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If you think that electric-vehicle startups like Tesla would push mainstream automakers out of the EV game, think again. In fact, General Motors has had such strong demand for the Chevy Bolt that it had to increase production. In its financial reports for the first half of this year, GM confirmed that it’s ramping up production of the electric hatchback by 20 percent thanks to strong demand in the US, Canada, and South Korea. Global sales of the Bolt have been up more than 40 percent from January through June of this year. Chevy sold 7,858 units of the Bolt just in the US so f...
It’s crazy to think we live in a world where the average car horsepower rating is 296. In a year, this number is expected to increase to 300. And despite cars getting more powerful, they’re significantly more fuel-efficient than ever before. The average fuel economy rating of new vehicles has climbed 24 percent since 2008 based on data analysis by Edmunds. On the other hand, the average horsepower rating has increased by 14 percent in the same period and has jumped by three percent this year alone. Decades ago, if you wanted a fuel-efficient car, you would most likely be...
Hydrogen fuel-cell technology is promising but also requires a lot of investment. And while some automakers are going at it alone, others are collaborating on fuel-cell development. Audi and Hyundai announced a joint initiative that will see the two sharing technologies, cross-licensing patents and giving each other access to non-competitive components. The idea is to put fuel cells into volume production faster and more efficiently. Both carmakers have been investing heavily in fuel-cell development for years. Audi rolled out its first A2H2 prototype in 2004, the Q5 HFC in 2008, an...
Since the early 20th century, visionaries, investors, and automakers have played with the idea of a flying car. Audi, along with Airbus and several government entities, has signed a letter of intent to start the Urban Air Mobility project in Ingolstadt, Germany. The press release calls out the Pop.Up Next concept displayed earlier this year at the Geneva Motor Show. That concept worked by building an electric car that could detach from its motorized base and fly around the city via a quadcopter. The motorized base would need full, level 5 autonomous driving technology as the system ...
Volvo set out new ambitious targets for itself, saying it expects a third of all cars sold to be self-driving vehicles and half of all cars it offers to be available through its Care by Volvo subscription service, creating direct links to 5 million customers, all by the middle of the next decade. These business goals add to previously stated target that half of Volvo’s car sales will be pure electric vehicles by 2025. Volvo thinks that these initiatives will help it transform its connection to consumers and help it develop new connected services for consumers and generate prem...
