watch now By just about every measure, Tesla’s first-quarter earnings report on Tuesday was dreary. The company missed estimates on the top and bottom lines. Revenue fell by 9% year over year, the worst decline since 2012. Auto sales dropped 13% from the same period in 2023. Free cash flow turned negative. But CEO Elon Musk downplayed most… Continue reading Elon Musk is keeping investors’ dreams of a Tesla robotaxi alive
Category: US Motoring Press
Volvo Cars shares down 8% as first-quarter revenues fall
A Volvo EX30 fully electric EV Car is displayed during the Everything Electric London 2024 at ExCel on March 28, 2024 in London, England. John Keeble | Getty Images News | Getty Images Shares of Swedish automaker Volvo Cars fell more than 6% in early trade on Wednesday after a drop in first-quarter revenues. Revenue… Continue reading Volvo Cars shares down 8% as first-quarter revenues fall
China’s Xiaomi is selling more EVs than expected, raising hopes it can break even sooner
The Xiaomi SU7 on display at the Mobile World Congress 2024. Arjun Kharpal | CNBC BEIJING — Chinese smartphone company Xiaomi‘s new electric vehicle is selling better than expected, putting it closer to break-even despite undercutting Tesla‘s Model 3 on price. Xiaomi has received more than 70,000 orders for its electric SU7 sedan as of… Continue reading China’s Xiaomi is selling more EVs than expected, raising hopes it can break even sooner
Hyundai Motor Group Chairman Euisun Chung visits India amid IPO buzz
Amid buzz around the Initial Public Offering in India, the global CEO and Chairman of Hyundai Motor Group visited the country this week to review the local operations, Autocar Professional learns exclusively. Sources said, Chairman Euisun Chung and CEO Chang Jae-Hoon visited India and held a series of meetings in their Gurgaon office on Tuesday. Apart… Continue reading Hyundai Motor Group Chairman Euisun Chung visits India amid IPO buzz
Ultraviolette looks to expand operations in Middle East and Europe with Mach2 launch
A year after introducing the fastest F-77 electric superbike in 2022, Ultraviolette Automotive aims to expand operations in the Middle East, Brazil, and parts of Europe, anticipating strong demand of close to 1 lakh bookings, said senior company officials at the launch event held in Bengaluru. The company the Ultraviolette F77 Mach 2 at Rs… Continue reading Ultraviolette looks to expand operations in Middle East and Europe with Mach2 launch
Ultraviolette looks to expand operations in Middle East and Europe with Mach2 launch
A year after introducing the fastest F-77 electric superbike in 2022, Ultraviolette Automotive aims to expand operations in the Middle East, Brazil, and parts of Europe, anticipating strong demand of close to 1 lakh bookings, said senior company officials at the launch event held in Bengaluru. The company the Ultraviolette F77 Mach 2 at Rs… Continue reading Ultraviolette looks to expand operations in Middle East and Europe with Mach2 launch
Ford to build more EV software capability at Chennai tech hub
American automaker Ford, whch is known to be working on an affordable EV platform, is set to build more electric vehicle (EV) software capabilities at its Ford Business Solutions India operation, based in Chennai. This information is as per a tweet by TN Investment today. The Ford Global Technology and Business Centre (FGTBC), set up… Continue reading Ford to build more EV software capability at Chennai tech hub
New Aston Martin Vanquish spotted: range-topping grand-tourer prepares for launch
Aston Martin’s flagship has been spied testing once more and looks almost ready to take the fight to Ferrari in the front-engined supercar class. It could be called Vanquish or DBS, but we do know it’ll feature a bespoke exterior design to differentiate it from the rest of the Aston Martin range. Advertisement – Article… Continue reading New Aston Martin Vanquish spotted: range-topping grand-tourer prepares for launch
Ultra-exclusive new Range Rover SV Burford Edition inspired by a quaint Cotswold town
It might be a common sight in cities, but the Range Rover is an icon of the British countryside and now there’s a new model to reflect this status called the Range Rover SV Burford Edition. Land Rover says the new SV Burford Edition of its luxury SUV flagship “represents the pinnacle of Range Rover… Continue reading Ultra-exclusive new Range Rover SV Burford Edition inspired by a quaint Cotswold town
Wild Skoda supercar packs four electric motors and 1073bhp
Skoda has unveiled an outlandish electric single-seater concept for the Playstation racing game Gran Turismo. The Skoda Vision Gran Turismo is a totally unique four-wheel-drive racer, designed to “attract new fans” to the Skoda brand, according to CEO Klaus Zellmer. The digital racer gets a 268bhp electric motor on each wheel for a combined output of 1072bhp and… Continue reading Wild Skoda supercar packs four electric motors and 1073bhp