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Uber has re-entered the autonomous vehicle arena by investing $300 million in Lucid Motors, partnering with the EV maker and self-driving tech firm Nuro to build a fleet of robotaxis based on the Lucid Gravity electric SUV. 12 This move positions Uber to compete in the growing robotaxi market, with launches planned for a major…
Tesla has appointed Raj Jegannathan, a senior information technology executive, to oversee its North American sales team as the electric vehicle company confronts declining demand in key markets, according to Investing.com. This move follows the recent departure of longtime sales leader Troy Jones and highlights Tesla’s efforts to navigate a tough sales environment. Details of…
Rivian has unveiled plans for its new East Coast headquarters in Atlanta, a key step that supports the automaker’s renewed push to scale production at its nearby Georgia manufacturing facility. This development follows months of financial adjustments, including layoffs, but highlights Rivian’s focus on growth through affordable electric vehicles. The headquarters will open in late…
Tesla has introduced a wide array of discounts and incentives for its electric vehicles in the US, aiming to boost sales before the federal tax credit expires at the end of the quarter. This move comes as the company experiences declining sales in Europe and China, while the US remains a strong market. Incentives Applicable…
The Porsche Macan has achieved a remarkable milestone by becoming the fastest-selling model in the company’s history, reaching one million units produced in only 12 years, as the electric version gains strong traction amid a broader shift toward electrification. This surpasses the Cayenne’s 18 years and the 911’s over 50 years to hit the same…
In Mexico, budget-conscious buyers like Uber driver Patricia Gatica are turning to affordable cars made in China, such as the $17,000 Chevy Aveo, which offers impressive fuel efficiency at 48 miles per gallon, according to Bloomberg. This trend extends to electric vehicles from brands like BYD, highlighting how Chinese imports are reshaping the market south…
China’s cabinet vowed on Wednesday to regulate “irrational” competition in the electric vehicle sector, as a prolonged price war escalates in the world’s largest auto market. This move signals a push for stability, with officials committing to enhanced cost investigations and price monitoring, according to state broadcaster CCTV. Tackling Excessive Competition According to Reuters, the…
Lucid Group Inc.‘s interim CEO Marc Winterhoff has cautioned that proposed tariffs under President Donald Trump will elevate automobile production costs, affecting even vehicles assembled in the United States. This development stems from the automotive industry’s reliance on a global supply chain, which requires importing essential raw materials and components. In a Bloomberg Television interview,
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