German Antitrust Authority Gives Green Light to Volkswagen-Rivian Joint Venture
July 30, 2024 – The German antitrust regulatory authority, the Bundeskartellamt, announced on July 29 local time that it has approved the establishment of a 50%-50% joint venture between Volkswagen and the American automotive startup Rivian. The regulator also gave the nod for Volkswagen to acquire a minority stake in Rivian. Volkswagen had previously declared…
SpaceX’s Next Starship Launch Targets Mid-Season with 50% Capture Prospects
July 29, 2024 – Following the successful test flight of its Starship rocket, SpaceX is gearing up for an even more challenging mission. Elon Musk, the founder and CEO of SpaceX, announced during a live broadcast on X Takeover that the company’s fifth orbit test flight (IFT-5) of Starship is scheduled for late August or…
FSD Feature Expected to Be Available for Cybertruck in the Coming Month
July 29, 2024 – During the X Takeover live event, Elon Musk, the CEO of Tesla, revealed that the latest version of FSD (Full Self-Driving, Supervised), v12.5, is expected to be available for the Cybertruck in mid-August. According to Musk, the new FSD update should be operational on the Cybertruck within the next two to…
TikTok Rolls Out New Feature: Search Short Videos by Song
July 29, 2024 – TikTok, the popular short-video platform, is currently testing a new feature called “Sound Search,” which brings the familiar music recognition function from music apps into the realm of short videos. According to a report by TechCrunch, the “Sound Search” feature allows users to find the songs they want to listen to,…
Facing Profit Decline, Stellantis Considers Shutting Down or Selling Unprofitable Brands
July 29, 2024 – Following a significant drop in profits during the first half of this year, Stellantis CEO Carlos Tavares has indicated a possible sale of the company’s underperforming brands. In an interview on the 26th, as reported by Autocar, Tavares warned, “If they are not profitable, we will shut them down. We cannot…
J.D. Power Study Reveals Tesla’s Dip in Consumer Satisfaction, While Traditional Carmakers Gain Ground
July 29, 2024 – According to the latest J.D. Power 2024 U.S. Automotive Performance, Execution and Layout (APEAL) study, consumer satisfaction with Tesla has declined, while brands like Rivian, Porsche, and Jaguar have emerged at the forefront of the rankings. The study, based on surveys of 99,144 owners of 2024 model-year vehicles, evaluated consumer satisfaction…
Breaking News: Fujifilm to Release GFX Medium Format Camera with 28mm F/3.2 Lens in 2024
July 26, 2024 – Exclusive Insights into Fujifilm’s Upcoming GFX Fixed-Lens Medium Format Camera In a groundbreaking revelation today, FujiRumors has unveiled comprehensive details about Fujifilm’s forthcoming GFX fixed-lens medium format digital camera, slated for release next year. This innovative offering promises to revolutionize the photography landscape with its unique blend of features, centered around…
Musk Announces Plans to Discuss Tesla’s Investment in xAI with Board of Directors
July 26, 2024 – In a recent development, Elon Musk, the CEO of Tesla, has announced his intention to engage in discussions with the company’s board of directors regarding a potential investment in xAI, his latest venture in the realm of artificial intelligence. This announcement follows a poll conducted by Musk on a popular social…
Porsche’s Dual Strategy: Fuel and Hybrid Cayenne Models to Persist Post-2030
July 26, 2024 – Porsche has announced a strategic shift in its product lineup, revealing that its flagship SUV, the Cayenne, will continue to offer gasoline and hybrid variants beyond 2030. This decision underscores the company’s commitment to providing customers with a diverse range of powertrain options for the next decade. The German luxury automaker…
Stellantis CEO: We’re Ready to Take on Chinese Electric Vehicles in Europe
July 26, 2024 – Stellantis, the automotive giant, has declared its commitment to tackling the formidable impact of Chinese electric vehicles (EVs) on the European market. At the opening ceremony of a new electric vehicle production line in Serbia, CEO Carlos Tavares stated, “We are poised to face the fierce challenge posed by Chinese automakers…