November 7, 2024, Crewe, UK – In a significant shift of strategy, luxury automaker Bentley Motors has announced that it will delay its transition to exclusively selling electric vehicles (EVs) by five years. Originally slated to achieve this milestone by 2030, the company now plans to complete the transition by 2035. The delay comes in […]
November 9, 2024, Gothenburg, Sweden – Volvo Cars has announced that starting with the 2025 model year, its new electric SUV, the EX90, along with other EV models such as the EX40 and EC40, will be compatible with Tesla’s Supercharger network in North America. Customers purchasing these vehicles will receive a dedicated adapter that allows […]
On November 6, Toyota announced that its second fiscal quarter (July to September) net sales of 11.4 trillion yen, basically unchanged from the same period last year; operating profit of 1.16 trillion yen, a year-on-year drop of 19.4%, lower than the same period last year of 1.44 trillion […]
Massachusetts voters passed a ballot measure on Nov. 5 that would allow online taxi drivers to unionize, making it the first U.S. state to allow drivers for ride-hailing companies such as Uber and Lyft to unionize, according to foreign media reports. U.S. media reported […]
On November 6, South Korean Trade Minister Cheong In-kyo said he expects local Korean companies to invest more in the U.S. if the next U.S. administration raises tariffs on imported products. If the U.S. adopts protectionist measures, the South Korean government will engage in trade diplomacy, while individual companies may move faster, Cheong In-kyo said. […]
Electric car manufacturer Lucid Group (NASDAQ: LCID) released an exciting third-quarter financial report, showing that the company’s revenue exceeded Wall Street expectations, thanks to strong market demand for its luxury electric sedans. With the rapid development of the electric vehicle market, Lucid’s performance has attracted great attention from investors, causing its stock price to rise […]