Volkswagen revs up electrification shift to deepen China presence

A Volkswagen charging station is displayed at the Auto Shanghai show, in Shanghai, China, on April 18, 2023. [Photo/Agencies] TIANJIN – German carmaker Volkswagen Group is revving up its electrification transformation in a bid to expand its presence in the Chinese market. “With a resilient market position, we are laying the foundation to further accelerate… Continue reading Volkswagen revs up electrification shift to deepen China presence

Authorities Warn Residents to Stay Indoors as Lioness Escapes

“Around midnight we received a notification that we couldn’t believe.” Loose Lioness Residents of a small town southwest of Berlin, Germany are being told to stay indoors over reports of a “loose, dangerous animal” roaming the area — reportedly an escaped lioness. As The Guardian reports, a frantic search is underway, with helicopters, drones, and… Continue reading Authorities Warn Residents to Stay Indoors as Lioness Escapes

BYD, Li Auto Smash Foreign Rivals During Price War

(Bloomberg) — China’s electric-vehicle makers are defying an unprecedented price war with their share gains trouncing foreign rivals, and analysts say the rally may run further thanks to a stronger pipeline of new products. Most Read from Bloomberg Li Auto Inc. delivered more than 30,000 units for the first time in June, a 150% increase… Continue reading BYD, Li Auto Smash Foreign Rivals During Price War

Global Rental Car Market to Witness Strong Growth with a CAGR of 6.7% by 2030: Driven by Rising Business and Leisure Trips and Technological Advancements

DUBLIN, July 20, 2023 /PRNewswire/ — The “Rental Car Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine War” report has been added to  ResearchAndMarkets.com’s offering. The global rental car market is expected to grow at a CAGR of around 6.7% during 2023-2030. This report on global rental car… Continue reading Global Rental Car Market to Witness Strong Growth with a CAGR of 6.7% by 2030: Driven by Rising Business and Leisure Trips and Technological Advancements

Norfolk Southern announces board appointments

ATLANTA, July 20, 2023 /PRNewswire/ — Norfolk Southern Corporation (NYSE: NSC) announced Thursday the addition of two new independent directors to its board of directors and a series of corporate governance updates. Board AppointmentsThe company has appointed Admiral Philip Davidson, U.S. Navy (Ret.) and Francesca DeBiase to the board, effective immediately. Davidson will serve on… Continue reading Norfolk Southern announces board appointments

Musk open to price cuts as Tesla bets on self-driving future

July 20 (Reuters) – Elon Musk is prioritizing sales over profits in hopes that Tesla’s elusive full self-driving software would eventually burnish margins, a plan that could deepen an already fierce price war in the electric-vehicle industry. Shares of the automaker (TSLA.O) fell 3% before the bell on Thursday after Musk signaled there might not… Continue reading Musk open to price cuts as Tesla bets on self-driving future

THG Announces Partnership with Mansion Entertainment Group to Develop American Heartland Theme Park: Unveiling an All-New, Groundbreaking Destination

Renowned Creative Agency THG Collaborates with Mansion Entertainment Group and Additional Experts to Create an Unforgettable Amusement Park Experience From The Ground Up in Vinita, Oklahoma VINITA, Okla., July 20, 2023 /PRNewswire/ — THG, an independent creative agency specializing in creating awe-inspiring attractions for theme parks, museums, and leading brands, is proud to present its latest… Continue reading THG Announces Partnership with Mansion Entertainment Group to Develop American Heartland Theme Park: Unveiling an All-New, Groundbreaking Destination

The Directed Energy Weapons Market is to grow by 19.16% from 2022 to 2027|Airbus SE, BAE Systems Plc, Cobham Ltd., and more to emerge as key players- Technavio

NEW YORK, July 20, 2023 /PRNewswire/ — The directed energy weapons (DEW) market is estimated to grow at a CAGR of 19.16% between 2022 and 2027. The size of the market is forecast to increase by USD 3,840.53 million, according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities… Continue reading The Directed Energy Weapons Market is to grow by 19.16% from 2022 to 2027|Airbus SE, BAE Systems Plc, Cobham Ltd., and more to emerge as key players- Technavio

Europa Wire: Garanti BBVA Launches Türkiye’s First Ecommerce Loan for Energy-Efficient Car Rentals000691

Garanti BBVA Launches Türkiye’s First Ecommerce Loan for Energy-Efficient Car Rentals (IN BRIEF) Garanti BBVA has partnered with Enterprise Türkiye to promote electric mobility and car rentals in Türkiye. As part of this collaboration, Garanti BBVA is offering an ecommerce loan, known as a Buy Now Pay Later (BNPL) loan, to customers who wish to… Continue reading Europa Wire: Garanti BBVA Launches Türkiye’s First Ecommerce Loan for Energy-Efficient Car Rentals000691

German Manager Magazin: Tesla’s price cuts continue to depress profitability002610

Tesla buys the record sales of its electric cars with price cuts – and that affects the profit development. company boss Elon Musk (52) was nevertheless willing to make further price reductions if the economy should deteriorate. At the same time, Musk made some full-bodied promises: He believes that the advanced version of Tesla’s Autopilot… Continue reading German Manager Magazin: Tesla’s price cuts continue to depress profitability002610