August 6, 2024 – Newark, CA – Lucid Motors, the electric vehicle manufacturer, announced today a net loss of $790 million for the second quarter of 2024. This figure represents a significant increase compared to the $635 million loss reported in the same period last year. The company’s financial results were disclosed in its […]
August 6, 2024, Ankara – According to the Turkish Ministry of Economy, Turkey’s foreign direct investment (FDI) is projected to increase by at least 20% this year. This growth is attributed to a series of policies and reforms implemented by the Turkish government to encourage foreign investment, including tax incentives and streamlined administrative procedures. […]
Bridgewater Interiors, a seat supplier to Stellantis, has announced plans to lay off 63 employees at its Detroit (USA) plant after the company discontinued production of its Ram 1500 Classic model, according to a report in the media. A WARN notice filed with the […]
According to foreign media reports, Jaguar Land Rover’s chief financial officer Richard Molyneux told investors that the company’s main supplier Novelis plant was disrupted by flooding, which triggered a shortage of aluminum, which is the biggest obstacle the company is facing at present.Molyneux said the shortage of the […]
Mercedes-AMG has unveiled the 2024 SL63 S E Performance PHEV, a groundbreaking addition to the iconic SL roadster lineup. This latest model combines high-performance engineering with advanced plug-in hybrid technology, marking a new era for the renowned sports car. The 2024 SL63 S E Performance PHEV boasts a powerful hybrid drivetrain that merges a […]
The China Automobile Dealers Association (“CADA”) today released the latest “China Automobile Dealers Inventory Alert Index” (VIA), showing that in July 2024, the VIA for Chinese automobile dealers reached 59.4%, representing an year-on-year increase of 1.6 percentage points but a month-on-month decline of 2.9 percentage points. […]