Toyota’s CEO To Step Down As New Chief Will Remodel Automaker

Toyota’s CEO To Step Down As New Chief Will Remodel Automaker

Akio Toyoda, the CEO of Toyota Motor Corporation and grandson of the company’s founder, is stepping down after leading the world’s largest automaker for 14 years, according to Nikkei Asia. Chief Branding Officer Koji Sato will replace Akio Toyoda on April...
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88% Of New Cars Sold In Norway Are EVs And PHEV

88% Of New Cars Sold In Norway Are EVs And PHEV

According to the Norwegian Road Federation (OFV), electric cars accounted for 79 percent of new passenger car registrations in 2022, and 87 percent when including plug-in hybrids. For some contrast in the United States, electric vehicles excluding hybrids ac...
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Volkswagen Group CEO: High Energy Cost Make New EV Plants “Unfeasible”

Volkswagen Group CEO: High Energy Cost Make New EV Plants “Unfeasible”

Incentives to buy an EV are starting to vaporize into thin air in places like Japan and the U.K. Now, the irony continues, as rising costs of energy in Europe, helped along by “green” energy policies, are making industrial projects...
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BYD sets prices for EV models intended for Europe

BYD sets prices for EV models intended for Europe

Chinese giant BYD, seeking to fast establish a name in Europe, disclosed tentative prices  for three full-electric passenger vehicles to be delivered in six European countries. The Atto 3, a compact crossover, will be sold for 38,000 euros. Two midsize model...
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KIA’s New EV Is Faster Than a Corvette

KIA’s New EV Is Faster Than a Corvette

KIA unveiled the muscular version of its already fairly powerful EV6 electric car on Friday during Monterey Car Week, the largest auto show in the US The EV6 was already available with 320 horsepower in the GT-Line AWD, but the...
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Stellantis Sentenced for Cheating Diesel Emissions in Jeeps and Rams

Stellantis Sentenced for Cheating Diesel Emissions in Jeeps and Rams

The company will pay $300 million in criminal charges, in addition to an earlier $500 million in civil penalties and class-action owner compensation. On Monday, the American arm of the company — what used to be FCA US — was...
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Tesla’s April Sales In China Implode, Fall 98% Sequentially,

Tesla’s April Sales In China Implode, Fall 98% Sequentially,

TSLA’s market share in China’s domestic EV market has been on a steady decline since peaking at 16.8% in 1Q20 (it came in at 10.2% in 1Q22, down -660bps from the peak). Stated differently, it is our opinion for TSLA...
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BMW, VW, Skoda Suspend Manufacturing

BMW, VW, Skoda Suspend Manufacturing

European automobile manufacturers are suspending the operation of a number of plants due to a shortage of parts delivered from Ukraine. “The problem with wire harnesses is that they are fundamental,” Alexandre Marian, a managing director at consult...
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Ford’s market cap tops $100 billion for first time ever

Ford’s market cap tops $100 billion for first time ever

  Ford’s market value topped $100 billion for the first time ever, as the automaker’s stock hit a new 52-week high Thursday. The gains have been fueled by Ford’s plans to increase production of electric vehicles, including the Mustang Mach-E crosso...
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2022 Mazda CX-50 debuts

2022 Mazda CX-50 debuts

Mazda just unveiled the newest member of its growing family of SUVs. Meet the new 2022 Mazda CX-50, with a focus on off-road performance. The CX-50 is visually and, presumably, physically taller than the CX-5 — Mazda hasn’t released detailed spec...
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Biden Administration Targets 50% Of Entire Auto Fleet To Be Electric By 2030

Biden Administration Targets 50% Of Entire Auto Fleet To Be Electric By 2030

In continuing one of the largest government subsidized shifts to the auto industry ever forced upon manufacturers and customers, the Biden administration is now reportedly targeting 2030 to have 50% of the auto fleet on the road electric. On Thursday...
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Infrastructure Bill Mandates Drunk-Driver Detectors For New Cars

Infrastructure Bill Mandates Drunk-Driver Detectors For New Cars

The $1 trillion infrastructure bill – a bipartisan 2,702-page bill that has been locked in negotiations for months between Democrats and Republicans will mandate all new vehicles must have the technology to detect drunk drivers and alert systems to ch...
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Tata Motors Q1 results: Consolidated net loss narrows to ₹4,451 cr

Tata Motors Q1 results: Consolidated net loss narrows to ₹4,451 cr

Auto major Tata Motors’ consolidated net loss for the quarter ended 30 June, 2021 narrowed to ₹4,450.92 crore as compared to net loss of ₹8,437.99 crore in the year-ago period. The automaker’s total revenue came at ₹66,406.05 crore during ...
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False Rumor: KIA Reportedly Prepping Apple Car In U.S.

False Rumor: KIA Reportedly Prepping Apple Car In U.S.

KIA is apparently preparing to build an Apple car in the United States. The legacy automaker has reportedly “approached potential partners about a plan to assemble Apple Inc.’s long-awaited electric car in Georgia,” according to Dow Jones. T...
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Daimler said to be considering a 2021 stock listing of truck division

Daimler said to be considering a 2021 stock listing of truck division

aimler AG is planning an initial public offering (IPO) of Daimler Trucks in late 2021, the German newspaper Handelsblatt reported Tuesday. Stuttgart-based Daimler AG is the parent company of Daimler Trucks and Mercedes-Benz autos. The newspaper said Daimler wa...
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