Nissan is warning that the UK automotive industry is facing a critical situation, with jobs and the sector’s competitiveness in jeopardy unless the government adjusts its electric vehicle (EV) sales targets. For the first ten months of 2024, EVs accounted for only 18% of new car sales in the UK, which is below the 22% threshold set by the government’s quota system. Manufacturers can purchase credits from EV producers like Tesla to meet these targets. However, next year’s planned increase to a 28% minimum target is seen as unrealistic, particularly with declining consumer demand, leaving carmakers vulnerable to significant fines…
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Ford’s ambitious electric vehicle (EV) plans are facing significant challenges as the American automaker has been forced to scale back production of its two latest EV models due to low demand. The Explorer SUV and the controversial Capri, which are both manufactured at Ford’s Cologne factory, are experiencing sales far below expectations. This downturn in demand is attributed to broader weak conditions in the EV market, particularly in Europe, where demand for electric cars, especially in Germany, has been slower than anticipated. The new Ford Explorer SUV, which began production in June, and the electric Capri, which started rolling off…
By Lisandra Paraguassu BRASILIA (Reuters) – Diplomats from the Group of 20 major economies struggled on Saturday to overcome differences on paying to tackle climate change, taxing the super rich and addressing the Ukraine war as they negotiated a joint statement before their leaders’ summit. The G20 summit in Rio de Janeiro on Monday and Tuesday comes as the United Nations COP29 climate talks enter their second week, with negotiators debating a new goal for how much money richer nations will cough up to confront climate change. U.N. officials and other delegates in Baku expressed hopes that a strong message…
Palantir (PLTR 11.14%) has been one of the hottest stocks of the year, rising around 275% as of the time of writing. However, a massive chunk of that gain came right after Palantir’s blowout third-quarter earnings; the stock rose 23% the next day. But that strength has continued well past the day following earnings, as the stock is now up 56% since the company announced outstanding results on Nov. 4. Clearly, many investors are piling into Palantir’s stock, but is that a good idea? After all, the stock has seen a massive run-up and has sky-high expectations built into it.…
The “You’re the Twins’ GM!” series asks our writers to put themselves in the position of a Twins baseball exec, and come up with a realistic plan for the offseason. Here’s what Lou came up with. We invite you to write a blog and share your vision for the offseason! Overall ApproachThis is going to be a pivotal season for the Twins as they try to keep their window of contention open. Despite the epic second-half collapse, the core of this team still has substantial upside, and now is the time to double down on them, especially without the seamless ability…
Hertz has once again apologized for attempting to overcharge a customer. Following incidents where the rental company mistakenly charged drivers of electric vehicles for fuel, it now finds itself in hot water for trying to impose a $10,000 mileage fee on a customer who booked an unlimited-mileage rental and returned the car after racking up an astonishing 25,000 miles. The intense exchange between the customer, whose full name has not been disclosed, and a Hertz employee at an unspecified location was captured on video and shared on social media. The clip, highlighted by travel site One Mile at a Time,…
Michael Van De Poppe Says Bitcoin, Ethereum And Altcoins Close To The Point Where Investors Can ‘Buy The Dip’ Cryptocurrency enthusiasts are closely watching as both Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) near critical buying levels, according to renowned analyst Michael van de Poppe. What Happened: Van de Poppe has identified that Bitcoin and Ethereum are approaching levels where purchasing on dips could prove beneficial. Van de Poppe stressed the significance of “dip buying” for Bitcoin, which is currently trading at $89,250. He pointed out that Bitcoin is nearing its first major point of interest for traders. Don’t Miss:…
Hyundai’s newest hydrogen vehicle is ready for its moment in the spotlight—though some details remain elusive. Named Initium, the Latin term for “beginning” or “first,” this SUV concept provides a glimpse into Hyundai’s upcoming passenger fuel-cell model, set to debut in production form in the first half of 2025. (Quick, someone check in with the Toyota Prius about how it feels regarding this naming choice.) Interestingly, the Latin plural of Initium translates to “mysteries,” an apt descriptor for the technical details of the Fuel Cell Electric Vehicle (FCEV) that Hyundai has yet to unveil. However, the company has shared a…
CAIRO (Reuters) – Two flash bombs were fired towards Israeli Prime Minister Benjamin Netanyahu’s home in the northern Israeli town of Caesarea on Saturday and fell into the garden, police said. Neither Netanyahu nor his family were present and there was no damage reported, it added in a statement. Israel’s President Isaac Herzog condemned the incident in a post on X and said an investigation was underway. “The incitement against Prime Minister Benjamin Netanyahu crosses all boundaries. Throwing a flash bomb into his house tonight is crossing another red line,” Security Minister Itamar Ben-Gvir also said on X. In October,…
Maintaining the proper inflation of your tires is both easy and crucial for optimal vehicle performance. Tires that are properly inflated offer several advantages, including extended lifespan, improved fuel efficiency, quicker steering responses, and a smoother ride compared to tires that are not correctly inflated. Both underinflation and overinflation can lead to issues such as premature tread wear and even tire failure. To get the best performance from your tires, it’s recommended to check your tire pressure monthly. Using a tire pressure gauge is a straightforward task. Here’s a step-by-step guide on how to check your tire pressure and inflate…