Zeekr 007 GT Wagon – first shots
Zeekr is expanding its lineup with the introduction of the 007 GT, an estate variant of its 007 sedan. The Zeekr 007 GT will be known as the Zeekr 7 GT outside of China and will be launched in the...
Category: Automotive
Northvolt files for protection from creditors
Swedish electric vehicle (EV) battery maker Northvolt has collapsed, with at least $1 billion needed to save the company. Northvolt filed for Chapter 11 bankruptcy protection in the US late last week, and co-founder Peter Carlsson has stepped down as...
China’s BYD poised to overtake Tesla as world’s largest maker of pure-electric vehicles
The Chinese carmaker’s global fourth-quarter deliveries rose 22 per cent from the previous quarter, when they nearly matched Tesla’s total. BYD, already the world’s largest producer of electric vehicles (EVs) – a category that includes plug-in hybrid...
A Million Toyota, Lexus Cars Recalled over Airbag Sensor
Toyota has announced the recall of about a million Toyota and Lexus vehicles from 2020 through 2022 model years. The problem is an incorrectly manufactured sensor in the front passenger seat that could short-circuit, potentially causing the airbag to fail in....
CATL developed an EV chassis with a 1,000 km range
CATL announced that its EV CIIC skateboard platform completed testing in China and achieved a 1,000 km range, consumption of 10.5 kWh/100km, and managed to charge 300 km in 5 minutes. The car it was sitting on was B class...
Pickup Trucks Lead US Auto Sales
Celebrating its 75th anniversary this year, the Ford F-Series is no less than an American icon. Ford’s immensely popular line of pickup trucks has been the best-selling truck for 46 consecutive years and the country’s best-selling vehicle for the last 4...
NHTSA Wants 58 MPG Fuel Efficiency Standard By 2032
National Highway Traffic Safety Administration (NHTSA) announced a proposal to require raising fuel economy standards to 58 miles per gallon. The proposal, from the Department of Transportation’s National Highway Traffic Safety Administration (NHTSA), wo...
Ford set to loses $4.5 billion on EVs
Ford Motor Company announced it is projected to lose a staggering $4.5 billion from electric vehicles (EVs) this year, up from the previous projected loss of $3 billion. The company released its second-quarter financial results. The U.S.-based automaker̵...
Tesla’s supercharger deals with GM, Ford
Tesla’s supercharger deals with GM, Ford are ‘the cheapest forms of advertising’. Starting next year, owners of electric vehicles made by General Motors and Ford will be able to charge their EVs at many of Tesla’s charging stations, the...
Tesla net income and earnings drop more than 20%
Tesla profit miss estimates, gross margin dips to 19.3% on price cuts. Shares in electric vehicle maker Tesla dropped more than 4% after the company reported first-quarter earnings after the bell. Net income came in at $2.51 billion, down 24%...
PACCAR is heavily dominated by institutional owners
To get a sense of who is truly in control of PACCAR Inc it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 66% to be precise,...
Toyota’s CEO To Step Down As New Chief Will Remodel Automaker
Akio Toyoda, the CEO of Toyota Motor Corporation and grandson of the company’s founder, is stepping down after leading the world’s largest automaker for 14 years, according to Nikkei Asia. Chief Branding Officer Koji Sato will replace Akio Toyoda ...
88% Of New Cars Sold In Norway Are EVs And PHEV
According to the Norwegian Road Federation (OFV), electric cars accounted for 79 percent of new passenger car registrations in 2022, and 87 percent when including plug-in hybrids. For some contrast in the United States, electric vehicles excluding hybrids ac...
Volkswagen Group CEO: High Energy Cost Make New EV Plants “Unfeasible”
Incentives to buy an EV are starting to vaporize into thin air in places like Japan and the U.K. Now, the irony continues, as rising costs of energy in Europe, helped along by “green” energy policies, are making industrial projects...