DETROIT - Long-time auto expert Paul Eisenstein returns to MITechTV to provide the latest Detroit auto updates. Those include auto makers rethinking EV schedules, and also how to deal with the huge cost and labor savings held by Tesla and China's BYD, the world's lowest cost Electric Vehicle makers. Stellantis, the former Chrysler, looking at
DETROIT – GM is updating its Wuling Bingo for 2024 to compete more effectively with the popular BYD Seagull in China's small EV market. The new Bingo maintains its retro design but offers improved performance, including a higher top speed of 81 mph for top models, matching the Seagull, and competitive pricing. 1. The BYD
DETROIT - Despite a bumpy 2023, Cruise LLC isn’t nearing the end of the road yet. General Motors, its parent company, said last week that it would invest an additional $850 million into the autonomous vehicle developer. To date, GM has invested more than $8 billion into Cruise and hasn’t yet seen much of a
The Chinese industry is monopolizing the production of EVs, while in America we try to overtake them with the same technology. However, Japan has just taken a step forward with a new generation of engines that has the experts in shock. The reason? You may be familiar with them: they only emit water vapor, they are combustion engines, and they will
Hydrogen is the fuel of the future, surpassing even EVs in interest. However, there are still brands that have yet to be able (or willing) to join this revolution in mobility. Just when Toyota or even Bosch are doing it, a legendary German carmaker has wanted to join: this is Volkswagen’s new proposal to change everything from
NEW YORK - Back in February, used electric vehicle prices dipped below used gasoline-powered vehicle prices for the first time ever, and the pricing cliff keeps getting steeper as car buyers reject any “premium” tag formerly associated with EVs. The decline has been dramatic over the past year. In June 2023, average used EV prices were
ANN ARBOR–Autonomous vehicle developers May Mobility, announced the launch of the Detroit Automated Driving Systems pilot program, in partnership with the City of Detroit’s Office of Mobility Innovation and the Michigan Mobility Collaborative. The “Accessibili-D” service aims to improve the quality of life for Detroiters who live with disabilities or are age 62 and older.
NEW YORK - Despite a noted slowdown in the electric vehicle (EV) industry in 2024, significant progress has been made in their adoption over the last decade. Research by Finbold, using data from the International Energy Agency (IEA), found that the global electricity demand stemming from the usage of electric cars skyrocketed by 3,630.77% from 2,600
DETROIT - General Motors is pulling back its electric vehicle production target this year and adjusting the timing on its profit targets because demand for EVs is not growing at the pace initially expected. GM CFO Paul Jacobson said Tuesday that GM would trim its targeted production of its new EVs in 2024 from between
NEW YORK - Toyota, Mazda, and Subaru are will collaborating to develop new types of engines that will be groundbreaking in the market. Japanese automobile makers currently have a strategy that aims at developing better Internal Combustion Engines that are to be installed in its range of hybrids and plug-in hybrids. This partnership was meant
