Industry Voices
Fisker Addresses Bankruptcy Rumors as It Pauses Production: Secures $150 Million Funding
Fisker, the struggling electric vehicle manufacturer, has announced a temporary six-week suspension of production operations and disclosed securing a substantial $150 million financing package from an undisclosed existing investor. The company is actively engaged in negotiations with a large automaker for potential investment or partnership opportunities, aiming to address its ongoing viability concerns.
By Dabbie Davis
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250,000 Honda Passports,Insights Face Investigation for Phantom Braking Incidents
U.S. authorities are investigating potential defects in the automatic emergency braking systems of 2019-2022 Honda Passport and Insight models due to reports of unanticipated braking occurrences. The probe follows incidents of "phantom braking," with up to 250,712 cars potentially affected. Honda is cooperating with the investigation, while customers have reported related issues.
By Dabbie Davis
Kia EV9 Emerges as Champion at 2024 Women's World Car Award
The Kia EV9 has been named the Women’s Worldwide Car for 2024 by 75 female automotive journalists. It stood out among 63 competitors in the SUV class, praised for its innovative approach, versatility, and remarkable energy efficiency. Kia's $5,000 price reduction makes the EV9 more competitive in the electric SUV market, following the success of the Kia Niro.
By Dabbie Davis
Wrangler Plug-in Hybrid Fire Risk Sparks Lawsuit Against Stellantis
Stellantis faces a federal lawsuit alleging that the Jeep Wrangler 4xe was marketed with a fire risk related to its lithium-ion battery packs. The lawsuit, involving nine complainants from seven states, claims that Stellantis should have been aware of the potential defect before launching the vehicles. Stellantis disputes the allegations and has initiated recalls and repairs.
By Dabbie Davis
Ford Launches ‘Men's Only Car': Showcases Women’s Significant Role in the World of Cars
Last year, Ford launched a Men's Only Edition Ford Explorer on Women's Day, omitting essential features pioneered by women in the auto industry. For 2024, Ford used this advertisment again to high light women's contribution in the world of cars. The company puts the spotlight to female innovators during Women's History Month. Despite women's significant influence as car buyers, they held fewer management positions in the transportation sector in 2021.
By Dabbie Davis
Maruti Suzuki Launches 'Arena Journeys' to Empower Lady Drivers: Sold Over 9 Lakh Cars to Women
Maruti Suzuki India Limited introduces 'Arena Journeys' to honor female drivers and influencers, coinciding with International Women's Day. With over 9 lakh women choosing Maruti Suzuki Arena cars, the initiative partners with renowned women filmmakers to share inspiring stories of empowerment and mobility on Terribly Tiny Tales’ YouTube channel.
By Dabbie Davis
Toyota’s Hybrid-First Strategy Propels Impressive Profit in Current Market
Toyota's Hybrid-First Strategy has led to significant profit increases, resonating with consumers prioritizing practicality over early EV adoption. Chairman Akio Toyoda's multipathway approach challenges the dominance of battery-powered cars. Despite initial lag, Toyota is gaining recognition among EV shoppers, positioning itself as a leader in the green cars category.
By Dabbie Davis
