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Five of Europe’s largest car manufacturers recently reported a significant decline in profits for the first half of 2024. This drop is attributed to several key factors, including weak demand for electric vehicles (EVs), cost competition from Chinese manufacturers, and rising research and development (R&D) expenses.

Volkswagen Faces Major Challenges

Volkswagen’s CEO, Oliver Blume, highlighted rising costs and lower factory utilisation during a recent earnings conference. Blume stated, “We have made all the necessary technical decisions. We have implemented the relevant organisational measures. Now, our primary focus is on costs, costs, and costs.”

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BMW is launching a new iteration of its popular X3 Sports Activity Vehicle (SAV) exclusively for the Chinese market, featuring a longer wheelbase and enhanced interior comfort. This new version, the BMW X3 25L xDrive and BMW X3 30L xDrive, marks the brand’s commitment to catering specifically to the preferences of Chinese consumers.

The extended wheelbase of the new X3 models, increased by 110mm to 2,975mm, significantly enhances rear-seat legroom, providing a more comfortable experience for passengers. The updated BMW X3 boasts an exterior length of 4,865mm and a width of 1,920mm, making it the largest in its competitive segment. The new design incorporates the brand’s latest styling cues with a sleek roofline and modern proportions that reflect BMW’s current design language.

Inside, the BMW X3 offers a luxurious environment with the latest BMW iDrive system based on the BMW Operating System 9. This system includes digital services tailored specifically for the Chinese market. The interior features a BMW Curved Display, BMW Interaction Bar, and a steering wheel with a flattened lower rim. High-quality materials, such as Veganza sports seats and optional “Crafted Clarity” glass applications, contribute to a premium feel. The panoramic glass roof with optional Skylounge lighting adds to the ambience, providing a sophisticated touch to the vehicle’s interior.

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Volkswagen is setting high expectations for its upcoming electric GTI, promising a driving experience that could surpass that of its internal combustion engine (ICE) predecessors. VW CEO Thomas Schäfer recently shared that the electric GTI, inspired by the ID. GTI Concept, will feature an advanced chassis and suspension designed to make it “even more exciting to experience and drive” than any previous GTI model.

The assertion that an electric vehicle (EV) could be more thrilling than traditional GTIs is met with both intrigue and skepticism. Historically, the GTI has not relied solely on sheer power; instead, it has earned its reputation through exceptional handling and dynamic driving characteristics, as seen in models like the Mk7 GTI. Even without the iconic VR6 engine present in many of its iterations, the GTI’s performance credentials have remained strong.

Volkswagen is not new to the challenge of marrying performance with innovation. The company’s approach with the electric GTI involves leveraging EV technology to enhance driving dynamics. According to VW’s R&D boss, Kai Grünitz, the objective is to create an EV with “an agile steering feel and a very smooth way of driving it through curves.” Grünitz emphasises the desire to maintain the GTI’s hallmark agility and road feedback, aiming for a vehicle that is “fast but smooth.”

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Ferrari has announced the discontinuation of the SF90 Stradale and the open-top 812 GTS as part of its Q2 2024 financial results. The decision marks the end of the line for these models after nearly half a decade of sales, reflecting the marque’s strategic adjustments in response to changing market dynamics and sales performance.

Despite a 2.7 per cent increase in overall shipments year-on-year, Ferrari reported a decline in sales for several models, including the Roma coupe and 812 Competizione, as they approach the end of their lifecycles. The SF90 Stradale and 812 GTS, which were introduced five years ago, will be phased out. This move comes amidst a slight decline in hybrid vehicle sales, with Ferrari seeing a shift back towards internal combustion engine (ICE) vehicles in Q2.

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A recent study has unveiled a significant trend among Tesla owners in 2024 which is that the majority have opted to abandon their electric vehicles (EVs) in favour of combustion engine models. According to the study, only 32% of Tesla owners chose to remain with electric vehicles, while the majority made the switch to traditional combustion engines or other hybrid options.

Specifically, 51% of Tesla owners have transitioned to pure internal combustion engine (ICE) vehicles, 10% have moved to hybrid models, and 6% have opted for plug-in hybrids. These findings align with a recent McKinsey & Co. survey, which indicated that nearly half (46%) of EV owners in the U.S. are likely to revert to combustion-powered vehicles for their next purchase.

Despite this trend appearing alarming, the situation represents a notable improvement from previous years. In 2020, a significant 76% of Tesla owners abandoned their EVs for internal combustion engine vehicles, with only 9% choosing other electric models. Since then, the numbers have shown a steady decline in the rate of EV abandonment.

Tesla owners have historically demonstrated a strong tendency to exit the EV market. However, the gradual improvement in retention rates suggests that owning an electric vehicle in North America may be becoming less challenging. Still, the current figures indicate that substantial advancements are needed to make EV ownership more appealing to a wider audience.

Another key observation is that an increasing number of former Tesla owners are now purchasing electric vehicles from legacy automakers. This shift is not unexpected, given Tesla’s evolution from an EV pioneer to competing against a growing array of mainstream manufacturers in the electric vehicle segment.

Hybrids and plug-in hybrids (PHEVs) have not gained substantial traction as alternatives to Teslas. While these vehicle types are becoming more popular among new car buyers, they appear less attractive to those who have previously owned electric vehicles. Notably, the proportion of Tesla owners switching to PHEVs is higher than the overall PHEV market rate, likely due to their previous experience with EV charging challenges.

The data highlights both the progress and ongoing challenges in the electric vehicle market, emphasising the need for continued innovation and improvement to retain and attract EV buyers.

Maserati has had a challenging start to 2024, with sales dropping by over 50% in the first half of the year compared to the same period last year, totalling just 6,500 units. The luxury Italian brand also reported an adjusted operating loss of €82 million, highlighting a significant financial struggle.

Despite these setbacks, Stellantis, the parent company of Maserati, has reaffirmed its commitment to the brand. On July 30, Stellantis emphasised that it remains dedicated to Maserati’s future, rejecting speculation that the brand might be at risk of being sold or shut down.

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Toyota has once again pushed the boundaries of performance with the introduction of the 2025 GR Corolla, featuring the new 8-speed GAZOO Racing Direct Automatic Transmission (DAT). This latest model is set to bring a fresh wave of excitement to both manual transmission enthusiasts and those who prefer a focus on handling.

Following the GR Corolla’s initial reveal in 2022, Toyota’s Akio Toyoda, known as MORIZO, challenged his team to innovate further. The result is the first GR Corolla equipped with the advanced DAT, designed to deliver a thrilling driving experience inspired by track testing.

The new GR Corolla, tested rigorously on renowned circuits like Fuji International Speedway, boasts an increase in engine torque from 370Nm to 399Nm This enhancement, coupled with refined suspension components, promises an impressive driving performance.

Exterior and Interior Upgrades

The GR Corolla features a redesigned front bumper to accommodate optional cooling components while maintaining aerodynamic efficiency. Inside, the car sports a darker, sportier aesthetic with new trim finishes, enhancing the tactile experience for drivers.

GAZOO Racing Direct Automatic Transmission

The 8-speed DAT is a standout feature, offering rapid gear shifts and optimised performance. Unlike previous models, the DAT uses sophisticated control software to sense driver inputs—such as brake and accelerator usage—to predict the optimal timing for gear shifts. This technology aims to provide a driving experience akin to that of professional racers.

Performance Enhancements

For 2025, the GR Corolla is powered by a turbocharged 1.6-litre G16E-GTS engine, delivering 300hp and 399Nm of torque. To ensure the engine and transmission remain at peak performance, an automatic transmission fluid cooler is standard, with a sub-radiator available as an option on higher grades.

The car’s suspension has been upgraded with rebound springs and improved rear coils to enhance traction and stability during dynamic driving. The GR-FOUR All-Wheel-Drive system, developed in collaboration with the TOYOTA GAZOO Racing World Rally Team, offers three drive modes—Normal, Gravel, and Track—allowing drivers to adjust torque distribution for various driving conditions.

Standard Features and Availability

The 2025 GR Corolla will come equipped with front and rear Torsen Limited-Slip Differentials (LSD) for superior cornering performance. Additionally, launch control has been incorporated to facilitate powerful acceleration from a standstill.

Toyota plans to make the new GR Corolla available at dealerships this Winter, with further details on pricing and specifications to be released later in the year. The latest model aims to attract both seasoned driving enthusiasts and those seeking an exhilarating sports car experience.

Maserati is gearing up for a grand reveal of its latest super sports car at one of the most prestigious automotive events of the year, “The Quail, A Motorsports Gathering,” on Friday, August 16, 2024. The event, part of the renowned Monterey Car Week, will showcase Maserati’s newest creation against the backdrop of California’s exclusive car culture festival, running from August 14 to 19.

This new Maserati super sports car promises to blend exceptional performance with cutting-edge technology and aerodynamic efficiency, drawing on the Trident’s extensive track experience. Designed for those who demand high performance without compromise, the car will feature innovative solutions and a striking design inspired by the world of racing.

Maserati MCXtrema

The vehicle builds on the legacy of the Maserati GT2, renowned for its racing prowess, and represents an evolution of the MC20, Maserati’s flagship model equipped with the distinctive V6 Nettuno engine. The MC20 project, a testament to Maserati’s commitment to performance, has been developed with a dual focus on both track and road versions, showcasing the brand’s technical expertise and synergy.

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The Audi A6 e-tron concept debuted at the Auto Shanghai 2021 trade fair and now, the Audi A6 e-tron is making a significant debut as the first all-electric Audi available in both Sportback and Avant versions, showcasing the new PPE platform. The exterior design of the A6 e-tron features a sleek, dynamic roofline and a wide, expressive front with slim daytime running lights and a black mask that encloses functional elements. Aerodynamically, the A6 e-tron excels with a drag coefficient of 0.21 for the Sportback and 0.24 for the Avant, thanks to air curtains, a slim greenhouse, and optimised underbody components.

Inside, the A6 e-tron is equipped with innovative features such as a panoramic glass roof with switchable transparency, second-generation virtual exterior mirrors, and a highly advanced MMI panoramic display. It also includes an optional augmented reality head-up display (AR HuD). The car’s infotainment system features an 11.9-inch Audi virtual cockpit, a 14.5-inch MMI touch display, and a 10.9-inch front passenger display. The integration of Android Automotive OS, over-the-air updates, and third-party apps enhances its technological appeal.

In terms of performance, the A6 e-tron offers a range of up to 756km for the Sportback and up to 720km for the Avant. It features 800-volt technology for rapid charging with a maximum capacity of 270kW. The S6 e-tron variant delivers even higher performance, with a top speed of 240km/h and a 0-100km/h acceleration time of 3.9 seconds with a range of up to 675km. The advanced recuperation system and two-stage regenerative braking improve both efficiency and range, while the adaptive air suspension balances comfort and handling.

The A6 e-tron comes with a power output of 362hp and rear-wheel drive, whereas the S6 e-tron offers 496hp and quattro all-wheel drive. Both variants will be available in Sportback and Avant versions at launch, with further models expected to follow depending on the market.

For driver assistance and safety, the A6 e-tron includes comprehensive systems such as adaptive driving assistant plus, park assist plus, traffic sign recognition, and various other driver aids to enhance comfort and safety.

Pricing for the A6 e-tron starts at €75,600 (RM375,960) for the Sportback and €77,250 (RM382,524) for the Avant. The performance-oriented S6 e-tron34 is priced at €99,500 for the Sportback and €101,150 for the Avant. Orders for these models will open in September 2024.

The Audi A6 e-tron aims to combine high performance with advanced technology, aerodynamics, and a luxurious interior, making it a notable entry in the electric vehicle market.

Sportback

Avant

S6 Sportback e-tron

Two years ago, Pagani Automobili unveiled the Utopia, a car that embodies the relentless pursuit of perfection. Now, the company is expanding its vision with the introduction of the Utopia Roadster, developed alongside the Coupé model from the start. This dual development approach allows enthusiasts to choose between the closed and open versions, each reflecting Pagani’s commitment to excellence.

A Dual Approach to Perfection

Traditionally, the Roadster versions of Pagani’s models, such as the Zonda and Huayra, were developed after their Coupé counterparts. The Utopia, however, was designed with both variants in mind from the outset. This approach allows Pagani to offer both closed and open cabin versions simultaneously, catering to the diverse preferences of automotive enthusiasts.

Innovative Design and Versatility

The Utopia Roadster features a design that harmonizes with its Coupé sibling. Both versions share elegant butterfly doors and a sophisticated hard-top mechanism. The hard-top can be stored on a stand, becoming a design piece itself, while a soft-top can be stowed in place of the vanity case. This versatility allows the car to transform into three different configurations, catering to different driving experiences and weather conditions.

Advanced Materials and Engineering

Pagani’s commitment to technological innovation is evident in the Utopia Roadster. Weighing just 1,280 kg (2,822 lbs) despite its large size and V12 engine, the Roadster features a redesigned monocoque chassis for optimal rigidity without heavy reinforcements. The car’s aerodynamic design, perfected in the wind tunnel, avoids protruding appendages while ensuring high downforce and efficiency.

Performance and Power

The Utopia Roadster maintains the same performance as the Coupé, thanks to the advanced Pagani V12 engine developed in collaboration with Mercedes-AMG. Producing 864hp and 1,100 Nm of torque, this engine delivers both smooth low-rev operation and explosive acceleration. The seven-speed manual gearbox, developed with Xtrac, and the lightweight triple-disc clutch ensure precise and responsive performance.

Sophisticated Interior and Design

Inside, the Utopia Roadster features floor mats with a texture reminiscent of outboard boats and a redesigned key reflecting the car’s open design. The cabin’s nearly endless color and material choices are highlighted by the unique visibility of the interior. Pagani’s attention to detail extends to bespoke luggage, including leather-covered carbon suitcases and garment bags, all crafted with meticulous care.

Technological Integration

Pagani has incorporated state-of-the-art technology in the Utopia Roadster, including Pirelli Cyber Tyres equipped with sensors to interact with the vehicle’s stability control systems. The Utopia is fitted with exclusive tires developed specifically for its performance needs, ensuring optimal safety and handling.

A Philosophy of Driving Pleasure

The Utopia Roadster delivers a unique driving experience, blending traditional analog controls with cutting-edge technology. The manual gearbox, a hallmark of Pagani’s design, is paired with an automated option for those who prefer quicker shifts. The steering wheel, crafted from a single block of metal, exemplifies the brand’s dedication to both aesthetic and functional excellence.

Exclusive Production and Pricing

Pagani will produce only 130 units of the Utopia Roadster, each priced at 3.1 million euros, excluding local taxes. This exclusivity underscores Pagani’s commitment to creating a masterpiece that combines engineering prowess with unparalleled driving pleasure.

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