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 scheduled to make their global debut on July 16, 2024, […]
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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. The purchase is slated to finalize in mid-2025, and Spirit […]
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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 billion to Rivian and perhaps up to $4 billion more […]
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With no SUVs, where would BMW be today? The brand may be even more beloved by purists, but accountants in Munich would struggle to analyze the statistics. Over the past few years, the company has grown to become the largest premium manufacturer in the world, pushing Mercedes-Benz to the back burner. BMW’s success has been […]
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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 iterations of the 1 Series and 2 Series, which are […]
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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 of its structural foundation. Increased performance range and quicker charge […]
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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 reporters at a press conference on Thursday that the agency […]
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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, which was spearheaded by Index Ventures, demonstrates the fervent interest […]
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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, Jibe Ventures, and newcomer Maor Investments. With this round, Finout […]
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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 households,” despite the fact that low- and middle-class consumers have […]
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