Automotive News

Monroe Capital’s managed fund is focused on serving to small- and medium-sized auto manufacturers transition to electric automobile production. To better compete in the EV market, the automakers plan to jointly develop lithium iron phosphate battery cathode materials manufacturing know-how in South Korea. About 1.four million EVs were Automotive News sold within the US last year, up from 1 million the previous year. In 2023, more than 6 per cent of latest car sales involved electrical automobiles. Called BMW TechWorks India, the joint venture will develop automotive software program for future BMW vehicles.

Most analysts believe that producing EVs will require fewer workers than conventional inner combustion engine automobiles. The V-8-powered sports activities automobile gets a slight price enhance and some extra options. The company is rolling out a model new $0.49 “access fee” starting with select stations and including extra over time. Blink says it will proceed to offer its membership with no month-to-month subscription fees. The two automakers will share the workload on another joint venture slated for the new year. Underground Racing will give the hybrid Lambo energy to rival the world’s biggest hypercars.

The Forester has been the best-selling mannequin for Subaru of America, but issues have changed. A Cybertruck owner nonetheless professes his love for the all-electric regardless of Tesla failing to fix his Cybertruck on eight separate service visits. Having stated that, the proprietor has decided to set free his frustration after the latest failed service visit. We examined the Honda Odyssey’s latest and greatest model for 2025 and located it to be a tremendous worth and quite luxurious.

Union President Shawn Fain and Vice President Chuck Browning introduced the news on social media Wednesday evening. Hyundai and Kia are working on a next-generation infotainment system and have introduced Samsung in as a strategic associate because the automakers venture further into smartphone connectivity and in-car apps. Using Samsung’s SmartThings app to search out your missing (or stolen!) automobile is but one characteristic envisioned.

But don’t worry; Honda would possibly nonetheless construct upon the wedge design for future EVs. This wedge-shaped 1984 Honda HP-X concept used innovative materials for the time, like carbon fiber, Kevlar, and honeycomb paneling. It had all the right ideas and adorably appeared like it ran on D-sized batteries. An annual subscription to BlueCruise will now cost $495, down from $800, whereas a monthly subscription is decreased to $49.99 from $75. Ford’s also providing a brand new one-time fee for BlueCruise at $2,495, or a one-year buy of $495 — for these which are ready to completely embrace the hands-free lifestyle. Ionna’s first charging station is breaking ground in North Carolina.

The company had been engaged on autonomous driving technology for last-mile supply automobiles, which are not designed to carry passengers. General Motors reported a dip in third-quarter US auto gross sales Tuesday, however pointed to progress in sales of electric vehicles and said retail pricing remained steady. Several commerce shows will give consideration to the recent topics of current years, together with EVs, battery tech, hybrid powertrains and software-defined autos. In the primary quarter of subsequent yr, BMW New Zealand will introduce the BMW 550e xDrive plug-in hybrid electric vehicle , priced at $159,900.