Who Can Fathom The Eternal Optimism Of EV Enthusiasts?
No matter how loudly consumers say they don’t want them, those “in the know” keep telling us that the future is electric and that success is just around the corner.
Automotive
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What Is Driving Volkswagen's Biggest Restructuring In Decades
Volkswagen is considering cutting up to 100,000 jobs, double earlier estimates, as part of one of the most significant overhauls in its 89-year history.
Lock The Door Before Xi Arrives
The only policy that has kept Chinese cars off American roads is a regulation, not a law.
What Caused Volkswagen's Profits To Drop In The Second Quarter
The company posted operating profit of €3.5 billion for the quarter and lowered its full-year revenue outlook from expected growth to a possible 3% decline
Why Did Tesla And Alphabet Shares Fall After Earnings
Both companies defended the increased spending, arguing the investments will support future growth
Senate Panel Advances Bill Targeting Chinese-Linked Vehicles
The legislation, introduced by Republican Senator Bernie Moreno and Democratic Senator Elissa Slotkin, would formally establish restrictions first proposed under the Biden administration.
Ford Recalls Nearly 388,000 SUVs Over Seat Defect
According to the National Highway Traffic Safety Administration, the recall affects certain 2020-2027 Aviator and 2020-2026 Explorer models
Kia Recalls Nearly 463,000 Telluride SUVs Over Fire Risk
The report said the issue can occur if the seat adjustment knob becomes stuck or if an earlier repair performed under a previous service campaign was not completed correctly.
Why Is Volkswagen Slashing Its Model Lineup
It will gradually reduce its model range by up to 50% over the coming years, focusing on its strongest market segments
Toyota to Build $3.6 Billion Texas Plant, Shift Some Truck Production From Mexico
The Japanese automaker said the new 2.5 million-square-foot building will be located on its San Antonio manufacturing campus and will open by 2030, creating 2,000 jobs.
Why Did Tesla Stock Fall Despite Strong Delivery Numbers
Tesla is attempting to recover from two consecutive years of declining vehicle sales amid stronger competition from Chinese and European automakers
Tesla Reports Strongest Quarterly Delivery Growth In A Year
Tesla produced 451,758 vehicles during the quarter. The Model 3 sedan and Model Y SUV accounted for about 97% of all deliveries
JetBlue Plane Reports Drone Strike Near JFK Airport
The incident occurred Monday morning when the pilot of JetBlue Flight 948, arriving from Las Vegas, reported that an object believed to be a drone struck the aircraft at an altitude of about 3,000 feet during its final approach.
Why Is Volkswagen Planning 100,000 Job Cuts
Volkswagen is also expected to trim planned investment by about 15%, lowering spending to just over €130 billion over the next five years.
Why Are Chinese Carmakers Expanding Into Canada
Companies including BYD, Chery, Lotus and Changan have begun establishing dealerships, import networks and distribution channels despite modest sales expectations in Canada.