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BUSINESS

  • Hyundai Chairman Named Auto Industry Leader of 2023 in the U.S. Hyundai Motor Group's Chairman, Euisun Chung, was named Automotive Industry Leader of the Year by Automotive News for innovation and vision.
  • Florida Court Admits Tesla Driving Assistance System Defective Palm Beach County Judge acknowledges Tesla's flaws in driver assistance system, raises concerns about Autopilot terminology.
  • Inside the Britsh Royal's Exclusive Bentley: $12 Million Car that Carried Royalty President Yoon Suk Yeol and his wife ride in a Bentley state limousine during UK visit, previously owned by Queen Elizabeth II.
  • Lucid Motors Takes on Tesla with the Launch of Its New Electric SUV, Gravity Lucid Motors unveiled its large electric SUV called "Gravity" with impressive features, including a 710km range and aerodynamic design.
  • Hyundai and Kia Set New U.S. Sales Records for Ioniq 5 and EV6 In October 2023, Hyundai Ioniq 5 U.S. sales jumped 88% YoY to 2,979 units, while Kia's EV6 increased 30%, selling 1,542 units.
  • Elon Musk Drops Bombshell: Tesla's $27K Model 2 in the Work Tesla is reportedly working on a cheaper electric car model with a price tag of less than $27,000, aiming to make EVs more affordable.
  • November Tire Alert: Don't Be Part of the 99.9% – Replace Your Tires Now Winter tire care is essential for safe driving. Choose winter tires, replace all four, and check tire pressure regularly.
  • Gold Glove Winner Ha-Seong Kim's Impressive Car Collection Gold Glove-winning MLB player Ha-Seong Kim owns a luxurious car collection, featuring an Aston Martin, Mercedes G-Wagon, and Cadillac XT6.
  • The Prelude Is Back: Honda's Concept Car Promises a Thrilling Drive Ahead In October's Japan Mobility Show, Honda unveiled a concept car named 'Prelude,' reviving the iconic sports coupe for a global launch.
  • Global Electric Vehicle Sales Surge by 34% in October, Despite Market Predictions Global EV sales rose in October, driven by China, with BYD and Tesla performing well despite subsidy cuts.
  • Xiaomi Unveils Its First Electric Car: Check Out the Stunning Photos Chinese smartphone giant Xiaomi is unveiling its first electric vehicle, the SU7, produced by Beijing Automotive Industry Holding (BAIC).
  • BMW's Shocking Move: Internal Combustion Engine Production Heads to the UK and Austria BMW is moving internal combustion engine production from Germany to the UK and Austria while converting its Munich factory to EV production.
  • Hyundai Motor America Revs Up Factory Workers' Pay: 28% Raise by 2028 Hyundai Motor America plans to increase factory workers' wages by 25% by 2028, following similar moves by Honda and Toyota.
  • Porsche's Latest Turbo Model Sets a New Standard in Distinctive Design Porsche introduces Turbo Night Metallic color exclusively for its turbo models, enhancing their unique and elegant design with gold accents.
  • NASA Recognizes Canoo's American Bulldog Pickup Truck as the Future of Electric Mobility Electric vehicle startup Canoo introduces the American Bulldog EV pickup, offering over 500 horsepower and use in the U.S. Army.
  • From Bankruptcy to Buyout: Volvo Acquires Proterra's Battery Operations in the US Volvo Group is acquiring Proterra's battery business for $210 million, expanding its electric vehicle capabilities.
  • Volkswagen's Electric Game-Changer: Affordable Electric Car Set to Hit U.S. Market Volkswagen plans to launch a sub-$35,000 electric vehicle in the U.S. within 3-4 years, exploring local battery sourcing for tax incentives.
  • Chinese EV Brand Zeekr Gears Up for Big NYSE Debut Zeekr, Geely's premium EV brand, seeks New York Stock Exchange IPO, aiming to join other Chinese electric vehicle firms listed in the U.S.
  • Electric Car Alert: Tips to Prevent and Respond to Battery Fires Prevent electric car battery fires: after collisions, or puddles, report fires to the fire department with vehicle details.
  • Tesla Announces Price Hike for Model 3 and Model Y in China Tesla plans to increase prices of long-range Model 3 and Model Y in China on Nov 9, 2023, possibly to boost sales before the hike.
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