The competitive advantage that Ferrari hopes to showcase is the scarcity that will accompany the Purosangue model.
With their focus set on reducing costs for both companies, Mercedes Benz and Rivian will pool their funds, supplies, technology, and skills together to achieve their aim.
EV maker Nio ascribes its underwhelming Q2 2022 performance to the pandemic, but looks to the rest of the year with optimism.
With Volkswagen now also tilting toward electrification, the proposed listing for the smaller subsidiary has been tagged as a pivotal move to achieve the firm’s longer-term growth proposals.
During a recent earnings call, Baidu revealed that its robotaxis wield a 10% dominance in the Yizhuang ride-hailing market.
Although Musk claims that there is now a lot of improvement with the Full Self-Driving, concerns continue to rise about its safety.
The Chinese company currently has four vehicles on sale, which include the G3 sports utility vehicle, a cheaper P5 sedan, its flagship P7 sedan, and a larger G9 SUV that will begin being delivered to customers in October.
Twelve has pulled as much as $200 million in funding since inception and its vision is being powered by major Venture Capital firms.
Like Ford, many companies have been cutting costs and lowering headcounts due to the ongoing market condition.
Tesla has expanded and grown significantly over the years to produce a total of 3 million cars.
The total debt amount of Orange Electric Travel has made up as much as 16.30807 million yuan (about $2.42 million).
Search engine behemoth Baidu has been granted official permission to roll out its driverless commercial robotaxis in Wuhan and Chongqing.
Ford outperformed numerous automobile manufacturers in July, including Toyota, Ferrari, and Stellantis.
Despite the impressive numbers recorded by the trio, each faced challenges in July as the aftermaths of inflation, strain in the supply chain and the pangs of the coronavirus pandemic.
If the proposed acquisition of Spirit Airlines by JetBlue gets regulatory approval, it will lead to the creation of the fifth largest airline in the United States.