Author: World_Newz Mon

World NM: Karma Automotive teases its first all-electric sedan, to debut in 2021000162

Karma Automotive announced it will be introducing a new name for a family of vehicles in 2021 called the GS Series. The lineup will include updated electrification options, technological advancements and Karma’s first-ever battery electric (BEV) luxury sedan. The new electric series will include technological advancements and a price point that will help bring new… Continue reading World NM: Karma Automotive teases its first all-electric sedan, to debut in 2021000162

World NM: McLaren considers sale of global headquarters to raise cash000120

Luxury sports-car maker McLaren Automotive is considering a sale of its global headquarters as part of a refinancing strategy the company announced earlier this year. McLaren sought emergency funds over the summer offering its headquarters and historic car collection as collateral. Existing creditors opposed the plan in court, eventually forcing McLaren to raise 150 million… Continue reading World NM: McLaren considers sale of global headquarters to raise cash000120

World NM: Nearly half of British public say they will never buy an electric car over charging fees000107

Nearly half of the UK public say they will never buy an electric car because of a lack of charging points. The findings highlight the challenge the Government faces as it prepares to bring forward the deadline to phase out new petrol and diesel vehicles, including plug-in hybrid models. The move to bring forward the… Continue reading World NM: Nearly half of British public say they will never buy an electric car over charging fees000107

World NM: General Motors and Honda are teaming up for cost savings and future vehicle development000092

General Motors and Honda are teaming up in North America. The companies announced on Thursday that they have signed a non-binding memorandum of understanding to try and build a North American automotive alliance. Joint engineering will start early next year and will include the sharing of common vehicle platforms that include internal-combustion and electrified powertrains.… Continue reading World NM: General Motors and Honda are teaming up for cost savings and future vehicle development000092

World NM: German new passenger car registrations continue to fall in August000091

BERLIN, Sept. 3 (Xinhua) — New passenger car registrations in Germany fell by 20 percent in August compared with the same month last year to around 250,000 units, the Federal Motor Transport Authority (KBA) said on Thursday. In July, the respective figures were a 5.4-percent drop and 315,000 vehicles, according to the KBA. The year-on-year… Continue reading World NM: German new passenger car registrations continue to fall in August000091

World NM: Geely Auto Moves Closer to Potential $2.9 Billion China Listing000084

Geely Automobile Holdings Ltd., the Chinese carmaker controlled by Volvo Cars owner Li Shufu, may raise as much as 20 billion yuan ($2.9 billion) through a listing on Shanghai’s STAR Market. With the outbreak receding in China, sales have started to revive, and automakers are betting the world’s largest vehicle market can help them return… Continue reading World NM: Geely Auto Moves Closer to Potential $2.9 Billion China Listing000084

World NM: German automotive supplier Continental extends savings program due to COVID-19000081

BERLIN, Sept. 1 (Xinhua) — The German automotive supplier Continental said on Tuesday to expand its savings program, which was initiated in 2019, to save more than one billion euros (1.19 billion U.S. dollars) per year from 2023 onwards. Continental increased its previous savings target by slightly more than 500 million euros annually due to… Continue reading World NM: German automotive supplier Continental extends savings program due to COVID-19000081