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SUVs have given ultraluxury companies a solid revenue boost. For example, in the first quarter, the Bentayga SUV accounted for 42 percent of Bentley sales, while the Lamborghini Urus accounted for over half the brand’s sales in the same period. McLaren Automotive Group’s loss increased to 335 million pounds ($433 million) in 2022, up from […]
Just like dents and dings happen on the doors, hood, and body of your vehicle, mishaps also affect the auto glass. Damaged auto glass detracts from the vehicle’s aesthetic appeal, and it also impacts safety while driving. If you plan to sell your vehicle, investing in quality auto glass restores its value in several key […]
South Carolina, which has received $10 billion in EV investment from Volkswagen, BMW, Mercedes-Benz and others, and Kentucky, which has received $10 billion in EV investments from Ford, SK On and AESC, fell below the level required to be included in the ranking. South Carolina earned 14 of the 100 points available. Kentucky earned 5.5. […]
Nio has been offering the battery swapping service for free at least four times per month to existing owners. It is among only a handful of EV makers betting on battery swapping as a way to power electric cars. Rival Tesla dismissed battery swapping as “riddled with problems and not suitable for widescale use.” Nio […]
“When you can get scale and engineering efficiencies through a lot of re-use of parts, you can really do a lot of things both from a business perspective and also from a customer perspective, making sure we’re bringing them new and exciting products ,” John Emmert, Ford’s general manager of North America trucks, told Automotive […]
Tesla Inc. recalled virtually every car it’s sold in China due to a braking and acceleration defect that may increase crashes and safety risks. The automaker will deploy an over-the-air software fix to more than 1.1 million vehicles produced in Shanghai from January 2019 to April this year, plus some models imported into China, the […]
Also on Thursday, the Seat announced record operating profit for the first quarter of 2023, at 144 million euros, compared with five million euros in the first quarter of 2022. Revenue was 3.6 billion euros, 48 percent higher than the first quarter of 2022. Cupra began as a trim line of Seat and became its […]
Farley said the region remains key to Ford. “We believe that not only is it the biggest EV market in the world, but customers digitally are ahead of the rest of the world, and so it’s a really important market for us,” he said. “And what we really see in our presence there is battery […]
Robotaxis operate like ride-hailing services. Both incorporate data analytics to determine where rides will be needed, maximizing the utilization of their platforms. Customers hail them via apps. The similarities end there. “It is an entirely different business than ride-hailing,” said Alisyn Malek, CEO of consulting firm Middle Third and former COO of self-driving tech startup […]
Nissan was an early proponent of local sourcing for the Leaf, when it constructed a dedicated battery plant next to its Smyrna vehicle assembly that produced its own battery cells. Japanese supplier Envision AESC now operates that battery production center on the Smyrna site. But now, to qualify for the full $7,500 federal tax credit, […]
.jpg "Nio joins Tesla in cutting prices and ends free battery swapping")
