✂️💰🇨🇳 As market pressures in China intensify, General Motors (GM) has reduced the Cadillac Lyriq's price by almost 14% to 379,700 yuan ($52,466), mirroring Volkswagen's recent EV price cuts. This response is to remain competitive in a market witnessing surges in locally-produced EV brands. Despite increasing EV sales, industry-wide profitability could be at risk due to price competition. The trend follows Tesla's price cut in January, resulting in a domino effect across nearly two dozen automakers.
👷♀️👍🇲🇽 Tesla has received approval to begin constructing its new Gigafactory in Mexico, according to Nuevo León Governor Samuel García. Located near Monterrey, the factory is expected to produce Tesla's next-generation entry-level electric vehicle. Despite no construction start date, all essential permits are in place, indicating an imminent launch.
🛻🏁🧑🔬 We all know diesel engines got oomph, but which one gots the most zoom? A YouTube group called The Fast Lane Truck pitted three new diesel trucks against one another to find out.
The video is a fun watch, but in case you got places to be (or, uh, cars to sell?), we dropped in the above graphic from TFLTruck as a summary of the experiment's findings. Congratulations, Ford F-350, you fast.