Porsche shares fall as automaker cuts 2024 outlook on aluminium alloy shortage

Porsche shares fall as automaker cuts 2024 outlook on aluminium alloy shortage

The Porsche logo, the German automobile manufacturer specialising in high-performance luxury sports cars, SUVs, and sedans, headquartered in Stuttgart and part of the Volkswagen group, captured in their Porsche Zentrum Zrich shop, their main center in the biggest Swiss city, in Zrich on November 13, 2023, in Zrich, Switzerland. Joan Cros | Nurphoto | Getty … Read more

Foreign carmakers in China face ‘increasingly precarious’ situation

Foreign carmakers in China face ‘increasingly precarious’ situation

Newly produced electric vehicles are being seen at Tesla’s Shanghai Gigafactory in Shanghai, China, on December 31, 2023. Costfoto | Nurphoto | Getty Images BEIJING — New tariffs on Chinese electric cars aren’t enough to help foreign automakers stay competitive, especially in the lucrative China market, according to consulting firm AlixPartners. China is the world’s … Read more

Tesla and other EV makers like Volvo are betting big on gigacasting

Tesla and other EV makers like Volvo are betting big on gigacasting

In the race to make EVs cheaper and more profitable, companies are pulling just about every lever they can. But while improving battery technology often hogs the spotlight, automakers are investing heavily into changing how the rest of the car is made. One such method is megacasting, or gigacasting, as Tesla calls it. Gigacasting is … Read more

Porsche 911 hybrid sports car revealed for $164,900

Porsche 911 hybrid sports car revealed for 4,900

2025 Porsche 911 Targa 4 GTS hybrid sports car Porsche Porsche on Tuesday revealed the first-ever production hybrid version of its iconic 911 sports car, with a starting price of $164,900. The 2025 911 Carrera GTS hybrid marks a significant change to the iconic German sports car amid the automotive industry’s focus on increasing electrified … Read more

Young Americans Want Chinese EVs

Young Americans Want Chinese EVs

Good morning! It’s Thursday, May 23, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Even EVs Can’t Get A Break From The Heat 1st Gear: Americans Under 40 Yearn For Chinese EVs … Read more

The Electric Vehicle Tariff War Will Just Make Everyone Poor

The Electric Vehicle Tariff War Will Just Make Everyone Poor

Good morning! It’s Wednesday, May 22, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Tesla’s Cybertruck Has Finally Arrived 1st Gear: China Responds To U.S. EV Tariffs China has spent the past … Read more

BMW And Jaguar Land Rover Knowingly Used Parts Produced With Chinese Slave Labor

BMW And Jaguar Land Rover Knowingly Used Parts Produced With Chinese Slave Labor

BMW and Jaguar Land Rover (JLR) are the latest manufacturers to land in hot water after the U.S. Senate Finance Committee found they both continued using parts made by a Chinese supplier that has been flagged for forced labor. BMW shipped at least 8,000 Minis containing the part after the company was informed about the … Read more

U.S. economy will feel minimal impact

U.S. economy will feel minimal impact

The steel frame of the Francis Scott Key Bridge sits on top of a container ship after it struck the bridge in Baltimore, Maryland, on March 26, 2024.  Roberto Schmidt | AFP | Getty Images The collapse of Baltimore’s Francis Scott Key Bridge was a maritime disaster but not an economic crisis, experts said Tuesday. … Read more

Autos firms say they expect limited impact from Baltimore port closure

Autos firms say they expect limited impact from Baltimore port closure

The remains of the Francis Scott Key Bridge on March 26, 2024 in Baltimore.  Michael A. McCoy | The Washington Post | Getty Images The Baltimore bridge collapse has prompted carmakers to assess operations after the closure of the busiest U.S. auto port. Many do not expect major disruptions so far. In a dramatic scene, … Read more

Bentley delays all-EV plan past 2030 amid vehicle development issues

Bentley delays all-EV plan past 2030 amid vehicle development issues

Bentley Continental GTC Speed in Kingfisher. Adam Jeffery | CNBC Bentley Motors is pushing back its plans to exclusively offer all-electric vehicles by the end of this decade due to changing market conditions and a delay in its first EV. CEO Adrian Hallmark said the famed British luxury carmaker remains committed to carbon neutrality and … Read more