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Batteries currently account for around 30% of an electric vehicle’s (EV) total production cost. While most units are expected to last at least ten years, there is evidence to suggest that they can reach up to 20 years. This is good news for consumers and fleet owners, for whom battery replacement is likely to be […]
Battery thermal management systems underpin EV market growth Read More »
Ford reports second-quarter revenue of $47.8 billion, net income of $1.8 billion and adjusted EBIT of $2.8 billion Customers exercising “freedom of choice” made Ford the No. 1 gas, No. 2 electric and No. 3 hybrid vehicle brand in the U.S. and the company remains confident in full-year 2024 results, including increasing effectiveness generating cash.
Group revenue reached €26,958 million, up 0.4% compared to 2023 H1. At constant exchange rates[3], it increased by 3.7% New record profitability in 2024 H1: Group revenue: €27.0bn, +0.4% and +3.7% vs. 2023 H1 at constant exchange rates[1] Automotive revenue: €24.4bn, -1.9% and +1.2% vs. 2023 H1 at constant exchange rates[1] Record profitability: Group operating
Porsche has become the latest automaker to waver in its pledge to increase the proportional share of electric vehicles (EVs) in overall sales. In a 22 July 2024 statement to Reuters, the company admitted that the transition from internal combustion engines (ICE) “is taking longer than we thought five years ago.” Until recently, Porsche aimed
Why are major OEMs getting cold feet over electric vehicles? Read More »
Despite increasing its guidance for annual adjusted earnings for the second time in 2024, GM faces growing scrutiny from investors. By Stewart Burnett The post China and Cruise losses cast shadow on GM’s Q2 results appeared first on Automotive World. Source link
China and Cruise losses cast shadow on GM’s Q2 results Read More »
Tesla released its Q2 2024 results late on 23 July, announcing 2% year-on-year growth in revenue to US$25.5bn. The automaker listed several positive contributing factors, such as growth in its Energy Generation and Storage business (9.4 GWh), increased Cybertruck deliveries (top-selling electric pick-up in US for the quarter), and higher regulatory credit revenue. “Plans for
Musk prioritises autonomy following Tesla’s mixed Q2 results Read More »
Autonomous trucking could go far in addressing the chronic driver shortage while improving the safety profile and efficiency of fleets. The technology remains in the pilot stage and is therefore expensive. The key to scaling and improving end-user affordability could lie in a service-based business model, and Pittsburgh-based Aurora has emerged as a pioneer with
Aurora’s pay-per-mile key to scaling autonomous trucking Read More »
eSIM technology serves the connected car with a flexible platform to provide the necessary connectivity for any service, whilst addressing security concerns. By Sönke Schröder The driving experience has undergone a remarkable transformation in recent decades. Gone are the days when the sole objective was simply to transport individuals from point A to point B.
eSim is key to connected and compliant in-car experiences Read More »
The detailed contours of JLR’s Reimagine strategy are now clear: the production volume required for financial breakeven has been reduced from 660,000 in 2019 to 300,000 in 2024; the model range is being pruned; and three new platforms will underpin a new range of electric and electrified vehicles. JLR vehicles will be sold under the
JLR’s halo strategy sends its prices higher and higher Read More »
Toyota’s bullish position on hydrogen vehicles is facing growing scrutiny. On 10 July 2024, a class action lawsuit was filed in California federal court alleging that the automaker has engaged in, among other things, “fraudulent concealment and misrepresentation” of the realities of owning the fuel cell-powered Toyota Mirai. The lawsuit was filed by a group
Lawsuit alleges Toyota is misleading consumers about FCEVs Read More »
