Carmakers need to be tech-savvy to get an edge in China’s EV market
Cutting prices no longer gets you very far in China’s electric car market. BYD’s sticker price of $11,000 for its lower-end electric vehicle
“It wouldn’t surprise me if they see an outflow of clients over the next six months,” one user told MarketWatch.
Ford has hit the reset button on global electrification, so where does that leave its future model plans?
Toyota Motor is testing the new battery-electric Hilux pickup truck to assess its performance in different conditions as the car maker prepares to manufacture the vehicle in Thailand by the end of 2025, an executive said on Thursday. Pickup trucks make up more than half of total vehicle sales in Thailand, a critical market for Toyota that has been flooded by a wave of Chinese electric vehicle makers and where the Japanese auto giant has a large manufacturing base. "Our intention is to be producing the Hilux BEV over here," Pras Ganesh, executive vice president of Toyota Motor Asia told Reuters on the sidelines of the Future Mobility Asia summit, referring to the battery-electric vehicle.
The 35-year-old Bank of America investment banker who died from a blood clot earlier this month wanted to leave the U.S. bank because he was working more than 100 hours a week, according to an executive recruiter who spoke with him about seeking a new job. Junior banker Leo Lukenas III died of an acute coronary artery thrombus, a type of blood clot, the New York Office of the Chief Medical Examiner said last week. Lukenas said in mid-March that he wanted to leave Bank of America because of the grueling hours, Douglas Walters, a managing partner at GrayFox Recruitment, told Reuters in an interview.
Walmart on Tuesday announced layoffs affecting several hundred jobs at the retail giant’s campus offices. It also said it will require most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to its primary offices in Bentonville, Arkansas; Hoboken, New Jersey; and the San Francisco Bay Area. The news, conveyed via a Walmart staff memo provided to The Associated Press, said the relocations will serve the goal of “bringing more of us together more often.”
Vehicle prices continued their downward trend in April as costs continue to moderate from pandemic-era highs.
The retail giant posted strong numbers as Americans look to stretch their dollars.
They appear like ghosts in the night, standing outside your house, one holding up an antenna while the other crouches next to the car parked on the driveway. Within seconds, your car is gone, yet another victim amid a surge in auto theft enabled by the technology designed to make it easier to unlock and start vehicles. Auto technology has evolved and many newer cars use wireless key fobs and push-button starters instead of traditional metal keys.
RIO DE JANEIRO (Reuters) -The next chief executive of Petrobras, Magda Chambriard, arrives with the résumé and mandate to make Brazil's state-run oil firm what it was under prior Workers Party governments: an engine of job creation and industrial development, said people familiar with the matter. President Luiz Inacio Lula da Silva - who used Petrobras to spur domestic shipbuilding and major refinery projects during his earlier 2002-2010 presidency - has tapped the four-decade petroleum industry veteran to reboot that vision, sources said. Petrobras shares tumbled on Wednesday on news of the CEO swap, as investors balked at the prospect of more intense capital spending that may mean sacrificing the generous dividends of recent years.
Tesla threatened to fire a law firm over Charles Elson’s objections to the CEO’s proposed pay package, an email suggests.