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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
UK car output falls in March as EV-transition gears up, says industry body: Britain's car production fell 27.1% year-on-year in March as manufacturers wound down ...
reuters.com/business/autos-transportation/uk-car-output-falls-march-ev-transition-gears-up-says-industry-body-2024-04-24/
China's largest auto show showcases all-electric future, local brands dominate: China's largest auto show opened in Beijing on Thursday with the biggest names ...
reuters.com/business/autos-transportation/chinas-largest-auto-show-showcases-all-electric-future-local-brands-dominate-2024-04-25/
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/
Charity Ben launches on-site health checks for dealer staff: Dealers can now get physical and mental health checks for their employees in a new service launched ...
motortrader.com/motor-trader-news/automotive-news/charity-ben-launches-site-health-checks-dealer-staff-24-04-2024
Linux is now an option for safety-minded software-defined vehicle developers: Increasingly, our cars will be controlled by a small number of powerful computers.
arstechnica.com/cars/2024/04/linux-is-now-an-option-for-safety-minded-software-defined-vehicle-developers/
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
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
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Prepping our M2 for the Nürburgring: Prepping our M2 for the Nürburgring
g87.bimmerpost.com/forums/showthread.php
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
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.
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
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
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/
Shipping industry urges UN to protect vessels after Iran seizure: Merchant ships and seafarers are increasingly in peril at sea as attacks escalate in the Middle ...
reuters.com/business/autos-transportation/shipping-industry-urges-un-protect-vessels-after-iran-seizure-2024-04-19/
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
Behind the wheel: exploring the significance of cast aluminum alloy wheels in modern vehicles
financialexpress.com/business/express-mobility-behind-the-wheel-exploring-the-significance-of-cast-aluminum-alloy-wheels-in-modern-vehicles-3460554/
Pros And Cons Of Solid-State Batteries: Are Solid-State Batteries The Savior of The EV?
carbuzz.com/solid-state-batteries-pros-cons/
Tesla Autopilot investigation closed after feds find 13 fatal crashes related to misuse
techcrunch.com/2024/04/26/tesla-nhtsa-autopilot-investigation-closed-fatal-crashes/
Quick Glance: Investigation of Tesla's Autopilot Recall Effectiveness
- The National Highway Traffic Safety Administration is investigating Tesla's Autopilot recall after 20 more crashes occurred post-recall.
- The recall involved over 2 million vehicles and utilized an online software update to enhance driver warnings.
- Concerns were raised regarding the recall's efficacy as crashes persisted after the fix.
- The investigation aims to determine why post-recall issues were not addressed and whether they pose a safety risk.
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
Porsche Profit Slumps 30% on Model Renewals, China Downturn: Porsche AG’s profit plummeted during the first quarter for the weakest result since listing in ...
bloomberg.com/news/articles/2024-04-26/porsche-profit-slumps-30-on-model-renewals-china-downturn
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 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/
Tesla's plan for affordable cars takes page from Detroit rivals: Elon Musk's new plan to use current product lines as the basis for new affordable vehicles — ...
reut.rs/3w6qYzd
Renault talks to China's Li Auto and Xiaomi on tech collaboration: Renault held talks this week with China's Li Auto and Xiaomi on electric and intelligent ...
reuters.com/business/autos-transportation/renault-talks-chinas-li-auto-xiaomi-tech-collaboration-2024-04-26/
Stock market: Alphabet and Microsoft share prices rise: The American tech giants Alphabet and Microsoft are growing rapidly and are invoking the potential of ...
faz.net/aktuell/wirtschaft/unternehmen/boerse-aktienkurse-von-alphabet-und-microsoft-steigen-19679617.html
Daimler Truck faces imminent strike by over 7,300 US workers: Daimler Truck must reach a new labor contract with over 7,300 hourly workers at six facilities in ...
reuters.com/world/us/daimler-truck-faces-imminent-strike-by-over-7300-us-workers-2024-04-26/
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/
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.
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/
Don’t be gloomy about Tesla and its EV rivals: The industry has had a terrible few months. But demand is likely to pick up
economist.com/leaders/2024/04/24/dont-be-gloomy-about-tesla-and-its-ev-rivals
Boeing now has a ‘negative’ outlook from both Moody’s and S&P Global: S&P sees greater uncertainty regarding Boeing's ability to achieve its estimates ...
qz.com/boeing-credit-ratings-outlook-negative-moodys-sp-1851435363
Quick Glance: Boeing faces revenue decline after 7 quarters with decreasing deliveries
- Boeing experienced a revenue decline in the last quarter, marking the first time in seven quarters as aircraft deliveries decrease.
- The quarterly revenue amounted to $16.57 billion, surpassing the expectations of $16.23 billion.
- Boeing aims to deliver a significant portion of its inventory of 737s and 787s by the end of the year to generate much-needed capital.
- Operating margins at Boeing's defense business improved to 2.2% in the quarter, compared to a negative value of 3.2% a year ago.
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
Toyota to invest $1.4 bln in its Indiana plant, adding 340 new jobs: Toyota Motor Corp said on Thursday it would invest $1.4 billion in its Princeton facility in ...
reuters.com/business/autos-transportation/toyota-invest-14-bln-its-indiana-plant-adding-340-new-jobs-2024-04-25/
Throwflame launches fire-spitting robo-dog from Hell: The Thermonator can be yours for just $9,420
theregister.com/2024/04/25/flamethrower_robot_dog/
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/
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.
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
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.
Japan frets over relentless yen slide as BOJ keeps ultra-low rates: Japan is concerned about negative effects of the weak yen, finance minister Shunichi Suzuki ...
reuters.com/markets/currencies/japan-is-concerned-about-weak-yens-negative-effects-finmin-says-2024-04-26/
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/
Toyota pilots EV pickup trucks in key Thai market: Toyota launched a public transport pilot on Thursday with nine fully electric Hilux Revo pickup trucks in ...
reuters.com/business/autos-transportation/toyota-pilots-ev-pickup-trucks-key-thai-market-2024-04-25/
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/
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.
S&P slashes Boeing credit outlook as rating hovers above junk status: Boeing's credit rating was under pressure for the second time this week as S&P brought them ...
reuters.com/business/aerospace-defense/sp-revises-outlook-boeing-negative-2024-04-25/
Mercedes Is First Automaker to Sell Level 3 Autonomous Vehicles in the US: After securing permission to sell cars with advanced autonomous features in California ...
uk.pcmag.com/cars-auto/151983/mercedes-is-first-automaker-to-sell-level-3-autonomous-vehicles-in-the-us
Quick Glance: Mercedes Sells First Autonomous Vehicle in the US
- Mercedes is the first automaker in the US to sell a car with advanced autonomous features. Drivers are not required to pay close attention to the road.
- Mercedes currently has permission to sell and lease cars with Level 3 autonomous driving in Nevada and California.
- The Drive Pilot system is limited to specific models and requires a yearly subscription. However, it has some restrictions for use.
- While other automakers like Tesla are still offering Level 2 autonomous driving, Mercedes is also working on developing Level 4 autonomous driving capabilities expected to be available by the end of the decade.
Continental Fined €100 Million Over Role in Diesel Emission Scam: Continental AG was fined €100 million ($107 million) for failing to prevent that its staff ...
bloomberg.com/news/articles/2024-04-25/continental-fined-100-million-over-role-in-diesel-emission-scam
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
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/
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.
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
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
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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
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/
Toyota hits record annual output, sales on robust demand: Toyota Motor said on Thursday its global sales and production hit record highs in the year ended March ...
reuters.com/business/autos-transportation/toyota-hits-record-output-sales-fy202324-2024-04-25/
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/
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.
Safran posts higher Q1 revenue, keeps financial targets: French jet engine maker Safran posted an 18.1% year-on-year increase in first-quarter revenue and ...
reuters.com/business/aerospace-defense/safran-posts-higher-q1-revenue-keeps-financial-targets-2024-04-26/
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
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.
Musk moves Tesla's goalposts, investors happily move shares higher: It's the millions-of-robotaxis promise again – and all y'all buying it this time ...
theregister.com/2024/04/24/musk_moves_tesla_goalposts_back/
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
Mercedes-Benz to launch luxury electric van for Chinese market: Mercedes-Benz is planning to launch a luxury electric van for the Chinese market based on its VAN ...
reuters.com/business/autos-transportation/mercedes-benz-launch-luxury-electric-van-chinese-market-2024-04-25/
How to build a global business empire in the 21st century: Disney, Ford, Microsoft and the age of the quasi-merger
economist.com/business/2024/04/22/how-to-build-a-global-business-empire-in-the-21st-century
VinFast chief plans to invest $1 billion more from his fortune in EV maker: Vietnamese billionaire Pham Nhat Vuong said on Thursday he planned to invest $1 ...
reuters.com/markets/asia/vinfast-chief-planning-invest-another-1-billion-his-fortune-ev-maker-2024-04-25/
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/
Nissan, Mazda roll out new models for China as they aim for comeback: Nissan Motor and Mazda Motor unveiled new cars tailored for Chinese drivers on Thursday ...
reuters.com/business/autos-transportation/nissan-unveils-four-concept-cars-fuel-china-comeback-2024-04-25/
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/
Buttigieg says Boeing must meet FAA quality plan before raising 737 MAX output: U.S. Transportation Secretary Pete Buttigieg said on Wednesday that Boeing must ...
reuters.com/business/aerospace-defense/buttigieg-says-boeing-must-meet-faa-quality-plan-before-raising-737-max-output-2024-04-24/
Three Stellantis plants halted due to strike at supplier: Production at three Stellantis assembly plants in Europe has been stopped for several days due to a ...
reuters.com/business/autos-transportation/three-stellantis-plants-halted-due-strike-contractor-2024-04-25/
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
XPeng CEO says its software, AI upgrades to enter 'super fast cycle': Chinese electric vehicle (EV) maker XPeng on Thursday said its software and artificial ...
reuters.com/business/autos-transportation/xpeng-ceo-says-its-software-ai-upgrades-enter-super-fast-cycle-2024-04-25/
Pensioner accidentally hit accelerator of high-speed electric car and caused four-vehicle crash
pressandjournal.co.uk/fp/news/crime-courts/6444642/pensioner-accidentally-hit-accelerator-of-high-speed-electric-car-and-caused-four-vehicle-crash/
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/
US to decide by late May if Boeing violated prosecution deal, sources say: U.S. Department of Justice officials are planning to decide as soon as late May ...
reut.rs/3wboLCz
Falcons GM explains shocking selection of Michael Penix Jr. that left Kirk Cousins 'disappointed'
cbssports.com/nfl/news/falcons-gm-explains-shocking-selection-of-michael-penix-jr-that-left-kirk-cousins-disappointed/
Toyota to delay EV production launch in US to 2026, Mid Japan Economist reports: Toyota Motor will delay the start of its electric vehicle (EV) production in the ...
reuters.com/business/autos-transportation/toyota-delay-ev-production-launch-us-2026-mid-japan-economist-reports-2024-04-25/
Focus: China's BYD seeks to redefine luxury for the EV generation: Chinese EV maker BYD will showcase its premium brand's first sedan at the Beijing auto show ...
reuters.com/business/autos-transportation/chinas-byd-seeks-redefine-luxury-ev-generation-2024-04-24/
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
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
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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
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/
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
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
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