Porsche’s high price and outdated technology are killing it
Local competitors are considered better value and have more smart features that Chinese buyers want go through Chris Chilton February 23, 2025 12:00 Chinese drivers are betraying Porsche and favor household products such as Xiaomi's SU7. They think Porsche cars are too expensive and lack the ideal technical gadgets and features. Porsche sales sold 28% in China in 2024, with Taycan deliveries almost halved in a year. Chinese smartphone giant turns automaker Xiaomi proudly announced last week that its SU7 Ultra sedan filmed the Shanghai International Tour faster than previous record holder Porsche Taycan Turbo GT. But Porsche's China crisis far exceeds the track queue and the board of directors ranked second. More: Xiaomi SU7 Ultra Ultra Smash Taycan Turbo GT at Shanghai Track Western automakers have relied on China to provide growth and substantial revenue for many years. But now, local car buyers are increasingly rejecting the long-standing European brands and supporting domestically produced Chinese-branded cars. Porsche is far…
Tesla Cybertruck explodes outside Trump hotel, killing one
Some media reports said authorities were investigating the explosion as a possible act of terrorism. The Tesla Cybertruck appeared to be carrying several fireworks at the time. Elon Musk said the automaker was investigating the matter and had "never seen anything like this." A Tesla Cybertruck exploded and caught fire while parked outside the Trump International Hotel in Las Vegas, Nevada, killing one person and injuring at least seven others. Local authorities and the FBI are investigating the incident but do not believe there is any further threat to locals. 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"); The electric pickup truck exploded shortly after it was parked in front of the hotel lobby. CCTV footage shared with X captured the devastating explosion. In the video, fire can be seen engulfing the Tesla, with the explosion appearing to set off several fireworks. READ: FBI investigating fatal Tesla electric…
Stellantis is not only killing the Ram 1500 Classic, it’s also killing the 2,450
Production of the new Ram 1500 will take place in Sterling Heights, so the Warren Truck Plant will be reduced from two shifts to one to focus on the Jeep Wagoneer go through Chris Chilton 4 hours ago Stellantis will cut 2,450 jobs from its Warren Truck Plant near Detroit when production of the Ram 1500 Classic ends. The new Ram 1500 is built in Sterling Heights, which means only the Jeep Wagoneer will be built in Warren. The Warren plant, which has about 3,900 employees, will switch from two shifts to one shift for general assembly. The end is nigh for the Ram 1500 Classic, and the Stellantis team that built it is about to be disbanded. The automaker has confirmed that its Warren Truck Plant will lay off 2,450 people in October. The 1500 Classic survived as an economy option even though Ram introduced a new 1500 in 2018. But that lifeline has been pulled, and after the…
Explore the latest exhibition information and industry trends at ASAP Expo Magazine. Your one-stop platform, bringing together global exhibition highlights, industry trends and in-depth analysis, to help companies accurately connect with the market and seize business opportunities.
