Honda Ye P7 dual-motor EV shows automaker seriousness
The first of Honda's three new electric cars for China looks very attractive and ready to take on local rivals go through Brad Anderson December 10, 2024 12:30 The Ye P7 will be followed by the stylish Ye S7 crossover and Ye GT sedan. Acceleration from 0 to 62 mph (100 km/h) takes just 4.6 seconds. Pricing details have not yet been announced. In Western markets, Honda lags behind some rivals in the race to develop and launch compelling battery-electric vehicles. However, it has been more responsive to market trends in China, where it is launching the first of three new electric cars. The crossover is called the Ye P7 and was unveiled in April alongside the Ye S7 crossover and low-slung sedan Ye GT Concept. Here are our first images of the production Ye P7, and thanks to China's trusty Ministry of Industry and Information Technology, we now know some additional technical details about the model. Honda will jointly…
Nissan CFO reportedly quits as automaker grapples with crisis
Chief Financial Officer Stephen Ma started in the role in 2019 and the company is in so-called emergency mode There are reports that Nissan's chief financial officer is about to resign. That person is Stephen Ma, who took over the role in 2019. If he leaves, he would be the second major executive to leave Nissan in less than two years. Nissan is having a tough time these days. CEO Makoto Uchida recently declared that the company was in "emergency mode." Joining him on stage at the announcement was Chief Financial Officer Stephen Ma. Now, it looks like Jack Ma is leaving the brand, or at least resigning from his role. The new report comes from what Bloomberg calls "people familiar with the matter." Again, at this stage, Ma will either remain at Nissan, transition to a new role within the company, or leave entirely if reports are true. For context, Ashwani Gupta resigned as Nissan's chief operating officer less…
Trump’s tariffs could slash automaker profits by 17%
Analysts say import tariffs proposed by Donald Trump could spell financial disaster for automakers. Standard & Poor's estimates that European and U.S. companies could lose 17% of core profits. Trump has claimed that he will impose 25% tariffs on cars made in Mexico and Canada after taking office in January. Analysts warn that automakers around the world, including those in the United States, should brace for years of financial pain if incoming President Donald Trump follows through on his promise to introduce new import tariffs. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("0f7e3106 -c4d6-4db4-8135-c508879a76f8"); } else { adpushup.triggerAd("82503191-e1d1-435a-874f-9c78a2a54a2f"); Experts from S&P Global say European and U.S. auto companies could see their annual profits slashed by 17% due to possible tariffs on goods shipped to the U.S. from Mexico and Canada. Some brands' profits may fall by more than 20%. RELATED: Trump promises 25% tariffs on goods from Canada, Mexico on day one The…
Ford backup camera issue costs automaker $165 million
The Ford backup camera recall sparked a federal investigation and resulted in $165 million in fines. November 17, 2024 — Ford's backup camera issues led to a recall that has now cost Ford $165 million for not complying with federal recall requirements. Ford announced a recall of more than 620,000 such vehicles in the United States in September 2020 2020 Ford F-150 2020 Ford F-250 2020 Ford F-350 2020 Ford F-450 2020 Ford F-550 2020 Ford Explorer 2020 Ford Mustang 2020 Ford Transit 2020 Ford Expedition 2020 Ford Escape 2020 Ford Ranger 2020 Ford Edge 2020 Lincoln Nautilus 2020 Lincoln Corsair 2020 Lincoln MKX Ford said the camera issue was caused by a conductive fault in the backup camera's printed circuit board. The backup camera, supplied by Magna Electronics, appears to be a part-time job, leaving drivers guessing about what's behind the vehicle. Nearly a year after Ford announced a recall for its backup cameras, the National Highway Traffic Safety…
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