News

September 10, 2024

Volvo will launch a new electric crossover called the EX60, with a debut planned for 2026. Volvo has plans to launch a new electric compact crossover called the EX60, which will slot into the lineup alongside the internal-combustion XC60. The news came at a September 5 Volvo event in Gothenburg, Sweden, a day after the automaker showed the facelifted XC90 SUV and walked back previous ambitions for an EV-only lineup by 2030.

September 9, 2024

Toyota and BMW are jointly developing a third-generation fuel cell system and working on infrastructure development co-creation, aiming to expand the lineup of fuel cell passenger cars.

Toyota Motor Corporation and the BMW Group signed an agreement to strengthen collaboration in the hydrogen sector, with a view to creating a hydrogen society and achieving overall carbon neutrality. Both companies will work together on the development of fuel cells system and the improvement of infrastructure.

September 5, 2024

Energy prices contracted 3.2% in August, led by crude oil (-6.2%) and natural gas U.S. (-4.1%). Non-energy prices eased by 1.9%.

Metal prices dropped by 3.1%, led by iron ore (-6.5%), lead (-5.3%), and copper (-4.4%). Precious metals rose by 1.8%.

September 4, 2024

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September 2, 2024

Volkswagen has partnered with German start-up Revoltech GmbH to explore and develop a material made from industrial hemp for use in automotive interiors. This collaboration aims to create a 100% bio-based leather alternative that is both sustainable and practical, with the potential to be integrated into Volkswagen models from 2028. 

August 28, 2024

COVAL SAS, a France-based manufacturer of vacuum systems and components, has announced the second generation of its CVGC carbon vacuum gripper. The gripper is designed for collaborative robots.

The upgraded gripper is aimed at enhancing modularity, compatibility and performance, with the development following extensive feedback from customers and industry stakeholders.

August 27, 2024

Waymo has revealed its new sixth-generation robotaxi with a sensor suite “optimised for greater performance at a significantly reduced cost, without compromising safety”. The robotaxi company Waymo says it wants its vehicles to drive around US cities with fewer cameras and radar sensors in future.

The next generation of vehicles and software will only need 13 cameras instead of the previous 29.