EV maker Polestar to delay fourth-quarter results for a second time
Polestar also requires more time to complete work related to the internal control of its financial reporting as per the Sarbanes-Oxley Act of 2002, the spokesperson said.
Polestar also requires more time to complete work related to the internal control of its financial reporting as per the Sarbanes-Oxley Act of 2002, the spokesperson said.
South Korean exports of environment friendly vehicles fell for the first time in the first quarter after reporting on-year increases in the past 12 quarters, an industry association said on Wednesday.
While acquiring classic wheels is an expensive hobby, with no mechanics and spares, maintaining them is a bigger challenge
Aston Martin, which has launched several new cars over the past year including its next generation sports cars the DB12 and Vantage, stopped production of old models ahead of the ramp up in production of fresh models later this year.
Volkswagen reported Tuesday a more than 20% fall in first-quarter profits as sales slipped but stuck to its 2024 targets, insisting new models will provide a boost. Volkswagen also hopes that plans to cut costs and boost its squeezed profit margins will bear fruit later in 2024.
Domestic sale of MH&ICV in April 2024, including trucks and buses, stood at 12,722 units, compared to 8,985 units in April 2023.
Last month, the company said its domestic sales accounted for 18,700 units while exports totalled to 1,794 units.
The new swift builds on its sporty design which aims to enhance its dynamism and fun-to-drive quotient, the company said.
Tesla plans to implement further job cuts beyond the recent layoff of over 10 percent of its workforce as part of its cost-cutting measures amid challenges in the electric vehicle market, according to a report by US media. Elon Musk, CEO of Tesla, expressed a commitment to stringent headcount and cost reduction in an email, targeting executives who retain staff not meeting high standards.
Hyundai totally sold 58,201 units in April 2023, which posted a Y-o-Y growth of 9.5% with 63,701 units in April 2024. The company’s exports also saw a growth of 58.8% in April 2024 with 13,500 units sold in previous month.
EV portfolio sales account for 34% of total retail.