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Vietnam EV Maker VinFast to Finalize $23 Billion IPO in US With SPAC
May 12, 2023 Ξ

Vietnam EV Maker VinFast to Finalize $23 Billion IPO in US With SPAC

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VinFast, an electric vehicle (EV) maker founded by Vietnam’s richest person, is set to go public through a merger with Black Spade Acquisition Co., a blank-check company. This would be  Full Article »

Automotive

Tesla Raises Prices of All Vehicles Except Model 3 in the US
May 12, 2023 Ξ

Tesla Raises Prices of All Vehicles Except Model 3 in the US

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Tesla has raised the prices of its Model S, X, and Y electric vehicles in the United States by low single-digit percentages, marking the second time the company has hiked  Full Article »

Automotive

Insurers Suing Hyundai & Kia Over Vehicle Hot-Wiring Theft Costs
May 11, 2023 Ξ

Insurers Suing Hyundai & Kia Over Vehicle Hot-Wiring Theft Costs

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The theft of older models of Hyundai and Kia that lack critical anti-theft devices could result in losses of up to $600 million for the U.S. insurance industry. Liberty Mutual,  Full Article »

Automotive

Nissan Sees Positive Future Expecting 38% Full-Year Profit Rise from Stronger Sales Outlook
May 11, 2023 Ξ

Nissan Sees Positive Future Expecting 38% Full-Year Profit Rise from Stronger Sales Outlook

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Nissan Motor Co. has reported a better-than-expected 38% rise in profit for this year on the back of stronger sales, signaling a brighter future for the Japanese automaker. The company  Full Article »

Automotive

Toyota Expects 10% Rise in Operating Profit Amid EV Sales Increase
May 10, 2023 Ξ

Toyota Expects 10% Rise in Operating Profit Amid EV Sales Increase

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Toyota Motor Corp recently announced that it expects operating profit to increase by 10% this year, with a significant five-fold increase in pure electric vehicle (EV) sales. The company’s CEO,  Full Article »

Automotive

Thefts Among Hyundai and Kia Vehicles Keep Rising Despite Security Flaw Software Fix
May 9, 2023 Ξ

Thefts Among Hyundai and Kia Vehicles Keep Rising Despite Security Flaw Software Fix

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Hyundai and Kia’s updated software designed to prevent the theft of their vehicles, which was unveiled three months ago, has failed to solve the problem. Despite efforts by the company  Full Article »

Automotive

Rivian Q1 Revenue Estimates Better Than Expected for High-Priced EV Sales
May 9, 2023 Ξ

Rivian Q1 Revenue Estimates Better Than Expected for High-Priced EV Sales

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Rivian Automotive Inc (RIVN.O) exceeded analysts’ expectations for quarterly revenue by selling more high-end electric vehicles in Q1, while maintaining its production forecast of 50,000 cars for the year. The  Full Article »

Automotive

Challenges Loom for Automakers Meeting Tougher Proposed US Emissions Rules
May 9, 2023 Ξ

Challenges Loom for Automakers Meeting Tougher Proposed US Emissions Rules

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Automakers are expressing concerns about proposed U.S. emissions regulations, stating that they will encounter difficulties with manufacturing and supply chains if aggressive targets for reductions in vehicle emissions are enforced.  Full Article »


Automotive

GM Hires Apple Executive to Lead Software Unit Amidst Plans to Discontinue Apple CarPlay Use
May 9, 2023 Ξ

GM Hires Apple Executive to Lead Software Unit Amidst Plans to Discontinue Apple CarPlay Use

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Today, General Motors Co (GM.N) announced the appointment of former Apple Inc (AAPL.O) executive Mike Abbott to head a division that will integrate three software functions within the company. Starting  Full Article »

Automotive

Fisker Lowers Annual Production Forecast Due to EV Supply Chain Challenges
May 9, 2023 Ξ

Fisker Lowers Annual Production Forecast Due to EV Supply Chain Challenges

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Fisker Inc has revised down its 2023 production target due to supply chain challenges in the electric vehicle (EV) industry. The setback is part of a broader trend of U.S.  Full Article »

Automotive

Lucid Motors Posts Disappointing Quarterly Revenue Numbers Amid EV Competitor Price Discounts
May 8, 2023 Ξ

Lucid Motors Posts Disappointing Quarterly Revenue Numbers Amid EV Competitor Price Discounts

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Lucid Motors, Lucid Group Inc (LCID.O), reported disappointing first-quarter revenue, falling short of Wall Street estimates due to a pricing war that was sparked by Tesla Inc (TSLA.O) and resulted  Full Article »

Automotive

Tesla’s Use of Forced Arbitration Clauses Questioned by Several U.S. Senators
May 8, 2023 Ξ

Tesla’s Use of Forced Arbitration Clauses Questioned by Several U.S. Senators

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Seven US senators have raised concerns about Tesla’s use of forced arbitration clauses in their contracts with customers. These clauses require customers to resolve any disputes through binding arbitration rather  Full Article »

Automotive

Global EV Market Battle Heats Up as China’s EV SUV Market Expands
May 8, 2023 Ξ

Global EV Market Battle Heats Up as China’s EV SUV Market Expands

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As the world’s largest automotive market, China has become a key battleground for automakers looking to establish a foothold in the electric vehicle (EV) market, and their love for SUV’s  Full Article »

Automotive

Toyota ‘Fully committed’ to Producing Electric Vehicles, says White House
May 8, 2023 Ξ

Toyota ‘Fully committed’ to Producing Electric Vehicles, says White House

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Recently, the White House has praised Toyota for its commitment to electrifying its auto fleet. According to a statement from the White House, Toyota is “fully committed” to electrifying their  Full Article »

Automotive

Stellantis Q1 Revenue Up 14% But Has Cautious Outlook
May 3, 2023 Ξ

Stellantis Q1 Revenue Up 14% But Has Cautious Outlook

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Stellantis, the global automotive company formed through the merger of Fiat Chrysler Automobiles (FCA) and PSA Group, has reported a boost in revenue for the first quarter of the year.  Full Article »

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