News of New York

Study Reveals: Top Car Brands Symbolizing Success in America
5 March 2024
4130
Revolutionizing Wheels Embracing automotive culture extends beyond transport, embodying individuality, ambition, and status. In a recent study by Tinting Chicago, American automotive desires reveal iconic cars that transcend function to become symbo...
BMW Transforms Munich Headquarters for Full-Scale Electric Production by 2027
10 January 2024
3658
BMW Accelerates Into the Future In a strategic move towards embracing the electric vehicle (EV) era, BMW is injecting €650 million (equivalent to $711 million) to overhaul its primary manufacturing hub in Munich. This major investment, announce...
EV Tax Credit Reductions Hit Tesla, Nissan, GM Models in Latest Update
2 January 2024
3574
Revving Up the EV Tax Credit Turbulence Starting Monday, recent amendments to U.S. Treasury regulations have brought about significant alterations to federal tax credits related to ele...
UAW Files Unfair Labor Charges Against VW, Honda, Hyundai – Key Developments
12 December 2023
3756
Revving Up Change The UAW has taken a resolute stance against anti-union campaigns, recently filing charges against Honda, Hyundai, and Volkswagen. In an empowering video, Fain addressed challenges and discussed the union's strategic appro...
BMW to invest $1.7bn in electric vehicles production in the US
19 October 2022
3756
Electric cars from BMW Germany's BMW is investing $1.7bn in electric car production in the US. The head of the company, Oliver Zipse, told Reuters on Wednesday. He said the company plans to produce at least six models of BMW electric...
Intel plans Mobileye flotation at over $50b valuation
8 December 2021
3507
Mobileye IPO Intel (INTC) shares rose after the company confirmed plans to take its subsidiary Mobileye, a developer of technology for unmanned cars, to an IPO in mid-2022. Intel (INTC) shares, up just 5.5% since the start ...
World's largest lithium producers reported shortages and price increases
10 April 2021
4785
Lithium prices The world's largest lithium suppliers, China's Ganfeng Lithium and US-based Albemarle, warn that lithium prices will continue to rise as the market becomes increasingly imbalanced between supply and demand. The world's major lithium ...
Elon Musk ready to buy a manufacturer of ordinary cars
6 December 2020
3665
Certain conditions of purchase Elon Musk, the main shareholder and manager of Tesla, can buy a manufacturer of ordinary cars one of those specialising in the production of cars with internal combustion engines. However, Tesla's financial situation ...
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