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News
China to launch electric car in Europe
5+ hour, 45+ min ago (1293+ words) China's first “mid-engined” sports car, the SC-01, which its creators call “the car Lotus should have built,” will reach the UK in April 2027, Autocar reports. The car combines an unusual layout for electric cars, light weight, and an emphasis on…...
BMW announces up to 8,000 job cuts
16+ hour, 12+ min ago (1259+ words) BMW is planning to cut as many as 8,000 jobs in Germany, according to reports, The Guardian reported. The Munich-headquartered company has started a voluntary redundancy program agreed with employee representatives, a BMW spokesperson said on Wednesday. The company and its…...
SpaceX's market capitalization plunged by $1.2 trillion
1+ day, 22+ hour ago (820+ words) Elon Musk's SpaceX has lost more than $1.2 trillion in market capitalization since June. This is comparable to the value of electric car maker Tesla, also headed by Musk, CNBC reported. As noted, after SpaceX went public, its shares soared to…...
The world's fastest radio-controlled car has been created
1+ week, 3+ day ago (795+ words) British engineer Steven Wallis has once again rewritten the history of radio-controlled cars. His new model, Mach Reaper, broke the 400 km/h barrier twice, updating his own world record in less than two weeks and becoming the fastest radio-controlled car…...
Mercedes-Benz unveils new ultra-powerful electric CLA models
2+ week, 8+ hour ago (943+ words) Battery capacity is a mind-blowing 94 kWh for a compact car. The company has not disclosed the electric vehicle’s curb weight, but it is clear that it is no less than two tons. Acceleration from 0 to 100 km/h takes just 2.7 seconds,…...
Volkswagen CEO tells employees up to 50,000 jobs will be cut worldwide
2+ week, 1+ day ago (1021+ words) Volkswagen Group CEO Oliver Blume has told employees that up to 50,000 jobs will be cut worldwide, DW reports. This figure is driven by a plan to reduce spending on administration, infrastructure, and support for core operations to a competitive level,…...
Bild: Chinese company BYD is building a plant in Hungary and increasing pressure on Germany’s auto industry
2+ week, 1+ day ago (1047+ words) The main concern is not only cheap cars, but also the production model itself. Frankfurter Allgemeine Zeitung writes that in Chinese industrial centers, workers may labor 10–12 hours, have only four days off per month, and earn around 600 euros. China Labor…...
Economy minister on quota set for electric cars in Armenia: Individuals have used 8,802 out of 12,000 units
2+ week, 6+ day ago (917+ words) Minister of Economy Gevorg Papoyan touched upon the quota set for electric vehicles in Armenia. “Regarding the quota for electric cars as of July 1: Individuals have used 8,802 out of 12,000 units, 3,198 units remain. [Car] dealers have used 1,477 out of 3,000 units, 1,523 units…...
Bentley preparing to unveil its first electric car, the luxury Torcal crossover
3+ week, 1+ day ago (1177+ words) Bentley is preparing to present its first fully electric car, the luxury Bentley Torcal crossover, which will become a new chapter in the history of the British carmaker. The premiere of this model will take place on September 23 in London,…...
Mercedes unveils new C-Class Electric: Bet is on luxury, space, huge digital screen
3+ week, 3+ day ago (1244+ words) The new Mercedes C-Class Electric is positioned as the main competitor of the BMW i3 in the premium business sedan segment, and first impressions show that the competition between the two carmakers remains extremely sharp, Autocar reports. In the main parameters…...