BMW AG isn’t showing much enthusiasm to get on board with a German government push to establish battery cell production in Europe, slowing a plan to create an industry that keeps pace with Asian rivals and get on the front foot on elusive climate goals.
Author: World_Newz Mon
1967 Ford Mustang rebooted with electric power, supercar price
The 1967 Ford Mustang is being rebooted.A new British automaker named Charge is now selling a battery-powered version of the classic American sports car.Charge’s coupe mixes an officially-licensed aftermarket body with a 64 kilowatt-hour battery pack and four electric motors that put out a muscle car-like combined 469 hp and 885 lb-ft of torque.
Another Profit Warning Hits Daimler Share Price
Daimler’s share price dived nearly 3% Monday after the Mercedes Benz parent company cut its profit forecast to take account of its diesel transgressions.
Mazda recalls over 900 cars in Russia due to engine problems
MOSCOW, June 24. /TASS/. Mazda Motor Rus, Russian Mazda dealer, recalled 1938 Mazda 6 and CX-5 cars in Russia due to problems with the engine intake flap, according to the Federal Agency for Technical Regulation and Metrology (Rosstandart).
In the worst case, the problem could lead to an engine stop, Rosstandard warned. All repair works will be carried out free of charge for the owners.
Electric startups failing to spark excitement among investors
Chinese electric car startups are having a tough time raising money to turn their blueprints into reality as their vehicles are increasingly alike and those on the market fail to meet expectations.For 2018, the total funds raised stood at $7.7 billion.In May, the total new energy vehicles sold in China stood at 100,000 units.
Human Horizons to manufacture cars at Kia’s joint venture
Chinese electric car startup Human Horizons will produce its first model at a plant owned by South Korean carmaker Kia’s joint venture in China.It’s focused on innovation and has been working on developing smart electric vehicles since its establishment in 2017.Other electric car startups outsource production at established carmakers.
McLaren to build new wind tunnel
The team, who last won a race in 2012, have been using the Toyota facility in Cologne, Germany, for most of the past decade.Construction of the facility, replacing an old one, will take about two years and will be shared with the automotive side of the company and other motorsport projects.McLaren enjoyed their best qualifying session since 2016 at the French Grand Prix on Saturday.
Johnson Matthey chief: ‘Diesel will be around for a long, long time’
The 202-year-old manufacturer generates nearly two thirds of its £4.2bn turnover by supplying car makers with catalytic converters.About one in three new cars worldwide has a Johnson Matthey autocatalyst on it.Diesel, dirtier than petrol, is first in the firing line.
India asks scooter, bike makers to draw up plan for EVs
NEW DELHI, June 22 (Reuters) – India's federal think-tank has asked scooter and motorbike manufacturers to draw up a plan to switch to electric vehicles, days after they publicly opposed the government's proposals saying they would disrupt the sector, two sources told Reuters.
Niti Aayog officials met with executives from companies including Bajaj Auto, Hero MotoCorp and TVS late on Friday, giving them two weeks to come up with the plan, according to one of the executives.
The think-tank, which is chaired by Prime Minister Narendra Modi and plays a key role in policymaking, had recommended that only electric models of scooters and motorbikes with engine capacity of more than 150cc must be sold from 2025, sources have told Reuters.
Automakers opposed the proposal and warned that a sudden transition, at a time when auto sales have slumped to a two-decade low, would cause market disruption and job losses.
India is one of the world’s largest two wheeler markets with sales of more..
Ford to offer its factories in Russia for sale
MOSCOW, June 21. /TASS/. Ford carmaker will offer its closing plants in the Russian cities of Vsevolozhsk and Naberezhnye Chelny for sale, Industry and Trade Minister Denis Manturov told reporters.
“Ford has fully repaid the loan to Vnesheconombank in Naberezhnye Chelny and Vsevolozhsk, so as of today those Ford plants will be sold in compliance with the existing procedure through bidding,” the minister said.
Manturov did not elaborate on possible bidders.
In late March, Ford Sollers, a joint venture of the US automaker Ford and Russia’s Sollers, announced that it would cease production of passenger cars in Russia by the end of June 2019.
The production at the site in Naberezhnye Chelny, where Ford Fiesta and Ford Ecosport were manufactured, and the production of engines in Elabuga ended on June 3. The production at the plant in Vsevolozhsk were Ford Focus and Ford Mondeo were produced came to an end on June 20.
Ford and Sollers will create a renewed joint venture on the basis of the p..