When Raphael Zammit saw Tesla Inc.’s Cybertruck pull onto the stage late Thursday, his initial reaction was a mix of shock and horror.
Author: World_Newz Mon
Porsche Is Going All In on Electric, but 911 Will Be Last to Switch
Porsche Is Going All In on Electric, but 911 Will Be Last to Switch Bloomberg | Nov 22, 2019 at 5:18 PM The brand’s CEO for North America says it has to adapt or “we’re going to be left out.”
Nissan Plans First Bond Sale Since Scandals After Leader Changes
Nissan Motor Co. is planning its first bond sale since scandals involving its ex-Chairman Carlos Ghosn and former CEO Hiroto Saikawa, according to people familiar with the matter.
Another Ferrari Hybrid Will Come But Not This Year
Even though the modular underpinnings of the Roma were pre-engineered for hybrid power, the new entry Ferrari will stick with pure front-engined, twin-turbo V8 power for its entire seven-to-eight year life cycle.
Toyota worker’s death ruled suicide after boss’ constant ridicule
An engineer at Toyota killed himself after being constantly ridiculed by his boss, authorities have ruled.After earning a master’s degree at the prestigious University of Tokyo, he joined Toyota in 2015.The term, which means “suicides from overwork” was coined from the word “karoshi,” or “death from overwork,” used to describe workers who die suddenly after putting in extremely long hours.
Ford to introduce all-electric Mustang Mach-E to Chinese market in 2021
LOS ANGELES, Nov. 18 (Xinhua) — A senior manager of Ford Motor has disclosed that the company's all-new, all-electric SUV, donning the iconic pony badge and named Mustang Mach-E, would be introduced to the Chinese market in 2021.
The plan was revealed by Darren Palmer, Ford's global director for battery electric vehicles, in a document released to Xinhua after the company's first all-electric SUV was unveiled Sunday night at Jet Center in Los Angeles, a hall neighboring Tesla's factory.
Mustang Mach-E is the first vehicle based on the company's new EV architecture as part of an 11.5-billion-U.S. dollar plan to develop 40 new all-electric and hybrid models by 2022.
It also marks the first time that the name of Mustang, famous for its original model which has remained in uninterrupted production since its debut in 1964, is being used on a new electric vehicle.
As of August 2018, over 10 million Mustangs, an icon of American pop culture, had been produced in the ..
German Industrial Job Losses Top 80,000 With Daimler Cuts
German Industrial Job Losses Top 80,000 With Daimler Cuts Bloomberg | Nov 15, 2019 at 5:00 AM Germany’s economy may have narrowly avoided a recession, but the pressure on the country’s industry shows no sign of abating.
Honda profit plummets
Honda Atlas Cars reported a 50 per cent drop in its profit after tax down to Rs509.7 million in the July to September period of its half yearly financial results filed with the stock exchange on Thursday.The fall in sales revenue is largely due to a fall in sales volume dropping by 67pc year-on-year.HCAR saw its gross margin improve by 288 basis points to 10.4pc “on back of higher car prices and cost efficiencies” in the second quarter.
Ferrari Roma coupe unveiled
Ferrari has unveiled the new Roma.The luxury coupe can make 0-100 kmph in 3.4 seconds and 0-200 kmph in 9.3 seconds.Ferrari Roma’s chassis makes use of the modular technology developed by the luxury sports car manufacturer for its new generation models.
German auto giant BMW presents research facility for battery cells in Munich
BERLIN, Nov. 15 (Xinhua) — German auto giant BMW presented a battery cell research center on Thursday to “advance battery cell technology and carefully dissect the production processes.”
According to BMW, total investments for the research center in Munich, where 200 people will be employed, are 200 million euros (219.9 million U.S. dollars).
Battery cell technology is a “key success factor” for BMW vehicle fleet because it affects both the operational performance of cars as well as battery costs, said Oliver Zipse, chief executive officer of BMW.
BMW announced that it would not manufacture the battery cells itself but would only develop batteries specially tailored to the needs of its cars in cooperation with the battery manufacturers. Furthermore, scientists at the facility would research new materials to produce battery cells.
Employee representatives at the BMW Group would be “actively involved” with the aim of developing expertise within the company to secure jobs “for the long t..