Good morning! It’s Tuesday, June 18, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Reggie Watts Is A Big Porsche Fan | Jalopnik Chats 1st Gear: Fisker Files For Chapter 11 Bankruptcy. … Read more
South Australian concession card holders will receive a $243.90 cost-of-living payment into their bank accounts by the end of the week. More than 210,000 South Australians will receive the payment announced under the state budget if they are a low-income earner, have a concession card or receive some Centrelink payments. The money will be paid … Read more
Ford’s EV plans haven’t exactly gone according to, well, plan. Late last year, Ford started to rethink the billions it poured into EVs as sales started to slow and scaled back its European EV plans. Then the company revealed that it loses over six figures on each EV it sales. Then the automaker announced it … Read more
The Reserve Bank of Australia announced on Tuesday that interest rates will again be held at 4.35 per cent, as the economy remains sluggish. The cash rate has idled on the same figure following the three RBA decisions already made this year. Interest rates last budged in November 2023, when they were hiked up from … Read more
You probably haven’t seen a Vinfast on the street yet. They’re around though, at least they are here in California. Some buyers, it seems, have decided to give the Vietnamese automaker a chance and actually buy one, despite the cars not being ready for prime time. Those buyers may have put themselves into a shaky … Read more
The convenience of tapping your card instead of inserting or swiping could be costing Australians up to $1 billion a year in surcharges, with many unaware about the “hidden fees” behind the simple act. Most of us now tap our cards to pay for goods and services without a second thought — the modern way … Read more
Former reality star and TV journalist Georgia Love is closing down her sleepwear brand Georgia Elliott just four years after launching it. Created by Love and fellow business owner Jessica Goodear, the brand’s closure was announced on Sunday, along with a closing-down sale. “It’s with many mixed emotions I’ve decided it’s time to say goodnight … Read more
Retirement dreams may be drifting further out of reach for Australians, with experts warning we may need to rethink our plans for the golden years. Working mum Jodie Imam is among those who no longer sees herself as heading towards a traditional retirement. WATCH THE VIDEO ABOVE: Aussie workers worried they’ll run out of money … Read more
Tech billionaire Elon Musk (L) arrives to inaugurate satellite unit Starlink at a community health center in Denpasar on Indonesia’s resort island of Bali on May 19, 2024. Photo: SONNY TUMBELAKA / AFP (Getty Images) Tesla CEO Elon Musk recently dropped a lawsuit he had filed against OpenAI, the creator of ChatGPT, and though Musky … Read more
It seems like 1,000 years since Tesla began the drive to return Elon Musk’s $56 billion — sorry, $45 billion now that shares have dropped — payday, after it was struck down as “unfathomable” by a Delaware court. As of yesterday, the tally is finally in: Tesla investors want the CEO to get every single … Read more
