Automotive
Volvo unveils EX60 electric SUV with up to 400-mile range
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Volvo has officially revealed the EX60, a new all-electric midsize SUV offering up to 400 miles of EPA range and advanced AI features. The vehicle comes in multiple powertrain variants, starting production in April 2026 at around $60,000. It incorporates cutting-edge hardware from Nvidia and Qualcomm, along with Google's Gemini AI assistant.
Hyundai Motor Group is seeking to restore its relevance in China, but analysts say the odds of a meaningful turnaround are slim in the hypercompetitive auto market. Beijing Hyundai, the joint venture with BAIC Group, stated it will open core capabilities in electrification and intelligent technologies, dispatch senior experts, and introduce the premium brand.
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Daihatsu Motor Co., owned by Toyota, has begun selling two new commercial electric vehicles designed for deliveries to homes and businesses. The e-Hijet Cargo and premium e-Atrai, both kei lightweight models, mark Daihatsu's first mass-produced commercial EVs with a single-charge range of 257 kilometers.
Waymo-backed robotaxis are quietly operating on Tokyo's streets as tests continue. The trials, conducted by Japanese taxi firm Nihon Kotsu in partnership with the California-based Waymo, could see a service rollout in Japan by 2026, though no firm date has been set.
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Toyota announced a recall of about 162,000 pickup trucks in the United States due to multimedia displays that could compromise driver safety. The recall affects the 2024-2025 model year Tundra and Tundra Hybrid trucks.
General Motors ritiene che l'Egitto abbia i fondamentali per diventare un centro regionale per la produzione automobilistica ed esportazioni verso Medio Oriente e Africa. Sharon Nishi, presidente e direttrice generale di General Motors Egypt & Africa, ha detto a Daily News Egypt che l'azienda sta lavorando a stretto contatto con il governo egiziano per sviluppare politiche di supporto volte a incrementare le esportazioni e approfondire la produzione locale. Ha notato che la strategia recentemente annunciata per l'industria automobilistica egiziana rappresenta un primo passo cruciale verso la costruzione di un settore più strutturato e competitivo.
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U.S. activist fund Elliott Investment Management has opposed the proposed ¥6.1 trillion ($39 billion) privatization of Toyota Industries, urging other minority shareholders to resist the bid. The fund argues the company could achieve greater value on its own. Toyota Group's revised offer stands at ¥18,800 per share, while Elliott values it at ¥26,000 per share intrinsically.
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