Tag #Automotive

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cbsnews.com

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Feb 19, 19:15

Nikola Files for Bankruptcy After Founder's Fraud Conviction

Troubled electric vehicle maker Nikola, after founder Trevor Milton's fraud conviction and dwindling funds, filed for Chapter 11 bankruptcy protection with $47 million in cash, planning limited operations until March, pending court approval.

Nikola Files for Bankruptcy After Founder's Fraud Conviction

Troubled electric vehicle maker Nikola, after founder Trevor Milton's fraud conviction and dwindling funds, filed for Chapter 11 bankruptcy protection with $47 million in cash, planning limited operations until March, pending court approval.

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What are the immediate consequences of Nikola's bankruptcy filing for its operations, employees, and investors?

Nikola, a once-high-flying electric vehicle startup, filed for Chapter 11 bankruptcy protection, possessing only $47 million in cash. This follows months of warnings about dwindling funds and comes after founder Trevor Milton's 2022 fraud conviction for misleading investors about the company's technology. The company plans limited operations until the end of March, pending court approval.

forbes.com

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Feb 6, 10:10

Tesla's New Model Y: 5% Range Boost Exceeds Expectations

Tesla engineers revealed a 5% range increase in the new Model Y's Long-Range All-Wheel Drive version, exceeding expectations, due to improvements in the brake system, tires, and aerodynamics; deliveries begin in March from four global factories.

Tesla's New Model Y: 5% Range Boost Exceeds Expectations

Tesla engineers revealed a 5% range increase in the new Model Y's Long-Range All-Wheel Drive version, exceeding expectations, due to improvements in the brake system, tires, and aerodynamics; deliveries begin in March from four global factories.

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What specific improvements contributed to the unexpected range increase in Tesla's new Model Y, and what are the immediate implications for consumers?

Tesla's new Model Y boasts a 5% range increase exceeding initial projections, reaching approximately 227 miles for the Long-Range All-Wheel Drive variant. This improvement stems from optimizations in tires, brakes, and aerodynamics, not larger batteries, to maintain affordability. Deliveries begin in March.

faz.net

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Jan 13, 10:05

Porsche Sales Down 3 Percent in 2024; China Market Weakness Offsets Growth in Other Regions

Porsche's 2024 global vehicle sales declined by 3 percent to 310,718 units, primarily due to decreased sales in China despite growth in other regions like North America (up 1 percent to 86,541 vehicles) and Germany (up 11 percent to 35,858 vehicles).

Porsche Sales Down 3 Percent in 2024; China Market Weakness Offsets Growth in Other Regions

Porsche's 2024 global vehicle sales declined by 3 percent to 310,718 units, primarily due to decreased sales in China despite growth in other regions like North America (up 1 percent to 86,541 vehicles) and Germany (up 11 percent to 35,858 vehicles).

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What were Porsche's overall sales figures in 2024, and how did the performance in different regions affect these results?

Despite growth in other markets, Porsche's 2024 global sales decreased by 3 percent to 310,718 vehicles due to a significant decline in the Chinese market. North America remained Porsche's largest market, with sales up 1 percent to 86,541 vehicles. Sales in Germany increased by 11 percent to 35,858 vehicles.", A2="The decline in Chinese sales, attributed to challenging economic conditions, contrasts with growth in other regions, highlighting the market's importance to Porsche's overall performance. While Porsche emphasizes a value-oriented sales strategy balancing supply and demand, it anticipates similar sales in China in 2025, despite the strong growth of the electric vehicle market there.", A3="Porsche's focus on a value-oriented sales strategy in China suggests a long-term view prioritizing profitability over market share. The company's product renewal, with four out of six model lines updated, shows a commitment to competitiveness. However, the persistent economic challenges in China, coupled with strong EV market growth there, pose significant challenges for Porsche's future growth.", Q1="What were Porsche's overall sales figures in 2024, and how did the performance in different regions affect these results?", Q2="How did economic conditions and the growth of the electric vehicle market in China impact Porsche's sales and future outlook?", Q3="Considering Porsche's product renewal and sales strategy, what long-term adjustments might the company need to make to maintain profitability and competitiveness in a changing global market, especially in China?", ShortDescription="Porsche's 2024 global vehicle sales declined by 3 percent to 310,718 units, primarily due to decreased sales in China despite growth in other regions like North America (up 1 percent to 86,541 vehicles) and Germany (up 11 percent to 35,858 vehicles).", ShortTitle="Porsche Sales Down 3 Percent in 2024; China Market Weakness Offsets Growth in Other Regions"))

repubblica.it

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Jan 11, 04:07

EU's 2025 Emission Rules Threaten \$16 Billion in Automotive Fines

Stellantis' European head, Jean-Philippe Imparato, warns of potential \$16 billion in EU fines for the automotive industry in 2025 due to stringent emission reduction targets, urging a more gradual transition to electric vehicles and inclusion of commercial vehicles in emission calculations.

EU's 2025 Emission Rules Threaten \$16 Billion in Automotive Fines

Stellantis' European head, Jean-Philippe Imparato, warns of potential \$16 billion in EU fines for the automotive industry in 2025 due to stringent emission reduction targets, urging a more gradual transition to electric vehicles and inclusion of commercial vehicles in emission calculations.

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What are the immediate economic consequences of the EU's 2025 vehicle emission standards for the European automotive industry?

Stellantis' Jean-Philippe Imparato highlights the European Union's 2025 emission reduction targets as the main challenge, not the 2035 ban on combustion engines. He emphasizes the need for a more gradual approach to avoid severe economic consequences for the automotive sector. The immediate concern is the risk of over \$16 billion in fines for 2025.

smh.com.au

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Dec 24, 01:07

Honda and Nissan to Merge, Forming World's Third-Largest Automaker

Japanese automakers Honda and Nissan plan to merge by August 2026, forming the world's third-largest automaker with Mitsubishi Motors also participating, to enhance competitiveness in the rapidly evolving electric vehicle market and compete with global leaders such as Toyota and Volkswagen.

Honda and Nissan to Merge, Forming World's Third-Largest Automaker

Japanese automakers Honda and Nissan plan to merge by August 2026, forming the world's third-largest automaker with Mitsubishi Motors also participating, to enhance competitiveness in the rapidly evolving electric vehicle market and compete with global leaders such as Toyota and Volkswagen.

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How will the merger impact the competitive landscape within the Japanese automotive sector?

The merger is driven by the need to compete with global giants like Toyota and Volkswagen, and address the challenges posed by new EV market entrants such as Tesla and BYD. By combining resources and expertise, the three Japanese companies aim to achieve economies of scale and accelerate their transition to electric vehicles. This consolidation reflects a broader industry trend.

dailymail.co.uk

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Dec 21, 22:08

Tesla Recalls 694,000 Vehicles Due to Faulty TPMS Software

Tesla recalled over 694,000 Model 3, Model Y, and Cybertruck vehicles due to a faulty software update causing the tire pressure monitoring system (TPMS) warning light to not illuminate consistently, increasing crash risk; a free over-the-air software update was issued.

Tesla Recalls 694,000 Vehicles Due to Faulty TPMS Software

Tesla recalled over 694,000 Model 3, Model Y, and Cybertruck vehicles due to a faulty software update causing the tire pressure monitoring system (TPMS) warning light to not illuminate consistently, increasing crash risk; a free over-the-air software update was issued.

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What is the immediate impact of Tesla's recall of nearly 700,000 vehicles due to a faulty TPMS software update?

Tesla issued a recall for over 694,000 Model 3, Model Y, and Cybertruck vehicles due to a faulty software update affecting the tire pressure monitoring system (TPMS). The update failed to meet NHTSA requirements, potentially leading to improperly inflated tires and increased crash risk. No accidents have been reported.

usa.chinadaily.com.cn

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Feb 11, 16:09

China's Automakers Accelerate Intelligent Driving Development

Chinese automakers are rapidly advancing intelligent driving technologies, with BYD leading the way through a record $4.56 billion R&D investment in 2024's first three quarters and the adoption of open-source AI models like DeepSeek to reduce costs and accelerate development, aiming for widespread a...

China's Automakers Accelerate Intelligent Driving Development

Chinese automakers are rapidly advancing intelligent driving technologies, with BYD leading the way through a record $4.56 billion R&D investment in 2024's first three quarters and the adoption of open-source AI models like DeepSeek to reduce costs and accelerate development, aiming for widespread a...

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How will the adoption of DeepSeek specifically impact the development and affordability of intelligent driving systems in China?

The integration of the open-source large language model DeepSeek is expected to accelerate the development and reduce the cost of intelligent driving systems, thereby increasing the penetration rate among carmakers and making the technology more accessible to consumers. This is evidenced by the adoption of DeepSeek by major players like BYD, Geely, and Dongfeng Motor.

forbes.com

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Feb 6, 01:10

IIHS Study: Larger Vehicles Pose Increased Crash Risk to Others

A new IIHS study reveals that while heavier vehicles generally offer better occupant protection, excessively heavy vehicles (over 4000 pounds) increase the risk of death or serious injury to occupants of smaller vehicles involved in crashes, highlighting a diminishing return on safety as vehicle wei...

IIHS Study: Larger Vehicles Pose Increased Crash Risk to Others

A new IIHS study reveals that while heavier vehicles generally offer better occupant protection, excessively heavy vehicles (over 4000 pounds) increase the risk of death or serious injury to occupants of smaller vehicles involved in crashes, highlighting a diminishing return on safety as vehicle wei...

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What are the long-term implications of this study for vehicle design and the future of automotive safety standards?

Future vehicle safety improvements must consider the systemic impact of vehicle weight. Automakers should prioritize designs that minimize the risk to occupants of all vehicle sizes, potentially through further advancements in crash compatibility and lighter materials in larger vehicles. The long-term trend necessitates a shift from emphasizing sheer size towards holistic safety solutions.

elmundo.es

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Jan 11, 19:09

Mazda 6e: All-Electric Sedan with Two Battery Options and Advanced Technology

Mazda launched its all-electric Mazda 6e, featuring a dedicated EV platform, two battery options (68.8 kWh and 80 kWh providing 479km and 552km range respectively), advanced technology like a 14.6-inch infotainment screen and augmented reality head-up display, and a spacious interior; however, it no...

Mazda 6e: All-Electric Sedan with Two Battery Options and Advanced Technology

Mazda launched its all-electric Mazda 6e, featuring a dedicated EV platform, two battery options (68.8 kWh and 80 kWh providing 479km and 552km range respectively), advanced technology like a 14.6-inch infotainment screen and augmented reality head-up display, and a spacious interior; however, it no...

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Why did Mazda choose not to include a plug-in hybrid version of the Mazda 6e, despite its availability in other markets?

Mazda's 6e signifies a strategic shift towards electrification, abandoning the unconventional design elements of the MX-30 in favor of a more conventional, market-friendly approach. The car's features, such as its spacious cabin and advanced technology, aim to attract a wider consumer base. However, the omission of a plug-in hybrid version, available in China, is a notable absence.

cnbc.com

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Dec 27, 16:11

Premarket Movers: Quantum Computing Stocks Surge, Honda Rises on Merger Talks

Premarket trading saw significant stock fluctuations: Quantum computing stocks (Rigetti +27%, D-Wave +5%, Quantum Computing +8%) surged; KULR Technology rose 11% after a $21 million Bitcoin purchase; Honda advanced on Nissan merger talks; Toyota and MicroStrategy also saw gains; GameStop fell; and R...

Premarket Movers: Quantum Computing Stocks Surge, Honda Rises on Merger Talks

Premarket trading saw significant stock fluctuations: Quantum computing stocks (Rigetti +27%, D-Wave +5%, Quantum Computing +8%) surged; KULR Technology rose 11% after a $21 million Bitcoin purchase; Honda advanced on Nissan merger talks; Toyota and MicroStrategy also saw gains; GameStop fell; and R...

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What were the most significant stock market movements before the bell, and what factors drove these changes?

Several companies saw significant stock price changes in premarket trading. Quantum computing stocks, including Rigetti (+27%), D-Wave Quantum (+5%), and Quantum Computing (+8%), surged, building on recent gains. KULR Technology Group also saw an 11%+ increase following a large Bitcoin purchase.

cnbc.com

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Dec 23, 22:08

Market Movers: Nordstrom Privatization, Novo Nordisk Rebound, and Tech MA

In midday trading, Nordstrom shares fell over 1% following its \$6.25 billion buyout, while Novo Nordisk shares rebounded after a previous drop; Honda surged over 11% on merger talks with Nissan; Xerox rose 7% on its Lexmark acquisition; Despegar.com soared 32% on Prosus's buyout; and Traws Pharma j...

Market Movers: Nordstrom Privatization, Novo Nordisk Rebound, and Tech MA

In midday trading, Nordstrom shares fell over 1% following its \$6.25 billion buyout, while Novo Nordisk shares rebounded after a previous drop; Honda surged over 11% on merger talks with Nissan; Xerox rose 7% on its Lexmark acquisition; Despegar.com soared 32% on Prosus's buyout; and Traws Pharma j...

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What were the immediate market reactions to Nordstrom's privatization and Novo Nordisk's drug trial results?

Nordstrom is going private in a \$6.25 billion deal with its founding family and El Puerto de Liverpool, offering shareholders \$24.25 per share. Novo Nordisk shares rebounded after Friday's 18% drop following disappointing weight-loss drug trial results.

africa.chinadaily.com.cn

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Dec 18, 07:07

EU's EV Quotas Push Automakers to Boost Sales

To avoid 15.7 billion euros in fines for failing to meet new EU quotas, European automakers are cutting EV prices, raising petrol car prices, pooling emissions, and planning new affordable models to boost EV sales to 20 percent by 2025.

EU's EV Quotas Push Automakers to Boost Sales

To avoid 15.7 billion euros in fines for failing to meet new EU quotas, European automakers are cutting EV prices, raising petrol car prices, pooling emissions, and planning new affordable models to boost EV sales to 20 percent by 2025.

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How are the pricing strategies of European automakers and emissions pooling impacting their efforts to meet the EU's EV sales targets?

To avoid penalties, manufacturers are employing various strategies such as price adjustments and emissions offsetting, highlighting the significant pressure to meet stringent EU regulations. This reflects a broader trend toward global EV adoption and the challenges automakers face in adapting.

Showing 25 to 36 of 64 results