Audi CEO shares future plans with a glimpse of the new Audi A5 family

The CEO of Audi, Gernot Döllner, described the automaker’s plans to introduce new models in 2024 and 2025, noting that the Q6 e-tron’s debut this spring approved Audi’s model initiative. The first teaser of the A5 family’s tail light and rear light bar, which are Continue Reading

Boeing Plans to Repurchase Spirit AeroSystems for Billions of Dollars in Order to Address Safety Concerns

In an effort to stabilize its supply chain after a turbulent year, Boeing said on Monday that it will reassert Spirit AeroSystems as a supplier. Spirit’s net debt plus the aerospace giant’s purchase price of around $8.3 billion, or $37.25 per share, will be paid. Continue Reading

A Joint Venture with Volkswagen Provides Rivian with a $5 Billion Lifeline

As manufacturers of all sizes reevaluate their approaches in a stalling electric-vehicle industry, Rivian Automotive Inc. will receive a much-needed cash infusion through a new cooperation with Volkswagen AG. Plans for a joint venture between the firms were unveiled, with VW contributing an initial $1 Continue Reading

BMW is Reimagining the 1 Series as an Aggressive Electric Hatchback

Sources close to the German automaker claim that BMW has approved the new electric i1 and i2 models. The two new models, which are now being developed at the company’s FIZ R&D center in Munich, will be offered for sale later this decade alongside modernized Continue Reading

Audi Debuts the All-New E-Tron GT, with the Performance Model Emerging as the Brand’s Most Potent Road Car in Production

Audi has unveiled the revamped e-tron model, which includes a range-topping Performance variant with 912 horsepower, new exterior style, a larger battery capacity, and a reduction in overall weight. The e-tron’s improvements are consistent with those made to the Porsche Taycan, which forms the bulk Continue Reading

FAA Will not Authorize a Rise in 737 Max Production Anytime Soon

The chairman of the Federal Aviation Administration intimated that more 737 MAX 9 aircraft production is not imminent when he stated on Thursday that the company has not yet received approval to increase production. Following a three-hour meeting with Boeing, FAA Administrator Mike Whitaker told Continue Reading

AI Language Translator DeepL Secures $300M at $2B Valuation to Grow B2B Focus

Increased capital is flowing into AI-focused firms. DeepL, a company that creates writing and text translation software to rival services like Grammarly and Google Translate, announced on Wednesday that it had raised an extra $300 million. $2 billion is its current post-money valuation. This round, Continue Reading

Finout, a Cloud Cost Optimization Business, Secures $26.3 Million in Series B Funding

The financial operations startup has announced that it has raised $26.3 million in a fresh investment round. The service helps businesses manage, allocate, and minimize cloud spending across any cloud infrastructure platform. Leading the Series B investment was Red Dot Capital, accompanied by Team8, Pitango, Continue Reading

Walmart Experiences a Spike in Commerce as Consumers Look For Deals

Walmart has profited from its pricing advantage, with prices about 25% lower than traditional supermarkets, according to analysts at Evercore IRI. Groceries make up more than half of Walmart’s revenues. Walmart claims that its increases in the most recent quarter were “primarily driven by upper-income Continue Reading