Berlin (Business Emerge), September 6: BMW is gearing up to introduce its first hydrogen-powered vehicle by 2028, as part of its growing focus on green mobility solutions. The German automaker, in collaboration with Toyota, has been working on developing fuel cell technology to drive this innovation forward. Although BMW hasn’t yet revealed which model will feature the hydrogen fuel cell drive or specifics regarding pricing and production volumes, the company is confident that this advancement will showcase the future of sustainable transportation. By teaming up with Toyota, BMW aims to reduce production costs and apply the technology to not only…
Author: David Brown
Washington (Business Emerge), August 17: In a recent update, Rivian, an electric vehicle manufacturer, announced a temporary halt in the production of its commercial delivery vans for Amazon due to a parts shortage. This latest challenge adds to the ongoing supply chain issues that Rivian, along with other electric vehicle makers, has been grappling with over the past two years. Despite the pause in van production, Rivian reassured that the supply shortage would not affect the manufacturing of its other vehicles, including the R1S SUV and R1T pickup models. Amazon, Rivian’s largest investor with a 16% stake, acknowledged the “short-term…
Business Emerge, August 17: Ford Motor has announced a recall of approximately 85,000 Explorer SUVs due to concerns over potential engine fire risks. This recall specifically targets models equipped with the Police Interceptor Utility package, designed to enhance performance, durability, and cargo capacity compared to standard civilian models. According to the National Highway Traffic Safety Administration (NHTSA), the issue arises from a possible motor failure that could lead to oil and fuel leakage within the engine compartment. If these fluids accumulate near ignition sources, there is a heightened risk of fire. The recall impacts Ford Explorer SUVs from model years…
France (Business Emerge), July 25: Renault is set to launch a groundbreaking carline this summer, introducing a performance scoring system that assesses motorists’ driving skills on a scale of 100 points per trip. This innovative approach comes in response to recent European car safety regulations and aims to foster a spirit of friendly competition while prioritizing road safety. The newly designed system will evaluate drivers’ performance at the conclusion of each journey, deducting points for unsafe driving behaviors such as tailgating, lane drifting, or speeding. Available in all new Renault models, this system could potentially lead to reduced insurance premiums…
London (Business Emerge), July 25: The landscape of electric vehicle (EV) registrations in Europe presents a varied picture, with a notable overall decline in the EU. In June, registrations of battery-electric cars fell by 1% to 156,408 units, as reported by the European Automobile Manufacturers’ Association (ACEA). This decrease in market share, from 15.1% to 14.4%, highlights a shift despite significant annual increases in several nations. Among the countries with substantial growth, Croatia led with a dramatic rise of 161.4%, Czechia followed with an increase of 140.8%, and Hungary saw an uplift of 123.8%. Specifically, these countries recorded 298, 1,524,…
Denmark (Business Emerge), July 25: Denmark is embarking on a new initiative to enhance the sustainability of camper van tourism, striving to convert these vehicles into a reliable and long-lasting economic asset. The move aligns with the increasing trend among European nations addressing the challenges posed by tourism. Frequent disputes between local residents and camper van tourists over issues such as parking in scenic areas, obstructed views, and littering have prompted a shift towards improving the interaction between locals and visitors. Peter Krusborg Pedersen, CEO of Visit Northwest Coast (Visit Nordvestkysten), describes the current situation as a ‘Wild West’ scenario…
Singapore (Business Emerge), July 25: Chinese electric vehicle manufacturer BYD has significantly increased its lead over Tesla in Singapore during the first half of this year, according to recent data. This highlights the mounting challenges for Tesla, the world’s largest electric vehicle maker by sales, as it contends with rising competition from Chinese counterparts. BYD’s notable success in Singapore—a relatively small auto market—demonstrates the company’s ambition to dominate the Southeast Asian region. Despite the popularity of gasoline vehicles from Japanese and South Korean brands, Tesla has yet to make a significant impact in this market. The Chinese automaker has already…
London (Business Emerge), July 25: Renault has reported a higher-than-expected operating profit for the first half of 2024, driven by robust pricing strategies and the introduction of new vehicle models. The French car manufacturer posted an operating margin of 8.1%, an increase from 7.6% in the same period last year and surpassing the anticipated 7.9%. The automaker’s revenue for the first half of the year reached €26.96 billion ($29.26 billion), reflecting a modest 0.4% increase compared to the previous year and exceeding market forecasts of €26.9 billion. This growth is attributed to strong sales of hybrid models in Europe, Renault’s…
Berlin (Business Emerge), July 25: Porsche is intensifying its efforts to restore production levels and shift its spending focus toward a more adaptable product lineup in response to ongoing supply chain disruptions, sluggish electric vehicle (EV) demand, and a decline in sales in China. The luxury car manufacturer has been grappling with these challenges in recent months. In light of its latest financial results, which analysts described as solid and in line with forecasts, there remains some concern among investors following news of a significant reduction in expected production volumes for the second quarter. This has led to increased skepticism…
(Business Emerge), July 25: BMW has announced a significant recall of 290,000 vehicles in the United States due to potential safety hazards. The recall pertains to certain X3 models, including the sDrive30i, xDrive30i, M40i, and M, which were manufactured between 2018 and 2023. The U.S. National Highway Traffic Safety Administration (NHTSA) reported that the interior cargo rails in these vehicles might become detached during a rear-end collision. This detachment could elevate the risk of injuries during such incidents. To address this issue, BMW will offer free replacements for the rear cargo rail attachment bolts. This proactive measure aims to enhance…