Dabbie Davis
Global EV Market Faces Expected Downturn, Says Battery Producer LG
the South Korean battery manufacturer expects a temporary EV industry slowdown in the upcoming year, citing factors like conservative OEM inventory practices and metal price declines. LGES, a key supplier to Tesla, General Motors, and Volkswagen, reported a notable operating profit increase in the last quarter.
By Dabbie Davis
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Toyota's Chairman Stands Firm on Electric Car Skepticism and Forecast, EV Peak only at 30%
Akio Toyoda, Chairman of Toyota, reiterates his skepticism about electric cars, predicting a market share capped at 30%. Despite Norway and Sweden's success with EVs, Toyoda remains a vocal critic, advocating for a focus on hybrid and hydrogen technologies, especially in regions lacking electricity access.
By Dabbie Davis
Ford Takes Action: Recalling 1.9 Million Explorers for Safety Concerns Over Trim Piece Risk
Ford is recalling about 1.9 million Explorer SUVs in the United States due to concerns over a trim piece detaching, potentially endangering drivers. The recall covers models from 2011 through 2019, affecting nearly 20 million Ford Explorers. Clips securing the trim near the windshield have the potential to come loose, posing a safety risk.
By Dabbie Davis
