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… Continue reading A Porsche-backed startup is building a massive battery recycling plant to boost Europe’s EV industry
Author: CNBC Online news
The $100,000 electric truck market is here. A guide to pickups from Tesla, GM, Rivian and Ford
Fronts of the GMC Sierra Denali,Tesla Cybertruck and Ford F-150 Lightning EVs (left to right). Michael Wayland / CNBC DETROIT – Tesla, General Motors, Rivian Automotive and Ford Motor have created a new market in the U.S. automotive industry of pricey, powerful and precarious electric pickup trucks that sell for $100,000 or more. Just five years… Continue reading The $100,000 electric truck market is here. A guide to pickups from Tesla, GM, Rivian and Ford
Automakers are getting back into advertising’s biggest arena: NFL
Toyota’s “We Roll Deep Anthem” spot includes fans and NFL stars “setting off on an adrenaline-packed NFL adventure.” Screenshot Automakers are rushing back into advertising during the National Football League season after a slowdown in recent years. Toyota Motor Corporation, Hyundai Motor Company and the Detroit automakers are among those expected to capitalize on the… Continue reading Automakers are getting back into advertising’s biggest arena: NFL
Once the envy of the world, Germany’s car brands now weigh heavily on its struggling economy
New cars of various brands are parked for export on the parking of a car terminal at the harbour of Duisburg, western Germany, on August 7, 2024. Ina Fassbender | Afp | Getty Images Germany’s car industry was once recognized around the world for its high-quality, innovative internal combustion engine cars. Owning a German car… Continue reading Once the envy of the world, Germany’s car brands now weigh heavily on its struggling economy
Ford truck, hybrid models lead to 13% increase in August sales
A Ford Raptor pickup truck is displayed for sale at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty Images DETROIT — Ford Motor’s U.S. vehicle sales jumped 13.4% last month, led by increases in the company’s F-Series trucks and hybrid models. The Detroit automaker reported sales Thursday of nearly… Continue reading Ford truck, hybrid models lead to 13% increase in August sales
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A worker at a Volvo car store introduces the Volvo xc60 and other models via a live streaming in Shanghai, China, March 18, 2024. Cfoto | Future Publishing | Getty Images Volvo Cars on Thursday scaled back its margin and revenue targets, after announcing it was no longer targeting 100% all-electric vehicle sales by 2030.… Continue reading Untitled
Tesla says it will launch Full Self Driving product in Europe and China early next year
A Tesla Model S car equipped with Autopilot. David Paul Morris | Bloomberg | Getty Images Tesla said it will launch its “Full Self Driving” driver assistance product in Europe and China early next year. In a post on the X social media platform, Elon Musk’s electric vehicle company on Thursday said that the service… Continue reading Tesla says it will launch Full Self Driving product in Europe and China early next year
Sweden’s Volvo Cars scraps plan to sell only electric vehicles by 2030
Mikael Sjoberg | Bloomberg | Getty Images Swedish automaker Volvo Cars on Wednesday abandoned its near-term goal of selling only electric vehicles, citing a need to be “pragmatic and flexible” amid changing market conditions and cooling demand. Volvo Cars, which is owned by China’s Geely Holding, had been among the first legacy carmakers to promise… Continue reading Sweden’s Volvo Cars scraps plan to sell only electric vehicles by 2030
‘A declaration of bankruptcy’: Unions lash out as Volkswagen weighs possible German plant closures
Employees of German car maker Volkswagen (VW) protest at the start of a company’s general meeting in Wolfsburg, northern Germany, on September 4, 2024. Moritz Frankenberg | Afp | Getty Images Volkswagen‘s management went toe-to-toe with workers on Wednesday, outlining the need to take “joint responsibility” in a bid to turn things around at the… Continue reading ‘A declaration of bankruptcy’: Unions lash out as Volkswagen weighs possible German plant closures
Elon Musk’s Starlink says it will block X in Brazil to keep satellite internet active
Jaque Silva | SOPA Images | Lightrocket | Getty Images Starlink, the satellite internet service owned and operated by SpaceX, said it will block the social network X in Brazil to continue operations there without the threat of losing its license. Elon Musk owns both businesses. Brazil’s supreme court blocked X in the country after… Continue reading Elon Musk’s Starlink says it will block X in Brazil to keep satellite internet active