Olice in the southern Brazilian state of Santa Catarina have raided a clandestine factory manufacturing bootleg luxury vehicles.Officials from the Santa Catarina Civil Police’s Investigative Unit seized eight semi-assembled replicas of Ferraris and Lamborghinis in Monday’s raid.The investigation began when Ferrari and Lamborghini representatives contacted the Santa Catarina Civil Police.
Author: World_Newz Mon
Toyota Strikes Deal With World’s Top Supplier of Electric Car Batteries
Toyota Motor Corp. agreed to buy batteries from Contemporary Amperex Technology Co. Ltd. as part of a broader partnership, the latest in a slew of tie-ups being forged as global carmakers race to secure stable supplies for electric vehicles.
VW has still made no decision to build plant in Turkey
VW has still made no decision to build plant in Turkey TANJUG News Agency | Jul 17, 2019 at 12:42 PM German car manufacturer Volkswagen has still made no decision to build a plant in Turkey.
China’s EV startup denies laying off 90 employees in Silicon Valley
China’s electric vehicle (EV) startup Seres, formerly known as SF Motors, on Tuesday denied it has fired 90 employees at its Silicon Valley office, saying only 47 jobs were cut across the United States.The SF5 model, first unveiled in Silicon Valley in March 2018, is a small SUV boasting as much as 684 horsepower with 300 miles (about 480 km) of range, equipped with advanced intelligent EV technologies.Seres is the EV unit of China’s Chongqing Sokon Industry Group (Sokon), whose U.S. headquarters is in Santa Clara, Silicon Valley.
SAIC General Motors Is Sticking With Low-Emission, but Unpopular Engine
One of China’s top carmakers said it will continue to equip its vehicles with a type of engine that emits less pollution, even though it has been a drag on sales, as China has ramped up efforts to improve the fuel efficiency of gas guzzlers.The standards aim to cut polluting emissions from new vehicles by about half of the previous threshold.In June, China’s car sales rose 4.9% year-on-year to 1.8 million, the first sales increase since May 2018.
Ford CEO under pressure to execute ambitious global strategy
The spotlight is on Ford CEO Jim Hackett and his ability to balance several significant challenges as the carmaker pursues new partnerships that complicate manufacturing operations while advancing a historic overhaul of its business in an increasingly uncertain global trade environment.Auto manufacturers are aggressively turning to alliances with one-time rivals to reduce the large investment costs needed to produce emissions-free vehicles and develop autonomous driving technology.Ford’s pending passenger vehicle with Volkswagen’s electric platform will only be available in Europe, due to U.S. consumer preference for larger sports utility vehicles and pick-up trucks.
VW decides to build new factory near Izmir, Turkey
German automaker Volkswagen Group has decided to build a multi-brand plant in Turkey, the Automotive News Europe portal revealed Friday, quoting a report by its sister publication Automobilwoche.In the selection process, Turkey was competing with Serbia and Bulgaria.
A Ford-Volkswagen alliance with Argo could redraw self-driving sector
An expanded alliance between Ford Motor Co and Volkswagen AG that includes a partnership in Ford self-driving unit Argo AI could redraw the balance of power in autonomous vehicles.Argo has been overlooked as Waymo, Alphabet Inc’s self-driving subsidiary, has deployed its robo-vans, and General Motors Co’s Cruise Automation subsidiary has raked in billions of dollars in investments.VW recently concluded a development agreement with Aurora, the Silicon Valley self-driving start-up that includes Hyundai Motor Co and Fiat Chrysler Automobiles among its customers. More sourcesA Ford-VW alliance with Argo could redraw self-driving sector (Reuters: Jul 12, 2019 at 12:39 AM)
China iconic brand Hongqi’s luxury SUV hits the market
CHANGCHUN, July 12 (Xinhua) — China's automaker FAW Group on Friday began selling the first C-Class sport utility vehicle (SUV) of its iconic Hongqi brand in a bid to capture a slice of the luxury car market.
The Hongqi HS7 model, launched in the northeastern Chinese city of Changchun, is priced at a range of 349,800 yuan (50,900 U.S. dollars) to 459,800 yuan, the Changchun-based carmaker said.
The model is equipped with a 3.0L V6 engine with mechanical supercharging and higher-end interiors.
With the new SUV model, Hongqi currently has two models in both the sedan and SUV categories.
Hongqi, meaning “red flag,” is China's iconic sedan brand. The brand was established in 1958 and has been used as the vehicle for parades at national celebrations.
To help expand its market reach, FAW, the first automaker in China having been established in 1953 in Changchun, is undertaking market reforms for the Hongqi brand and rolling out diversified models.
The brand saw strong sales growth..
Hyundai aims to sell 8,000 Venue SUVs in S. Korea this year
Hyundai Motor Co. said Thursday it is aiming to sell 8,000 units of its all-new entry-level Venue sport utility vehicle in South Korea this year.The Venue, which comes with a 1.6-liter gasoline engine, is priced at 15 million won to 21 million won (US$13,000-$18,000).Hyundai has also strengthened its SUV lineup by adding competitive new models, as represented by the Palisade. More sourcesHyundai Motor launches entry SUV Venue in S. Korea (Yonhap News Agency: Jul 11, 2019 at 1:56 AM)