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Due to slowing EV growth, Porsche is now focusing on developing additional gas and plug-in hybrid models Costs associated with the development have led Porsche to cut its profit forecast for 2025 Porsche may terminate the contracts early for the bosses of its finance and sales divisions Porsche has warned that its 2025 profits will take a major hit due to additional investment required to expand its lineup with new gas and plug-in hybrid models. The automaker, while announcing on Feb. 6 some preliminary financial figures for 2024, said the additional investment, which will also include funding for “battery activities”…
After record sales in 2024, Volvo plans to launch five new or updated models in 2025 Two of the vehicles are expected to be the EX30 Cross Country and ES90 Volvo will follow up in 2026 with the first EVs based on the next-generation SPA3 platform Volvo, in a recent press conference outlining its financial results for 2024, announced plans to launch five new or updated models during the course of 2025. Two of those will be a rugged EX30 Cross Country electric subcompact crossover, which Volvo will reveal on Feb. 10, plus an ES90 electric midsize sedan, which the…
Damage to the batteries’ separator could lead to shorts and/or fires Recall campaigns from Stellantis, Ford, and Audi allow replacement of battery packs New paperwork filed by battery supplier Samsung SDI says the issue remains under investigation Plug-in hybrids from multiple automakers have been recalled due a potential issue with vehicles’ Samsung SDI-supplied battery cells that could cause loss of power or fires. And new paperwork filed with the federal government this week suggests that the issue has not yet been fully resolved. A total of 180,196 vehicles are affected in the U.S., including 155,096 from Stellantis, 20,484 from Ford,…
DOT to review $7.5B federal EV charging program, funded with 2021 Bipartisan Infrastructure Law Keeps funding projects in progress but rescinds guidance for continued buildout Means new state proposals for rules not yet released, months of delay for states’ funding Tesla has captured more than $41 million in government money for the buildout The Trump Administration is stalling on dispersing more funds to U.S. states for the Biden Administration’s electric vehicle charging infrastructure program—one that Tesla has profited from handily. The National Electric Vehicle Infrastructure (NEVI) Formula Program calls for 500,000 charging stations nationwide, and was funded with $7.5 billion…
The high-performance Mercedes-AMG G 63 is available in four different trim levels. In standard form, it has everything the regular G-Class comes with, but with 22-inch AMG-specific alloy wheels, an AMG bodykit plus AMG styling details inside. Opting for the Carbon Edition adds more black and carbon-fibre exterior styling details. The Manufaktur Edition has some special paint options, a heated steering wheel, an extended leather package for the interior and ventilated front seats. The top-of-the-range Magno Edition builds on the Manufaktur Edition by including more black and carbon-fibre trim both inside and out. The off-roading heritage of the Mercedes G-Class…
Flowers and chocolates are nice, but a bright red Ferrari may be more your taste. Valentine’s Day has its own vibe, and let’s be honest, nothing says “I love you” quite like surprising your better half with a shiny supercar or hypercar in the garage. Imagine the thrill of starting the day not just with your special someone by your side, but also with the keys to a Bugatti, Ferrari, Lamborghini, McLaren, or Porsche. This Valentine’s, the ultimate token of affection could be parked just a few steps away, ready to make every drive an unforgettable adventure. We at duPont…
Mercedes-Benz AMG has unveiled its second special-edition SL 63 in as many years, designed exclusively for the U.S. market. The 2025 Mercedes-Benz AMG SL 63 Manufaktur Golden Coast follows in the footsteps of last year’s Big Sur edition, paying homage to the beauty of the American West Coast. Developed by Mercedes’ Manufaktur personalization division, the Golden Coast edition stands out with its striking Kalahari Gold Magno paint, adorning both the body and the accent areas of its black 21-inch forged wheels. The finish, which is not only exclusive, perfectly captures the golden hues of a sandy beach, AMG said. The…
The Lincoln Continental is an iconic name in automotive luxury, with a history associated with the pinnacle of American luxury, celebrities, politicians, and others in the limelight. Before it was discontinued after the 2020 model year, the last generation of the Lincoln Continental not only offered a high degree of automotive luxury but also paid homage to the Lincoln Continental of the past with a special edition. The Lincoln Continental Coach Door Edition was first introduced in the 2019 model year, built to commemorate the Lincoln Continental’s 80th anniversary and only made in an exclusive run of 80 units. With…
Nikola, a developer of hydrogen fuel-cell and battery-electric trucks that was once among the most hyped automotive startups, is now considering filing for bankruptcy, the Wall Street Journal reported Thursday, citing anonymous sources familiar with the matter. In 2020, when it went public via a then-fashionable reverse merger with a special purpose acquisition company (SPAC), Nikola was worth around $30 billion, according to the report. But MSN reported recently that Nikola’s stock price has tanked, bringing the company’s value down to $74 million. In its most recent SEC filing, in December, Nikola indicated that it was running low on cash…
Norwegian battery firm Freyr has canceled plans for a Georgia factory that would have supplied batteries for energy storage. First reported by the Newman Times-Herald of Newman, Georgia, Freyr confirmed plans to cancel the factory in a letter to the local Coweta County Development Authority dated Jan. 21, and in a Thursday meeting with the authority. Freyr also told the Georgia Department of Community Affairs that it would repay grants and incentives tied to the factory project. Rendering of proposed Freyr Announced in November 2022 and branded “Giga America,” the factory would have sat on a 368-acre site in Coweta…