Latest news with #automotive
Bloomberg
an hour ago
- Automotive
- Bloomberg
Volvo Takes $1.2 Billion Charge Over Tariffs and EV Model Delays
Volvo Car AB is taking an impairment charge of 11.4 billion Swedish kronor ($1.2 billion) due to delays to some of its electric models and the escalating cost of tariffs. Past development setbacks and duties in the US have hit Volvo's battery-powered models, the EX90 sport utility vehicle and ES90 sedan. The effect of the one-time non-cash charge on net income will be 9 billion kronor in the second quarter, the carmaker said Monday.
Auto Blog
2 hours ago
- Automotive
- Auto Blog
Mazda's Latest Lawsuit Will Anger Music Lovers
By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Missing sound system features lead to unlikely lawsuit Most of the time, a class action lawsuit in the automotive arena comes about due to a safety issue that a manufacturer can't (or fails to) resolve. That's the case with the Mazda CX-90, which finds itself in the midst of a lawsuit over noisy and juddering brakes. But Mazda is being sued for something else involving its 3 Hatchback and 3 Sedan range that has nothing at all to do with safety. This latest lawsuit involves sound system speakers – or rather, a lack thereof. Specifically, Mazda is being accused of inaccurate window stickers that misrepresent the audio systems equipped to these vehicles, which actually have more ordinary sound systems than advertised. Mazda 3's Sound System Hits All The Wrong Notes The lead plaintiff in this case is Kyle Johanson, who purchased a 2025 Mazda 3 S Hatchback. The Monroney label attached to the car specified that it had an eight-speaker sound system with HD Radio. After diving into the infotainment settings, Johanson discovered that his car was missing two speakers at the back and also had no HD Radio. Upon addressing these findings with a Mazda District Sales Manager, it was confirmed that the car was missing the advertised features. Source: '[l am] looking into the issues . . . it appears that there are typos on the Window Label / Monroney Label for the 2025 Model Year Mazda3 Hatch 2.5 S Base Trim.' The lawsuit notes that six of the 13 Mazda 3 variants are affected by the misleading window sticker: 2025 Mazda 3 2.5 S Sedan 2025 Mazda 3 2.5 S Hatchback 2025 Mazda 3 2.5 S Select Sport Sedan 2025 Mazda 3 2.5 S Select Sport Hatchback 2025 Mazda 3 2.5 S Preferred Sedan 2025 Mazda 3 2.5 S Preferred Hatchback Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Mazda's Own Site Confirms Discrepancy We hopped onto Mazda's USA website, and the information there does contradict the car's window sticker. The cheapest three Mazda 3 Hatchbacks all have six-speaker sound systems without HD Radio; the two additional speakers and HD Radio are only standard on the S Carbon Edition and trims above that. As Mazda isn't known for offering many optional extras, you can't upgrade the base sound system on the cheaper Mazda 3s at all. The lawsuit said Mazda created 'deceptive and fraudulent misrepresentations' of these vehicles. While two missing speakers and the lack of HD Radio may not sound like serious issues, we all have unique requirements and expectations of our vehicles. It's possible that the omission of these features, if communicated, would have seen the plaintiff choose another trim, or possibly another model from a rival manufacturer. The lawsuit seeks to award compensatory and punitive damages to the plaintiff and class members, and to get Mazda to 'disgorge revenues and profits wrongfully obtained.' About the Author Karl Furlong View Profile
Globe and Mail
3 hours ago
- Automotive
- Globe and Mail
Gauzy, in Collaboration with Research Frontiers, Announces Its SPD Smart Glass in Serial Production for GM's Cadillac CELESTIQ, Now Being Delivered to Customers
NEW YORK, July 14, 2025 — Gauzy Ltd. (NASDAQ:GAUZ), a global leader in light and vision control technologies, joined by Research Frontiers (NASDAQ:REFR), today announced the first customer delivery of General Motors' Cadillac CELESTIQ, their first fully electric vehicle sedan featuring patented SPD (Suspended Particle Device) smart glass technology supplied by Gauzy. As part of Gauzy's ongoing production program with GM and longstanding involvement in bringing SPD technology to market, this milestone marks the first customer delivery of the CELESTIQ with serially produced electronically dimmable SPD smart glass. This milestone underscores Gauzy's continued leadership in advanced smart materials for the automotive sector and its broad collaboration with Research Frontiers to supply the highest-performing smart glass technology in serial production. The CELESTIQ's roof features the industry's largest piece of dimmable smart glass ever used in a production vehicle, segmented into four independently controlled zones, allowing each occupant to tailor the tint level above them, enabled by SPD. Powered by Gauzy's dynamic SPD technology, the glass switches in seconds to block up to 99.5% of visible light, 99% of harmful ultraviolet (UV) rays, and 95% of infrared (IR) radiation, which can help reduce HVAC energy consumption by up to 40% compared to traditional fixed-tint glass. These performance benefits also help to increase the effective driving range of electric vehicles. This advanced light control system not only enhances passenger comfort but also supports broader EV performance goals. HVAC systems can consume up to 30% of an electric vehicle's energy under extreme conditions, making smart glass a strategic technology to increase driving range and improve in-cabin efficiency. 'This collaboration with GM is a significant leap forward in bringing dynamic glass from concept to reality at a production scale,' said Eyal Peso, CEO and Co-founder of Gauzy. 'We're enabling more sustainable, high-performance vehicle cabins that meet the demands of modern EV platforms. Cadillac's theme of providing a completely customizable experience for its drivers and passengers was made even further possible by our multi-zone SPD panoramic glass roof, and we are proud to be part of this unique model. We continue to ramp up shipments for this model, further deepening our relationship with GM.' Backed by a robust portfolio of patents in SPD light control and related advanced material technologies by Gauzy and Research Frontiers, Gauzy offers a scalable smart materials platform that provides OEMs with a competitive edge in both performance and sustainability. The CELESTIQ program demonstrates Gauzy's ability to bring advanced materials to serial production while meeting the high standards of global automotive leaders. With large and replicable SPD film coating capabilities, Gauzy is well positioned to support both niche vehicle models and large-scale OEM platforms. The commercial launch with GM follows SPD integrations in vehicle models from Ferrari, McLaren, and Mercedes-Benz, expanding Gauzy's presence across premium and performance vehicle segments. With ongoing serial production, Gauzy's SPD SmartGlass is primed for broader integration across future vehicle platforms as automakers focus on energy-efficient, software-defined cabins and enhanced passenger experiences. Joseph M. Harary, President and CEO of Research Frontiers, added: 'We congratulate Gauzy, GM and its Cadillac division and the robust supply chain for automotive SPD-SmartGlass on this milestone. For large surface areas like panoramic roofs, SPD-SmartGlass is the ideal variable tint technology thanks to its rapid switching speed, wide light transmission range, and uniform tinting, without the 'iris effect' seen in slower, less consistent alternative technologies. SPD switches in just one to two seconds regardless of size, draws minimal power at only 0.06 watts per square foot, and requires no energy to remain dark when the vehicle is parked.' According to industry analysts, the global automotive smart glass market is projected to grow from $16 billion in 2024 to over $25 billion by 2028, fueled by rapid EV adoption and the increasing demand for intelligent in-cabin technologies. Gauzy's innovative SPD product portfolio and expanding OEM partnerships place the company at the forefront of this accelerating market. About Gauzy Gauzy Ltd. (NASDAQ:GAUZ) is a global leader in light and vision control technologies, specializing in the research, development, manufacturing, and marketing of advanced material science solutions that enhance comfort, safety, energy efficiency, and user experience. Headquartered in Tel Aviv, Israel, Gauzy operates across key international markets through subsidiaries in Germany, France, the United States, Canada, China, Singapore, and the United Arab Emirates. The company's technologies are deployed by leading brands in the automotive, aerospace, and architectural sectors in over 60 countries through direct channels and a certified distribution network. For more information, visit About Research Frontiers Research Frontiers Inc. (NASDAQ:REFR) is a global leader in light-control innovation and the developer and licensor of patented SPD-SmartGlass technology. Headquartered in Woodbury, New York, the company enables dynamic shading solutions that allow users to precisely and uniformly control light, glare, and heat through glass or plastic, either manually or automatically. SPD-SmartGlass is used in tens of thousands of cars, aircraft, yachts, trains, homes, offices, museums and other buildings, and specialty applications around the world. With hundreds of patents and a growing partner ecosystem, Research Frontiers continues to advance light-control solutions that enhance comfort, energy efficiency, and user experience. For more information, visit Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. These statements may include, but are not limited to, statements regarding Gauzy and Research Frontiers' expected financial performance, future growth, strategic plans, product development, market expansion, business outlook, and milestones. Words such as 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'seek,' 'should,' 'target,' 'will,' 'would,' and similar expressions are intended to identify forward-looking statements. These forward-looking statements reflect current views with respect to future events and are based on assumptions and information currently available. Actual results may differ materially from those projected due to a number of risks and uncertainties, including, but not limited to, those related to market conditions, customer demand, product performance, economic conditions, competition, and other factors beyond the company's control. For a detailed discussion of these and other risks that may impact Gauzy's and Research Frontiers' business, please refer to each the company's filings with the U.S. Securities and Exchange Commission, including Gauzy's most recent Annual Report on Form 20-F. Gauzy and Research Frontiers undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments, or otherwise, except as required by law. 'SPD-Smart' and 'SPD-SmartGlass'are trademarks of Research Frontiers Inc. IR and Media Contact Info Media – press@ Investors – ir@ Featured Image @ Freepik
Gizmodo
3 hours ago
- Automotive
- Gizmodo
As Sales Drop, Tesla Makes a Big Gamble on India
Tesla is finally entering India. The all-electric carmaker will open its first showroom in the country on July 15 in Mumbai, marking a long-awaited entry into one of the largest and fastest-growing automotive markets in the world. Invitations to the launch event began circulating on social media late last week. 'Launch Event. Exclusive Invite,' the sleek black cards read. 'Tesla Experience Center BKC.' The event is scheduled to take place from 11:00 a.m. to 12:30 p.m. local time, with guests asked to arrive early. The venue is located in Mumbai's upscale Bandra Kurla Complex. As with most things Tesla, the invitation triggered a storm of reactions online, fervent excitement from fans, and sharp skepticism from critics. And it's no surprise. CEO Elon Musk's company is under enormous pressure, both financially and politically. Tesla's sales have been declining for most of 2025, weighed down by a mix of aging models, intensifying global competition, and self-inflicted political damage. The company's current lineup includes the Model 3 sedan, the Model Y SUV (currently the world's best-selling electric vehicle), the Cybertruck, the Model S luxury sedan, and the Model X SUV. But Tesla hasn't launched a new passenger vehicle in years, and the lineup is beginning to show its age. Meanwhile, legacy automakers and aggressive upstarts have closed the technology gap. General Motors, Ford, Volkswagen, Mercedes-Benz, BYD, NIO, and others are rolling out new electric vehicles at a furious pace, often priced more competitively than Tesla's core offerings. Adding to the pressure is Musk's increasingly polarizing public persona. Once a cult hero for tech progressives and climate advocates, Musk has alienated much of Tesla's original customer base with his far-right political rhetoric and attacks on perceived 'woke' institutions. The company is also facing significant macroeconomic headwinds. In the last three months, Tesla's overall sales have declined by 13.5%. President Donald Trump's trade war has crippled sales in Canada, forcing a desperate, deep price cut on the Model Y. And in the United States, demand for electric vehicles is expected to soften with the expiration of the $7,500 federal tax credit on September 30. Against this tumultuous backdrop, the Indian market couldn't have come at a better time. India is now the third-largest auto market in the world, behind China and the United States. Although EV adoption in India remains low compared to Western countries, the sector is growing fast, fueled by government incentives and a rising urban middle class. Tesla has had its eye on India for years, but repeated attempts to enter the market were blocked by disputes over local manufacturing requirements and high import taxes. That breakthrough finally came in early 2025, after Musk met with Indian Prime Minister Narendra Modi during a state visit to Washington. 'Spoke to @elonmusk and talked about various issues,' Modi posted on X last April. 'We discussed the immense potential for collaboration in the areas of technology and innovation.' Musk responded: 'I am looking forward to visiting India later this year!' It was an honor to speak with PM Modi. I am looking forward to visiting India later this year! — Elon Musk (@elonmusk) April 19, 2025In anticipation of the launch, Tesla created an official account on X, @Tesla_India, posting a single tweet that read 'Coming soon.' Since Tesla does not have a factory in the country, it is expected that vehicles will be imported from its Gigafactory in Shanghai. According to Bloomberg, Tesla has already shipped its first batch of vehicles, mostly Model Y SUVs. That hasn't stopped a wave of anticipation from building. 'Are bookings open?' one user posted on X. Bookings are open? — Nitish Bhatia (@NITISHBHATIA1) July 11, 2025 'Any word on when the first deliveries are?' another asked. 'Finally excited to see Tesla cars on Indian roads,' wrote a third. 'Any owners taking first deliveries, please record and share your thoughts or make a vlog.' Awesome, finally excited to see Tesla cars on Indian roads. Any owners taking first deliveries, please record and share your thoughts or make a vlog. I will be willing to watch such videos as I am curious about the whole Tesla India experience. I'm sure lots of other folks are… — Cybrtsla (@cybrtsla) July 11, 2025 'Finally the most cherished dream of @TeslaClubIN and car enthusiasts like me will end on July 15,' another user said. 'Finally long wait is over,' another added. But skepticism remains. A ValueAct analyst warned: '$TSLA India will be even less competitive and profitable than Tesla China, which is getting clobbered.' $TSLA India will be even less competitive and profitable than Tesla China which is getting clobbered — Yaman Tasdivar (@ValueAnalyst1) July 11, 2025 Tesla's launch in India comes at a precarious time. The company is under pressure to reset the narrative, reignite sales, and reassure investors. Entering a new, massive market is a clear bet on growth. But it also raises questions about profitability, supply chain logistics, and whether Tesla can still lead the global EV race. For now, the launch of Tesla's first showroom in Mumbai marks the start of a new chapter. The real test will be whether India becomes Tesla's next big success story, or just another headline in a rough year for Musk's empire.
Car and Driver
3 hours ago
- Automotive
- Car and Driver
View Exterior Photos of the 2026 Volvo EX30 Cross Country
EPA range for the new EX30 Cross Country is not yet available but should be close to the regular EX30's 253-mile estimate.
