The New Zealand games industry generated NZD $434.4 million ($270.9 million) in the financial year ended March 2023, according to a survey by the New Zealand Game Developers Association.
Volkswagen, GM, Ford are being forced to reduce output or delay new electric vehicle models
29.11.2023 - 20:01 / tech.hindustantimes.com
Bayerische Motoren Werke AG Chief Executive Officer Oliver Zipse was incredulous when asked this month whether the German premium carmaker would respond to a brutal price war in electric vehicles by cutting production. “Do I understand you right that you try to slow us down? Two years ago, it was the other way around,” he told analysts, triggering wry laughter.
Carmakers not called Tesla Inc. have spent the past decade being cajoled by governments, capital markets and journalists like me to speed up the transition to electric vehicles — and for good reason, because the planet is overheating. Now that EV sales aren't growing as fast as anticipated, Volkswagen AG, General Motors Co. and Ford Motor Co. are being forced to either reduce EV output or delay new models and factories. (BMW hasn't cut back, yet.)
It's an agonizing moment for incumbents and new entrants alike; the winners will those able to respond nimbly to volatile consumer demand, while not forgetting that the energy transition is unstoppable. Thanks to a flexible manufacturing system and prior experience of underwhelming EV sales, BMW should be more resilient than most.
Leaving aside enthusiastic early adopters, most consumers haven't yet been persuaded to go electric due to lingering worries about cost, recharging, high insurance premiums and poor residual values. These problems are solvable, but I don't blame customers for having doubts: A car is the second most expensive thing most of us buy, and EVs often aren't affordable.
As with mobile phones or televisions , the next generation of battery-powered models will be better value and more capable than the first — and also more profitable for manufacturers. (Ford's EV unit has lost more than $3 billion so far this year)
The crux of the problem, as far as the industry is concerned, is that only by investing more in factories and technology will it achieve the scale economies and lower costs needed to attract more buyers. The sums are astonishing — VW anticipates investing more than €120 billion ($131 billion) in EVs and software in the next five years. Automakers have tried to limit the risks of misjudging demand by entering into battery joint ventures.
President Joe Biden's administration is offering gargantuan subsidies under the Inflation Reduction Act, which have been matched by neighboring Canada. Automakers and battery makers could together receive more than $170 billion toward the cost of running their North American battery plants, according to the sum of Benchmark Mineral Intelligence and Canadian Parliamentary Budget Officer estimates.
In short, automotive capital junkies have become subsidy junkies, but there's a catch: IRA production incentives are scheduled to end in 2032 —
The website gametalkz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Top Authors
Popular Topics
gamesradar.com
18.12.2023 / 16:20
Maestro producer responds to controversy over Carey Mulligan's casting
Even before Netflix’s Maestro was released in theaters last month, it had already been hit by two controversies.
comingsoon.net
14.12.2023 / 15:37
Captain America: Brave New World Adds a Writer for Upcoming Reshoots
has gotten an additional writer for the Marvel Studios sequel’s upcoming reshoots.
comingsoon.net
11.12.2023 / 09:49
Amazon Prime Video Schedule December 11-17: New TV Shows & Movies Being Added
Starting on December 12, viewers can stream Wes Anderson’s latest project, Asteroid City, a comedy-drama that revolves around the events at a 1955 Junior Stargazer convention from the perspective of multiple attendees in the form of a play. The film serves as Anderson’s homage to popular memory and mythology about extraterrestrials and UFOs witnessed in the Southwestern deserts of the United States during the postwar period of the American 20th century and features an ensemble cast that includes Tom Hanks, Jason Schwartzman, Edward Norton, Adrien Brody, Bryan Cranston, Tilda Swinton, Jeffrey Wright, Willem Dafoe, Scarlett Johansson, Margot Robbie, Steve Carrell, Jeff Goldblum, and Maya Hawke, among other cast members.
wccftech.com
09.12.2023 / 18:59
Warframe Whispers in the Walls (and beyond) Q&A with Creative Director Rebecca Ford
At The Game Awards 2023, Digital Extremes confirmed the final release date for Warframe's Whispers in the Walls update. Players will get the free patch on Wednesday, December 13, and it'll also mark the start of the long-awaited cross-save rollout.
gamesradar.com
08.12.2023 / 18:03
The 7 best new movies and shows to stream this weekend
Another weekend means another batch of streaming recommendations, and there's plenty of variety to choose from this week. Julia Roberts, Ethan Hawke, and Mahershala Ali star in new Netflix thriller Leave the World Behind, while Todd Haynes' May December, which is already generating Oscar buzz for actor Charles Melton, has made its way to the UK via Sky Cinema. If you're in the mood for something a little more festive and lighthearted, try animated movie Merry Little Batman or Christmas rom-com Your Christmas or Mine 2, both on Prime Video.
techradar.com
08.12.2023 / 04:37
Life Is Strange developer announces brand new game Lost Records: Bloom & Rage
Developer Don't Nod has announced its next game, Lost Records: Bloom & Rage.
tech.hindustantimes.com
07.12.2023 / 10:51
Meta Tests New AI Features Across Apps in Bid To Boost Appeal
Meta Platforms Inc. is betting artificial intelligence will convince people to spend more time on its social media apps next year and is using the technology to make the biggest changes across its platforms since introducing short-form video Reels in 2020.
tech.hindustantimes.com
07.12.2023 / 01:59
Apple, Google Forced to Give Foreign Governments User Notifications Data: US Lawmaker
Apple Inc. and Alphabet Inc.'s Google have been forced by foreign governments to provide users' data from notifications they get on their devices, according to a US lawmaker, drawing attention to a new privacy concern.
pushsquare.com
06.12.2023 / 23:02
We No Longer Accept Cash Stored in Underwear, and 8 Other GTA 6 Easter Eggs You Missed | Push Square
The hotly anticipated GTA 6 trailer is out now, and you bet we’ve been watching it on 0.25 speed to try and pick up on any details you may have missed. As with any Rockstar release, while the clip itself is only 90 seconds long, each frame is densely detailed. And we can confirm the Scottish studio’s sense of humour is alive and well, as it lampoons modern American life in a number of different ways.
pushsquare.com
06.12.2023 / 23:01
Crunchyroll Anime Finally Comes to PS Plus, Kind Of | Push Square
Sony has announced that, starting on the 5th December, select Crunchyroll shows will be added to Sony Pictures Core — the movie-based service that PS Plus Premium subscribers have access to. For those who might now know, signing up to the most expensive PS Plus tier gets you access to a fairly sizeable catalog of films at no extra cost — and now some Crunchyroll anime is being thrown into the deal.
tech.hindustantimes.com
04.12.2023 / 04:47
PM Narendra Modi Shouldn’t Chase Elon Musk-led Tesla to Make in India
Elon Musk may be close to winning a long-running battle of wills with the Indian government led by PM Narendra Modi. Policy makers in New Delhi have been hoping to entice Tesla Inc. to produce electric vehicles in India. Musk, meanwhile, wants to sell his cars here without paying the exorbitant import tariffs that India charges.