BMW Skytop Enters Production: 50-Unit Global Limit, 617 HP V8, 0-62 mph in 3.3 Seconds
October 11, 2024 – According to a report published today by carscoops, BMW has commenced mass production of its Skytop sports car, with a strictly limited edition of only 50 units worldwide. Remarkably, all 50 cars have already been fully booked and sold out. Initially unveiled as a concept car at the Concorso d’Eleganza Villa…
GM Overtakes Ford, Claims Spot as US’s Second-Largest EV Maker
October 11, 2024 – At its 2024 Investor Day on Tuesday local time, General Motors proudly declared, “We are now the second-largest electric vehicle manufacturer in the United States.” Having surpassed Ford in the third quarter of this year, GM has solidified its position as the second-biggest EV brand in the country. Amid falling EV…
Negotiation Stalemate: Boeing Rescinds 30% Wage Hike Offer to Strikers
October 10, 2024 – In a move that has escalated tensions, aerospace giant Boeing has withdrawn its wage increase proposal to striking workers, citing a breakdown in negotiations with union representatives. The company has placed blame on the union for not giving due consideration to its offer. The International Association of Machinists and Aerospace Workers…
Honda Recalls 1.7 Million Vehicles in U.S. Due to Steering System Fault
October 10, 2024 – The U.S. National Highway Traffic Safety Administration announced on Wednesday that Honda will recall approximately 1.7 million vehicles in the United States due to a potential steering issue that could elevate the risk of crashes. The recall includes several popular models, such as the 2022-2025 Honda Civic Type R, Acura Integra,…
OpenAI Forecasts 2029 Profitability After Anticipated $14B Loss in 2026
October 10, 2024 – According to a report by The Information, OpenAI predicts that it will achieve profitability by 2029, with revenues reaching $100 billion. However, until this point is reached, the company faces significant financial challenges. Based on an analysis of OpenAI’s financial documents, The Information estimates that the company could incur losses of…
Apple Veteran Dan Riccio Bows Out, Leaving Vision Pro as His Swan Song
October 10, 2024 – Bloomberg reports that Dan Riccio, a longtime Apple employee, is set to retire from the company later this month, marking the end of a 26-year career. Riccio, who most recently served as the Vice President of Engineering overseeing the development of Vision Pro, reported directly to Apple CEO Tim Cook. His…
Apple Maintains Stronghold in U.S. Teen Market: 87% Own an iPhone
October 10, 2024 – In Piper Sandler’s latest 2024 fall survey, emerging trends among U.S. teenagers reveal Nike’s continued dominance as their favorite brand, while Apple’s iPhone maintains its strong foothold in the youth market. The survey, which polled over 13,500 teens from 47 states, highlighted that 87% of the respondents own at least one…
Fisker’s Demand for Owners to Cover Recall Labor Costs Rejected by U.S. Justice Department
October 9, 2024 – Fisker, the struggling electric vehicle manufacturer, has sparked controversy with a proposal asking owners to bear the labor costs associated with multiple recall-related repairs. However, the U.S. Department of Justice, on behalf of the National Highway Traffic Safety Administration (NHTSA), has stated that such a move would be illegal under federal…
OpenAI Establishes Second Asian Office in Singapore, Following Tokyo
October 9, 2024 – On Wednesday, American artificial intelligence (AI) company OpenAI announced plans to open an office in Singapore later this year and has already begun assembling a team in the country. According to the company, Singapore will serve as a hub for supporting clients and partners in the Asia-Pacific region. The team will…
Lamborghini CTO: Timing Not Ripe for Fully Electric Supercar, Focus Remains on Hybrids
October 9, 2024 – At the recent Urus SE unveiling, Lamborghini Chief Technical Officer Rouven Mohr expressed skepticism about the current market readiness for a fully electric supercar. “The timing isn’t ripe yet for introducing an electric supercar,” Mohr stated. “There are already numerous electric models on the market, but they haven’t achieved true success.”…