Given the X90 is not even a year old, it’s unlikely the SUV will get a refresh anytime soon. Instead, a rolling update is more likely and should include support for Android Auto and Apple CarPlay as we’ve previously reported. Now, the ball is in the industry players’ field regarding how to prepare themselves for such a rebound in demand and potentially fierce competition. In our view, adapting to the latest technology is a must for automakers to be able to compete and win consumers’ hearts while lowering production costs. Since the prolonged COVID-19 pandemic hit the automotive sector hard in 2020, the government rolled out Luxury Sales Tax incentives for car purchases in a bid to push the sector’s growth in 2021. The incentives are essential because various taxes, such as the LST and Value Added Tax , account for around 30 percent – 40 percent of car prices in the country.
- Although only a month in, the numbers for January keeps the 2024 TIV projection of 740,000 units well on track.
- In April of last year, CBS Detroit reported that Jonathan Smoke, chief economist at Cox Automotive,…
- There is now also slightly more of its headlamps visible on this example, with each headlamp now revealing more of its L-shaped DRL arc.
- The Ministry of Transport is also considering similar action with two other forklift engine…
Bproautoparts.com will carry more parts including everything from air filters to fuel injectors. The Subaru Forester and Crosstrek production has been shut down. While 2024 is shaping up to be to be another fascinating year for the long-term future of the car industry, the near term looks… Tesla broke sales records in 2023 but struggled to maintain profits as a series of aggressive price cuts failed to spur adequate demand.
Hyundai Motor Group recruits startups for 2024 ZER01NE Accelerator first half open call
If you play around with investments, work with technology, or like to keep up with the latest trends, chances are you have heard about artificial intelligence . Those two buzzwords were extensively used last year by almost every company that had a product or a service to launch or update. Next up, Volvo is also removing the ‘Recharge’ badging used on plug-in hybrid models, which now only sport the T6 or T8 suffix to indicate different levels of power output. The company says this will make it easier for customer to understand which models are fully electric and which are hybrids when shopping. Volvo has changed the names of some of its fully electric models in an effort to streamline and standardise its line-up.
Every day number of news stories and editorials are published here that give our readers an overview of what is happening in the automotive industry. Read this section daily to find out about new cars, vehicle reviews and car pictures. Torque News is an automotive news website by Hareyan Publishing, LLC, dedicated to covering the latest news, reviews and opinions about the car industry. The LST cut up to December 2021 led to car price reductions of up to Rp 30 million (US$2,063) for popular car models, a relatively significant amount for Indonesian customers.
New Cupra Born VZ blasts off with 321bhp rear-drive powertrain
2024 Toyota Land Cruiser Starts at $57,445 With Crucial Off-Road Gear Standard That money gets you 465 lb-ft of torque, full-time four-wheel drive, locking rear and center diffs, rock sliders, skid plates, and more. The Lamborghini Huracan Sterrato Remembers What Supercars Should Be Finally, a supercar with a sense of humor.