CHANGCHUN, Oct. 12 (Xinhua) — China’s leading automaker First Automotive Works (FAW) Group Co., Ltd. will release 20 new models under its iconic sedan brand Hongqi in the next five years. Hongqi will re-release its traditional oil-fueled cars as hybrid or electric models by 2023 and by 2025, pure electric cars will account for at… Continue reading World NM: FAW’s iconic sedan brand Hongqi to release 20 new models000261
Author: World_Newz Mon
World NM: GKN Automotive and Tata Technologies to develop next-generation of electric vehicles000248
GKN Automotive, a global leader in automotive technologies, announced joining forces with Tata Technologies, a global engineering and product development digital services company, to establish and set up an advanced global e-mobility software engineering centre in Bengaluru, India. The new centre, based in Bengaluru, will utilize Tata Technology’s expertise in electric and embedded systems and… Continue reading World NM: GKN Automotive and Tata Technologies to develop next-generation of electric vehicles000248
World NM: Honda makes a U-turn to catch U.S. truck, SUV trend000247
Honda Motor Co is redesigning the looks and the marketing for its sport utility vehicles and trucks to appeal to U.S. consumers who are paying premiums for rival automakers’ vehicles that offer a more rugged, off-road adventure image. Honda does not sell a large pickup that competes with the Ford F-150, and is therefore shut… Continue reading World NM: Honda makes a U-turn to catch U.S. truck, SUV trend000247
World NM: Vietnam’s first carmaker launches 414bhp VinFast President SUV000245
Inside, the VinFast President SUV offers comfort for both the driver and the rear seat occupant with massage, heating and ventilation features for the first and second rows. Compared to the LUX SA2.0 SUV, the VinFast President SUV offers an increased legroom in the second row by up to 200mm. Powering the VinFast President SUV… Continue reading World NM: Vietnam’s first carmaker launches 414bhp VinFast President SUV000245
World NM: Bugatti could set revenue record in 2020, but will delay second model, company president says000242
Bugatti is still making bank. The VW Group-owned hypercar maker could set a record year for revenue in 2020 despite the global economic slowdown caused by the coronavirus pandemic, but is still feeling its effects. Go to Source
World NM: Bugatti halt plans new supercar amid pandemic woes000241
French automaker Bugatti has announced that it will be putting plans for a second model to go alongside the Chiron model ahead of parent company Volkswagen’s investment review next month. The deicision was made owing to the damage the automotive industry has faced in the wake of the Covid-19 pandemic, ramifications that can be felt… Continue reading World NM: Bugatti halt plans new supercar amid pandemic woes000241
World NM: GS Caltex to acquire stake in Vietnamese startup VI Automotive Service000238
GS Caltex Corp., South Korea’s second-largest refiner by sales, said Wednesday that it has signed a deal worth 39 billion Vietnamese dong (US$1.6 million) with Vietnamese startup VI Automotive Service in its first investment in the emerging country. VietWash, a subsidiary of VI Automotive Service, operates about 50 car washes in Vietnam. GS Caltex is… Continue reading World NM: GS Caltex to acquire stake in Vietnamese startup VI Automotive Service000238
World NM: McLaren unveils first ‘mass market’ hybrid supercar000233
McLaren has begun final testing of its first production electric hybrid supercar before it goes on sale early next year. It will be the first McLaren to be built around the carbon-fibre lightweight chassis made at the company’s new composites technology centre in Sheffield. As well as a V6 petrol engine, the hybrid will have… Continue reading World NM: McLaren unveils first ‘mass market’ hybrid supercar000233
World NM: DRB to invest 1 bln rubles in production of Hyundai car parts in Leningrad region000210
ST. PETERSBURG, September 30. / TASS /. The DRB RUS company (the Russian subdivision of the South Korean company DRB) will build a plant in the Leningrad Region for the production of components for Hyundai cars with an investment worth 1 billion rubles, according to the agreement on cooperation that signed by Governor Alexander Drozdenko… Continue reading World NM: DRB to invest 1 bln rubles in production of Hyundai car parts in Leningrad region000210
World NM: Uber weighs purchase of BMW-Daimler ride-hailing venture000205
Uber Technologies Inc is considering a purchase of Daimler AG and BMW AG’s ride-hailing joint venture Free Now, a deal that could boost its market share in Europe and Latin America. Daimler valued the equity investment in its half of the Your Now venture at 618 million euros (S$990 million) at the end of June.… Continue reading World NM: Uber weighs purchase of BMW-Daimler ride-hailing venture000205