Industry Voices
Genesis, Lucid Motors Forge Alliance for Electric Convertible: Rumors
Rumors swirl around Hyundai's discussions with Lucid Motors for e-motor collaboration, potentially revolutionizing Genesis' electric vehicle lineup. CarScoops hints at a forthcoming alliance integrating Lucid technology into upcoming Genesis models like the Concept X convertible. This strategic move could redefine both companies' market positions significantly.
By Dabbie Davis
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Volkswagen Faces Recall Scrutiny Over 51,0000 ID.4 EV Units with Doors That Open
The NHTSA is investigating complaints about VW ID.4 doors opening during operation. This issue, the second concerning the ID.4's doors, follows a recall due to water leakage. CarBuzz notes significant leasing discounts on 2023 ID.4 models. The investigation into door opening incidents aims to assess prior corrective actions' effectiveness.
By Dabbie Davis
Volkswagen Launches Solo Project for Affordable EVs, Dissolves Renault Partnership
Volkswagen has chosen to move forward independently with its affordable EV project after concluding discussions with Renault. The decision to end talks with Renault pertains to the collaborative development of an affordable electric version of the Twingo, impacting the competitive landscape against Chinese automotive brands in Europe.
By Dabbie Davis
Ford Asks Suppliers to Engage in Cost-Cutting Strategies for Boosting EV Profitability
Ford is asking with electric vehicle suppliers to boost profitability and competitiveness in the U.S. market against domestic rivals and emerging Chinese competitors. Cost-cutting measures have been initiated to address financial challenges in Ford's EV division, aiming to navigate the evolving landscape of the electric vehicle market.
By Dabbie Davis
Mercedes Halts Luxury EV Platform Development, Scrapes Latest MB.EA Large Architecture
Mercedes-Benz has halted the development of the MB.EA Large architecture, a significant move reflecting a shift in the company's electric vehicle strategy. This decision follows disappointing sales of the EQE and EQS models, prompting Mercedes to focus on enhancing the existing EVA2 platform with advanced technologies for upcoming models.
By Dabbie Davis
GM Addresses Electric Motor Wire Issue, Recalls Certain EVs: Cadillac, Chevy with Crash Risk
General Motors has issued a safety recall for select 2024 models of Cadillac Lyriq, Chevy Silverado EV, Chevy Blazer EV, GMC Hummer EV SUV, and GMC Sierra EV due to a potential defect leading to unexpected loss of propulsion. The issue stems from a fault in the drive unit stator assembly.
By Dabbie Davis
PH House Panel Approves Bill Expanding Road Tax, Targets Three-Wheeler Type Vehicles
In the Philippines, a bill expanding road users' tax to unique three-wheeled vehicles was approved by a House committee. Expected to boost government revenue by P17 billion over four years, the bill sets increasing tax rates over the coming years. Additionally, recent challenges regarding the ban on three-wheeled vehicles raise questions about road access and taxation.
By Dabbie Davis
Subaru Teams Up with Toyota to Develop Trio, Gaming-Changing Electric Crossovers
Subaru and Toyota are enhancing their partnership by jointly developing three new electric crossovers, aiming to navigate the challenges of the competitive EV market. This strategic alliance aims to lower risks and leverage Toyota's expertise to drive innovation and profitability in the evolving automotive landscape.
By Dabbie Davis
