Porsche Automobil Holding, the parent company of Volkswagen AG, has announced a downward revision to its projected after-tax earnings for the fiscal year 2024. The company now expects its after-tax profits to range between €3.5 billion and €5.5 billion (approximately $3.78 billion to $5.94 billion USD). This adjustment reflects various factors impacting Porsche’s financial outlook, including market conditions, operational challenges, and economic uncertainties. The automotive industry, like many others, has been navigating supply chain disruptions and fluctuating consumer demand, contributing to the revised forecast. In a statement, Porsche Automobil Holding emphasized its commitment to managing these challenges while continuing to invest in innovation and sustainable growth initiatives. The […]
According to Reuters, on July 8, the Italian automotive industry federation (FIM-CISL) said that if the Italian government’s recently launched car purchase incentives can not boost demand, especially electric vehicle demand, car maker Stellantis this year’s car production in Italy may fall by about one-third. Stellantis’ production in Italy this year could fall to just over 500,000 units from 751,000 units last year, well below the target of 1 million annual units by 2030 that Stellantis and the Italian government are discussing, FIM-CISL said. Earlier this year, the Italian government announced it would launch a new incentive […]
According to foreign media reports, the BeiDou satellite navigation system (BDS) is undergoing a major upgrade to meet the growing demand for high-precision positioning in various fields. The new service aims to provide decimeter-level accuracy within minutes, a significant improvement over existing capabilities. This advancement is critical for emerging technologies such as autonomous driving, robotic navigation and smart city infrastructure, which rely on reliable and accurate location data for their effective operation. With the rapid development of technologies such as autonomous driving and robotic navigation, the market has witnessed a surge in demand for highly accurate and reliable positioning systems. […]
Canada is one of the favored immigration destinations for Chinese. According to a demographic analysis by Statistics Canada, as of 2021, about 1.8 million Chinese will live in Canada, accounting for about 5 percent of the total population. However, Canada’s policy is quite cautious when it comes to treating investments by Chinese automobile companies and exports of electric vehicles. Recently, some foreign media, citing sources familiar with the matter, said that Canada is considering following the example of the United States and the European Union to impose additional tariffs on Chinese electric vehicles. The move took a new turn on July 2: […]
With the rapid development of the Internet, DIY car dent repair tools have become popular among more and more car owners. These tools not only allow car owners to easily repair minor car dents at home, but also effectively save repair costs, becoming a new favorite of many car owners. Traditionally, repairing car dents requires professional technicians and expensive repair costs. However, with the rise of DIY culture and the advancement of technology, more and more people are trying to solve this problem on their own with the help of online resources and specially designed tools. These tools usually include various suction cups, professional hot glue guns and other […]
Berlin, July 8, 2024 – Tesla announced today that its expansion plan for the factory in Brandenburg, Germany has received approval from local authorities, marking a significant step in the company’s further expansion into the European market and enhancement of its production capacity. In a statement, Tesla confirmed that the government of Brandenburg has officially approved the expansion plan for its facility in Grünheide. This decision will enable Tesla to add production lines, increase capacity for manufacturing electric vehicles and batteries, and further streamline its production processes. Tesla’s expansion plan is expected to create a substantial number of job opportunities and play a crucial role in technological innovation, […]