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Mobileye’s supply glut warning rattles auto chip stocks – ET Auto

Baua Electric

(Reuters) Self-driving technology company Mobileye Global warned on Thursday that a pullback in orders from customers clearing excess inventory will batter its results this year, sparking a selloff in the shares of auto chip suppliers. Shares of the Israel-based company, whose customers include Volkswagen and Porsche, tumbled 28.2%

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First Shift: Car applied sciences in Israel Video from Car Information

Baua Electric

• Israeli tech • GM-Tesla charging pledge • $500M Texas funding • Bosch’s software-focused year • Porsche’s Venture X The post First Shift: Car applied sciences in Israel Video from Car Information appeared first on Bauaelectric Auto News.

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Genesis is quietly outpacing luxury rivals as EV availability expands into new states

Baua Electric

The luxury Genesis brand is outpacing rivals, closing in on Porsche and Land Rover in sales as its all-electric models expand into new states. The brand’s closest rivals include Porsche (75,415), Land Rover (71,727), Lincoln (81,818), and Volvo (128,350). FTC: We use income earning auto affiliate links.

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Alaska legal professional basic recordsdata client coverage lawsuit towards Swickard Auto

Baua Electric

Swickard Auto owns 8 dealerships in Alaska promoting the Chevrolet, GMC, Buick, Cadillac, Audi, Mercedes-Benz, Volkswagen and Porsche manufacturers. He used to be instructed the cost of the car used to be mistaken at the commercial, and the auto used to be no longer to be had. ” Swickard Auto of Las Vegas, Nev.,

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Tesla gets stern snub from its new home state’s EV rebate program

Teslarati

Tesla may consider Texas as its new home after establishing a Gigafactory in the state, but the EV maker is still getting the cold shoulder from the local auto market. Just recently, for example, Texas released a list of electric and electrified vehicles that are eligible for its Light-Duty Motor Vehicle Purchase or Lease Program.

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Volkswagen faces mounting pressure from Tesla and BYD

Teslarati

During the pandemic, Volkswagen fell behind in the Chinese auto market as companies like BYD, Nio, and Tesla took over, with the competition nearly doubling the market’s EV and hybrid offerings (via Bloomberg ). Foreign Minister Annalena Baerbock highlighted the urgency of the situation at the Münich Car Show last week.

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2024 Nissan Z Nismo, 2025 Genesis GV80 Coupe: This Future’s Manage Footage

Baua Electric

Porsche 911 GT3 R Rennsport For extreme observe rats, Porsche rolled out a observe automobile derived from its 911 GT3 R race automobile. The post 2024 Nissan Z Nismo, 2025 Genesis GV80 Coupe: This Future’s Manage Footage appeared first on Bauaelectric Auto News.

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