Volkswagen’s plan to launch a new electric vehicle (EV) platform for its luxury brand Porsche is facing another setback. The company has announced that the development of the platform, initially scheduled for 2025, will be delayed by at least two years due to ongoing issues with software integration. As a result, Volkswagen will cut approximately 7,000 jobs across the group in an effort to reduce costs and focus on more profitable areas of its business.
Volkswagen's Cariad division remains shrouded in turmoil. Volkswagen…
Ford exceeds Q3 earnings forecasts, yet EV losses impinge on profitability.
Ford reported its third-quarter earnings after the market…
Hycan, the electric vehicle brand spun off from NIO, is reportedly on its last legs, with a dwindling number of remaining staff members and mounting debt obligations.
According to our June report, Chinese electric vehicle…
A sleek and agile prototype of the all-electric Jaguar I-Pace was spotted putting its performance to the test at the famous Monaco circuit. With its sporty design and electric powertrain, this futuristic SUV is sure to turn heads on the road and leave gas-guzzlers in its dust. The I-Pace’s speed and agility around the challenging track suggest that it will be a force to be reckoned with on the streets.
As the Jaguar I-PACE, the brand's inaugural all-electric…
BMW’s electric vehicle (EV) sales surged more than twofold in the first quarter, solidifying its position as the brand’s primary growth catalyst for 2023.
Despite a 1.5% decline in overall sales during…
Fusing speed, luxury, and innovative technology, our flagship model seamlessly combines.
The Luxeed R7, a product of the Concord…
Chinese automaker BYD plans to disrupt Hyundai and Kia’s dominance in South Korea with a range of affordable electric vehicles (EVs).
China's leading electric vehicle manufacturer is poised to…
