marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
cars
05/17/2024
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By Laura Harris
Chinese EV hatchback threatening to disrupt U.S. auto sales with very low price and claims of efficiency
A Chinese electric hatchback car has ignited fears among American automakers and politicians as it makes itself more marketable to Americans while it carves a path through the global automotive industry. In 2023, Chinese electric car manufacturing giant BYD launched Seagull, a budget-friendly electric hatchback or city car billed as performing and having craftsmanship comparable to […]
05/03/2024
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By Laura Harris
Low-cost China-made Volvo EV to be sold in the U.S. this summer, threatening Tesla and other EV makers
A Chinese-made electric vehicle is set to arrive in the United States’ EV market this summer, boasting power and efficiency comparable to the Tesla Model Y but with a $8,000 lower sticker price. The EX30 electric SUV, a product of the Swedish luxury car brand Volvo, is a five-seater electric SUV with a 275-mile driving range […]
03/25/2024
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By Ava Grace
Hertz CEO Stephen Scherr steps down in wake of company’s disastrous bet on EVs
Stephen Scherr, who ran rental car giant Hertz for over two years after three decades at Goldman Sachs Group Inc., has decided to step down in the wake of a disastrous bet on electric vehicles (EVs) that the company began unwinding in recent months. Hertz will replace him with Gil West, the former chief operating officer of […]
03/04/2024
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By Zoey Sky
Several truck companies plan to completely ELIMINATE the use of human drivers this year
Three startup firms have announced plans to eliminate all human drivers and replace them with driverless trucks traversing through Texas highways by the end of 2024. The move comes amid objections from critics who warn that financial pressures, not safety, are behind the proposed timetable. After years of testing, Aurora Innovation Inc., Kodiak Robotics Inc. and […]
02/20/2024
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By News Editors
The great reset didn’t work: The case of EVs
We are living through one of history’s longest and most excruciating versions of “We told you so.” When in March 2020, the world’s government decided to “shut down” the world’s economies and throttle any and all social activity, and deny kids schooling plus cancel worship services and holidays, there was no end to the warnings […]
02/14/2024
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By Olivia Cook
Internal report finds Ford can increase its profits by up to 50% if it stops selling EVs
Automaker Ford recently released an earnings projection showing that the company’s profits could soar by 50 percent if it halted production of and investment in electric vehicles (EVs). Amid weaker consumer demand for premium EVs, Ford has already announced that it is slashing production of its F-150 EV Lightning pickup truck – the electric version of […]
02/13/2024
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By Olivia Cook
General Motors to bring back plug-in hybrids as EV market falters
In 2019, General Motors (GM) became the first major American automaker to announce that it was going “all-in” on producing pure electric vehicles (EVs). Now, the company is making a significant shift back into the plug-in hybrid market. This move was announced by CEO Mary Barra during the company’s recent earnings call on Jan. 30. Before […]
01/29/2024
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By Laura Harris
Apple to launch own EV in 2028 after SCRAPPING plans to create a fully autonomous car
Tech mega-corporation Apple is planning to launch its first-ever electric vehicle (EV) in 2028 after years of setbacks, executive turnover and ambitious visions of creating a fully autonomous vehicle without a steering wheel. The EV project, known as Project Titan and T172, has been marred by leadership changes, strategy shifts, layoffs and multiple delays since its […]
01/05/2024
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By Kevin Hughes
Chinese electric car manufacturer BYD OVERTAKES Tesla as world’s top seller of EVs
Chinese electric vehicle manufacturer Build Your Dreams (BYD) has surpassed Elon Musk’s Tesla as the world’s top seller of EVs. BYD, which has been supported by the American investment billionaire Warren Buffett since 2008, has defeated Tesla’s production for the second straight year. BYD announced that it made 3.02 new EVs in 2023. Meanwhile, Tesla recently announced […]
01/03/2024
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By Zoey Sky
Only half of Ford dealers agreed to sell electric vehicles in 2024
Ford has announced that only half of all 1,550 Ford dealers have agreed to sell electric vehicles in 2024. The figure has gone down from two-thirds who in 2022 said they would sell electric cars in 2023. The other half of Ford dealers will sell and service internal combustion engine (ICE) and hybrid models. According to Ford spokesman […]
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