October 3, 2024 – Tokyo, Japan:- Nissan Motor Co. is facing a financial crisis that could lead to bankruptcy within the next two years, analysts warn. The company, burdened by significant debt rated as “junk,” is grappling with plummeting sales, shrinking profits, and mounting challenges in adapting to the rapidly changing automotive industry. Nissan’s CEO … Read more
In a significant development in the electric vehicle market, BYD announced record sales in August 2024, selling over 373,000 vehicles, marking a remarkable achievement in the industry. This surge is attributed to BYD’s unique approach, where the company maintains a vertically integrated model, producing its own batteries and chips. Unlike competitors such as Tesla, which … Read more
Wolfsburg, Germany — September 5, 2024. Volkswagen’s leadership is facing significant financial pressure, triggering high-level meetings between executives and workers to discuss necessary cost-cutting measures. At the forefront of these talks is Volkswagen’s Finance Chief, Arno Antlitz, who addressed a crowd of 25,000 employees at the company’s Wolfsburg headquarters. Antlitz delivered a clear message: the … Read more
September 5, 2024 – Washington D.C. :-The United States is at a crucial juncture in the adoption of electric vehicles (EVs), driven by evolving regulatory changes. With the Biden administration placing a strong emphasis on climate change, the Environmental Protection Agency (EPA) has introduced new rules aimed at transforming the automotive and energy sectors. These … Read more
Seoul, South Korea, September 3, 2024 — Hyundai has confirmed the production of its N Vision 74, a vehicle poised to revolutionize the automotive industry by merging cutting-edge hybrid technology with high performance. This announcement underscores Hyundai’s commitment to innovation and sustainability in the high-performance sector. The N Vision 74 is inspired by the 1974 … Read more
September 3, 2024, Shenzhen, China — BYD has recently announced a significant price reduction for the Fang Cheng Bao 5, also known as the Yangan Wang U8 Mini in China. The new pricing, which ranges from 239,900 to 328,000 Yuan ($33,000 to $41,600), marks a substantial decrease of approximately $7,000 from its previous starting price … Read more
September 3, 2024 Hong Kong In a decisive move to strengthen market confidence, Chinese electric vehicle (EV) manufacturer Leapmotor announced today that major shareholders, including Chairman and CEO Xu Jangming, alongside key investors Fuen and his spouse, are set to increase their holdings in the company. This announcement follows a similar strategic investment by He … Read more
The automotive industry stands on the brink of a significant transformation, driven by the rise of electric vehicles (EVs). Among the leaders in this shift is the Ford F-150 Lightning, a truck that redefines what an electric pickup can achieve. This article delves into the key aspects of the F-150 Lightning, providing a comprehensive overview … Read more
BYD, the Chinese automotive giant, has officially surpassed Honda and Nissan in global vehicle sales. The achievement, anticipated by many industry analysts, became a reality in the second quarter of this year. BYD’s sales figures reveal a remarkable 40% increase from the previous year, with the company selling over 1 million vehicles in 2024, putting … Read more
In an age where cars are becoming increasingly similar to rolling computers, a recent survey by JD Power has provided eye-opening insights into what tech features car buyers truly value—and what they could do without. As automakers strive to integrate more advanced technologies, they may be missing the mark on certain innovations, while hitting the … Read more