behind its luxury rivals Mercedes-Benz and Audi. Read the details here.

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Ford Australia unwilling to stop excessive dealer delivery fees 

Ford Australia has issued a statement in response to its showroom networks charging extreme dealer delivery fees on in-demand vehicles.

As stock shortages continue as a result of production delays, dealers have been adding excessive delivery fees to the purchases of popular vehicles in an effort to boost profits. See the brand’s response in our story here.

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Toyota announces another round of production cuts

Japanese car giant Toyota is undergoing another round of production cuts at its Japanese factories. Due to ongoing part shortages, the manufacturer has already encountered more than 15 rounds of production pauses since the start of 2022. Check out our article to read all about it.

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These are the most read stories of the week. You can read all the car news covered by Drive on our news feed here.

The post Car news this week: Top stories 22-28 May 2022 appeared first on Drive.