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BUSINESS

  • Ford's Electric Future Struggles with $5.5 Billion Loss, Despite Boost in EV Sales Ford anticipates $5-$5.5 billion losses in its EV division this year, despite rising sales and plans for increased battery investments.
  • GM Puts the Gas-Powered Chevrolet Blazer to Rest, Shifting to Electric Future GM will discontinue the gas-powered Chevrolet Blazer, focusing on electric vehicles as part of its shift towards electrification.
  • Chevrolet Surpasses Hyundai and Kia in Groundbreaking Domestic Car Exports GM Korea's Chevrolet leads domestic car exports, with the Trax Crossover and Trailblazer achieving significant sales milestones.
  • Toyota Bets Big on China’s EV Future with $715 Million Lexus Plant Toyota plans to build an EV factory in Shanghai, signaling stronger China-Japan ties amid trade pressures and a focus on carbon neutrality.
  • Nikola Faces Bankruptcy: Once Dubbed 'Second Tesla,' Now Teetering on the Edge Nikola, once seen as a rival to Tesla, is facing bankruptcy as financial issues rise, leading to a significant drop in stock prices.
  • BMW iX Gets a Bold Update with M Sport Package and Increased Power BMW's new iX all-electric SAV features enhanced performance, bold design, and improved efficiency, set to launch in Q3 this year.
  • Lamborghini’s Revuelto Faces Recall: Oil Flange Issue Sparks Safety Concerns Lamborghini recalls Revuelto models over potential oil leakage and fire risks, highlighting safety concerns in supercars.
  • Sneak Peek: Tesla's Upcoming Model Y Facelift Takes Design to New Heights Tesla's refreshed Model Y prototype is set to launch in January, with production starting at the Shanghai Gigafactory.
  • Genesis GV60 Facelift: A Sportier, More Luxurious Electric SUV for 2025 The Genesis GV60, the brand's first electric SUV, has been revealed in a facelift and is a candidate for North American Car of the Year.
  • Mercedes-Benz E-Class Earns Top Safety Scores Across the Globe The Mercedes-Benz E-Class is named the safest vehicle of 2024 by Euro NCAP, excelling in safety ratings in Europe and South Korea.
  • Geely Launches PHEV Sedan Galaxy L6 EM-i in China: Boasts 60 MPG Fuel Economy Geely's new Galaxy L6 EM-i boasts excellent fuel efficiency and affordability, challenging global auto brands in the market.
  • Hyundai Ioniq 9 Pre-Orders Open, Offering a Larger, More Affordable Electric SUV Hyundai's Ioniq 9, a spacious and affordable electric SUV, begins pre-orders, promising competitive pricing and advanced features.
  • Volvo EX30: A Stunning Newcomer with Scandinavian Design and Cutting-Edge Technology Volvo's EX30 electric SUV showcases impressive range, minimalist design, and advanced safety features, all at an attractive price.
  • Hyundai Palisade Shines as February Car of the Month with Premium SUV Features The Hyundai Palisade wins "February Car of the Month" for its premium SUV features, spacious interior, and advanced safety technologies.
  • Tesla Faces a European Slump: Sales Down 60% in Germany Amid Controversy Tesla's sales in Europe plummeted in January 2025, particularly in Germany, due to brand issues linked to Elon Musk's political actions.
  • Genesis GV90 Spotted Undergoing Testing with Bold New Design Elements The Genesis GV90 SUV is seen testing with production camouflage, showcasing key design features and built on a new electric vehicle platform.
  • Ford Outpaces GM in Hands-Free Driving Market with Aggressive BlueCruise Rollout Ford's BlueCruise hands-free driving system leads the market with 675,000 vehicles, outpacing GM's Super Cruise due to broader availability.
  • Ioniq 5 Production Stalls at Hyundai Amid Growing Market Challenges Hyundai Motor will temporarily halt Ioniq 5 production due to low demand and increased costs, impacting both domestic and U.S. sales.
  • Kia’s Award-Winning EV9 Shines with Spacious Interior and Impressive Range Kia's EV9 wins Best Electric Vehicle of 2025, praised for its spacious design, long range, and competitive pricing, enhancing Kia's market position.
  • EU May Delay Full PHEV Ban After 2035 Amid Industry Pushback The EU may not fully ban plug-in hybrids post-2035, indicating a technology-neutral approach to climate goals amid industry pressure.
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