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Tesla among electric carmakers forced to cut prices as market stalls: EV sales have plateaued across the world but the newfound glut of vehicles may just be ...
theguardian.com/business/2024/apr/26/why-elon-musk-is-right-once-booming-electric-car-sales-are-starting-to-stall
Tesla among electric carmakers forced to cut prices as market stalls
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A brutal elimination round is reshaping the world’s biggest market for electric cars
cnn.com/2024/04/24/business/china-ev-industry-competition-analysis-intl-hnk/
A brutal elimination round is reshaping the world’s biggest market for ...
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Tuning our 2023 g87 m2 to 600whp with a stage 1 tune: Tuning our 2023 g87 m2 to 600whp with a stage 1 tune
g87.bimmerpost.com/forums/showthread.php
Tuning our 2023 g87 m2 to 600whp with a stage 1 tune
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General Motors stock is rising on strong earnings and sales: The automotive company raised its full-year predictions and reported a reduction in battery costs
qz.com/general-motors-quarterly-earnings-q1-2024-1851428724
General Motors stock is rising on strong earnings and sales
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Prepping our M2 for the Nürburgring: Prepping our M2 for the Nürburgring
g87.bimmerpost.com/forums/showthread.php
Prepping our M2 for the Nürburgring
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Electric and hybrid car sales to rise to new global record in 2024: International Energy Agency says 17m vehicles will be sold this year, up more than 20% ...
theguardian.com/environment/2024/apr/23/electric-and-hybrid-car-sales-to-rise-to-new-global-record-in-2024
Electric and hybrid car sales to rise to new global record in 2024
Quick Glance: New Global Record: Electric and Hybrid Car Sales Surge in 2024
  • Electric and plug-in hybrid car sales will reach a new global record in 2024 despite slowing growth in some markets, according to forecasts from the International Energy Agency (IEA).

  • The IEA predicted that 17 million battery electric vehicles and plug-in hybrid electric vehicles will be sold in 2024, up over 20% from 2023.

  • The IEA also mentioned that most electric cars are expected to be priced equivalently to petrol cars by 2030 as prices decrease. Tesla recently reduced prices to maintain its market share against strong competition from Chinese rivals like BYD, the world's largest battery electric car producer.
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What investors should know about the UAW's organizing drive of VW: The historic vote could have wide-ranging impacts on other automakers, organized labor and the ...
cnbc.com/2024/04/22/uaw-vw-organizing-drive-what-investors-should-know.html
What investors should know about the UAW's organizing drive of VW
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BMW M3 Competition (G80) | PH Used Buying Guide: Can depreciation convince us to all truly start loving the last combustion-only M3?
pistonheads.com/news/ph-buying-guides/bmw-m3-competition-g80--ph-used-buying-guide/48439
BMW M3 Competition (G80) | PH Used Buying Guide
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S650 Ford Mustang Owners Just Got A Classic Retro Dash Via OTA: This may be the coolest and quickest way to freshen up your interior.
carbuzz.com/ford-mustang-retro-instrument-cluster-update/
S650 Ford Mustang Owners Just Got A Classic Retro Dash Via OTA
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BMW M3 Competition (G80) | PH Used Buying Guide: Can depreciation convince us to all truly start loving the last combustion-only M3?
pistonheads.com/news/ph-buying-guides/bmw-m3-competition-g80--ph-used-buying-guide/48439
BMW M3 Competition (G80) | PH Used Buying Guide
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18x G87 M2 - car meeting: 18x G87 M2 - car meeting
g87.bimmerpost.com/forums/showthread.php
18x G87 M2 - car meeting
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Pros And Cons Of Solid-State Batteries: Are Solid-State Batteries The Savior of The EV?
carbuzz.com/solid-state-batteries-pros-cons/
Pros And Cons Of Solid-State Batteries: Are Solid-State Batteries The ...
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Rheinmetall: Cologne tests loading curbs in practice - Golem.de: Rheinmetall and the city of Cologne have given the starting signal for a charging infrastructure ...
golem.de/news/rheinmetall-koeln-testet-ladebordsteine-in-der-praxis-2404-184571.html
Rheinmetall: Cologne tests loading curbs in practice - Golem.de
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Formula 1 | Decision made? Sauber apparently throws Bottas and Zhou out: The Formula 1 driver market is slowly gaining momentum. The rumor mill is getting hotter ...
sport.de/news/ne6598805/formel-1--entscheidung-gefallen-sauber-schmeisst-offenbar-bottas-und-zhou-raus/
Formula 1 | Decision made? Sauber apparently throws Bottas and Zhou out
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Formula 1 hammer fixed! Nico Hülkenberg moves to Sauber/Audi - Contract term surprised
sport.de/news/ne6600872/formel-1-hammer-fix-nico-huelkenberg-wechselt-zu-sauber-audi---vertrags-laufzeit-ueberrascht/
Formula 1 hammer fixed! Nico Hülkenberg moves to Sauber/Audi - Contract ...
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Honda to set up $11 bln electric vehicle, battery plants in Canada: Honda Motor plans to invest C$15 billion ($11 billion) in new EV and battery production ...
reuters.com/business/autos-transportation/honda-set-up-11-bln-ev-production-base-canada-2024-04-25/
Honda to set up $11 bln electric vehicle, battery plants in Canada
Quick Glance: Honda to Establish $11 Bln EV, Battery Plants in Canada
  • Honda plans to invest C$15 billion in new EV and battery production plants in Ontario alongside existing facilities to support the growth of North American demand for EVs.

  • Production is set to start by 2028, with an annual capacity of up to 240,000 EVs and 36 gigawatt-hours for batteries to achieve the goal of having all North American sales from Honda be either EVs or fuel cell vehicles by 2040.

  • The Canadian government and Ontario province intend to support Honda with around C$5 billion, with Honda contributing 60%-70% of the total investment to reduce costs by more than 20%.

  • Honda will also collaborate with companies like Asahi Kasei and POSCO to further lower production costs and strengthen the EV supply chain in Canada, leading to an increase in jobs and economic growth.
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Andretti Cadillac to hire 60 UK staff as F1 push continues: Andretti Cadillac has posted job openings for 60 roles at its prospective Formula 1 team as it ...
motorsport.com/f1/news/andretti-cadillac-to-hire-60-uk-staff-as-f1-push-continues/10603447/
Andretti Cadillac to hire 60 UK staff as F1 push continues
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How Volvo landed a cheap Chinese EV on U.S. shores in a trade war : A made-in-China electric vehicle will hit U.S. dealers this summer offering power and ...
nbcnews.com/business/autos/volvo-landed-cheap-chinese-ev-us-shores-trade-war-rcna149349
How Volvo landed a cheap Chinese EV on U.S. shores in a trade war
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Harley-Davidson profit falls 23% on slowing sales, shares tumble: Harley-Davidson on Thursday reported a 23% decline in first-quarter profit ...
reuters.com/business/autos-transportation/harley-davidson-quarterly-profit-falls-slow-demand-2024-04-25/
Harley-Davidson profit falls 23% on slowing sales, shares tumble
Quick Glance: Harley-Davidson Boosts Profit with New Models
  • Harley-Davidson reported a better-than-expected first-quarter profit, driven by sales of new Touring motorcycles in North America.

  • The company benefited from increased demand for the newly launched 2024 Touring models, while facing declining sales in Europe and Asia.

  • Adjusted earnings per share for the first quarter were $1.72, exceeding the average analyst expectation of $1.51 per share.

  • Revenue from motorcycles and related products decreased by about 5% to $1.48 billion in the quarter, but still surpassed estimates of $1.34 billion.
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Elon Musk is once again richer than Mark Zuckerberg as fortunes reverse: Meta founder, earlier this month, overtook the Tesla CEO for the first time since 2020
gulfnews.com/business/markets/elon-musk-is-once-again-richer-than-mark-zuckerberg-as-fortunes-reverse-1.1714121867132
Elon Musk is once again richer than Mark Zuckerberg as fortunes reverse
Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
  • Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.

  • Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.

  • Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.

  • Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
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Boeing and NASA decide to move forward with historic crewed launch of new spacecraft
cnn.com/2024/04/25/world/boeing-starliner-launch-spacex-delays-scn/
Boeing and NASA decide to move forward with historic crewed launch of new ...
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Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well
chicagotribune.com/2024/04/25/southwest-hiring-american/
Southwest will limit hiring and drop 4 airports after loss ...
Quick Glance: Is Southwest Ending Free Seating?
  • Southwest Airlines is seriously considering seating allocation and passenger boarding to enhance its financial performance.

  • Unlike most other airlines, Southwest does not have a premium section with higher fares.

  • The airline is closely examining customer preferences regarding seating and boarding processes.

  • Experts believe that Southwest could potentially earn a significant amount of money by introducing assigned seating.
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New Toyota Land Cruiser launched in UK : Prices start from £75k for the first all-new bulletproof seven-seater since 2009
pistonheads.com/news/ph-japanesecars/new-toyota-land-cruiser-launched-in-uk/48459
New Toyota Land Cruiser launched in UK 
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Mercedes’ electric G-Wagon is more capable than the gas version: With four motors, deeper fording, and more power, you can forget about the gas version.
arstechnica.com/cars/2024/04/mercedess-electric-g-wagon-is-more-capable-than-the-gas-version/
Mercedes’ electric G-Wagon is more capable than the gas version
Quick Glance: Electric 2025 Mercedes G-Class Blends New and Old Tech
  • The Mercedes G-Class, an iconic off-roader, undergoes a radical electric transformation.

  • The G580 with EQ Technology maintains the iconic design but features an electric powertrain.

  • The electric G-Class utilizes a 116-kWh battery, delivering 579 HP and 859 lb-ft of torque.

  • Enhancements like G-Turn and G-Steering improve the off-road capabilities of the electric vehicle.
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New Car Interiors Would Look Like 'an Old 747' Without Screens, Maserati Design Boss Says
thedrive.com/news/new-car-interiors-would-look-like-an-old-747-without-touchscreens-maserati-design-boss-says
New Car Interiors Would Look Like 'an Old 747' Without Screens ...
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Jefferies' CEO sold millions in stock to buy himself a yacht: Rich Handler said the purchase was gift for himself and his family
qz.com/jefferies-ceo-rich-handler-stock-sale-yacht-purchase-1851435140
Jefferies' CEO sold millions in stock to buy himself a yacht
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Chinese EV start-ups Nio and Xpeng turn to the mass market for growth: Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the ...
cnbc.com/2024/04/26/chinese-ev-start-ups-nio-and-xpeng-turn-to-the-mass-market-for-growth.html
Chinese EV start-ups Nio and Xpeng turn to the mass market for growth
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Mercedes-Benz says it will continue to invest in Chinese tie-ups: Mercedes-Benz executives said on Thursday the company would continue to invest in tie-ups with ...
timeslive.co.za/motoring/news/2024-04-26-mercedes-benz-says-it-will-continue-to-invest-in-chinese-tie-ups/
Mercedes-Benz says it will continue to invest in Chinese tie-ups
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xAI, Elon Musk’s OpenAI rival, is closing on $6B in funding and X, his social network, is already one of its shareholders
techcrunch.com/2024/04/25/xai-elon-musks-openai-rival-is-closing-on-6b-in-funding-and-x-his-social-network-is-already-one-of-its-shareholders/
xAI, Elon Musk’s OpenAI rival, is closing on $6B in funding and X ...
Quick Glance: Sequoia backs Elon Musk’s xAI venture
  • Sequoia Capital, a well-known venture capital firm in Silicon Valley, has committed to supporting Elon Musk's artificial intelligence start-up xAI to help him raise billions and compete with OpenAI, Meta, and Google.

  • The exact amount of Sequoia's investment in xAI remains undisclosed.

  • Sequoia, an early investor in Google, YouTube, and Apple, has backed several Musk projects in recent years, including The Boring Company and SpaceX.
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India 'confident' new EV policy measures will allow more foreign players to enter market
cnbc.com/2024/04/26/india-says-new-ev-policy-will-open-up-market-to-global-players-.html
India 'confident' new EV policy measures will allow more foreign players ...
Quick Glance: Tesla's Impact on India's EV Market
  • MG Motor India's CEO Emeritus Rajeev Chaba stated that Tesla's entry into India's EV market will level the playing field for all E-automakers.

  • According to Bain & Company, EVs constitute around 5% of India's automobile sector.

  • India's government aims to achieve 30% EV sales by 2030, a goal viewed as ambitious.
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Opel boss: Electric car market holds its own even without subsidies - AUTO BILD: The end of e-car funding has led to uncertainty. Opel is also noticing ...
autobild.de/artikel/opel-chef-e-autos-auch-ohne-staatliche-zuschuesse-meldung-25846671.html
Opel boss: Electric car market holds its own even without subsidies - AUTO ...
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BYD unveils third ultra-luxury model under Yangwang brand: Chinese electric vehicle maker BYD unveiled the U7, its third ultra-luxury model under the Yangwang ...
reuters.com/business/autos-transportation/byd-unveils-third-ultra-luxury-model-under-yangwang-brand-2024-04-25/
BYD unveils third ultra-luxury model under Yangwang brand
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Car parts maker Valeo posts lower first-quarter sales on weak EV demand: French car parts maker Valeo posted slightly lower first-quarter sales on Thursday ...
reuters.com/business/autos-transportation/car-parts-maker-valeo-posts-slightly-lower-q1-sales-2024-04-25/
Car parts maker Valeo posts lower first-quarter sales on weak EV demand
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Airbus CFO says A350 plane production increase not tied to Boeing troubles: Airbus is ramping up production of its A350 aircraft because of consumer demand and ...
cnbc.com/2024/04/26/airbus-cfo-says-a350-plane-production-increase-not-tied-to-boeing-troubles.html
Airbus CFO says A350 plane production increase not tied to Boeing troubles
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Tesla profits drop 55% as Elon Musk dodges cheap car questions: Tesla spent $1 billion on GPUs even as its profit margins shrank by half.
arstechnica.com/cars/2024/04/tesla-profits-drop-55-as-elon-musk-dodges-cheap-car-questions/
Tesla profits drop 55% as Elon Musk dodges cheap car questions
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Former Tesla SVP Drew Baglino is selling $181.5 million worth of stock, SEC filing says
cnbc.com/2024/04/25/former-tesla-svp-drew-baglino-is-selling-181point5-million-worth-of-stock.html
Former Tesla SVP Drew Baglino is selling $181.5 million worth of stock ...
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Job fears in the automotive industry: electromobility forces job cuts: The automotive industry is one of the largest employers in Germany. But electromobility is ...
faz.net/aktuell/wirtschaft/unternehmen/job-angst-in-der-autoindustrie-elektromobilitaet-erzwingt-stellenabbau-19676214.html
Job fears in the automotive industry: electromobility forces job cuts
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ADAC: Electric cars continue to be discounted - AUTO BILD: Since the end of 2023, government funding for electric cars has been a thing of the past ...
autobild.de/artikel/adac-e-autos-weiterhin-verguenstigt-25854759.html
ADAC: Electric cars continue to be discounted - AUTO BILD
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Tesla Is Not the Next Ford. It’s the Next Con Ed.: Elon Musk’s EV empire is crumbling.
theatlantic.com/technology/archive/2024/04/tesla-cars-batteries-power-company/678168/
Tesla Is Not the Next Ford. It’s the Next Con Ed.
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The Last-Mile EV Delivery Truck Dream Is Hitting a Snag: UPS and FedEx are struggling to reach their goals as the cost of EVs goes up due to shortages ...
thedrive.com/news/the-last-mile-ev-delivery-truck-dream-is-hitting-a-snag
The Last-Mile EV Delivery Truck Dream Is Hitting a Snag
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China Car Show Latest: Cutthroat Market, Expansion Plans: Slowing demand for electric vehicles, heightened trade tensions and questions about whether Western ...
bloomberg.com/news/articles/2024-04-25/china-car-show-latest-flashy-models-rolled-out-to-win-customers
China Car Show Latest: Cutthroat Market, Expansion Plans