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The Latest Breaking News from SAIC

China’s EV giants shift gears toward the U.K. as tariff troubles mount in the U.S. and Europe

Shut out by tariffs in the U.S. and EU, China’s EV makers are accelerating into the U.K.—now Europe’s biggest electric-car market.

Volkswagen Is Making a New Truck Without Ford's Help

Volkswagen Is Making a New Truck Without Ford's Help

You know that times are tough in the automotive industry when even a juggernaut like Volkswagen must forge alliances to bring a new product to the market. The second-generation Amarok is essentially a reskinned Ford Ranger, a stark departure from its all-VW predecessor. The original model is still around in…

AUDI, Not Audi, Previews The E5 Sportback (Updated)

AUDI, Not Audi, Previews The E5 Sportback (Updated)

[UPDATE] Audi has released an image of a camouflaged prototype. The disguise comes off next week. The first AUDI-badged model, without the rings, now has a name: E5 Sportback.

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Time To Buy Defense Stocks, Analyst Says. Cathie Wood Is Buying.

Citi says it's time to buy defense stocks. One name soars to lead the S&P 500. AeroVironment tumbles on earnings, outlook.

Investors Business Daily

Meet the 8 Black Fortune 500 CEOs leading companies with over $228 billion in combined revenues

Black CEOs represent 1.6% of the largest U.S. corporations.

Volkswagen Puts New Engine In China's Next-Gen Atlas

Having been around since 2017, the Atlas is getting long in the tooth. Thankfully, Volkswagen is ready to replace its aging SUV by launching the new Teramont Pro in China with help from its local partner SAIC. The three-row family hauler has been using the "Teramont" name there and in…

Volkswagen Might Make Even More Cost Cuts

Right before Christmas, Volkswagen reached an agreement with German unions to reduce its workforce by over 35,000 people by 2030 through a "socially responsible reduction" program. This drastic decision is part of a broader plan to cut costs in the company's domestic market. Labor costs alone will be slashed by…

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GM’s 100-year-old China business can’t keep up with the country's EV boom

GM’s 100-year-old China business can’t keep up with the country's EV boom

The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.

Tesla Investors Expected To Grill Musk Over Cheaper EV Models

Tesla Investors Expected To Grill Musk Over Cheaper EV Models

The road ahead for Tesla is a bit rocky. With a CEO facing scrutiny over his vocal far-right politics and the electric vehicle brand suffering because of it, Tesla needs a win. Investors are pointing towards a more affordable model being the answer and are expected to grill the automaker…

Tesla, BMW Take EU To Court Over China EV Tariffs

Tesla, BMW Take EU To Court Over China EV Tariffs

Elon Musk's Tesla and German auto giant BMW have challenged EU import tariffs on China-made electric vehicles at the bloc's top court, the European Commission said Monday.

International Business Times

3 Defense Technology Stocks Quietly Securing Strong Gains

3 Defense Technology Stocks Quietly Securing Strong Gains

Driven by breakthroughs in technology and increased government support, the defense technology sector is on a steady growth trajectory. To capitalize on this trend, investing in solid defense technology stocks Northrop Grumman (NOC), CAE Inc (CAE), and Science Applications (SAIC) could be wise. Read on….

2024 Was A Great Year For Performance EVs

2024 Was A Great Year For Performance EVs

Most driving enthusiasts don’t see the transition from combustion to electric as something positive since they argue burning fuel is a lot of what makes a car fun. While there’s certainly some truth to that, electric vehicles can still be really enjoyable to drive, and 2024 is a year with…

MG Says Its 2025 Semi-Solid-State EV Won’t Break The Bank

MG Says Its 2025 Semi-Solid-State EV Won’t Break The Bank

Solid-state batteries are a big buzzword on the electric vehicle scene these days because they promise to address many of the downsides of today’s EVs. Several automakers and specialized battery companies are working to make this groundbreaking technology financially viable for electric vehicles. Still, before true solid-state batteries reach a…

The EV Industry Is Gearing Up To Fight Donald Trump

The EV Industry Is Gearing Up To Fight Donald Trump

The auto industry is at a weird place right now: after years of pushing back against tougher regulations driving electric vehicles, the car business in America has finally leaned in, only for the incoming presidential administration to potentially pull EV tax credits away. But the industry needs that money flowing to…

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The Chinese EV Market Is Now Unbeatable

Over the past decade, Chinese automakers have staged a stunning rise in the auto industry, establishing a clear lead over the U.S. and Europe in democratizing electric vehicles. Now the latest sales data suggests that the country is so far ahead in electrification that a miracle would be needed for…

Science Applications Intl's Earnings Outlook

Science Applications Intl (NYSE:SAIC) is gearing up to announce its quarterly earnings on Thursday, 2024-12-05. Here's a quick overview of what investors should know before the release.

The Guardian - US

GM to write down value of China business by more than $5bn

Automaker is restructuring in China after losing about $350m in the region in the first three quarters of this year

China’s carmakers don’t see the country’s fierce price war ending anytime soon as they press suppliers for discounts

Both BYD and SAIC Motor reportedly asked suppliers for 10% discounts amid fierce competition in China’s oversaturated EV sector.

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The Independent UK

Volkswagen and Chinese partner SAIC to sell joint venture plant in west China's Xinjiang

Volkswagen and SAIC Motor say they have agreed to extend their 40-year-old automaking joint venture in China until 2040

Audi Says the AUDI Brand Will Attract 'Different' Buyers

Last week, Audi confused just about everyone when it rolled out a sub-brand. While new automakers are frequently introduced in China’s hugely competitive market, this launch was different and confusing for two reasons. Audi and its local partner SAIC decided to simply call their joint company “AUDI” and use an…

You've Never Seen An Audi Like This Before

It's no secret that the Volkswagen Group has not had an amazing time in 2024. It's struggled with slumping sales in China, once its biggest market, while it faces intense Chinese competition back home. It's staring down factory closures and layoffs as costs mount. All the while, China's electric auto…

Audi's Most Interesting EV Is Only for China

Audi partnered with SAIC Motor on a new sub-brand to build cars exclusively for the Chinese market. The fledgling company is called AUDI—all caps—and is "shaped 100-percent by the Audi DNA" with one notable exception. You won't see four-rings badging anywhere on its cars.

Audi Is Launching a New Car Company Called… AUDI

Where are the rings, Audi? It’s a valid question for the company's newest concept shown today in Shanghai. But this isn’t an Audi. It’s an AUDI. The luxury brand in the Volkswagen Group empire is teaming up with SAIC to launch a new car company in China. Of all the…

EU Imposes Duties On Chinese Electric Vehicle Imports

EU imposes duties on Chinese electric vehicles due to unfair pricing practices and rising market share. German auto industry expresses concerns over tariffs.

The Independent UK

The EU will impose duties on electric vehicle imports from China from Thursday

The European Union says it will impose duties on imports of electric vehicles from China from Thursday, after talks between Brussels and Beijing failed to find an amicable solution to their trade dispute

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