Porsche-backed Cylib breaks ground on huge EV battery recycling plant

Porsche-backed Cylib breaks ground on huge EV battery recycling plant

Cylib, a startup backed by Porsche and Bosch, is building a huge electric vehicle battery recycling facility in Dormagen, a town in Germany’s North Rhine-Westphalia region. Cylib A massive battery recycling plant is being built in Germany by Cylib, a startup looking to reduce waste from EV batteries that have reached the end of their … Read more

Chrysler Heir Wants To Save The Brand From Stellantis

Chrysler Heir Wants To Save The Brand From Stellantis

Good morning! It’s Wednesday, August 28, 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. The Property Brothers First Car Literally Spoke To Them 1st Gear: Walter P. Chrysler’s Heir Wants To Buy … Read more

Ford Backs Down On DEI Initiatives

Ford Backs Down On DEI Initiatives

Good morning! It’s Thursday, August 29, 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. What Is The Most American Car? | Jalopinions 1st Gear: Ford Panders To Right By Cutting DEI Policies … Read more

Porsche Will Sell You A $5,000 Midcentury-Inspired Limited Edition Armchair

Porsche Will Sell You A ,000 Midcentury-Inspired Limited Edition Armchair

Porsche’s Pepita houndstooth pattern cloth has a long history of cosseting the backsides of P-car drivers, having been used in its interiors since the mid-1960s. The pattern is inextricably linked to Porsche history. Likewise, furniture design owes much of what it is today to Ray and Charles Eames. Back in 1948, the Eames brothers developed a … Read more

Porsche warns of fall in profitability but hikes dividend on strong 2023 results

Porsche warns of fall in profitability but hikes dividend on strong 2023 results

The Porsche Mission X on display at the IAA Mobility 2023 show in Munich, Germany. Arjun Kharpal | CNBC Porsche on Tuesday warned that profitability will decline this year as it launches new models amid tough economic conditions, but hiked its dividend on the back of a rise in 2023 operating profit. The German luxury … Read more

BYD produced more than 3 million cars in 2023, set to beat Tesla

BYD produced more than 3 million cars in 2023, set to beat Tesla

BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479). Arjun Kharpal | CNBC BEIJING — BYD said Monday it produced more than 3 million new energy vehicles in 2023, putting the Chinese electric car giant on track to … Read more

2024 Might Finally Be A Good Year For Car Buyers

2024 Might Finally Be A Good Year For Car Buyers

Happy Tuesday! It’s December 26, 2023, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here are the important stories you need to know. Ed Begley Jr. On The Past And Present Of Electric Vehicles 1st Gear: 2024 Will Be A … Read more