Industry

Hoonigan Files for Bankruptcy to Restructure $1.2 Billion Debt

Hoonigan has filed for Chapter 11 bankruptcy protection in Delaware, aiming to restructure its operations and eliminate $1.2 billion in debt.

Evgenii Ushakov

Sept. 10, 2024, 3:30 p.m.
NHTSA Proposes Changes to Truck and SUV Designs for Pedestrian Safety

The National Highway Traffic Safety Administration (NHTSA) is pushing for new design standards for trucks and SUVs to address the rising number of pedestrian fatalities.

Evgenii Ushakov

Sept. 10, 2024, 3:22 p.m.
Volvo CE Opens New Facility for Electric Wheel Loader Production

Volvo Construction Equipment (CE) has taken a significant step in the construction industry's shift towards sustainability with the inauguration of a new facility at its Arvika plant in Sweden. This state-of-the-art expansion is dedicated to supporting the production of electric wheel loaders.

Evgenii Ushakov

Sept. 9, 2024, 4:45 p.m.
Over 1.4 million Ram 1500 trucks recalled to fix a bug in the anti-lock brake system

Stellantis, the company that owns Chrysler, has announced a big recall of Ram 1500 pickup trucks. The recall affects 1.46 million vehicles worldwide, with most of them in the US.

Evgenii Ushakov

Sept. 9, 2024, 10:13 a.m.
Panasonic Energy Ready to Commence Mass Production of 4680 Automotive Lithium-ion Batteries

Panasonic Energy has finished getting ready to make a lot of new car batteries. They've updated their factory in Wakayama, Japan, to produce these special 4680 cylindrical lithium-ion batteries.

Evgenii Ushakov

Sept. 9, 2024, 9:18 a.m.
EU tariffs could kill Cupra, warns CEO

Cupra, the VW Group-owned brand, is facing a potential crisis due to new European Union tariffs on electric vehicles imported from China. Wayne Griffiths, the CEO of Cupra, has warned that these tariffs could have a devastating impact on the company's business.

Evgenii Ushakov

Sept. 6, 2024, 4:18 p.m.
Toyota and BMW Group strengthen hydrogen car cooperation

Toyota and BMW signed an agreement to strengthen collaboration in the hydrogen sector, with a view to creating a hydrogen society and achieving overall carbon neutrality.

Evgenii Ushakov

Sept. 5, 2024, 2:38 p.m.
Volvo adjusts electrification ambitions, will sell mix of powertrains after 2030

Volvo has changed its mind about going all-electric by 2030. The company now plans to sell a mix of cars with different engines, including mild-hybrids, plug-in hybrids, and electric vehicles, by the end of the decade.

Evgenii Ushakov

Sept. 5, 2024, 11:07 a.m.
Norway’s EV sales set new record in August, taking 94% market share

Electric vehicles are taking over Norway's roads. In August, they made up 94.3% of all new cars sold in the country.

Evgenii Ushakov

Sept. 4, 2024, 11:16 a.m.
Dieselgate" trial begins against ex-VW boss Winterkorn

Former Volkswagen Group CEO Martin Winterkorn is facing trial for his alleged role in the company's diesel emissions scandal. The trial kicked off Tuesday in Braunschweig, Germany, where Winterkorn faces charges of fraud and market manipulation.

Evgenii Ushakov

Sept. 4, 2024, 10:46 a.m.
CATL Announces Expansion of Battery Swap Network in China

Chinese battery manufacturer CATL recently revealed plans to expand its Evogo battery swap network across China. This announcement was made during the 2024 World Power Battery Conference held in Yibin, China.

Evgenii Ushakov

Sept. 3, 2024, 7:40 p.m.
Volkswagen warns of possible plant closures in Germany

Volkswagen might close some of its plants in Germany for the first time ever. The car company says it's getting harder to compete with other carmakers, and the market's not looking good.

Evgenii Ushakov

Sept. 3, 2024, 10:14 a.m.
Stellantis won't sell or close any of its 14 brands

Stellantis will keep all 14 of its car brands. The company made this clear in a recent press release, putting to rest rumors about selling or shutting down any of its brands.

Evgenii Ushakov

Sept. 2, 2024, 3:18 p.m.
GM is moving its BrightDrop electric commercial vans under the Chevrolet brand

General Motors has decided to fold its BrightDrop subsidiary into the Chevrolet brand for the 2025 model year. This move aims to boost brand growth and widen the sales and service network for BrightDrop's commercial electric vehicles.

Evgenii Ushakov

Aug. 30, 2024, 12:37 p.m.
Škoda has utilised another plant to produce additional units of the updated Octavia

&Scaron;koda Auto has begun producing the updated Octavia model at its Kvasiny plant in the Czech Republic. The first car of this new production run has just rolled off the assembly line.

Evgenii Ushakov

Aug. 29, 2024, 2:02 p.m.
BMW and Toyota to expand hydrogen car partnership

Toyota and BMW are teaming up to save hydrogen cars. The two automakers plan to sign a new agreement in early September to strengthen their partnership in fuel cell vehicle development, Nikkei Asia reports.

Evgenii Ushakov

Aug. 29, 2024, 8:45 a.m.
U.S. awards $521 million in grants to build out 9,200 EV chargers

The U.S. government will give out $521 million to build more electric vehicle charging stations across the country. This move aims to add over 9,200 new charging ports and make it easier for people to use electric cars.

Evgenii Ushakov

Aug. 28, 2024, 3:15 p.m.
Hyundai to double hybrid range as demand for ‘pure’ electric cars slows

Hyundai plans to double its hybrid car model range. The company's decision comes as consumer demand for purely electric vehicles slows down.

Evgenii Ushakov

Aug. 28, 2024, 2:49 p.m.
Xpeng considers manufacturing EVs in Europe

Xpeng, a Chinese electric vehicle startup, is looking for a place to make cars in Europe. The company wants to set up shop there because the European Union plans to charge more for Chinese EVs coming into the continent.

Evgenii Ushakov

Aug. 27, 2024, 9:12 p.m.
MG could start importing electric cars from Thailand into EU to avoid special tariffs on Chinese EVs

MG is looking at sending electric cars from Thailand to Europe. This move comes as the EU puts heavy taxes on electric cars from China.

Evgenii Ushakov

Aug. 27, 2024, 10:08 a.m.

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