China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Lamborghini supercars will never be the same by the end of 2024 as the carmaker said that by that time, all of its vehicle models would have been fitted with electric motors. The Italian brand and manufacturer of luxury sports cars may not be fully electric yet in three years but this is the first step.
The plug-in hybrid Lamborghinis
Lamborghini’s chief executive officer, Stephan Winkelmann, announced this week their plans for its range of car models to be a plug-in hybrid. This model features a combination of electric motors and batteries but will still have common internal combustion engines.
CNN Business reported that the luxury automaker’s target customers for its upcoming plug-in hybrid sports cars are individuals who spend hundreds of thousands of dollars for their cars to go fast, sound fast and look good at the same time.
The Lamborghini chief said that this type of car owners would definitely go for and accept this kind of hybrid technology. Winkelmann added that their plug-in hybrids will still offer the usual feel and sound of an internal combustion engine while also allowing the vehicle to run under pure electric power.
It was mentioned that Ferrari, Lamborghini's rival in the luxury sports car business, is already offering similar plug-in hybrid units and Britain's McLaren is also said to be introducing its own version and it will be around soon too.
The investment for the shift to electric motors
In any case, Lamborghini will be investing $1.83 billion or €1.5 billion for this plug-in hybrid project, as per CNBC. With this investment that will be allocated in the next four years, the company is hoping to help reduce carbon emissions in its cars by as much as 50% by 2025.
“Lamborghini’s electrification plan is a newly-plotted course, necessary in the context of a radically changing world, where we want to make our contribution by continuing to reduce environmental impact through concrete projects,” Winkelmann said in a statement. “In 2023 Lamborghini will launch its first hybrid series production car, and by the end of 2024 the entire range will be electrified.”
