Industry

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.
These automakers have the best and worst websites, according to car buyers

J.D. Power’s 2024 U.S. Manufacturer Evaluation Study surveyed car buyers and website users, focusing on four factors: information/content, visual appeal, navigation, and speed.

Evgenii Ushakov

July 19, 2024, 5:35 p.m.
Mercedes-Benz to install 400kW fast EV chargers at Starbucks locations across the United States

Mercedes-Benz is set to install DC fast chargers at over 100 Starbucks locations across the United States, starting with a 1,400-mile route along Interstate 5 from Washington to California. These chargers are part of a significant investment by the German automaker.

Evgenii Ushakov

July 19, 2024, 12:01 p.m.
Ford will build Super Duty trucks in Canada in shift from EV plan

Ford Motor announced plans to repurpose its Canadian Oakville Assembly plant, originally slated for future electric vehicle (EV) production, to build larger, gasoline-powered F-Series pickup trucks.

Evgenii Ushakov

July 18, 2024, 4:43 p.m.
Study reveals how people talk about car brands on social media

Social media provides a platform for sharing memes and discussions, but large companies utilize user behavior for insights into their public perception. YouGov’s recent U.S. Social Listening Report highlighted the top auto brands among social media users, with some expected names making the list.

Evgenii Ushakov

July 15, 2024, 4:38 p.m.
Italy to offer abandoned Stellantis brands to Chinese automakers

Italy's government is considering taking over defunct auto brands owned by Stellantis and offering them to Chinese companies to encourage the establishment of factories in Italy, according to a report by Il Sole 24 Ore.

Evgenii Ushakov

July 15, 2024, 4:13 p.m.
Only 1 in 7 of today's Chinese EV brands will be profitable by 2030, analysts say

Of the 137 EV brands currently operating in China, only 19 will be profitable by the end of this decade, according to Alixpartners.

Evgenii Ushakov

July 15, 2024, 11:53 a.m.
Construction begins on world's longest underwater road and rail tunnel

Construction began on June 17 for the world's longest underwater road and rail tunnel, the "Fehmarnbelt Fixed Link," which will connect Germany and Denmark. Scheduled to open in 2029, this 18-kilometer (11.1-mile) tunnel aims to cut travel time and enhance connectivity between the two countries.

Evgenii Ushakov

July 15, 2024, 8:49 a.m.
Saudi Aramco invests in combustion engines

Saudi Aramco is wagering that the internal combustion engine (ICE) will remain relevant for a "very, very long time" as the world's largest oil company identifies a business opportunity amid the rise of electric cars.

Evgenii Ushakov

July 9, 2024, 4:25 p.m.
Electrify America to start limiting EV charging to 85%. What is the reason?

Electrify America has introduced a "Congestion Reduction Pilot" program aimed at improving charger availability by limiting EV charging to 85% capacity.

Evgenii Ushakov

July 9, 2024, 10:03 a.m.
The average car on American roads today is 12.6 years old

Auto journalists and enthusiasts may love buying new cars, but the general public isn't as excited. A recent study by S&P Global Mobility found that the average age of vehicles on U.S. roads has increased to 12.6 years in 2024.

Evgenii Ushakov

July 5, 2024, 2:29 p.m.
Fisker to sell remaining Ocean stock at reasonably low prices

Fisker has recently filed for bankruptcy, marking the end of a long period of financial struggles. As part of this process, the company is looking to sell its remaining inventory of 3,231 Ocean electric vehicles to a leasing firm for a total of $46.3 million.

Evgenii Ushakov

July 5, 2024, 11:22 a.m.
The Fully Charged Show survey shows that most EV owners wouldn't go back to ICE cars

The vast majority of battery electric vehicle (BEV) drivers are highly unlikely to switch back to combustion-powered vehicles, according to recent research by the Fully Charged Show. The study found that over 93% of fully electric car drivers plan to "dump the pump" permanently, with 99% recommending the switch to BEVs.

Evgenii Ushakov

July 4, 2024, 4:03 p.m.

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