News

Tesla raises Cybertruck prices by $5,000 amid weak demand

KATHMANDU: Tesla has increased the prices of two Cybertruck variants by $5,000 in the US. The company quietly updated its online configurator on August 24 without making any changes to the truck’s specifications. The Dual Motor AWD now starts at…
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Volkswagen CEO warns company’s situation is ‘more than critical’

KATHMANDU: Volkswagen CEO Oliver Blume has described the carmaker’s current situation as “more than critical” as the company faces growing pressure from Chinese automakers, US tariffs and excess production capacity in Europe. Blume said Volkswagen and Germany’s wider auto industry…
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BYD, Cimex to donate Rs 70 million to flood relief fund

KATHMANDU: BYD and its authorized distributor in Nepal, Cimex Inc., have announced a donation of Rs 70 million for communities affected by the recent floods. The amount will be deposited into the Prime Minister’s Disaster Relief Fund. It will support…
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Jetour SUVs stranded in floods as new Tourer electric SUV emerges

KATHMANDU: Jetour’s entry into Nepal has been hit by the recent Bhotekoshi flood, with the SUVs brought for the brand’s Nepal debut reportedly unable to reach Kathmandu. Laxmi Group is preparing to introduce JETOUR in Nepal. The company had planned…