Volkswagen joins Tesla in accelerating China’s auto price war

SHANGHAI/HONG KONG — The price war has flared up once again in China’s auto market, as the Volkswagen Group jumps into the fray with other players dangling deep discounts to spur demand. A good number of customers were checking out vehicles at a SAIC Volkswagen Automotive dealership in Shanghai on a weekday in late August.… Continue reading Volkswagen joins Tesla in accelerating China’s auto price war

MotorDNA Unveils Cutting-Edge Insurance Marketplace: Revolutionizing Auto Dealerships and Auto Insurance Industry

ALPHARETTA, Ga., Aug. 29, 2023 /PRNewswire/ — MotorDNA, a trailblazing leader in providing analytics-ready vehicle build data, proudly introduces its groundbreaking product, the MotorDNA Insurance Marketplace.  With a visionary approach, this digital Marketplace connects auto dealerships, digital car-selling platforms, and insurance carriers, creating an ecosystem that transforms how insurance is quoted, purchased, and experienced during… Continue reading MotorDNA Unveils Cutting-Edge Insurance Marketplace: Revolutionizing Auto Dealerships and Auto Insurance Industry

Trials in fatal Tesla accidents

E-car pioneer and maker of the full self-driving autopilot Tesla is preparing for its first death-related trial. Tesla will have to defend himself in court for the first time against allegations that autopilot failure resulted in death. This is quite likely to be a major test of the Tesla system. There have been a few… Continue reading Trials in fatal Tesla accidents

Chinese EVs: Nio reports Q2 losses, BYD sees record deliveries

Shares of Chinese EV maker NIO are tumbling this morning after reporting wider-than-expect second-quarter losses. At the same time, rival EV manufacturer BYD (BYDDY) sees surging profits and record delivery figures. Yahoo Finance Live examines the impact of the price wars becoming more apparent in China’s EV market. Video Transcript BRAD SMITH: We’re switching gears… Continue reading Chinese EVs: Nio reports Q2 losses, BYD sees record deliveries

Chinese EVs: Nio reports Q2 losses, BYD sees record deliveries

Shares of Chinese EV maker NIO are tumbling this morning after reporting wider-than-expect second-quarter losses. At the same time, rival EV manufacturer BYD (BYDDY) sees surging profits and record delivery figures. Yahoo Finance Live examines the impact of the price wars becoming more apparent in China’s EV market. Video Transcript BRAD SMITH: We’re switching gears… Continue reading Chinese EVs: Nio reports Q2 losses, BYD sees record deliveries

BYD Powers Through China’s Auto Price War to Post Soaring Profit

(Bloomberg) — China’s top-selling auto brand withstood the price war raging in the country this year, with BYD Co. posting second-quarter profit that surged 145% and sending its shares climbing. Most Read from Bloomberg Net income more than doubled to 6.8 billion yuan ($930 million) after the company sold a record number of plug-in hybrid… Continue reading BYD Powers Through China’s Auto Price War to Post Soaring Profit

TONY STEWART, MATT HAGAN AND LEAH PRUETT GEAR UP FOR PRESTIGIOUS DODGE POWER BROKERS NHRA U.S. NATIONALS

INDIANAPOLIS, Aug. 29, 2023 /PRNewswire/ — There’s nothing like winning the Dodge Power Brokers NHRA U.S. Nationals, which stands alone as the pinnacle of drag racing. It’s a feeling Tony Stewart Racing’s Matt Hagan and Leah Pruett hope to enjoy at this weekend’s 69th annual spectacle at Lucas Oil Indianapolis Raceway Park, where it’s possible The… Continue reading TONY STEWART, MATT HAGAN AND LEAH PRUETT GEAR UP FOR PRESTIGIOUS DODGE POWER BROKERS NHRA U.S. NATIONALS

FirePoint Opens New Collaboration Facility Near Redstone Arsenal to Accelerate Army Aviation Innovation

Applied Innovation Center (AIC) Brings Together Emerging Technologies with the Army to Collaborate, Test & Deploy New Technology; Aerospace and Defense Industry Veteran Matthew Pfrommer Named Center Director HUNTSVILLE, Ala., Aug. 29, 2023 /PRNewswire/ — The FirePoint Innovations Center today marked the grand opening of its new Applied Innovation Center (AIC) in Huntsville, Alabama, a… Continue reading FirePoint Opens New Collaboration Facility Near Redstone Arsenal to Accelerate Army Aviation Innovation

Airport Sleeping Pods Market size to grow by USD 20.84 million from 2022 to 2027 | Benefits of Sleeping Pods to boost the market growth- Technavio

NEW YORK, Aug. 29, 2023 /PRNewswire/ — The airport sleeping pods market is expected to grow by USD 20.84 million from 2022 to 2027, progressing at a CAGR of 5.84% as per the latest Technavio market research report. Europe is going to have lucrative growth during the forecast period. About 37% of the market’s overall growth is expected to… Continue reading Airport Sleeping Pods Market size to grow by USD 20.84 million from 2022 to 2027 | Benefits of Sleeping Pods to boost the market growth- Technavio

China’s BYD H1 profit triples as deliveries break record

[1/2]Members of the press and the general public check out the Atto 3 electric SUV made by Chinese carmaker BYD, at the Fully Charged Live electric vehicle trade show in Farnborough, Britain, April 28, 2023. REUTERS/Nick Carey/File Photo Acquire Licensing Rights BEIJING, Aug 28 (Reuters) – China’s BYD Co Ltd (002594.SZ), on Monday said first-half… Continue reading China’s BYD H1 profit triples as deliveries break record