Aston Martin said on Wednesday it was putting on hold a planned entry into the World Endurance Championship (WEC) and Le Mans 24 Hours with its Valkyrie hypercar.This will allow IMSA prototypes to compete for outright victory at Le Mans and the WEC in 2021-22.The Valkyrie was created as part of a technology partnership between Aston Martin and Red Bull Advanced Technologies.
Author: World_Newz Mon
Tesla China Funding May Be Subject of SEC Inquiry, Evercore Says
Tesla Inc.’s financing arrangements in China may be the subject of the Securities and Exchange Commission inquiry that the electric-car maker disclosed last week, according to analysts at Evercore ISI.
Production Halted Again at Hyundai’s Ulsan Plant
Hyundai is halting production at one of its factories again due to a shortage of parts supplied from China due to the coronavirus outbreak.The Ulsan plant earlier halted production from Feb. 5-12 due to a stoppage in supplies from China of cable harnesses, a bundle of wires that connect various circuits in a car.Other automakers here have also been forced to idle many assembly lines since parts supplies from China have been disrupted due to the coronavirus outbreak there.
Ford recalling over 240K vehicles at risk of suspension failure
Ford is recalling over 240,000 SUVs and cars worldwide because a suspension part can fracture and increase the risk of a crash.The recall covers the Ford Flex, Taurus police car, Taurus SHO and Lincoln MKT from the 2013 through 2018 model years.Most of the recalled vehicles are in North America.
JCB to cut UK production as virus hits supply chain
…halt production soon as it struggles to source parts from Chinese suppliers. Meanwhile, Hyundai shut all of its car factories in South Korea after running out of components. Global tech companies’ supply…
Struggling NIO Delays Salary Payments Because of Coronavirus
NIO Inc. Chairman William Li told employees that the cash-strapped electric carmaker will pay January salaries six days late because of difficulties stemming from the outbreak of the novel coronavirus.
MOTIV single-seat autonomous ‘car’ is the ultimate in personal transporation
It’s an electric, single-seat vehicle designed with autonomous driving in mind.The MOTIV is just over eight feet long and four feet wide, features a gull-wing door and was engineered to meet European passenger car crash test standards.The MOTIV was built with support from a U.K. program aimed at developing electric vehicles and there are currently no firm plans to put it into production.
The Nikola Badger electric pickup revealed as Tesla Cybertruck competitor
Apparently, there’s always room for one more when it comes to electric pickups.Startup automaker Nikola has unveiled plans to offer an electric full-size pickup it is designing in collaboration with a major automaker that will produce it for the Phoenix-based brand.The Badger will compete for customers with upcoming models from Tesla, GMC, Ford and Rivian when the order book opens later this year.
SsangYong Motor Q4 net losses widen on weaker demand
SsangYong Motor Co. on Friday said its net losses widened in the fourth quarter from a year earlier due to lower demand.Sales fell 13 percent to 919.2 billion won from 1.05 trillion won over the same period.Operating losses widened to 281.9 billion won from 64.2 billion won, while sales fell 2.2 percent to 3.62 trillion won from 3.7 trillion won.
Kia Motors in talks over moving $1.1 billion plant out of Andhra Pradesh: Report
South Korea’s Kia Motors is discussing with Tamil Nadu the possibility of moving a $1.1 billion plant out of neighbouring Andhra Pradesh only months after it fully opened, due to policy changes last year, sources close to the talks told Reuters.Kia is being represented in the talks by executives at its sister company Hyundai Motor Co, which is India’s second-largest automaker and has all its car production facilities in Tamil Nadu.The Tamil Nadu and Andhra Pradesh chief minister’s offices did not respond to requests for comment.