Category: Auto & Motor
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MG’s Electric Cars Drive Sales Surge in India
MG cars continue to be popular among Indian customers, as the company recently released its car sales data for the month of May 2024. During this period, MG sold a total of 4,769 units of cars. However, there was a decline of 4.73 percent in sales compared to the same month last year, when MG…
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Volkswagen Group launches project: all-electric entry-level mobility
Oliver Blume, CEO Volkswagen Group: “Generations of people associate the strong brands of the Volkswagen Group with their first car – and with affordable mobility. As a group with strong brands, we continue to assume this social responsibility to this day. That’s why I’m very pleased that we’re launching a future-oriented project. It’s about entry-level…
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Why small electric cars could be about to break the grip of SUVs
The 500kg Microlino is part of a new set challenging the ever-increasing domination of huge cars Driving through central London in a tiny Microlino electric car, barely visible between the hulking SUVs, it’s surprising to be the focus of so much attention. “Yes, Lego car!” shouts a scaffolder. MORE Visit our blog often or follow…
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Falling used electric car prices have led one of Europe’s largest dealer groups to book a loss
Falling used electric car prices have led one of Europe’s largest dealer groups to book a loss in Q1 this year. Hedin Mobility finished the first three months of 2024 with a loss of SEK231m (£17m) on sales of SEK23bn £1.7bn – up 32% on the same period last year. The accounts for the first…
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European automakers need time, not tariffs…
Europe’s car giants won’t have much time to restructure their operations and product lines to compete with ascendant Chinese automakers, and stiffer tariffs will do little to protect the status quo, industry executives said during a Reuters event. European trade regulators in Brussels have said they could levy new tariffs on Chinese electric vehicles based…
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China’s $10,000 EV is coming to Europe, not USA
The Chinese automaker BYD, Tesla’s largest rival in China, announced last month that it was planning to bring its affordable Seagull electric hatchback to Europe as soon as 2025, according to Bloomberg. The Seagull’s base model sells for less than $10,000 in China. Bloomberg reported that while European consumers wouldn’t see that same price because…
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VINFAST First to Launch Sony’s In-Car Entertainment Service RIDEVU
RIDEVU will be included as a complimentary service in the VF Connect Prime package. U.S. owners of the VF 8 who register for the service will receive access to RIDEVU with the over-the-air (OTA) software update version 9.6.1.11. Developed by Sony Pictures Entertainment (SPE), RIDEVU provides customers with access to a selection of over 2,000…
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Vote of confidence in UK economy as British AI company Wayve secures over $1 billion
UK AI company Wayve has announced a $1.05 billion investment to develop the next generation of AI-powered self-driving vehicles today (Tuesday 7 May) marking the biggest investment in a UK AI company in history. Backed by SoftBank Group, NVIDIA and Microsoft, Wayve will use this investment to develop and launch the first “embodied AI” technology…
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VinFast Auto Ltd. f/k/a Black Spade Acquisition Co. Sued for Securities Law Violations
The Gross Law Firm issues the following notice to shareholders of VinFast Auto Ltd. f/k/a Black Spade Acquisition Co. (NASDAQ: VFS). Shareholders who purchased shares of VFS during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.…
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Tidal Wave Auto Spa Celebrates Grand Openings in Mobile, Others With Free Washes
Tidal Wave Auto Spa, one of the nation’s fastest-growing express car wash companies, opened two brand-new locations in Alabama this week in Mobile, AL, and Montgomery, AL. To celebrate the Grand Openings, the brand-new Mobile and Montgomery locations are offering eight days of free car washes from May 8-May 15. This limited-time promotion provides an…