Baltimore disaster causes car shipper to face potential $10 million loss
MarineVesselsTracker.com Introduction: Last week's U.S. Baltimore bridge collapse has had significant implications on the shipping industry, particularly for Norwegian car shipping firm Wallenius Wilhelmsen. The company estimates a $5 million to $10 million hit to core earnings from the incident and anticipates the closure of the key ship channel for weeks. The vessel Carmen, one of the largest car carriers in the fleet, remains stuck in Baltimore's port, awaiting clearance once the channel is reopened.…
You Can Own a Piece of Gymkhana History and Support Charity
Ken Block Memorabilia Auction to Benefit the 43 Institute Introduction: Ken Block's legacy as a legendary hooning and rally driver lives on through an online auction hosted by eBay Motors. The auction, which benefits the newly formed 43 Institute, features a collection of car parts used in the Gymkhana video series and memorabilia from Ken Block's rally career. Proceeds from the auction will support programs that provide opportunity and mentorship to young people, in honor…
Auto sales in the U.S. increased by 5% in the first quarter despite high interest rates, but growth in electric vehicles slows down even more.
New vehicle sales in the U.S. rose nearly 5% from January through March despite high interest rates, with nearly 3.8 million vehicles sold in the first quarter. The average sales price decreased by 3.6%, leading to increased availability of lease deals. However, electric vehicle sales growth slowed during the first three months of the year, only increasing by 2.7% to just over 268,000 units. Automakers, including GM, Stellantis, Kia, and Tesla, reported declines in sales,…
Porsche Taycan delivers on its mission in 2025
Introduction: The Porsche Taycan has been a game-changer in the electric vehicle market, offering impressive performance, range, and charging capabilities. With the release of the 2025 model, Porsche has further improved upon the original Taycan, enhancing its efficiency, range, and overall driving experience. In this article, we will explore the upgrades and changes made to the 2025 Porsche Taycan, highlighting its performance, design, and charging capabilities. Improved Efficiency and Range: Porsche has made significant improvements…
First Drive Review of the 2025 Porsche Taycan: Power of 938 hp Revealed
The 2025 Porsche Taycan: A Complete Review Introduction: When the Porsche Taycan was first introduced in 2020, it set a new standard for performance in the electric vehicle market. Since then, competitors like the Audi E-Tron GT, Mercedes EQS, EQE, and Lucid Air have attempted to challenge its dominance, but have fallen short. For the 2025 model year, Porsche has given the Taycan a significant refresh, making it more powerful, offering greater range, and improving…
The Tesla Cyberbeast heads to auction with no minimum bid
Introduction: Tesla's latest innovation, the Cyberbeast, is set to make its auction debut exclusively through Sotheby's Motorsport (SOMO). This highly anticipated event offers collectors and enthusiasts a rare chance to acquire the iconic Cybertruck, with bidding starting at $75,000 and no reserve. The Cyberbeast represents the pinnacle of Tesla's innovation, combining cutting-edge technology with a revolutionary design that defines the future of electric vehicles. Unveiling of the Cyberbeast The Cyberbeast, a 2024 model, has garnered…
Ford Explorer EV finally arrives in European market following battery pack setback
**Introduction:** Ford has introduced a new electric vehicle, the EU-market Explorer EV, which has been delayed but improved in quality as a result. The SUV was created using Volkswagen's MEB platform, specifically designed for Europeans. The planned release date of later 2023 was delayed due to battery certification regulations changes by the U.N. or concerns regarding fire safety. Despite the delay, changes were made to the chassis in order to accommodate a new battery pack,…
Calling all Industry Experts: Be a Key Speaker at Automechanika Riyadh Academy 2024
Introduction: The automotive aftermarket industry in the Middle East and Africa (MEA) region is projected to experience significant growth in the coming years, with a Compound Annual Growth Rate (CAGR) of 8.2% expected by 2030. As part of this growth, Automechanika Riyadh, Saudi Arabia's leading trade show for the automotive aftermarket, will host the Automechanika Academy from April 30 to May 2, 2024. The event will feature key industry figures discussing strategies and trends shaping…
Sales of the Mazda MX-5 Miata have dropped by almost 50 percent this year
Mazda's Sales Report Reveals Miata Struggles in Q1: The most recent sales report from Mazda shows that the Miata had a weak first quarter in 2024, with deliveries dropping by 45.5 percent compared to the same period in 2023. Only 1,411 units were sold in the US through March, with demand for the soft-top version declining by 66 percent and the hardtop RF going down by 23.5 percent. Despite the decrease in sales, the RF…
Launch of Xiaomi SU7 EV Boosts Market Value by $4 Billion, Closing in on GM and Ford
Introduction: China's Xiaomi saw a significant surge in its stock price following the launch of its first electric vehicle, the SU7, with shares increasing by as much as 16%. Despite the excitement surrounding the debut car and its sporty design inspired by Porsche, analysts predict that Xiaomi could face significant losses per vehicle in its first year. The company's foray into the competitive Chinese EV market has sparked interest from consumers, with strong pre-order numbers…