Ford, GM say they are prepared for economic downturn

Ford and General Motors (GM) have both gone on the record to say they have cash on hand, and plans in place to deal with a potential recession. At a recent conference in New York, Dhivya Suryadevara, the chief financial officer of GM, told Reuters the automaker has cash reserves of around US$18 billion ($26.55b).

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2024 Tesla Model Y facelift due mid next year – report

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A major update for the world’s best-selling new car is around the corner, with “more obvious” exterior and interior upgrades. What the updated Model Y could look like, illustrated by Theottle. A facelift for the 2024 Tesla Model Y electric SUV may be less than nine months away – after a similar update to the related Model 3 sedan earlier this year – according to a new report. News agency Bloomberg reports Tesla has begun “preparation work” to ready its Shanghai, China factory for a “more obvious” exterior and interior update to the Model Y . Production “may start as soon as mid-2024”, according to the outlet – which could translate to Australian showroom arrivals by the end of next year, if the arrival timeline of the recent Model 3 update is a guide. It is sooner than the October 2024 estimate published in a report by news agency Reuters earlier this year. MORE: 2024 Tesla Model Y facelift due next year with exterior, interior upgrades – report Citing insider so...
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2024 Mitsubishi Triton to be unveiled next month report

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The first new Mitsubishi Triton in a decade is about six weeks from its global unveiling, according to a Thai report. What the new Mitsubishi Triton could look like. Computer illustration by Avarvarii. The 2024 Mitsubishi Triton ute is due to be unveiled at the end of next month, according to a new overseas report. Thai media outlets including Headlight Magazine report Mitsubishi has sent invites to local media for the new Triton’s unveiling in Bangkok on 26 July 2023. Drive has previously reported on a global unveiling around the middle of this year, ahead of showroom arrivals due late this year or early next year. The design of the new Triton was previewed by the XRT Concept shown in Thailand earlier this year , with a larger body and tray than today’s model. What the new Mitsubishi Triton is expected to look like, imagined by Avarvarii. According to Headlight Magazine , the Triton will be unveiled in four-door double-cab and ‘club cab’ (extra-cab) body styl...
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2023 Toyota HiLux GR Sport imagined with this artist impression

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The new flagship of the Toyota HiLux range was caught on camera in Thailand late last year wearing little disguise. Now we have created an artist impression of what it could look like. Last month we got our first look at a camouflaged version of the 2023 Toyota HiLux GR Sport , the flagship ute set to replace the range-topping Toyota HiLux Rugged X in Australian showrooms later this year. Now we have an artist impression of the 2023 Toyota HiLux GR Sport (pictured above) that aims to remove some of the camouflage of the test vehicle caught on camera in Thailand mid-December 2022. As previously reported, although other versions of the Toyota HiLux GR Sport have been launched in Europe, South Africa and Japan over the past year or so, the 2023 edition appears to be the most aggressive yet. The latest Toyota HiLux GR Sport is set to come to Australia for the first time, though timing of the international unveiling and showroom arrivals are yet to be announced. A series ...
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