Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Chinese electric vehicle maker Nio lost $835.1 million in the second quarter, more than twice its year-ago loss as deliveries of its upscale EVs slipped amid a… Continue reading Nio reports wider second-quarter loss amid China slowdown and product line revamp
Category: US Motoring Press
GM, Google exploring ways to use AI across automaker’s business
The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, March 16, 2021. Rebecca Cook | Reuters DETROIT – General Motors is working with Google to explore opportunities to implement AI technologies across the automaker’s business, the companies announced Tuesday. The broad partnership around generative, or conversational, AI between… Continue reading GM, Google exploring ways to use AI across automaker’s business
Shares of BYD jump after Chinese EV maker posts 200% surge in first half profit
A BYD ATTO 3 is displayed during the British Motor Show at Farnborough International Exhibition Centre on August 17, 2023 in Farnborough, England. John Keeble | Getty Images News | Getty Images Shares of Chinese automaker BYD listed in China jump more than 5% Tuesday, a day after posting a stellar jump in first half… Continue reading Shares of BYD jump after Chinese EV maker posts 200% surge in first half profit
X, formerly Twitter, faces 2,200 arbitration cases and filing fees over $3 million
In this photo illustration, the new Twitter logo rebranded as X (X Corp.) is seen on a smartphone and Elon Musk Twitter account with the new X logo on a pc screen. Pavlo Gonchar | Lightrocket | Getty Images X, the social network formerly known as Twitter, is facing 2,200 arbitration cases that ex-employees filed… Continue reading X, formerly Twitter, faces 2,200 arbitration cases and filing fees over $3 million
Canada’s Unifor autoworkers union selects Ford as lead company in negotiations
Unifor, the union representing some 18,000 Detroit Three autoworkers in Canada, said Tuesday it has selected Ford Motor Co. as the lead company with which it will bargain to pattern contracts with the other automakers. “I’ve concluded that the best opportunity for our union’s 18,000 members in the auto sector to achieve our bargaining objective… Continue reading Canada’s Unifor autoworkers union selects Ford as lead company in negotiations
All assembly lines at Toyota’s auto plants in Japan have been shut down by computer problems
Tokyo — All 28 vehicle assembly lines at Toyota’s 14 auto plants in Japan shut down Tuesday over a problem in its computer system that deals with incoming auto parts. The automaker doesn’t believe the problem was caused by a cyberattack but the cause is still under investigation, said spokeswoman Sawako Takeda. Toyota said later… Continue reading All assembly lines at Toyota’s auto plants in Japan have been shut down by computer problems
Hero MotoCorp set to have portfolio of half a dozen premium bikes
As part of its strategy to participate in the growing premium motorcycle market, Hero MotoCorp, the country’s largest two-wheeler maker plans to have a product portfolio of more than half a dozen premium bikes. Having a modest presence so far with its Xtreme and XPulse bikes, Hero MotoCorp gave rebirth to its popular sports bike… Continue reading Hero MotoCorp set to have portfolio of half a dozen premium bikes
Tata Motors Body Solutions posts third straight year of losses, increases focus on EVs
Tata Motors Body Solutions Ltd., a part of Mumbai-based Tata Motors, reported a net loss of Rs 24.88 crore for the fiscal year ended March 2023. This is the third consecutive year that the company has reported a loss. Revenues for the year increased 87.8% to Rs 784.80 crore, but this was not enough to… Continue reading Tata Motors Body Solutions posts third straight year of losses, increases focus on EVs
New Lotus Emeya electric ‘hyper-GT’ to be revealed on 7 September
Lotus’s long-awaited electric super-saloon has officially been named the Emeya ahead of a full reveal on 7 September. Previously known by its codename, Type 133, and at one point erroneously associated with the Envya nameplate, the Porsche Taycan rival has been previewed in a new video that confirms it will feature a wraparound LED rear light… Continue reading New Lotus Emeya electric ‘hyper-GT’ to be revealed on 7 September
2024 Skoda Superb gains total interior overhaul with rotary dials
They will all be sold alongside a new-look EV offering that will include an Octavia-sized electric estate, a £22,000 entry-level compact urban crossover, an SUV called the Elroq, a production version of the Vision 7S SUV concept and the Skoda Enyaq iV. Arriving next year, the Superb will get fresh exterior looks, improved technologies and… Continue reading 2024 Skoda Superb gains total interior overhaul with rotary dials