Tesla’s years-long dominance of electric car sales may soon be over as traditional car makers introduce a slew of new battery-powered models, one of its German rivals said.
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Ford will plough over $1-billion into a plant in South Africa – its biggest-ever investment in the country – as the car maker scales back in other regions including Brazil and Europe.
Sales of hybrid and electric cars are growing much more slowly in South Africa than in the rest of the world. There are many reasons for this.
German luxury car maker BMW has unveiled an electric sport utility vehicle called the BMW iX, planned to go on sale in early 2022 to compete with Tesla and other rivals.
BMW will offer a fully electric 5-series as part of sweeping product overhaul unveiled on Monday as the German car maker seeks to lower vehicle emissions during production and on the road.
Apple on Monday said it will switch to its own chips for its Mac computers, ending a nearly 15-year reliance on Intel to supply processors for its flagship laptops and desktop.
Stocks were supposed to be mired in a bear market after they plunged in March as the coronavirus pandemic shut business and sent unemployment to its highest rate since the Great Depression. Except they aren’t.
BMW South Africa is to shut down its Rosslyn manufacturing plant in Pretoria for two weeks because of risks posed by Covid-19 and the resulting impact on demand for new vehicles.
BMW is facing pressure from Tesla and its Model 3. The German brand’s answer to the electric threat is a sleek battery-powered car called the i4.
Europe is poised to lead global growth in electric-car sales next year as governments across the region offer consumers ever-sweeter incentives toward the purchase of new vehicles.