BYD Auto’s Dynamic Expansion in Japan – Opening ‘BYD AUTO Yamanashi
**July 31, 2023 – A New Day for BYD Auto in Japan** In a groundbreaking announcement on this day in New York, BYD Auto Japan declared the grand opening of their eighth dealership in Japan, “BYD AUTO Yamanashi” in the city of Kofu, Yamanashi Prefecture. This move marks BYD’s strategic expansion in the Japanese market,…
CATL Aims to Raise $1.5 Billion for Global Supply Chain Development
July 13, 2024 – According to a report by the Financial Times today, CATL, the world’s largest electric vehicle battery manufacturer, is currently in negotiations with overseas sovereign wealth funds and the private offices of ultra-high-net-worth individuals to raise a $1.5 billion fund for establishing its global supply chain. The report, citing informed sources, stated…
Napoleonic Wars to WWII: Mercedes Logo Supplier’s Journey Ends in Bankruptcy
December 30, 2024 – Gerhardi Kunststofftechnik GmbH, a German plastics technology company that survived Napoleon’s invasion, the Great Depression, and two World Wars, has succumbed to the current downturn in the European automotive industry. Established in 1796, Gerhardi Kunststofftechnik initially began manufacturing metal products. Its mastery of injection molding and hot stamping led it to…
Tesla Surpasses Mercedes & BMW, Claims Top Spot on South Korea’s Imported Car Sales Chart in May
June 9, 2025 – Tesla has firmly held its position among the top five imported car brands in the South Korean market since August last year. At one point, it even climbed to the third spot. However, it has consistently lagged behind the two German luxury automotive giants, Mercedes-Benz and BMW. According to data released…
Mercedes – Benz Reports 31.6 Billion – Euro Q1 Revenue with 27% China Sales Plunge
April 30, 2026 – Mercedes – Benz has just unveiled its financial results for the first quarter of 2026. The figures reveal that the company’s operating revenue in this quarter stood at 31.602 billion euros, marking a 4.9% year – on – year decline. This indicates that Mercedes – Benz is facing certain growth pressures…
Ford Announces 4,000 Job Cuts in Europe Amid Passenger Car Struggles
November 21, 2024 – Ford Motor Company has announced plans to lay off 4,000 employees in Europe, primarily affecting its operations in the UK and Germany. The decision comes as the automaker expresses concerns over the “health” of its passenger vehicle business. According to Ford, the company has suffered “significant” losses in recent years due…
Gurman: Apple Ramps Up AI Smart Glasses Project, Eyes 2026 Launch
May 23 2025 – Apple is reportedly accelerating its efforts to develop smart glasses, with the aim of unveiling its first-ever product in this category by the end of 2026, according to Bloomberg’s Mark Gurman today. The move is part of the tech giant’s broader strategy to capture a larger share of the market for…
Uber partners with car manufacturers for low-cost electric vehicles for ride-hailing and delivery
Uber is reportedly working with car manufacturers to design cost-effective electric vehicles for its ride-hailing and delivery services. This is part of the company’s effort to electrify its fleet. Uber CEO Dara Khosrowshahi announced at an event that the company is collaborating with manufacturers to develop vehicles that are optimized for urban use, transporting passengers…
The Ive Effect: How OpenAI’s $715M Deal Catapults Apple Legend into Wealth Stratosphere
May 27 2025 – Legendary iPhone designer Jonathan Ive is on the verge of joining Forbes’ exclusive billionaires’ club, following a major acquisition deal that could significantly boost his net worth in the coming years. OpenAI, the artificial intelligence research lab, recently announced plans to acquire Ive’s AI hardware startup, io, in a deal that…
iPhone 16 Series: A Sneak Peek into the Future of Apple Smartphones
April 29, 2024 – Recently, a set of spy photos showcasing models of the upcoming iPhone 16 series has surfaced online, sparking excitement among tech enthusiasts. These leaked images, purportedly from X user Sonny Dickson, reveal a glimpse into the potential design of the next-generation iPhones. However, it’s worth noting that the camera modules depicted…