Industry Voices
Ineos Fusilier Faces Setbacks as Demand and Tariffs Disrupt Schedule
Ineos debuted the Fusilier electric model this year, but its anticipated 2027 release faces a setback. The delay is attributed to sluggish demand and tariff challenges. Enthusiasts awaiting the Fusilier's arrival must now exercise patience as Ineos navigates these hurdles before the SUV hits the market.
By Dabbie Davis
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Volkswagen Propels $5 Billion Rivian Investment: Software, Other Technologies Development
Volkswagen embarks on a fresh collaboration with Rivian, injecting a substantial $5 billion into their joint initiatives. This investment aims to drive software and technology developments for electric vehicles, marking a significant step in their strategic alliance. The partnership holds promise for enhancing both companies' strengths and market positions.
By Dabbie Davis
NIO Expresses Confidence: Firefly EVs to Compete Amid Tariffs in Europe
NIO plans to launch the Firefly EV in China first, followed by a debut in Europe by mid-2025. CEO William Li is confident in Firefly's sure success in Europe despite tariff challenges. The pricing strategy aims for affordability at 100,000-200,000 yuan, signaling NIO's commitment to global expansion and competitive positioning.
By Dabbie Davis
Koenigsegg Conducts Preventive Measure: Sends Do Not Drive Warning After Fire Burns $3 Million Hypercar in Greece
Over the weekend, a Koenigsegg Jesko faced a fiery ordeal in Greece, prompting urgent action. The manufacturer issues a critical warning to the 28 owners, emphasizing safety. The hypercar met its fate during the 6to6 Europe Tour 2024 rally, sparking investigations into the cause of the unexpected fire incident.
By Dabbie Davis
Polestar Automotive Targets Expansion, To Enter 7 New Markets in 2025
Polestar Automotive is set to make a significant splash in new markets come next year, expanding its footprint across Europe and local partnerships in Thailand and Brazil. This move signifies a strategic step towards broadening its commercial and retail reach to cater to a wider audience.
By Dabbie Davis
Honda, Mitsubishi Enter Joint Venture - Altna, Battery-Lease Business
Introducing Altna, a groundbreaking venture born from the collaboration between Honda and Mitsubishi. Focused on battery-lease plans for electric mini vehicles, this partnership aims to optimize EV usage cost effectively. With a strategic approach, Altna is set to revolutionize the electric vehicle market landscape.
By Dabbie Davis
Jaguar Halts F-Type Production, Shift to Electrification to Take Center Stage
Jaguar bids farewell to the iconic F-TYPE at Castle Bromwich, marking the shift towards electrification as traditional petrol and diesel models are phased out. The final model year in 2024 ushers in a new era for Jaguar as it embraces electric mobility, symbolizing a significant transformation in the automotive landscape.
By Dabbie Davis
GM $850 M Investment Pushes Cruise Robotaxis Project while Slashing EV Production
General Motors has made an $850 million investment in Cruise to reinvigorate its operations. This injection of capital follows a challenging period marked by accidents and internal adjustments, with Cruise temporarily halting its taxi services. The funding aims to propel Cruise forward as it resumes testing in Phoenix, Dallas, and Houston.
By Dabbie Davis
