Global semiconductor company Infineon Technologies AG has broken ground for a new chip manufacturing plant in Dresden, Germany. EU Commission President Ursula von der Leyen, German Federal Chancellor Olaf Scholz, Saxony’s Prime Minister Michael Kretschmer and Dresden’s Mayor Dirk Hilbert symbolically launched construction work together with Infineon CEO Jochen Hanebeck yesterday. With an investment volume… Continue reading Infineon breaks ground on 5 billion-euro semiconductor plant in Germany
Category: US Motoring Press
From the archive: on this day in 1970
In a monumental effort, we gathered all the sports cars and GTs on sale for a mega-test at a stormy Silverstone. Well, all apart from those of Ferrari, Maserati and Lamborghini (too arrogant), Lancia and Mercedes-Benz (busy) and Morgan (forgetful). Category one of six was exotic GTs. Aston Martin’s DB6 and DBS worked wonders and… Continue reading From the archive: on this day in 1970
Autocar magazine 3 May: on sale now
This week in Autocar, we cover Lotus’s trio of upcoming Porsche rivals, drive the Rimac Nevera and ask the leaders of charging companies about the state of their infrastructure. News Lotus is gearing up to rival the Porsche Taycan, Macan and Boxster with the Type 133 saloon, Type 134 SUV and Type 135 sports car… Continue reading Autocar magazine 3 May: on sale now
Hyundai Venue drives past 400,000 sales in 47 months since launch
Hyundai Venue drives past 400,000 sales in 47 months since launch Hyundai Motor India’s first-ever compact SUV – the Venue – has driven past 400,000-unit sales in the Indian market. The milestone comes 47 months after the Venue was launched on May 21, 2019. As of end-March 2023, the Venue has clocked cumulative sales of… Continue reading Hyundai Venue drives past 400,000 sales in 47 months since launch
Zoomcar turns unit-profitable with new business model, to expand fleet to 60,000 cars in 2023
Zoomcar turns unit-profitable with new business model, to expand fleet to 60,000 cars in 2023 Bengaluru-headquartered self-drive rental start-up Zoomcar, which has transitioned to an asset-light, marketplace model where individuals are free to list their personal cars on its digital platform, has achieved unit profitability with this move. As a result, it now aims to… Continue reading Zoomcar turns unit-profitable with new business model, to expand fleet to 60,000 cars in 2023
Ford shows profits in first quarter, reveals EV losses
For the first time in its 120-year history, Ford Motor Co. reported quarterly earnings Tuesday by its three key business units instead of by regions, such as North America, in an attempt to show investors how the company is preparing for more aggressive competition as the industry moves into all-electric vehicles. Ford CEO Jim Farley… Continue reading Ford shows profits in first quarter, reveals EV losses
Ford shows profits in first quarter, reveals EV losses
For the first time in its 120-year history, Ford Motor Co. reported quarterly earnings Tuesday by its three key business units instead of by regions, such as North America, in an attempt to show investors how the company is preparing for more aggressive competition as the industry moves into all-electric vehicles. Ford CEO Jim Farley… Continue reading Ford shows profits in first quarter, reveals EV losses
Apple co-founder Steve Wozniak has harsh words about Tesla on CNN broadcast
Apple co-founder Steve Wozniak gave the “CNN This Morning” crew an unexpected laugh Tuesday when he offered some off-hand commentary on Tesla’s Autopilot struggles during an interview focused on recent news about artificial intelligence. Wozniak, asked by co-host Kaitlan Collins if he ever talks to Tesla CEO Elon Musk, said he’d never met Musk but… Continue reading Apple co-founder Steve Wozniak has harsh words about Tesla on CNN broadcast
GM names Rory Harvey new president of North America, announces other executive changes
The man who runs General Motors’ most profitable region — North America — will retire and be replaced by the head of Cadillac. GM announced Tuesday that Steve Carlisle, 61, will retire after 41 years with the company. Carlisle will be replaced by Rory Harvey, 55, who is vice president of Global Cadillac effective June… Continue reading GM names Rory Harvey new president of North America, announces other executive changes
Ford to cut price on Mustang Mach-E SUV again — as Tesla Model Y gets pricier
Ford Motor Co. announced Tuesday its plan to cut prices (again) on the Mustang Mach-E SUV just as rival Tesla increased prices while the companies fight for market share in the rapidly growing electric vehicle market. The news from Dearborn came on the eve of the automaker’s reopening Mach-E order banks after a massive factory… Continue reading Ford to cut price on Mustang Mach-E SUV again — as Tesla Model Y gets pricier