Andrew Merry | Moment | Getty Images DETROIT — The buzz around electric vehicles is wearing off. For years, the automotive industry has been in a state of EV euphoria. Automakers trotted out optimistic sales forecasts for electric models and announced ambitious targets for EV growth. Wall Street boosted valuations for legacy automakers and startup … Read more
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
Good morning! It’s Thursday, March 7, 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. 1st Gear: Arsonists Shut Down German Tesla Plant For Weeks Tesla’s Gigafactory in Germany isn’t expected to have … Read more
Good morning! It’s Tuesday, February 20, 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. Even EVs Can’t Get A Break From The Heat 1st Gear: European Carmakers Could Form Alliance To Fend … Read more
Volkswagen, like other car giants, are pushing heavily into AI to boost their technology credentials and make their cars smarter. Ismail Aslandag | Anadolu via Getty Images German automaker Volkswagen has established its own artificial intelligence lab, the company said Wednesday, reflecting growing ambitions from the car industry to adopt the buzzy technology. In a … Read more
LIANYUNGANG, CHINA – JANUARY 17, 2024 – A large number of cars are ready to be shipped for export at the port of Lianyungang, Jiangsu province, China, January 17, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images) Future Publishing | Future Publishing | Getty Images BEIJING — China failed to replace Japan as … Read more
The front seats of the Aito M9 SUV can be adjusted to create reclining chairs for the second row. Passengers can watch a movie on the roll-down projector screen while storing drinks in a refrigerator compartment. CNBC | Evelyn Cheng BEIJING — Hot competition in China’s electric car market is pushing local automakers to sell … Read more
Happy Wednesday! It’s December 27, 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. 1st Gear: VinFast Has A Dealership Now Most modern automakers are eyeing the direct-to-consumer route for selling … Read more
Convertibles are amazing, and some of the best cars of all time. Everyone loves to put the top down on a beautiful day. Well, except Daniel. Daniel Golson – 1991 Mercedes-Benz 300SL Image: Jalopnik This is my 1991 Mercedes-Benz 300SL, which I bought back in the spring of 2021 about a year after moving to … Read more
Elon Musk will definitely always be considered one of history’s top weird little guys, and 2023 has only served to cement his image. He managed to poorly run all of his companies, running Twitter (I will not call it X) into the ground, causing Tesla to lose ground in the EV race, allowing The Boring … Read more
