Category: News Site

BlackRock promotes Susan Chan to APAC head, unveils China leadership

The world’s largest asset manager BlackRock on Friday promoted Susan Chan, its deputy head for Asia Pacific to lead the region, a company spokesperson confirmed to Reuters. Chan succeeds Rachel Lord, who took the APAC top job in 2021. Meanwhile, the $10 trillion asset manager unveiled its new China leadership, confirming Reuters report last week that Hua… Continue reading BlackRock promotes Susan Chan to APAC head, unveils China leadership

Revealed: India’s Top 25 utility vehicles in CY2023, Brezza pips Nexon to No. 1 SUV title

The charge of the utility vehicle (UV) battalion continued in CY2023 in the booming Indian passenger vehicle (PV) market and how. As per the data released by apex industry body SIAM on January 12, 2024, total sales of UVs (SUVs and MPVs) last year were 23,53,605 units, clocking handsome 22% growth (CY2022: 19,22,805 UVs). While… Continue reading Revealed: India’s Top 25 utility vehicles in CY2023, Brezza pips Nexon to No. 1 SUV title

Hertz Sells 20,000 Electric Cars After Being Burned by Tesla’s Price Cuts

The rental car company Hertz will be selling about one-third of the electric vehicles in its fleet after they lost value more quickly than expected, the company said on Thursday. The drop in value is a blow to the company’s efforts to replace gasoline vehicles with cars that do not produce tailpipe emissions. The electric… Continue reading Hertz Sells 20,000 Electric Cars After Being Burned by Tesla’s Price Cuts

TuSimple’s self-driving trucks up for auction following US exit

Ten of TuSimple’s autonomous big rigs are set to be auctioned off later this month, just a few weeks after the self-driving trucking startup that went public in 2021 announced it was exiting the U.S. market. The trucks, along with a slew of research and development equipment and office supplies, will be sold off in… Continue reading TuSimple’s self-driving trucks up for auction following US exit

Nissan is delaying EV production again at its Canton US plant

Nissan is once again delaying the start of EV production at its Canton, Miss facility. The delay is due to the need to “enhance product competitiveness.” Nissan delaying EV production in Canton (again) If you were waiting for the Nissan’s new electric sedans, you may have to wait a little longer. According to a supplier… Continue reading Nissan is delaying EV production again at its Canton US plant

The Nissan Ariya NISMO looks like a badge engineering cash-grab

Nissan has announced a new performance trim level of the Ariya at the Tokyo Auto Salon 2024 show this week: Meet the Ariya NISMO. It’s a more powerful, sporty, and body kit-clad version of the company’s only modern BEV offering and, for now, it will be limited to sale in the Japanese market. The Ariya… Continue reading The Nissan Ariya NISMO looks like a badge engineering cash-grab

Kia has its first customer for its funky Duplo-like EV: Uber

Kia’s new modular electric vehicle concept – that goes from micro-car to minivan to small truck to full-sized van – introduced at CES has its first customer: Uber. Kia and Uber have signed a memorandum of understanding to use Kia’s new vehicles for ride-hailing. Kia just launched the new Platform Beyond Vehicles (PBV) at CES… Continue reading Kia has its first customer for its funky Duplo-like EV: Uber

New Caterham Project V: all-electric concept heads to Japan

There have been periods in the past when Caterham has dabbled with the idea of models other than its iconic Seven. Take the 21 of the nineties, plus the stillborn mid-engined C120 sports car that was to share its make-up with the Alpine A110. And now, as the small British maker is entering the electric… Continue reading New Caterham Project V: all-electric concept heads to Japan

Tesla stock down on Red Sea delays, rising labor costs and price cuts

An employee of the Tesla Gigafactory Berlin-Brandenburg works on a production line of a Model Y electric vehicle. Patrick Pleul | Picture Alliance | Getty Images Shares of Tesla closed down more than 3% Friday as the stock faced pressure from supply chain delays due to a crisis in the Red Sea, and after offering… Continue reading Tesla stock down on Red Sea delays, rising labor costs and price cuts