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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/
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.
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
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/
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/
Textron to cut 1,500 jobs as program cancellations, weak demand hit results: Textron is expanding its restructuring plan to include about 1,500 job cuts ...
reuters.com/business/aerospace-defense/textron-cut-1500-jobs-program-cancellations-weak-demand-hit-results-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
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.
Legendary F1 Designer Adrian Newey Is Leaving Red Bull: Report: Reports claim Aston Martin owner Lawrence Stroll recently made Newey a hefty offer.
thedrive.com/news/legendary-f1-designer-adrian-newey-is-leaving-red-bull-report
Elon Musk's SpaceX could spinoff Starlink in a big IPO this year, investment adviser says
qz.com/elon-musk-spacex-starlink-spinoff-ipo-investment-advise-1851433211
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/
US Senate committee investigates pricing of Novo's Ozempic and Wegovy: A U.S. Senate committee said on Wednesday it had launched an investigation into the prices ...
reuters.com/business/healthcare-pharmaceuticals/us-senate-committee-investigates-pricing-novos-ozempic-wegovy-2024-04-24/
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/
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/
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/
Ferrari strikes multi-year partnership with HP for Formula One team sponsorship: Ferrari has signed a multi-year partnership with HP , making the world's ...
reuters.com/sports/formula1/ferrari-strikes-multi-year-partnership-with-hp-formula-one-team-sponsorship-2024-04-24/
Quick Glance: Ferrari Revives Azure Blue at Miami Grand Prix
- Ferrari will bring back the iconic Azure Blue color with a special PUMA collection during their return to the USA.
- The history of Ferrari in blue dates back to the early days of Formula 1, with drivers like Raymond Sommer and Juan Manuel Fangio racing in blue Ferraris.
- Drivers such as Louis Rosier and Phil Hill also showcased blue Ferraris in various races, with the color holding a special significance for America.
- PUMA's limited collection for the Miami Grand Prix will revive the classic blue tones, paying homage to Ferrari's historical connection with the color.
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/
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
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
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/
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/
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/
2024 Aston Martin DBX707 Review: The Fast, Furious, Forever Car: The 2024 Aston Martin DBX707 is going to be a classic car. How can a luxury SUV with a ...
thedrive.com/car-reviews/2024-aston-martin-dbx707-review
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/
Delivery Hero ups revenue guidance on rising orders, ad revenue: German online takeaway food company Delivery Hero on Thursday raised its revenue guidance for ...
reuters.com/business/retail-consumer/delivery-hero-ups-revenue-guidance-after-q1-beat-2024-04-25/
GM CEO Barra compensation fell 4% in 2023 to $27.8 million: General Motors CEO Mary Barra's total compensation in 2023 fell 4% to $27.8 million, the largest U.S ...
reuters.com/business/autos-transportation/gm-ceo-barra-compensation-fell-4-2023-278-million-2024-04-24/
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
He missed a chance to be the first Black astronaut. Now, at 90, he's going into space
npr.org/2024/04/25/1246820206/ed-dwight-blue-origin-astronaut-new-shepard
Here’s Your Chance to Own the Ultimate Senna Souvenir: His Honda NSX: The legendary Formula 1 driver helped Honda develop the NSX, and his personal example is on ...
thedrive.com/news/heres-your-chance-to-own-the-ultimate-senna-souvenir-his-honda-nsx
Good Samaritan hit by car trying to break up Upper East Side fight between women: The man came upon two women beating up a woman on Second Ave. near E. 91st St ...
nydailynews.com/2024/04/25/good-samaritan-hit-by-car-trying-to-break-up-upper-east-side-fight-between-women/
Chinese EV startup Nio sets starting price for new version of ET7 sedan: Chinese electric vehicle (EV) startup Nio has set the starting price of the new version ...
reuters.com/business/autos-transportation/chinese-ev-startup-nio-sets-starting-price-new-version-et7-sedan-2024-04-25/
Hermes 1st quarter sales jump 17% on strong China demand: Birkin bag maker Hermes reported a 17% surge in first-quarter sales on Thursday ...
reuters.com/business/retail-consumer/hermes-q1-sales-jump-17-growth-across-regions-2024-04-25/
Volkswagen aims to keep China market share stable as price war rages: Volkswagen aims to keep its Chinese market share roughly stable until the end of the decade ...
reuters.com/business/autos-transportation/volkswagen-aims-maintain-15-market-share-china-2030-country-chief-says-2024-04-24/
Toyota to Build Another All-Electric SUV in US by Investing in Indiana Plant: Toyota Motor Corp. is moving ahead with plans to manufacture and sell more electric ...
bloomberg.com/news/articles/2024-04-25/toyota-to-build-another-all-electric-suv-in-the-us
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Dozens dead as floods wreak havoc across Kenya: Heavy rain has triggered widespread flooding as rivers burst their banks.
abcnews.go.com/International/dozens-dead-floods-wreak-havoc-kenya/story
Plaintiffs' lawyers chosen to lead Ozempic litigation: A federal judge has appointed eight plaintiffs' lawyers to leadership roles in federal mass tort ...
reuters.com/legal/litigation/plaintiffs-lawyers-chosen-lead-ozempic-litigation-2024-04-24/
Lamborghini's 2025 Urus Hybrid: A Slow Tiptoe Towards Electric: The second plug-in from the Italian carmaker packs nearly 800 horsepower and lots of ...
bloomberg.com/news/articles/2024-04-24/lamborghini-s-2025-urus-hybrid-a-slow-tiptoe-towards-electric
Oman-UAE rail gets new identity - Hafeet Rail: Oman-Etihad Rail Company unveiled ‘Hafeet Rail’ as the new identity of Oman-UAE Rail Network on Tuesday.
muscatdaily.com/2024/04/23/oman-uae-rail-gets-new-identity-hafeet-rail/
Quick Glance: UAE-Oman railway project in implementation phase: CEO of Hafeet Rail
- Ahmed Al Musawa Al Hashemi, CEO of Hafeet Rail, confirmed that the railway project between the Sultanate of Oman and the United Arab Emirates has entered into the implementation phase today.
- He stated that several tangible steps have been taken, starting with the signing of the partnership agreement between stakeholders and the awarding of major contracts for the project to a UAE-Omani alliance comprising companies from both countries operating as one team.
- Al Hashemi emphasized that the project will bring numerous economic and social benefits. He highlighted that the railways are operated with high efficiency in terms of safety and environmental sustainability, being among the most sustainable means of transportation.
- He expressed his expectations that the UAE-Oman railway project will act as a catalyst for further cooperation in various economic and industrial sectors, with a direct impact on passenger movement between the two countries, further enhancing tourism and relationships between their peoples.
Hyundai Motor Profit Beats Estimates on Weaker Korean Won: Hyundai Motor Co. reported first-quarter profit that beat analysts’ estimates as a weaker Korean won ...
bloomberg.com/news/articles/2024-04-25/hyundai-motor-profit-beats-estimates-on-weaker-korean-won
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Tesla could start selling Optimus robots by the end of next year, Musk says: Tesla's humanoid robot is still in the lab, but it may be ready to sell as soon as ...
reuters.com/technology/tesla-could-start-selling-optimus-robots-by-end-next-year-musk-says-2024-04-24/
Quick Glance: Tesla aims to potentially launch its humanoid robot Optimus next year, Elon Musk suggests
- Elon Musk hinted at the possibility of Tesla introducing its humanoid robot Optimus to the market next year. The company plans to deploy the robot in its own factory by the year's end.
- Not long ago, Tesla revealed “Optimus Gen 2”, a new iteration of its humanoid robot designed to assume repetitive human tasks.
- Tesla's confidence in achieving this stems from its utilization of AI technologies in the self-driving vehicle sector and its proficiency in battery and electric motor innovations. The notion that its vehicles are essentially robots on wheels was posited.
- Envisioning a future where households incorporate a Tesla Optimus robot that assumes various manufacturing and service roles, the CEO's perspective is clear.
Boeing is burning through cash as it rushes to fix quality control issues: The plane maker has been under intense scrutiny since a door plug blew out mid-flight ...
qz.com/boeing-stock-q1-earnings-737-max-787-dreamliner-safety-1851431320
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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.
Mercedes says it will continue to invest in China tie-ups: Mercedes Benz's China chief said on Thursday the company would continue to invest in tie-ups with ...
reuters.com/business/autos-transportation/mercedes-benz-shows-off-electric-line-up-beijing-autoshow-not-giving-up-2024-04-25/
Tesla’s profits are being sunk by a tide of electric cars: First-quarter profits for Elon Musk’s company have more than halved, with the EV market awash with ...
smh.com.au/business/companies/tesla-s-profits-are-being-sunk-by-a-tide-of-electric-cars-20240424-p5fm6k.html
Angel Reese caps off 2024 WNBA Draft celebrations with new $183,000 Mercedes-Benz SUV
nypost.com/2024/04/24/sports/angel-reese-caps-off-2024-wnba-draft-celebrations-with-new-180k-suv/
The Subaru Legacy Is Being Discontinued After 36 Years: Mark the demise of another sedan—America must have its SUVs. A long Legacy is all that’s left.
thedrive.com/news/the-subaru-legacy-is-being-discontinued-after-36-years
Caterpillar, Deere inventories in focus as machinery demand plateaus: Equipment inventories will be in focus when Caterpillar , Deere and CNH Industrial report ...
reuters.com/business/caterpillar-deere-inventories-focus-machinery-demand-plateaus-2024-04-24/
Tesla jumps as Musk's promise of 'more affordable' cars eases growth fears: Tesla shares surged 10% on Wednesday after the electric-car maker eased some worries ...
reuters.com/technology/tesla-jumps-musks-promise-more-affordable-cars-eases-growth-fears-2024-04-24/
Tesla to launch new models ahead of planned timeline, shares jump: Tesla said on Tuesday it had pulled forward the launch of new models, sending its shares up 6% ...
reut.rs/3UektlH
The Showdown Over Who Gets to Build the Next DeLorean: Decades after her dad’s iconic sports car time-traveled into movie history, Kat DeLorean wants to build a ...
wired.com/story/delorean-showdown/
Getir, Gorillas close to pulling out of Germany, media report: Turkish grocery delivery company Getir is close to withdrawing from Germany almost a year and a ...
reuters.com/business/retail-consumer/getir-gorillas-close-pulling-out-germany-media-report-2024-04-24/
Tesla axes new Model 2, but promises cheaper cars: Tesla will make "new models" by 2025 using its current production lines - but has retreated from ...
irishtimes.com/video/video/2024/04/25/tesla-axes-new-model-2-but-promises-cheaper-cars/
Help! Megabus Canceled My Trip But Won’t Refund the Booking Fee.: A traveler spent $53.98 to reserve a bus ride from Philadelphia to Boston ...
nytimes.com/2024/04/25/travel/megabus-service-fees-refunds.html
Toyota partners with Tencent to appeal to young Chinese drivers: Toyota Motor on Thursday said it will partner Chinese gaming and social media leader Tencent in ...
reuters.com/markets/asia/toyota-says-partner-with-tencent-china-2024-04-25/
Ad group WPP trails rivals with decline in organic revenue: Britain's WPP became a clear laggard among global ad companies with a drop in organic revenue drop in ...
reuters.com/business/media-telecom/ad-group-wpp-reports-16-drop-first-quarter-organic-growth-2024-04-25/
Kering shares slump after luxury company warns of H1 operating profit drop: Kering's shares slumped on Wednesday, after the French luxury goods company warned it ...
reuters.com/business/retail-consumer/kering-shares-slump-after-luxury-company-warns-h1-operating-profit-drop-2024-04-24/
Tesla brings forward new models as profits halve : The EV maker brings forward launch plans for new models as profits drop by more than half.
bbc.com/news/articles/c72pvz18x4lo
Beijing car show points to all-electric future as local brands dominate: China's largest motor show opened in Beijing on Thursday with the biggest names ...
timeslive.co.za/motoring/news/2024-04-25-beijing-car-show-points-to-all-electric-future-as-local-brands-dominate/
Tesla expects to book over $350 million in costs for layoffs: Tesla expects to book more than $350 million in costs in the current quarter for the mass layoffs ...
reuters.com/business/autos-transportation/tesla-reiterates-capital-expenditure-target-10-billion-this-year-2024-04-24/
Kreuzberg: Berlin's first covered cycle path is being extended: Model for the future - or utopia? Planners have gone wild where cars once parked under the U1 ...
berliner-zeitung.de/mensch-metropole/kreuzberg-berlins-erster-ueberdachter-fahrradweg-wird-verlaengert-li.2209073
Tesla Is in Panic Mode. Can Elon Musk Turn the Company Around? : The carmaker's profits fell 55% in the first quarter of 2024. Elon Musk faces major challenges ...
time.com/6970399/tesla-stock-earnings-call-elon-musk/
LATAM scraps plan to acquire Boeing B737s after talks end with bankrupt Gol: LATAM Airlines said on Wednesday that it was no longer seeking to acquire Boeing ...
reuters.com/business/aerospace-defense/latam-scraps-plan-acquire-boeing-b737s-after-talks-end-with-bankrupt-gol-2024-04-24/
Tesla's shift on low-cost cars throws Mexico, India factory plans into limbo: Tesla said on Tuesday that it will use its existing factories to build new and more ...
reut.rs/4b5CHwE
Tesla previews ride-hailing experience ahead of August robotaxi unveil: Tesla has shown off a preview of an upcoming ride-hailing feature in its app ahead of an ...
engt.co/3Jxf2JN
Tesla offers zero down payments on Model 3, Model Y in China: Tesla Inc has offered zero down payments on its Model 3 and Model Y vehicles in China ...
reuters.com/business/autos-transportation/tesla-offers-zero-down-payments-model-3-model-y-china-2024-04-24/
Rumor: Nico Hülkenberg before a change within Formula 1: Nico Hülkenberg's contract with Haas expires after the current season. There are now increasing signs ...
sport.de/news/ne6598097/geruecht-nico-huelkenberg-vor-wechsel-innerhalb-der-formel-1/
Exclusive: China's Sinopec charts global expansion with refinery in rival India's backyard
reuters.com/markets/commodities/chinas-sinopec-charts-global-expansion-with-refinery-rival-indias-backyard-2024-04-25/
Biden is giving $6 billion to Micron for a semiconductor project in upstate New York
npr.org/2024/04/25/1246888804/biden-chips-syracuse-micron
Tesla Promises 'More Affordable Vehicles' and a 'Cybercab': Elon Musk’s automaker told investors Tuesday that sales and revenue are down but that new “more ...
wired.com/story/tesla-promises-more-affordable-vehicles-cybercab/
Morning Bid: Yen on the brink, but Tesla pulls back: A look at the day ahead in European and global markets from Tom Westbrook
reuters.com/markets/europe/global-markets-view-europe-2024-04-24/
Weak business figures: Tesla's quarterly profit falls by 55 percent: The US electric car manufacturer Tesla is struggling with falling sales figures ...
n-tv.de/wirtschaft/Teslas-Quartalsgewinn-faellt-um-55-Prozent-article24896184.html
Maersk could offer limited Baltimore barge service: Denmark's Maersk may resume some shipping services at the U.S. Port of Baltimore when a temporary channel is ...
reuters.com/world/us/maersk-could-offer-limited-baltimore-barge-service-2024-04-24/
Quick Glance: Maersk plans limited barge service in Baltimore
- Denmark's Maersk is planning to resume some shipping services at the U.S. Port of Baltimore once a temporary channel is opened to allow access for commercially essential vessels that are blocked by a collapsed bridge.
- The channel with a controlling depth of 20 feet could potentially enable limited barge services into and out of the Port of Baltimore, according to Maersk.
- A container ship chartered by the Danish group collided with Baltimore's harbor bridge last month, leading to the collapse of the structure.
- The shipping traffic in Baltimore is expected to return to its full capacity by the end of May.
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