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GWM teases Ferrari-fighting supercar
GWM is set to unveil its first supercar as it looks to muscle in on Ferrari, Lamborghini and McLaren turf. Company chairman Wei Jiajun posted an image of what appears to be a low-slung, two-door sports car on social media to celebrate the automaker’s 35th anniversary. The vehicle under a silk cover sits below the…
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Jaguar E-Pace recalled
JLR Australia is recalling the Jaguar E-Pace small SUV due to a defective passenger airbag. “Due to a manufacturing defect, the passenger airbag may tear during deployment,” the company says in its recall notice. “This could cause hot gas to escape from the airbag and result in insufficient protection to the passenger. “In the event…
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Tesla posts biggest quarterly decline in over a decade, says it’ll still be world’s “most valuable company”
Tesla has announced its biggest revenue decline since 2014 and its third consecutive quarter of falling profits, with the company expecting growth to come from its robotaxi and artificial intelligence (AI) businesses instead of from selling cars alone. The electric vehicle (EV) company reported a $US1.2 billion (A$1.8bn) profit for the second quarter (April-June) of…