In response to stalling EV sales, the auto industry is offering a range of hybrid vehicles that balance sustainability and practicality. These 'electrified' options combine gasoline engines with electric motors to reduce emissions and cater to diverse consumer needs, providing a seamless transition towards greener transportation.
Ford Motor Company's international strategy is facing significant challenges, with declining sales in major regions and high operational costs. Investors should wait for a clear, actionable plan to address these issues before considering Ford stock.
Volkswagen is making a strategic $5 billion investment in Rivian, a burgeoning US electric vehicle manufacturer. This partnership aims to reshape the automotive industry, promote innovation, and accelerate global EV adoption.
The CDK Global cyber attack by the BlackSuit hacker group has disrupted U.S. car dealerships, exposing significant vulnerabilities within the automotive industry and highlighting the urgent need for enhanced cybersecurity measures. This article explores the incident, the hackers' tactics, and the broader implications for the industry.
Tesla's Cybertruck faces its fourth recall due to issues with trim pieces and windshield wipers. Over 11,000 trucks are affected, highlighting the challenges in maintaining its innovative design and safety standards.
Tesla recalls its newly-released Cybertruck due to issues with faulty windshield wipers and loose trim pieces. This marks the fourth recall since the vehicle's release in late 2023, raising concerns about quality control and customer trust. Despite setbacks, Tesla emphasizes its commitment to resolving these issues swiftly and maintaining the vehicle's high standards.
In 2023, electric vehicles (EVs) made up 18% of global passenger-vehicle sales, signaling a notable shift in the automotive industry. Driven by technological advances, government incentives, and environmental awareness, the market is projected to see nearly 45% of new vehicle sales being electric by 2030. The article discusses the different phases of EV adoption, from early adopters to potential mainstream success and the challenges like buyer’s remorse that may arise.
Toyota navigates a challenging period with critical decisions in supply chain management, electric vehicle development, and technological investments. The company's strategy involves balancing traditional and new technologies, leveraging hydrogen fuel cell advancements, and adapting to geopolitical and market dynamics.
Car dealerships in Canada and the U.S. experienced major disruptions after cyberattacks on CDK Global, a key software provider. The attacks caused multi-day outages, highlighting the need for robust cybersecurity in the automotive sector.
CDK Global temporarily shut down its systems to investigate a potential cybersecurity incident. This precautionary action underscores the importance of robust cybersecurity measures to protect sensitive data.
A widespread cyberattack on CDK Global has disrupted car dealerships across the US, leading to halted services and highlighting the automotive industry's vulnerabilities. Companies are now bolstering their cybersecurity measures.
US auto dealers are grappling with operational challenges as CDK Global faces a prolonged cyber outage. This incident highlights vulnerabilities in digital infrastructures and emphasizes the need for robust cybersecurity measures.
