Bears exist - 17 September 2024

FOLLOW UP: BWM DOWNGRADES OUTLOOK

On the back of the news that the BMW brake recall has expanded, which we covered last week, BMW has announced that they have cut their projected outlook for 2024 due to the costs incurred by the issue of the Continental supplied part. On top of that, reports are now surfacing that they were first informed of the issue in June 2022. To read more, click this link to an AMOnline story.

TOYOTA SOLID STATE BATTERY PLANS APPROVED

Toyota has announced that it will begin production of solid state batteries in 2026, with mass production to begin in 2030. Have they actually cracked? If you wish to read more, click this InsideEVs article link here.

MERCEDES AND SUPPLIER DEVELOPING SOLID STATE BATTERY

Mercedes-Benz and Factorial have announced plans that they are developing a solid state battery, but with no confirmation on a date when these might come to market or be fitted to cars. Click here to read more, via a Reuters article link.

MG TO SELL SOLID STATE BATTERY CAR IN 2025

Shanghai Automotive Industry Corporation (SAIC), the company that owns MG amongst other brands, has announced that it will reveal their solid state battery in the second quarter of 2025. They then expect to start selling cars fitted with them by the end of the same year. To learn more, click this Autocar article link here.

TOYOTA REDUCES EV TARGETS

Toyota is the latest car maker to lower their production targets for electric cars. They are moving from 1.5 million to 1 million EVs produced, in 2026. Whilst that looks dramatic, it is not as dramatic as the jump from now. If you want to read more, click this electrive article link here.

VOLVO SUBSCRIPTION BUSINESS TO END

Volvo has announced that it will be shutting down their car subscription offering. The system covered all costs except insurance and fuel. Whilst this has not worked for Volvo, or not well enough, others in the industry still think it is a viable business model and something consumers want. To find out more, click this AMOnline article link here.

FORD PATENTS COME TO LIGHT

Ford has submitted patents that are invasive of personal space and information to just a bit silly. We have to remember that patents often don’t make it to market and we can hope some of those unearthed don’t. One is to use in-cabin microphones to monitor conversations, combined with predicting the trip intention and historical data to “serve” you adverts, both visually and through the speakers. Yep, we’re more than appalled at that, just like you. Click this link from The Record, to read more on this.

The other one that raised an eyebrow, is for ‘Smart Vehicle Holograms’ that will, apparently, do a whole host of things from project security guards and dogs patrolling around a car, to showing a restaurant menu and assisting with valet parking. You can learn more and also question the sanity of some Ford employees, by clicking this Top Gear article li