-
As auto insurance premiums soar, particularly for young drivers, families are exploring various strategies to mitigate costs. Recent proposals for graduated licensing in the UK aim to reduce accidents among new drivers, while parents face significant premium increases as they add teenage drivers to their policies.
-
Scout Motors has introduced pre-production models of the Terra pickup and Traveler SUV, set for production in 2027. Both vehicles will offer fully electric and extended-range options, targeting affordability in the U.S. EV market. Reservations are now open with starting prices below $60,000.
-
Toyota, Nissan, and Honda report significant profit declines due to fierce competition in China and a slow transition to electric vehicles. Toyota's profits dropped to $3.7 billion, while Nissan announced job cuts and a 70% reduction in profit outlook. The automakers face challenges from local rivals like BYD, which are rapidly gaining market share.
-
Chinese electric vehicle maker BYD plans to launch its Sealion 07 SUV in Europe in 2025, despite new tariffs imposed by the EU and US on Chinese EVs. The company remains confident in its competitive pricing and market strategy as it seeks to grow its international presence.
-
President-elect Donald Trump has appointed Elon Musk to head the newly established Department of Government Efficiency (DOGE), aiming to cut federal spending and restructure agencies. Musk, alongside Vivek Ramaswamy, plans to eliminate wasteful expenditures, potentially slashing at least $2 trillion from the budget by July 2026.
-
Elon Musk and Vivek Ramaswamy have been appointed to lead the Department of Government Efficiency (DOGE), aiming to cut $2 trillion from the federal budget. However, the initiative has raised concerns about its feasibility, potential conflicts of interest, and the lack of formal governmental authority.
-
Elon Musk's close ties with Donald Trump and Xi Jinping position him as a key player in shaping U.S.-China relations and autonomous vehicle regulations. His influence could significantly impact Tesla's future and the broader tech landscape as Trump prepares for his second term.