- Volkswagen ID.7 Pricing and Competition: Volkswagen has priced the ID.7 electric vehicle significantly lower in China compared to the European Union. This pricing strategy is particularly noteworthy as it reflects the growing competitiveness and market dynamics in the global EV sector.
- Jaguar Land Rover’s Electric Range Rover: Jaguar Land Rover has revealed details of the upcoming Range Rover Electric, scheduled for release in 2024. The vehicle boasts an 800-volt architecture, allowing for rapid charging and improved performance, and is designed to be the quietest model in the Range Rover lineup.
- General Motors Layoffs: General Motors is planning to lay off approximately 1,300 workers in Michigan early in 2024. This decision follows the company’s move to cease production of certain vehicles.
- Increase in New Vehicle Supply: The supply of new vehicles has seen a substantial recovery throughout 2023, reaching the highest levels since early 2021. The total inventory at the beginning of December was 2.56 million units, a 57% year-over-year increase.
- Investigations into Nissan Vehicles: The National Highway Traffic Safety Administration (NHTSA) has announced a preliminary investigation into over 450,000 Nissan Rogue, Altima, and Infiniti Qx50 vehicles. The investigation follows reports of engine failures and other issues in vehicles equipped with KR15DDT and KR20DDET engines.
- BMW and Mercedes Testing Level 3 Autonomous Vehicles: Both BMW and Mercedes are set to conduct tests of Level 3 autonomous vehicles in challenging urban environments – BMW in Shanghai and Mercedes in Beijing. These tests mark a significant step in the development and deployment of autonomous driving technology.
Electric Shifts and Autonomous Advances: VW ID.7’s Competitive Pricing, Jaguar’s New EV, GM Layoffs, and BMW & Mercedes’ Autonomous Tests
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