BMW Plans Limited Run of 20-25 Skytop Concept Cars

May 29, 2024 – Adrian van Hooydonk, the Design Director of BMW Group, recently hinted at the possible limited production of the newly unveiled concept car, Skytop, at the just-concluded Concorso d’Eleganza Villa d’Este in Italy. According to Hooydonk, the company might manufacture between 20 to 25 units of the Skytop by 2026, depending on…

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Faraday Future Faces Uncertainty: Delivered Only 4 FF 91 Futurist Cars Last Year

May 29, 2024 – Faraday Future (FF), the electric vehicle startup, has recently disclosed its financial results for the fourth quarter and full year ended December 31, 2023. The report reveals that the company generated a meager revenue of 800,000fortheentireyear,whileincurringsalescostsof43 million. Interestingly, the report states that there was no revenue or sales cost in 2022,…

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Volkswagen CFO Advocates Cost Reduction Over Tariffs to Compete With Chinese EVs

May 27, 2024 – According to a report by Bloomberg, Arno Antlitz, the Chief Financial Officer of Volkswagen, stated this week that imposing higher import tariffs on Chinese-made electric vehicles by the European Union would only provide a “temporary breather.” In the long run, he emphasized, cost reduction remains the essential condition for maintaining competitiveness….

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