The European Union’s auto industry lobby has drafted a proposal that says the EU should use emergency regulations to delay the implementation of 2025 emissions targets for automakers by two years, Bloomberg reports. According to estimates made by the proposal’s European Automobile Manufacturers’ Association, the […]
Bloomberg reports that Volkswagen Group Chairman Hans Dieter Pötsch urged the European Union to revise its emissions targets and provide a clear message to the auto industry. Pötsch said policymakers have set ambitious climate targets but have not yet fully considered the measures needed […]
In a strategic shift, Volvo Cars has announced its decision to exit the vehicle subscription business. This move marks the end of a significant chapter in the company’s efforts to diversify its business model and adapt to changing consumer preferences in the automotive industry. Volvo Cars launched its subscription service, Care by Volvo, with […]
In a significant development in the realm of autonomous driving technology, Uber and Waymo have announced the expansion of their autonomous ridesharing service to Austin, Texas. This strategic partnership marks a significant milestone in the advancement of smart transportation and offers Austin residents a groundbreaking new travel option. The collaboration between Uber and Waymo […]
Chinese automotive giant Chery Automobile has announced a major investment in promoting its Omoda and Jaecoo brands in the European market. This strategic move marks a significant expansion of Chery’s international business and underscores its commitment and ambition in the European market. According to Chery’s statement, the company will invest hundreds of millions of […]
According to the latest data, global electric vehicle (EV) sales in August 2024 surged by 20% compared to the same month last year. This increase highlights the robust growth trajectory of the EV market and underscores ongoing consumer interest in environmentally-friendly transportation solutions. The report released by Rho Motion reveals that August saw record-breaking […]