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BUSINESS

  • 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.
  • China's EV Startups: Can NIO, Xpeng, and Li Auto Regain Momentum in 2024? Chinese EV startups NIO, Xpeng, and Li Auto reportedly missed their sales targets for 2023, with varying performance and ambitious goals.
  • Tesla's $25,000 Electric Car to Be Built at Gigafactory Berlin Tesla plans to produce its $25,000 budget-friendly electric vehicle in Gigafactory Berlin, expanding its production locations for the model.
  • Jeep's Shocking News: Wrangler and Grand Cherokee Go Electric Stellantis is investing $19 billion by 2028 in electric vehicle development, including electric Jeep Wrangler and Grand Cherokee.
  • More Electric Volvos on American Roads? U.S. Plant Expansion in Sight Volvo mulls U.S. EV production expansion, possibly in Charleston, SC, to leverage tax deductions amid inflation reduction policies.
  • Ferrari to Accelerate Electric Car Plans, Launching First EV in Q4 2025 Ferrari accelerates electric car plans, targeting a Q4 2025 launch for its first BEV with a racing-inspired focus.
  • China's New Energy Vehicle Market Gears Up for 32% Sales Increase in October Wholesale sales of new energy vehicles in China for October are estimated to have increased by 32% compared to last year.
  • Japan's First Level 4 Autonomous Vehicle Collides With Bicycle, Operations Halted Japan's first Level 4 autonomous vehicle collided with a bicycle, prompting a suspension of operations for investigation.
  • Tesla's Market Capitalization Targets $4 Trillion, Elon Musk Declares Elon Musk has stated that Tesla's value could reach $4 trillion, emphasizing that Tesla is more than just a car or battery company.
  • Shocking Decline: Elon Musk's X Loses $25 Billion in Value in Just a Year Elon Musk's management of the social media platform X (formerly Twitter) led to a 55% value drop, now at $25 billion.
  • California Sees Huge Surge in Electric Car Sales – What's Driving the Trend? California's electric vehicle market share rose to 22.3% in Q3, a significant increase from 9% in 2021 and 17% in 2022.
  • Blackpink's Jisoo: Is She a Lamborghini Owner? The Car Speculation Buzz Speculation arises about Blackpink's Jisoo owning a Lamborghini due to Lamborghini Seoul's social media following patterns.
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