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 […]
Although facing a variety of unfavorable factors, global electric vehicle sales will continue to grow. A few days ago, Bloomberg New Energy Finance (BNEF) released its Long-Term Electric Vehicle Outlook report, predicting that market penetration of electric vehicles is still growing. Rapidly declining battery prices, advances in next-generation battery technology, and improved economics of electric vehicles compared to fuel vehicles will support the long-term growth of global electric vehicle sales. Global passenger electric vehicle sales are forecast to exceed 30 million units in 2027, accounting for 33% of global vehicle sales, and grow to 73 million units by […]