As the global economy rises, developing economies face sluggish growth
Long-term growth prospects weaken for first time this century The latest World Bank report shows that developing economies, which contribute 60% to global growth, are facing the weakest long-term growth forecast since 2000. global economic outlook Report. Although the global economy is expected to stabilize, with growth expected to be 2.7% in 2025 and 2026, developing countries are still making slow progress in narrowing the income gap with advanced economies. Also read: World Bank warns it could take more than a century to end poverty in half the world In the next two years, developing economies are expected to maintain growth of around 4%. However, this pace is below pre-pandemic levels and insufficient to alleviate poverty or achieve broader development goals. Main findings The report provides a comprehensive review of the performance of developing economies in the first quarter of the 21st century. It highlights three important trends: 1. Decline in growth rate: Growth in these economies fell from 5.9%…
India’s top car brands are developing new hybrid cars –
Gadivadi - Several popular car manufacturers including Maruti Suzuki, Hyundai, Mahindra, Toyota and MG are gearing up to launch new hybrid vehicles in the near future Entering the new year, several automakers are preparing to launch hybrid SUVs on the market. The leaders are Maruti Suzuki and Toyota, which plan to expand their mid-size SUV lineup. Their popular five-seat models, the Grand Vitara and Urban Cruiser Hyryder, are expected to be available in three-row versions, expected to be launched in the first half of 2025. Buyers may be able to choose from six- and seven-seat configurations. A few days ago, the three-row Grand Vitara was spotted testing the design inspiration of the e Vitara. This shift hints that the upcoming model will be more upmarket than the standard five-seat version. While 2025 will see a surge in EV debuts, the hybrid segment is also gearing up for dramatic launches, although its growth trajectory is likely to be more gradual. Maruti…
BMW M has been developing an electric car prototype called The Beast
While BMW M is working hard on electric vehicles, its beloved ICE models will continue to be around for quite some time go through Brad Anderson 18 hours ago The engineering team was tasked with taming an unruly all-electric M2 beast. The in-house developed four-motor powertrain is producing up to 1,341 horsepower in early testing. BMW's first all-electric M car will use the innovative Neue Klasse platform. BMW's M division has been experimenting with electric cars for years, and as development of its first electric car continues, it offers an inside look at one of the many prototypes that played a part in making the Neue Klasse M3 a reality played an important role. In 2018, BMW assembled a team of engineers to turn the first-generation M2 into an electric vehicle. The car is called a "beast" internally and is "super powerful." While we don't know exactly how much power it has, Michael Sailer of BMW M's Driving Dynamics Development…
MG is developing a new Ford Ranger rival
MG hopes to be among Australia's top three best-selling brands by the end of 2030, something it can only achieve by entering the mid-size pick-up market MG Motor Australia executives have confirmed a mid-size pickup truck is in development. It is expected to arrive in Australia by the end of the century. It won't be a Thai-spec MG Extender as it's likely to be based on another SAIC product. MG plans to launch a new mid-size pick-up truck in Australia, using the expertise and existing technology of its parent company SAIC Motor. A rival to the Ford Ranger will arrive within the decade to help MG achieve its ambitious sales targets in the region. MG hopes to be among the top five best-selling brands in Australia by the end of 2027 and among the top three by the end of 2030. MG Motor Australia chief executive Peter Ciao admitted they would "never have a chance to establish themselves in the…
Maruti Suzuki and Toyota are developing a range of electric vehicles
Gadivadi - Maruti Suzuki eVX electric SUV and its Toyota counterpart will be the first electric vehicles from their respective brands to be launched in India Maruti Suzuki India Limited (MSIL) has been working on developing its first electric car for the domestic market for a long time and we have seen the concept version at various auto shows. As the launch of eVX approaches, several spy photos are circulating on the Internet, revealing some important details. In the latest development, Toyota has confirmed the launch of a new electric SUV based on eVX, which will be sold in multiple markets around the world under the Toyota logo. The upcoming Toyota electric SUV will be manufactured at Suzuki Motor Group's (SMG) plant in Hansalpur, Gujarat, and production is likely to start in the first quarter of 2025. After partnering with several ICE and strong hybrid models, the next segment of this electric vehicle will kick off with the launch of…
Apple spent years secretly developing electric car batteries with BYD
Apple and BYD developed advanced long-range batteries, but the iCar never materialized. Executives at the tech giant reportedly saw an early prototype of BYD's blade battery. Apple eventually abandoned the project and looked to partner with other battery manufacturers. Read: Apple’s iCar is dead after a decade of development Earlier this year, Apple executives officially decided to abandon the electric car project entirely, marking the end of a decade-long effort. Opening image: John Byrnes/Carscoops
Hyundai is developing a new hybrid SUV to sit above the Alcázar Palace
Hyundai's upcoming SUV, codenamed Ni1i, will be equipped with a 1.5-liter gasoline hybrid engineHyundai Motor India is preparing to launch a new SUV, which will be positioned higher than the Alcazar but lower than the Tucson. The SUV, codenamed "Ni1i", is expected to hit the Indian market in the next 24 to 30 months. Production will take place at GM's plant in Talegaon near Pune, which Hyundai recently acquired.Hyundai launches first petrol hybrid in IndiaOne of the main highlights of this new SUV is its gasoline hybrid powertrain. This marks the launch of Hyundai's first hybrid model in India, meeting the growing demand for hybrid vehicles in the Indian market. Japanese rivals including Maruti Suzuki and Toyota have found success with hybrid products, prompting Hyundai to join the trend. The hybrid SUV market in India is growing steadily, with strong demand for fuel-efficient alternatives amidst rising fuel prices and environmental concerns.Competitors and market positioningThe Ni1i SUV will directly compete with…
After ‘Barbie,’ Mattel is developing a Matchbox Cars movie
John Cena in a car-themed movie sounds perfect to us go through Brad Anderson September 27, 2024 19:12 John Cena will star in the upcoming Matchbox Cars movie, reigniting childhood nostalgia for many. The Matchbox movie follows the huge success of Barbie, grossing nearly $1.5 billion at the global box office in 2023. Production on the Matchbox Cars movie is underway, but a release date is still unknown. If you were like me as a kid, you probably played with Matchbox cars, pushing these miniature creations along the carpet and imagining what it would be like to drive them in real life. Soon, a movie will be released about them, starring John Cena. The Matchbox Cars movie follows the huge success of Barbie, another installment in Mattel's extensive toy line. The film became the highest-grossing film of 2023, with a global box office of nearly $1.5 billion. It was nominated for nine Golden Globe Awards and eight Academy Awards, winning…
Developing member countries rank high costs as top new challenge
WASHINGTON, D.C. – Budget challenges and rising costs are the top issues driving decision-making in the global meetings and events industry, according to the Q3 2024 Pulse of Meetings and Events Survey conducted by Global DMC Partners (GDP), the world’s largest network of independent DMCs and professional event service providers. “Rising costs have been an ongoing issue since late 2022, and our latest survey shows that higher lodging, dining and A/V rates are among the biggest challenges facing planners today,” said Catherine Chaulet, president and CEO of Global DMC Partners. “Planners are facing a perfect storm of rising costs and inflationary pressures. Without drastically adjusting budgets, there is little room for innovation.” The survey is based on 165 responses collected between June 27 and August 9 from meeting and event professionals, with the majority based in the U.S. and Canada, and 20% based in the U.K. and Europe. Respondents were broken down into corporate/direct planners (37%), agency/third-party planners (40%), associations…
Developing Indian talent has always been our mission: Sanjay Sharma,
Motorsport in India is thriving with the launch of the Indian Racing Festival (IRF). Featuring the Indian Racing League (IRL) and the Indian Formula 4 Championship (F4IC), the event showcases speed and demonstrates India’s growing influence in the global motorsport landscape. Chennai’s new FIA Grade 3 street circuit hosted the country’s first night race, marking a significant milestone. At the same time, F4IC provides young Indian drivers with a valuable opportunity to earn Super Licence points, a key step towards competing on the world stage. The increasing quality and opportunities for these young talents are contributing to a more competitive and promising Indian motorsport scene, encouraging them to pursue international careers in series such as F3 and F2. In conversation with Sanjay Sharma, Head, Corporate Communications and Motorsports, JK Tyres, he stressed on the importance of grooming homegrown talent for the international arena. “Growing Indian talent has been our mission since day one,” he said. “We have invested all our…
Ather is developing a new platform that will power the upcoming
Ather Energy recently filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) of Rs 3,100 crore. According to the DRHP, Ather plans to use about Rs 927.2 crore of the net proceeds from the IPO to set up an electric two-wheeler plant in Maharashtra (India) and support ongoing research and development efforts. This comes after Ather's rival Ola Electric went public last month. Ola, India's largest electric two-wheeler manufacturer, is currently preparing four electric motorcycles and plans to start deliveries of the Roadster motorcycle in the fourth quarter of fiscal 2025. The DRHP filed by Ather also revealed that the company is developing a new EV (electric vehicle) platform ‘Zenith’. This new platform will form the basis for its upcoming electric motorcycles to compete with 125cc-300cc petrol-powered models. While the details of these upcoming vehicles are yet to be revealed, the company is expected to launch its…
A Guide to Developing a Strong Event Marketing Plan
As a marketing professional or small business owner, you know the power of a well-planned event. Whether it’s a trade show, conference, or product launch, events are critical to building brand awareness, attracting leads, and strengthening customer relationships. However, the success of these events relies on a well-crafted event marketing plan. In this comprehensive guide, we’ll walk you through the essential steps to developing a powerful event marketing plan that will drive results and set your brand up for success. What does an event marketing plan include? Developing a sound event marketing plan is like building a skyscraper. It requires a solid foundation and careful planning. Just as a skyscraper cannot stand without a solid foundation, your event marketing plan cannot succeed without a deep understanding of your audience. How do you achieve this? First, you need to identify your target market, their demographics, interests, behaviors, and pain points. By understanding your audience, you can tailor your messaging and experience…
Volkswagen developing another small SUV for South America
The new model will be positioned below the T-Cross and Nivus in Volkswagen's Brazilian lineup. September 4, 2024 10:30 Volkswagen will reportedly launch a new entry-level SUV in Brazil. The model is codenamed "Project VW 246" and is expected to debut in mid-2025. The SUV will be manufactured locally and will be smaller than the Volkswagen T-Cross. It looks like Volkswagen's ever-expanding global SUV lineup is about to get a new member. Reports out of Brazil suggest the German brand is developing a new small SUV that's expected to debut next year. Codenamed "Project VW 246," the new model will be the entry point for Volkswagen's local SUV range, positioned below the T-Cross and Nivus. The Brazilian version of the T-Cross is longer than the European version, matching the Nivus' 2,650 mm (104.3 in) wheelbase. This leaves room for another model that will rival the likes of the Fiat Pulse and Renault Kardian. MORE: America, here's your 2025 Volkswagen Tiguan…
Rimac is developing a single-seat tracked weapon.
The new model will be based on a custom platform and will compete with the Red Bull RB17. Mate Rimac hasn't provided details about the powertrain yet, but it should be fully electric. The answer may be revealed before the end of this year. With just days to go until Rimac unveils its track-focused Nevera R in California, company boss and founder Mate Rimac has revealed they are working on creating the ultimate track car. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd("6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); Unlike some other brands in the supercar space, Rimac has yet to venture into the realm of non-street-legal track cars, preferring instead to build the ultimate all-electric hypercar and even develop innovative robotaxis. Mate revealed that this will soon change, with the brand’s first track car set to offer performance that exceeds that of current Le Mans cars and even Formula 1 cars. Read:…
GM is developing an adaptive air intake system
General Motors is developing Adaptive intake ducts can expand and contract based on airflow, which the automaker claims will increase parts commonality between vehicles. The adaptive air intake system was the subject of a patent application filed by GM in 2022, but it did not surface until June 27, 2024, when it was published by the United States Patent and Trademark Office (USPTO). General Motors adaptive air intake patent diagram GM's application discusses an intake assembly consisting of fixed inlet and outlet sections and a movable element in the middle. The middle section would be "made of a flexible material whose cross-sectional area would expand and contract based on the incoming air flow," GM said in the application. GM says potential materials that could achieve the required level of flexibility include various polyethylene blends, as well as "waterproof felt, silicone fabric and platinum-catalyzed silicone." General Motors adaptive air intake patent diagram GM points out that if the interior of the…
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