Tag: Automaker

Lamborghini posts nearly 30% revenue in Q1 on hybrid model demand
News

Lamborghini posts nearly 30% revenue in Q1 on hybrid model demand

Italian luxury sports carmaker Lamborghini has reported a strong start to 2025, with revenue rising 29.6% year-on-year to €895.2 million in the first quarter, driven by global demand for its new hybrid models—the Revuelto and the Urus SE. The brand, a subsidiary of Germany’s Volkswagen Group, also saw a significant increase in operating profit (EBIT), […]

Porsche to add Google Maps in vehicles
News Tech

Porsche to add Google Maps in vehicles

Luxury car brand, Porsche announced on Monday that it will include Google Maps, Google Assistance, and other Google Play apps into its upcoming vehicles. Following the termination of its software research and development collaboration with Volkswagen’s Cariad business, Porsche announced in January that it was exploring the possibility of fully integrating Google software into its […]

Ford logo
Business

Ford to simplify products starting 2024

Ford has announced plans to simplify its product lineup starting in the  2024 model year, which means they will likely produce fewer variations of the same model. The announcement was made by Ford’s product development chief Jim Baumbick, at a conference hosted by Bank of America. According to Reuters, Ford plans to increase the number […]

General Motors
Business

General Motors fires hundreds of employees, plans $2bn cost reduction

One of the world’s leading automakers, General Motors is cutting  hundreds of executive-level and salaried jobs as plans to reduce costs and streamline operations.   Reuters reported that this was provided by a person briefed on the company’s job cut on Tuesday.   According to this person, global reductions are in the “low hundreds.”   […]

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