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Scout unveiled pre-production models of the Terra pickup truck and Traveler SUV at an event in Nashville this week. The electric Scout Terra pickup truck and Traveler SUV. AdvertisementA pre-production model of the Scout Terra pickup truck. Scout MotorsScout's rugged trucks are likely to compete directly with outdoorsy EV brand Rivian, which also offers electric pickup trucks and SUVs. The front seat of the electric Scout Terra pickup truck.
Persons: Rivian's R1T, , Scout, Rivian, R1T, Scout's Organizations: VW, Scout, Service, Scout Motors, Terra, Scouts, outdoorsy, Volkswagen, EV Locations: Nashville
However, slower-than-expected adoption of EVs and higher costs have led it to change course and include extended-range electric vehicles, or EREVs. Scout Terra pickup truck conceptKeogh said Scout added EREVs to better protect the brand from any market volatility amid less-than-expected consumer demand for EVs. Interior of Scout Traveler SUV concept ScoutBoth the Traveler and Terra are expected to start between $50,000 and $60,000 with available incentives, according to Scout. It's larger than Jeep's well-known Wrangler, which is currently available as a plug-in hybrid electric vehicle. Scout Traveler SUV concept
Persons: Scott Keogh, Keogh, Scout, Ford, Stellantis Organizations: Scout, NASHVILLE, — Volkswagen, Scout Motors, CNBC, EV, Lucid, VW, International, American, Ford Bronco, Toyota Land, Ford, General Motors Locations: Tenn, American, U.S, South Carolina, Scout's South Carolina, Canada, U.S ., Nashville , Tennessee
Analyst Nick Lai, who has an overweight rating on the Chinese electric vehicle maker, added Xpeng to the Wall Street bank's positive catalyst watch list in a 17-page report out Sunday. This comes amid JPMorgan's forecast that EREVs and plug-in hybrid electric vehicles combined will make up about 60% of the new energy vehicle market by 2030 – almost double last year's figure. Another event that could drive the stock higher is Xpeng's third-quarter results next month, which Lai thinks will show expanded gross profit margins. Heading into 2025, Xpeng should see more volume growth, JPMorgan said, with the bank forecasting 72% volume growth in 2025. As a result, Xpeng should see positive free cash flow next year and a profit in 2026, according to Lai.
Persons: Nick Lai, Lai, BEV, , Max, Mona, Xpeng, they've Organizations: JPMorgan Locations: 4Q24, 1Q25, Xpeng
Noa Argamani, the freed Israeli hostage who was kidnapped from a music festival during the Oct. 7 terrorist attack and held in Gaza until June, celebrated her freedom this week by returning to the dance floor. She addressed whether a celebration was suitable when dozens of hostages remain in Gaza following the Oct. 7 attack that sparked war between Israel and Hamas militants. The party was titled "Return to Life" and featured a large graphic image of Or with the words, "We will dance again." More than 40,000 people have been killed in Gaza since Israel launched its offensive in the enclave following Hamas’ Oct. 7 terror attacks, local officials say. Some 1,200 people were killed and around 250 others taken hostage in the Hamas assault, according to Israeli officials, marking a major escalation in a decadeslong conflict.
Persons: Noa Argamani, Yaakov, there's, Avinatan, Argamani, Benjamin Netanyahu, Joe Biden’s, Brett McGurk, , Organizations: Nova, Israeli Locations: Gaza, Israel, Cairo, Tokyo
Reuters —Israeli President Isaac Herzog attended the opening of the National Holocaust Museum in Amsterdam on Sunday amid pro-Palestinian protests demanding an immediate ceasefire in the Israel-Hamas conflict in Gaza. Human rights group Amnesty International put up detour signs around the museum to direct Herzog to the International Court of Justice (ICJ) in The Hague. Demonstrators protest against Israel's President Isaac Herzog attending the opening of the new National Holocaust Museum. Peter Djeong/APPeople protested with signs and Palestinian flags near the museum. The museum told media that it had invited Herzog before the Hamas attack and Israel’s subsequent offensive in Gaza.
Persons: Isaac Herzog, , Herzog, Peter Djeong, Mouneb, Erev, Herzog’s, , Israel, ” Herzog Organizations: Reuters, National Holocaust Museum, ” Health, Hamas, Amnesty, International Court of Justice, AP, Anadolu Agency, Getty, Palestinian Community, Socialists International, Court of, Israel, Labor Locations: Amsterdam, Israel, Gaza, The Hague, South Africa, Nazi Germany
A Li L7 electric SUV by Li Auto is displayed at the Auto Shanghai show, in Shanghai, China April 18, 2023. One-third of total vehicle sales by Toyota, the world's top-selling automaker, are already hybrids and the company reported a 34% surge in hybrid sales in the six months to end-September, outpacing 9% growth in overall revenue. Sales of HEVs in China, which Toyota still dominates with four top-selling models, tumbled 15%, while gasoline car sales dropped 11%, underscoring potential challenges facing foreign automakers. But it was a failed trial, with sales of just over 4,000 units, and GM in 2020 halted sales. BYD is expanding PHEV sales overseas, offering Han, Qin and Song lineups in Latin America, which has less charging infrastructure.
Persons: Li Auto, Aly, Xu Min, Yale Zhang, BYD, Li, Han, Qin, Stellantis, Leapmotor, Xu, Bill Russo, Zhang Yan, Brenda Goh, Miyoung Kim, Gerry Doyle Organizations: Li, Auto, REUTERS, Rights, Toyota, Honda, Shanghai Jiao Tong University's Institute, Intelligent, Reuters, China Association of Automobile Manufacturers, HK, Automotive Foresight, Reuters Graphics, Prius, General Motors, Buick, GM, Li Auto, Jiao Tong University, HEVs, Thomson Locations: Auto Shanghai, Shanghai, China, Europe, U.S, outpacing, United States, Shanghai Jiao, Reuters Graphics CHINA, America, Leapmotor, North America
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