2025 Porsche TaycanImage: Porsche Porsche has seen great success with its EVs, but it’s now rethinking things as well. The automaker originally planned for more than 80 percent of its new-vehicle sales to be fully electric in 2030. Now Porsche is leaving EV success up to consumer demand, giving a statement to Auto News that … Read more
JPMorgan Asset Management strategist Michael Cembalest had previously predicted that President Joe Biden would drop out from this year’s presidential race in his list of “top 10 possible surprises for 2024” published in the company’s Jan. 1 “Eye on the Market Outlook” report. “President Biden withdraws sometime between Super Tuesday and the November election, citing … Read more
In a daring rescue, a motorist sustained severe burns pulling his 19-month-old granddaughter from the back seat as his brand-new hybrid car went up in flames and exploded. Seeing smoke, David Butler, a retired engineer at 67, sprang into action. His wife Anne, also 67, had turned back to witness the horror. The rear seat, … Read more
“Bond King” Bill Gross is known for his aggressive bond investing strategies and is accredited with democratising the fixed-income securities market by making it accessible to all investors. He co-founded Pacific Investment Management Company (PIMCO) and worked to make it the biggest active fixed-income fund management firm globally. Before PIMCO, trading bonds were rare and … Read more
Sora Lee, a 34-year-old who emigrated from South Korea to the United States, has achieved remarkable success over the past decade. As of 2023, she is the Global Head of Product Marketing at Bytedance-owned TikTok, earning an impressive $400,000 annually. However, despite her professional achievements, Lee tells CNBC that her financial journey is marked by … Read more
Photo: Amber DaSilva / Jalopnik Update July 2, 2024, 1:20 PM: Volvo reached out to Jalopnik to clarify that, while some customers have returned vehicles for a refund, the EX30 remains on sale in the UK. A company representative stated: “The EX30 continues to be sold in the UK and with more than 4,500 already … Read more
Upcoming Ferrari EV. (Photo: Derek Photography) The Ferrari EV will be developed at the company’s newly introduced building facility at Italy’s Maranello. The brand says it will produce an authentic sound. Known for its performance, aerodynamic design, and unmatchable performance, the Italian car maker Ferrari is now gearing up to take the EV route. The … Read more
Volkswagen Group plans to enter a joint venture (JV) with US-based EV startup Rivian to leverage the latter’s electronic control units (ECU) architecture and software stack to create an industry-leading software-defined vehicle (SDV) technology platform. As part of the strategic partnership, Volkswagen will initially invest $1 billion in Rivian and an additional $4 billion by … Read more
Photo: Bugatti Bugatti just unveiled its latest seven-figure ultra-car, the Tourbillon. Though it defies the marque’s recent tradition of naming its vehicles after notable drivers from its history, the moniker makes sense. Not just because a tourbillon is an exquisite mechanical object crafted to precise tolerances, or because it is, like the brand, a French … Read more
Curated By: Shahrukh Shah Last Updated: June 11, 2024, 19:12 IST United States of America (USA) Upcoming Ford SUV Coupe. (Photo: Carscoops) If rumors are to be believed, the upcoming offering in the EV segment is likely to be sold under the nameplate Ford Capri. However, the brand has not shared the details as yet … Read more
