FutureCar Staff
Articles
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Electric Nissan Juke: A Sneak Peek at the Future
Nov 27, 2023 10:19 PM WSTNissan is preparing to release an all-electric version of the popular Juke crossover SUV. The new model is expected to have more interior space and will share electric vehicle technology with the upcoming Renault 5. The design of the new Juke is likely to be influenced by Nissan's Hyper Punk concept car, featuring sharp edges and geometric detailing. It will maintain a smaller footprint than the Ariya SUV.
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Electric cars set to become more affordable
Nov 27, 2023 10:18 PM WSTAutomakers are slowing down EV production due to high prices, but there are three reasons why electric cars will soon become more affordable. Firstly, the cost of battery packs is decreasing, with prices estimated to fall by 40% by 2025. Secondly, expanding charging networks will reduce the need for expensive, long-range batteries, making EVs lighter and cheaper. Finally, economies of scale will bring down costs as more EVs are produced.
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Major creditor in talks to acquire Volta Trucks
Nov 27, 2023 10:18 PM WSTLuxor Capital Group is in advanced talks to buy Volta Trucks, which filed for bankruptcy last month. The collapse of its battery supplier and reduced vehicle production impacted the company's ability to raise capital. Luxor Capital Group, a shareholder and lender to Volta, is reportedly close to reaching an agreement to buy the business. This could secure the future of the company and potentially save 850 jobs.
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Chinese EV maker's valuation close to Tesla
Nov 27, 2023 10:17 PM WSTToni Sacconaghi, a Bernstein analyst, believes that investing in BYD Co Ltd, a Chinese electric vehicle maker, is a great opportunity as the stock is currently down about 20% from its year-to-date high. Sacconaghi is bullish on BYD stock because the company is growing faster than Tesla Inc. Despite generating slightly lower revenue than Tesla, BYD has a significantly lower market cap. Sacconaghi rates Tesla as underperform and expects BYD to be more attractive in terms of valuation and revenue.
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EVs' Limited Success in the U.S., Excluding Teslas
Nov 27, 2023 10:17 PM WSTMazda CEO says EVs are not popular in the US, except for Teslas. Mazda pulled its MX-30 electric crossover from the market due to poor sales, but plans to launch another EV by 2025. The CEO believes that the share of EVs in the US market is small, with Tesla dominating. Lack of charging stations and consumer choice are also cited as barriers to EV adoption. Mazda's previous attempt at selling an EV in the US, the MX-30, failed due to limited range and availability.
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Toyota's Dedication to Quality Shines in Century Bolt Tightening Process
Nov 27, 2023 10:16 PM WSTToyota craftspeople spend 12 times longer tightening bolts on the Century SUV than any other car. A team of 40 skilled workers, hand-picked from 1,500 employees, meticulously handcraft the Century. They undergo a rigorous three-part exam to secure their place on the assembly line. The workers use a combination of hand tightening, fastening tools, and digital torque wrenches to achieve the required precision.
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Tragic Accident: Bentley's Speed Questioned in Niagara Falls Deaths
Nov 27, 2023 10:16 PM WSTA Bentley with a 542-horsepower engine exploded near Niagara Falls, killing the occupants. The car's absurd speed raises questions about why someone would own a vehicle capable of going 175 mph. The high price tag of over $200,000 suggests that people are willing to pay for such power. However, American roads are not designed for racing, and driving at dangerous speeds increases the risk of fatal accidents.
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Accelerating Car Development with Mazda-backed AI Firm
Nov 27, 2023 10:15 PM WSTBritish AI firm Secondmind has raised £16 million in funding, with Mazda investing an undisclosed amount. Secondmind's AI technology has the potential to reduce a car's development time from years to months, leading to fewer errors in design and testing, as well as a 40% decrease in costly prototypes. Mazda plans to use Secondmind's tech to cut engine calibration time by half. This partnership builds upon their existing three-year collaboration to simplify EV design and development.
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Tesla's triumph over Swedish labor unions and government in battle for business.
Nov 27, 2023 10:14 PM WSTA Swedish court has granted Tesla a temporary injunction to receive license plates for its cars, providing some relief from an ongoing strike. The strike, involving members of an industrial union at Tesla-owned repair shops, has garnered support from eight other unions. Postal workers have also taken sympathy action, disrupting the delivery of license plates.
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Hyundai acquires GM plant in India
Nov 27, 2023 10:14 PM WSTHyundai Motor Group has acquired General Motors India's Talegaon plant in an effort to strengthen its position in the rapidly growing Indian automobile market. The deal will increase Hyundai Motor India's production capacity to 960,000 units per year, with a goal of producing around 1.4 million units annually. This acquisition allows Hyundai to establish a local production system for electric vehicles and better compete in the world's third-largest automobile market.
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