The Volkswagen-owned company announced that German sports car manufacturer Porsche aims to achieve better results in 2025 after a loss of one billion euros the previous year. According to preliminary results, Porsche’s net loss was 20 billion euros ($21.6 billion) in 2024 due to challenges in VW and Porsche AG’sContinue Reading
Taiwan’s Foxconn is close to a deal with Mitsubishi Motors to produce electric vehicles, which is a significant move for the iPhone supplier’s efforts to break into the automotive industry. People familiar with the matter said the world’s largest contract electronics manufacturer is set to announce a deal in theContinue Reading
The US National Highway Traffic Safety Administration (NHTSA) has subjected Tesla’s rugged pickup truck to a standardized, but optional, set of crash tests. The controversial pickup truck, built with a stainless steel exoskeleton and outside the classic principles of automotive design, has been raising safety concerns since its appearance. SomeContinue Reading
Aston Martin’s new chief executive, Adrian Hallmark, aims to resolve the company’s financial issues within 12 to 18 months. Having successfully led Bentley’s financial recovery, he now faces an even bigger challenge. In an interview with Automotive News, Hallmark described the opportunity to make Aston Martin sustainably profitable for the first timeContinue Reading
ZF Lifetec has introduced an innovation in the automotive safety segment, namely the Active Heel Airbag. The system can be adapted to almost any car model and will be available to car manufacturers from 2028. The new technology is designed to reduce the risk of serious foot injuries during carContinue Reading
Honda and Sony have officially launched their inaugural collaboration, specifically to compete against new tech giants entering the automotive sector. The Afeela 1 sedan, however, is targeted towards an affluent market. The automotive industry now faces no barriers. Traditional manufacturers are no longer the sole producers of vehicles as majorContinue Reading
Mercedes is set to lay off tens of thousands of employees as part of a restructuring to respond to market conditions. Following Volkswagen’s announcement of over 30,000 job cuts, the German automotive sector is facing challenges that have also affected other leading manufacturers. Reports indicate that Mercedes is considering layingContinue Reading
Another powerful V8 could soon be leaving the automotive scene. Audi is working on a new RS7, but when it arrives, it may have two fewer cylinders under the hood. According to Car magazine, the V6 is set to take the place of the existing 4.0-litre twin-turbo V8 engine. DespiteContinue Reading
AUTOJOSH American EV Startup Canoo Officially Bankrupt News Published 1 day ago on January 21, 2025 It’s over and out for Canoo for now. The American manufacturer of electric vans has not made it. It’s not easy to keep your head above water as a new player in the automotiveContinue Reading
Ineos Automotive announced that production of the Grenadier rugged SUV and Grenadier Quartermaster pickup truck has resumed at its vehicle plant in Hambach, France. Production was paused last September after the seat supplier for the Grenadier, Recaro Automotive, ceased production due to insolvency. Italian seat manufacturer Proma Group stepped inContinue Reading
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