Tesla plans to build a new factory in Mexico, joining other automobile companies expanding its presence in South America. Mexico’s President Andres Manuel Lopez Obrador claims that the electric vehicle manufacturer will have a plant in Monterrey, which is approximately three hours away from Texas. Tesla is expected to provide additional details in its investor […]
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Dealers in Germany have been informed that the Volkswagen brand is increasing the prices of cars with combustion engines by an average of 4.4%. Volkswagen claimed that the price hikes were brought on by significant increases in the cost of acquiring raw materials, energy, and equipment. The price increases include well-known models like the Golf, […]
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Nissan has stated that it is currently conducting car hauling tests on two all-electric Class 8 transport trucks in California. The trial aims to investigate the potential for greater industry adoption of electric trucks. Nissan vehicles are being transported from the Port of Los Angeles to nearby dealers using the two trucks, one supplied by […]
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In response to the US Inflation Reduction Act (IRA), which prohibits subsidies for imported EVs, Hyundai Motor announced that it has stared production of an electric vehicle (EV) in the United States. According to Yonhap, a company official stated that the South Korean automaker began assembling the Genesis GV70 SUV in its Alabama plant on […]
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As part of its partnership with Nvidia, an artificial intelligence company based in Silicon Valley, luxury carmaker Jaguar Land Rover (JLR) said that it will open three new engineering hubs in Europe to develop technologies for autonomous vehicles. For JLR’s next generation of luxury vehicles, self-driving systems will be developed at the hubs in Munich, […]
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In light of the uncertainty surrounding the economy, Mercedes-Benz Group issued a warning about lower earnings this year and said it would try to sell more cars directly in major markets like Britain and Germany while maintaining its goal of high margins on flat volume. Despite the fact that sales at the Mercedes-Benz Cars business […]
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According to a statement released by the Hyundai Motor and Kia Corp., the companies will provide software upgrades to 8.3 million vehicles in the United States in order to assist in reducing the rising number of vehicle thefts by employing a strategy that is well-liked on TikTok and other social media platforms. Videos on TikTok […]
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After Ford disclosed 1,300 UK job cuts in the UK in its internal combustion operations, a union leader has warned that the British car industry faces the possibility of further severe job cuts without urgent support for electric vehicle investment from the government. In light of rising costs and the necessity to accelerate its transition […]
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A senior manager has said that the “economics have to work” in order for Nissan to produce new electric versions of its Juke and Qashqai vehicles in the United Kingdom. Ashwani Gupta, the chief operating officer of the company, stated that it was challenging for the United Kingdom to maintain its level of automotive manufacturing […]
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According to industry data, new car demand weakened as a result of the expiration of a tax cut for cars with combustion engines and subsidies for electric vehicles (EVs). As a result, China’s passenger car sales fell by 38% in January, reversing a gain of 2.4% in the previous month. The China Passenger Car Association […]
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