Industry News
I cannot recall a time when a well-established high-end German manufacturer declared bankruptcy; it is indeed a rare occurrence. However, that rare occurrence has now befallen Recaro Automotive, a manufacturer of high-end sports seats favoured...
By DCB Editorial
July 31, 2024
The old adage that “what goes up must come down” doesn’t always hold true. Sometimes, gravity plays unusual tricks on the mind’s eye. In the world of Lamborghini, their accountants must forgo Newton’s laws of...
By DCB Editorial
July 29, 2024
Chinese electric vehicle maker Xpeng has announced the establishment of project houses in collaboration with Volkswagen to expedite the development of new EV architecture. These so-called project houses, located in Guangzhou and Hefei, China, will...
By DCB Editorial
July 22, 2024
Porsche has ceased production of combustion-engine versions of the Macan for European Union markets due to non-compliance with new EU cybersecurity regulations aimed at protecting vehicles from potential hacking threats. Following the complete halt of...
By DCB Editorial
July 9, 2024
Bankrupt Fisker has petitioned a bankruptcy judge overseeing its Chapter 11 proceedings to authorize the sale of more than 3,000 Ocean electric SUVs from its inventory at approximately $14,000 per vehicle to a vehicle-leasing company....
By DCB Editorial
July 5, 2024
MG and Nio are considering raising prices for their China-manufactured cars in Europe following the European Union’s confirmation of tariffs on imported Chinese EVs. Meanwhile, Renault’s budget Dacia brand has declared it will not increase...
By DCB Editorial
July 5, 2024