Kia Corporation has announced global sales of 768,251 units in the 2023 first-quarter (January-March 2023), up 12% year on year (Q1 2022: 685,738 units). Quarterly revenue was KRW 23.69 trillion with an operating profit of KRW 2.87 trillion, an increase of 29.1% and 78.9% respectively. Kia also recorded a net profit of KRW 2.12 trillion,… Continue reading Kia global sales rise 12% to 768,251 units in Q1 2023, India share 10%
Category: US Motoring Press
Lotus Eletre chases level four autonomy with integrated lidar sensors
The Lotus Eletre is packed with technical highlights, including one that is set to enable the brand’s pioneering move into autonomous operation. The new SUV will be one of the first cars in the UK to feature multiple lidar sensors – two of which will deploy out of the front wings when they are in… Continue reading Lotus Eletre chases level four autonomy with integrated lidar sensors
Electric Range Rover Classic gets 200-mile range for £225,000
British restomod firm Inverted has launched a £225,000 electrified Range Rover Classic, touting an overhauled drivetrain, fast-charging capability and extensive use of sustainable production techniques. Limited to a yearly production run of six cars, the “sensitively restored” classic 4×4 is the first to be converted to electric power using an 80kWh Tesla battery and restored… Continue reading Electric Range Rover Classic gets 200-mile range for £225,000
Jennifer Hudson surprises deaf family from Ford ad with new Mustang Mach-E
Jennifer Hudson saw the Ford ad and it captured her attention. Not so much the Mustang Mach-E but, instead, the people inside the electric SUV. The 30-second spot that first aired in February featured mom and son Arlene Ngalle and Darien Lopez of Austin, Texas, who are both deaf, signing to each other as the… Continue reading Jennifer Hudson surprises deaf family from Ford ad with new Mustang Mach-E
EV battery startup, UAW reach agreement as company plans big California plant
The UAW has inked an agreement with Sparkz, an electric vehicle battery maker startup, signaling the company won’t hinder unionization efforts as the company makes plans for a new facility in California. The deal marks the second agreement between Sparkz, which is based in Livermore, California, and a major U.S. union and signals a willingness… Continue reading EV battery startup, UAW reach agreement as company plans big California plant
Shelby American to make unique Mustang Mach-E GTs — but you won’t be able to buy them in US
Carroll Shelby would have celebrated his centennial birthday this year, and his family and friends wanted to do something special to honor the memory of the legendary automotive designer and racing driver. On Wednesday, Gary Patterson, president of Shelby American, announced the company will “chart a new path” with plans to create 100 all-electric Shelby… Continue reading Shelby American to make unique Mustang Mach-E GTs — but you won’t be able to buy them in US
Bosch to acquire US chipmaker TSI Semiconductors, invest $1.5 billion in plant
Auto supplier Bosch, which has its mobility solutions team headquartered in Farmington Hills, said Wednesday it plans to buy the assets of the U.S. chipmaker TSI Semiconductors so it can expand its semiconductor business with silicon carbide chips. TSI Semiconductors is based in Roseville, California, and employs 250 people who develop and produce large volumes of… Continue reading Bosch to acquire US chipmaker TSI Semiconductors, invest $1.5 billion in plant
New EV fast charger made in Auburn Hills uses gas pump design for familiar experience
One of the notable things about the EV fast charger on display at a factory in Auburn Hills on Tuesday was how its design seemed to borrow from the familiarity of a gas pump even as its mission is tied to an electrified future. The unit featured two chargers with long extendable cables, overhead lighting… Continue reading New EV fast charger made in Auburn Hills uses gas pump design for familiar experience
Chrysler parent Stellantis offering buyouts to 33,500 U.S. employees
Carlos Tavares, Chief Executive Officer of Stellantis, poses during a presentation at the New York International Auto Show, in Manhattan, New York City, April 5, 2023. David Dee Delgado | Reuters DETROIT — Stellantis is offering voluntary buyouts to about 33,500 U.S. employees, as the global automaker attempts to cut costs and head count. The… Continue reading Chrysler parent Stellantis offering buyouts to 33,500 U.S. employees
Electric car sales surged by 55% last year to surpass 10 million, and China led the way: IEA
Electric vehicles from Tesla photographed in China. The world’s second largest economy is a major player when it comes to the sale of electric vehicles. Vcg | Visual China Group | Getty Images Electric car sales jumped to more than 10 million last year, with China accounting for roughly 60% of the market, according to… Continue reading Electric car sales surged by 55% last year to surpass 10 million, and China led the way: IEA