Automobile
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Porsche expects the transition to electric vehicles to take longer than it thought
Jul 23, 2024Luxury carmaker Porsche expects the transition to electric vehicles to take longer than it thought, it said on Monday, having previously said its aim was for 80% of sales to be all-electric by 2030. It has... -
Tesla’s Q2 margin hit a more than five-year low
Jul 23, 2024Tesla’s tab second-quarter margin hit a more than five-year low, the electric vehicle maker is likely to report on Tuesday, and its CEO Elon Musk is expected to double down on the company’s robotaxi plans and... -
Tesla halted some production lines in Texas and Nevada due to the global IT outage, Business Insider reported
Jul 21, 2024Tesla halted some production lines in Texas and Nevada due to the global IT outage, Business Insider reported on Friday, citing sources familiar with the matter. Tesla told its staff Friday morning that it is “currently... -
Autoliv cut its full-year financial forecasts on Friday
Jul 21, 2024Sweden’s Autoliv cut its full-year financial forecasts on Friday after lower sales led to second-quarter adjusted profit falling below expectations, sending its shares down. The world’s largest producer of airbags and seatbelts, said it now sees... -
BMW to recall 1,145 vehicles in the United States over a potential issue
Jul 18, 2024BMW is recalling 1,145 vehicles in the United States over a potential issue that may cause the driver’s airbag to explode during deployment, the U.S. National Highway Traffic Safety Administration said on Wednesday. The recall, opens... -
BYD to introduce three more models to the Vietnamese market this October
Jul 18, 2024Chinese electric carmaker BYD will introduce three more models to the Vietnamese market this October and plans to expand its dealerships to 100 in 2026, Chief Operations Officer of BYD Vietnam Vo Minh Luc said on... -
Tokyo’s Haneda Airport to trial a driverless vehicle to tow cargo containers
Jul 18, 2024Tokyo’s Haneda Airport is trialling a driverless vehicle to tow cargo containers in an attempt to get around labour shortages as the number of tourists flying into Japan soars. The vehicle at one of the world’s... -
US unveils $1.7 bn boost to electric vehicle manufacturing
Jul 12, 2024The administration of US President Joe Biden announced on Thursday that $1.7 billion in grants will be given to assist resuscitate or expand auto plants for producing electric vehicles and parts, including those in Georgia and... -
BMW asked Brussels to calculate lower tariffs for imports of its China-made electric Mini to Europe
Jul 9, 2024BMW has asked Brussels to calculate lower tariffs for imports of its China-made electric Mini to Europe, which are currently subject to the highest duties under provisional EU regulation, according to a person familiar with the... -
Porsche sticking to its guns in its transition of some models to electric vehicles
Jul 9, 2024Porsche is sticking to its guns in its transition of some models to electric vehicles, despite a recent weakness in demand for battery-powered cars, the carmaker’s head of production told magazine Automobilwoche. Porsche executive board member...
