BUSINESS

 
Photo Credit: Hyundai
 
Leaving the American electric vehicle enthusiasts disappointed, Hyundai has announced that its latest compact EV, the Inster, will not be making its way to US shores. This decision highlights the ongoing struggle to bring affordable electric options to the North American market, where demand for such vehicles is growing.

Photo Credit:BMW

BMW is pushing forward with its electrification plans, and the upcoming electric M3 is set to redefine high-performance vehicles. According to BMW M CEO Frank van Meel, this new M3, slated for release in 2027, will “beat everything” on the road, leveraging a cutting-edge quad-motor setup to deliver unprecedented power and control.

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In a significant development for space exploration, NASA has awarded SpaceX an $843 million contract to develop a spacecraft capable of safely de-orbiting the International Space Station (ISS) at the end of its operational life in 2030. This decision marks a crucial step in planning for the future of human presence in low Earth orbit.

Photo Credit: Getty Images
 
OpenAI, the artificial intelligence research laboratory led by CEO Sam Altman, has announced its acquisition of Rockset, a real-time analytics database company. This strategic move aims to bolster OpenAI's enterprise AI offerings and improve its data retrieval systems.

Photo Credit: Ferrari

Ferrari is gearing up to unveil its first fully electric sports car, a move set to redefine the landscape of luxury electric vehicles. The highly anticipated model will make its debut in the fourth quarter of 2025 and is expected to carry a premium price tag of over $535,000 (€500,000).

Photo Credit: Volkswagen

German auto giant Volkswagen will invest $5 billion in US electric vehicle maker Rivian and create a joint venture expected to produce technology used by both automakers, the companies announced Tuesday.

Photo Credit: Fisker
 
In a disappointing turn of events, Fisker Inc., the electric vehicle startup founded by renowned automotive designer Henrik Fisker, has filed for Chapter 11 bankruptcy protection. The filing comes as the company aims to restructure its operations and potentially sell its assets, following months of challenges in ramping up production of its highly anticipated Ocean SUV.

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  3. INDYCAR RACES HEADING TO FOX IN LANDMARK MEDIA DEAL
  4. FORD INVESTS MILLIONS IN THE REVIVAL OF THE MICHIGAN CENTRAL STATION
  5. GAMESTOP MANIA REIGNITES AS MEME STOCK LEGEND RETURNS
  6. SHAREHOLDERS TO DETERMINE THE FATE OF MUSK'S TESLA COMPENSATION PLAN
  7. BMW DEALERS IN THE US OFFER A DISCOUNT ON THE LUXURY SUV, ‘BMW XM’
  8. THE FEDERAL TRADE COMMISSION PROBES MICRPSOFT’S DEAL WITH AI STARTUP INFLECTION AMID ANTITRUST CONCERNS
  9. THE GOLDEN AGE OF AMERICAN DEPARTMENT STORES, A LEGACY OF FEMALE LEADERSHIP
  10. PARAMOUNT GLOBAL AND SKY DANCE MEDIA AGREE ON NEW M&A DEAL TERMS WHICH AWAIT APPROVAL
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