Industry

Uber and BYD team up to bring 100,000 EVs to its ride-hailing platform

Uber and Chinese automaker BYD have announced a multi-year partnership to introduce 100,000 new electric vehicles (EVs) to Uber’s ride-hailing platform globally.

Evgenii Ushakov

July 31, 2024, 4:19 p.m.
Famous sports seat manufacturer Recaro files for bankruptcy

Recaro has filed for bankruptcy, receiving approval for self-administration from a German court, as reported by Autocar.

Evgenii Ushakov

July 31, 2024, 11:53 a.m.
Someone deepfaked Ferrari CEO voice in an scam attempt

Scammers pretending to be Ferrari's CEO Benedetto Vigna have been stopped in their tracks, thanks to a quick-thinking executive.

Evgenii Ushakov

July 30, 2024, 12:28 p.m.
Toyota brings production of new hybrid transaxle to the U.S.

Toyota West Virginia has started producing the OEM's fifth-generation hybrid transaxle, a key component of Toyota's electrification strategy, according to a news release.

Evgenii Ushakov

July 29, 2024, 4:07 p.m.
Mitsubishi seeks to join the alliance of Nissan and Honda

Honda, Nissan, and Mitsubishi will join forces to compete with the other giants of the automobile industry.

Evgenii Ushakov

July 29, 2024, 3:49 p.m.
Used car prices soar in USA because new cars are too expensive

You'll pay 60 percent more for a 10-year-old car today compared to 2014.

Evgenii Ushakov

July 29, 2024, 2:26 p.m.
Mazda has registered a new logo, check it out

The good news is that the new logo isn't much different from the old one, so it shouldn't be hard to recognize.

Evgenii Ushakov

July 29, 2024, 1:06 p.m.
Stellantis threatens to cut off car brands that don't make any money

Some analysts suggest Maserati might be a target for sale by Stellantis, while other brands like Lancia or DS could be at risk of being discontinued due to their minimal impact on the group's overall sales.

Evgenii Ushakov

July 29, 2024, 12:47 p.m.
Volvo reconsiders full electrification due to EV sales slump in key markets like US and China

Volvo CEO Jim Rowan reaffirmed his commitment to electric vehicles (EVs) but acknowledged the challenge of achieving global electrification.

Evgenii Ushakov

July 29, 2024, 9:18 a.m.
Europe's largest battery manufacturer may switch to static storage due to weak electric vehicle demand

LG Energy Solution’s Poland plant is considering shifting to building static storage units due to disappointing demand for its EV batteries.

Evgenii Ushakov

July 26, 2024, 11:46 a.m.
Despite issuing a recall for the 1.0-liter EcoBoost engine, Ford is still facing a lawsuit

Ford continues to face a lawsuit over its 1.0-liter EcoBoost engine despite issuing a recall. The plaintiffs' council is now consulting more Ford owners with the same engine.

Evgenii Ushakov

July 25, 2024, 5:27 p.m.
New all-electric Renault Twingo to be produced in Slovenia

While the development of this small, budget-friendly EV involves collaboration with an as-yet-unnamed Chinese partner, its production will be based in Europe.

Evgenii Ushakov

July 25, 2024, 2:40 p.m.
Ferrari Extends Cryptocurrency Payment System to Europe After US Launch

Ferrari announced on Wednesday that it is expanding its cryptocurrency payment system to European dealers by the end of this month. The luxury car manufacturer first launched this payment method in the United States last year and plans to extend it to other international dealers by the end of 2024.

Evgenii Ushakov

July 25, 2024, 9:35 a.m.
Toyota launches heavy-duty hydrogen fuel cell truck test program with Coca-Cola and Air Liquide

Toyota has initiated testing of a new hydrogen-powered truck in collaboration with Coca-Cola, integrating the vehicle into the beverage company's supply chain operations.

Evgenii Ushakov

July 24, 2024, 5:38 p.m.
Production of several Porsche models delayed by flooding at aluminum supplier

Porsche has issued a profit warning due to production delays caused by flooding at an aluminum supplier in central Europe. The disruption is expected to impact the production of several models and lower the company's profit margins and revenues below this year's forecasts.

Evgenii Ushakov

July 24, 2024, 12:51 p.m.
Chinese brand Zeekr considers producing cars in Europe to avoid high tariffs

According to a Bloomberg report, Zeekr is considering producing its models in Europe, potentially using existing Volvo Cars AB plants.

Evgenii Ushakov

July 24, 2024, 11:24 a.m.
Parts supplier Forvia to work with BYD's new factory in Hungary as an extension of their current partnership in Asia

The world's seventh-largest car parts supplier, Forvia, announced it will extend its partnership with Chinese battery specialist and car maker BYD to Europe. This collaboration will see both companies operating together in BYD's new factory in Hungary, building on their existing partnership in Asia.

Evgenii Ushakov

July 23, 2024, 3:38 p.m.
Porsche scales back 80% EV goal by 2030

Porsche is reevaluating its ambitious electric vehicle (EV) targets. Initially aiming for EVs to constitute 80% of its sales by 2030, the company is now less certain about reaching this goal. In a statement to Reuters, Porsche clarified that meeting this target depends on customer demand and the broader development of electromobility.

Evgenii Ushakov

July 23, 2024, 11:17 a.m.
Dacia Sandero named Europe's best-selling car, beating Tesla Model Y

In the first half of 2024, the Dacia Sandero has claimed the top spot as Europe’s best-selling car, with Tesla Model Y's sales seeing a significant drop.

Evgenii Ushakov

July 23, 2024, 9:06 a.m.
VW and Xpeng introduce joint architecture for more electric models in China

VW and Xpeng extend their technical cooperation agreement for an E/E architecture. From 2026, this will not only be integrated into VW's China-specific CMP electric car platform, but also into all VW brand models based on the global MEB platform for the Chinese market.

Evgenii Ushakov

July 22, 2024, 1:24 p.m.

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