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
Safety regulator probing whether Tesla’s recall of 2 million vehicles with Autopilot was adequate to fix safety threat
cnn.com/2024/04/26/business/tesla-recall-probe-safety-threat/
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
Tesla axed its entire marketing team—here’s why that matters: It a reminder of just how little Tesla has invested in its own brand beyond Elon Musk.
fastcompany.com/91113609/tesla-axed-its-entire-marketing-team-heres-why-that-matters
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.
F1 News: Audi Signs First Driver for Formula One Entry: Nico Hulkenberg will drive for Stake in 2025, transitioning into Audi F1 team in 2026.
newsweek.com/sports/f1-news-audi-signs-first-driver-formula-one-entry-1894555
Tesla to lay off 693 employees in Nevada, government notice says: Tesla plans to lay off 693 employees at its facilities in Sparks, Nevada, a government notice ...
reuters.com/business/autos-transportation/tesla-lay-off-693-employees-nevada-government-notice-2024-04-26/
Quick Glance: Tesla Plans Mass Layoffs in Nevada, Government Notice Reveals
- Tesla plans to lay off 693 employees at its facilities in Sparks, Nevada, according to a government notice, as part of its plan to cut more than 10% of its global workforce.
- Under US labor law, companies with 100 or more employees must notify authorities 60 days ahead of planned closings or mass layoffs.
- Tesla announced it will lay off 6,020 employees in Texas and California, with the company's global headcount exceeding 140,000 by late 2023.
- The company responded to declining sales and increased competition by announcing mass layoffs to streamline its workforce.
Two senators want US to order Tesla to restrict Autopilot use: Two U.S. senators on Friday urged regulators to bar Tesla from allowing the use of driver ...
reuters.com/business/autos-transportation/two-senators-want-us-order-tesla-restrict-autopilot-use-2024-04-26/
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/
US FDA approves Pfizer's gene therapy for rare bleeding disorder
reut.rs/3UAkIsM
Quick Glance: FDA approves Pfizer’s gene therapy for hemophilia B
- The FDA has approved Pfizer's first gene therapy drug for a rare inherited bleeding disorder.
- Beqvez, a unique gene therapy drug by Pfizer, has been approved for adults with moderate to severe hemophilia B.
- The drug enables patients to produce Factor IX themselves to prevent and control bleeding.
- Pfizer is competing with a similar treatment from CSL Behring and planning more gene therapies for various genetic disorders.
General Motors to shut manufacturing operations in Colombia, Ecuador -statement: U.S. car maker General Motors will close its manufacturing operations in ...
reuters.com/business/autos-transportation/general-motors-shut-manufacturing-operations-colombia-ecuador-statement-2024-04-26/
Porsche AG posts Q1 profit drop on ramp-up costs: Porsche on Friday reported a 30% drop in first-quarter operating profit, citing higher investments in what the ...
reuters.com/business/autos-transportation/porsche-ag-posts-q1-profit-drop-ramp-up-costs-2024-04-26/
No progress: Neither train nor car are suitable means of transport in Bonn
ga.de/bonn/stadt-bonn/bonn-weder-bahn-noch-auto-geeignete-verkehrsmittel_aid-111412625
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
I Squared and TDR Funds submit highest bid for Spain's Applus+: Amber, a vehicle of infrastructure fund I Squared Capital Advisors and TDR Capital ...
reuters.com/markets/deals/i-squared-tdr-funds-submit-highest-bid-spains-applus-2024-04-26/
It leaves behind a long ... never mind. The Subaru Legacy Is Being Discontinued After 36 Years | The Drive
The C8 Corvette Finally Comes in Competition Yellow for 2025: The best Corvette color is making a comeback, alongside Sebring Orange and newcomer Hysteria Purple ...
thedrive.com/news/the-c8-corvette-finally-comes-in-competition-yellow-for-2025
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
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 evoking the potential of ...
faz.net/aktuell/wirtschaft/unternehmen/boerse-aktienkurse-von-alphabet-und-microsoft-steigen-19679617.html
Toyota has launched a public transport pilot with nine fully electric Hilux Revo pickup trucks in Thailand.
The automaker's move in Thailand comes as Chinese ... Show more
Toyota pilots EV pickup trucks in key Thai market | Reuters
Toyota pilots EV pickup trucks in key Thai market | Reuters
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.
Beijing auto show: Foreign automakers eager for Chinese partners: Global automakers including Volkswagen and Toyota came to this year's Beijing auto show looking ...
reuters.com/business/autos-transportation/foreign-automakers-eager-chinese-partners-beijing-auto-show-2024-04-26/
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/
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
Toyota Makes $1.4 Billion EV Investment in Indiana Facility: The latest financing effort follows an additional $1.3 billion investment at its flagship Kentucky ...
wsj.com/business/autos/toyota-makes-1-4-billion-ev-investment-in-indiana-facility-594607ac
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
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/
After the 76ers' playoff loss to the Knicks, Kelly Oubre Jr. was involved in a car accident, crashing his Lamborghini when he reportedly ran a red light and ... Show more
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.
Car rental operator Hertz reported it lost another $200 million due to its EV gamble.
Hertz’s EV fleet — which once stood at 60,000 EVs ... Show more
Hertz loses another $200 million from its EVs
Hertz loses another $200 million from its EVs
How Subaru Owners Are 'Regearing' Their CVTs So They Crawl Better: Subies go off-roading, too, and this worthwhile mod can be made in a weekend for ...
thedrive.com/news/how-subaru-owners-are-regearing-their-cvts-so-they-crawl-better
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/
Subaru is bidding farewell to a fan-favorite model after 36 years: The Japanese automaker will be focusing on crossovers, and future EVs.
charlotteobserver.com/news/business/article287994805.html
Gravitics to develop ‘tactically responsive’ orbital platforms for the Space Force
techcrunch.com/2024/04/25/gravitics-to-develop-tactically-responsive-orbital-platforms-for-the-space-force/
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.
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/
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.
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 is seeing the writing on the wall with its EVs : Choices in engines, fuels is the name of the game for the three-pointed star.
thestreet.com/electric-vehicles/mercedes-is-seeing-the-writing-on-the-wall-with-its-evs-
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.
Shortage of staff: Bremer Straßenbahn AG lets subcontractors drive: BSAG does not have enough staff to operate all routes in Bremen itself. On some lines it ...
weser-kurier.de/bremen/stadtteil-huchting/personalmangel-bremer-strassenbahn-ag-laesst-subunternehmer-fahren-doc7v4j7f7kitvl46bi32d
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
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
Paid articlePaid
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
Why we will sell two taxi cars to buy a 2pc stake in Mr Li’s upcoming mascara company
nation.africa/kenya/life-and-style/mynetwork/why-we-will-sell-two-taxi-cars-to-buy-a-2pc-stake-in-mr-li-s-upcoming-mascara-company-4602006
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/
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
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/
Welcome to the Tennessee Titans, JC Latham.
He was the No. 7 overall pick in the NFL Draft. HE played football at the University of Alabama as a right tackle ... Show more
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.
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
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
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
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
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/
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/
Quick Glance: Falcons Surprise by Drafting QB Michael Penix Jr.
- The Atlanta Falcons made waves at the NFL draft by selecting Washington quarterback Michael Penix Jr. with the eighth overall pick, shocking many.
- Despite recently signing Kirk Cousins to a lucrative deal, the Falcons opted for Penix, highlighting their long-term vision for the team.
- Penix expressed readiness to learn from Cousins, while the Falcons firmly believe he could be their future franchise player.
- Amid past controversial picks, the Falcons stand by their decision, aiming to follow successful team models by grooming Penix as the successor to Cousins.
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/
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/
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/
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/
Flash floods kills at least 155 people in Tanzania: Flooding in Tanzania has killed 155 people and left at least 236 injured, the country’s Prime Minister Kassim ...
cnn.com/2024/04/25/africa/flash-flooding-kills-at-least-155-people-in-tanzania-intl/
Quick Glance: Devastating Impact of Heavy Rains in Tanzania
- In Tanzania, the heavy rains that triggered flooding and landslides due to El Nino have resulted in the loss of at least 155 lives.
- The torrential rains, accompanied by strong winds, have caused significant damage, including the destruction of crops, homes, and infrastructure.
- Kenya has recorded about 45 fatalities since the start of the rainy season in March, including 13 from floods in the capital Nairobi.
- The UN humanitarian response agency OCHA reports that in Somalia, the Gu rains have led to severe floods, resulting in at least four deaths and affecting or displacing over 800 people.
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/
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
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
Paid articlePaid
Auto China: China's car manufacturers play in a different league: Car manufacturers from Europe want to prove at the “Auto China” trade fair in Beijing that they ...
wiwo.de/unternehmen/auto/automesse-in-peking-chinas-autohersteller-spielen-in-einer-anderen-liga-/29773666.html
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics