Canadian billionaire Lawrence Stroll is emerging as the frontrunner to buy a stake in luxury-car maker Aston Martin Lagonda Global Holdings Plc as interest from a rival Chinese investor wanes, people with knowledge of the matter said.
Author: World_Newz Mon
VW CEO Calls for ‘Radical Overhaul’ to Master Technology Shift
Volkswagen AG Chief Executive Officer Herbert Diess told top managers that the world’s largest automaker needs to undergo a “radical overhaul” in the face of industry change or risk being pushed aside.
Audi produces nearly 2 mln engines at Győr plant in 2019
German carmaker Audi turned out almost 2 million engines and more than 160,000 vehicles at its base in Győr (NW Hungary) last year, Audi Hungaria said on Wednesday, Hungarian news agency MTI reports.Robots at the Audi plant.Audi Hungaria made 1,968,742 engines at the plant, 14,441 more than in 2018.
W Motors opens UAE’s first supercar manufacturing facility in Dubai
The only supercar producer in the Middle East will open a manufacturing facility in Dubai this year.W Motors, a car company headquartered in Dubai, will move production to the emirate from its facility in Italy.Other supercar models produced by the company include the 3.8-litre, twin-turbo engine, 800hp Fenyr SuperSport.
GM engineers charged with street racing Corvette test cars at more than 100 mph
He newest Chevy Corvette can apparently do at least 120 mph, but it’s a bad idea to test that out in a 45 mph zone.Kentucky State Police arrested Alexander Thim and Mark Derkatz on Wednesday night after a trooper spotted them driving at high speeds in two 2020 Corvette Stingrays.Thim was driving a red Corvette that reached a speed of 120 mph.
PSA plans to export Opel cars from Russia over time – interview
/Update/
MOSCOW, January 13. /TASS/. Groupe PSA intends to export Opel cars from Russia overtime and the industrial strategy contains relevant plans of the Group, Vice President of Groupe PSA, Managing Director of Peugeot, Citroen and Opel in Russia, Alexei Volodin told TASS in an interview.
“Our team definitely sets export plans in development of the corporate industrial strategy because it is impossible without export plans to have the payback on investments required for successful manufacturing and sales in Russia. Therefore, we are certainly building up our strategy in reliance upon exports in particular,” the top manager said.
PSA has plans to localize production in Russia but they will be currently subject to revision in order to cater for the new concept of differentiating production subsidies for the scrap fee approved by the Russian government, Volodin said.
“Considering the new regulatory requirements to localization, it is difficult for me to state [production localization p..
Opel may include electric cars in model range in Russia
MOSCOW, January 13. /TASS/. Opel is ready to include electric cars in the model range in Russia if there is adequate government support for the development of this type of transport, Vice President PSA, Managing Director of Peugeot, Citroen and Opel in Russia, Alexei Volodin said in an interview with TASS.
“In a number of European countries, popularization of electric vehicles is actively promoted by the state: owners of electric cars are provided with subsidies, benefits and preferences, the ecosystem is actively developing. In Russia, we do yet not see such an active position of the state in the direction of electric vehicles,” he said. “But if the state clearly says that electric transport is our future, let's focus on it, we are technologically ready,” Volodin added.
According to Volodin, the Groupe PSA already has electric cars – in particular, under the Opel (Corsa) brand. “The question is in the feasibility of bringing these cars to the Russian market,” he explained.
Opel c..
FREE NOW platform receives permanent technical permit for ridesharing
The deadline for obtaining the permits for all the alternative transport platforms operating in Romania is February 1st.Currently, more than 60% of the drivers active on the Clever and FREE NOW platforms are authorized according to the law and will be able to continue taking orders after the imposed deadline.The Clever and FREE NOW platforms currently have over 30,000 registered drivers in Romania, both for taxi and alternative transport services.
Fiat Will Effectively Fund Tesla’s German Factory, Baird Says
Fiat Chrysler Automobiles NV’s deal to pool its fleet with Tesla Inc. to comply with stricter emissions rules in Europe is in effect funding the electric-car maker’s upcoming Germany factory, according to Robert W. Baird & Co.
New kid on the engine-less block
DON’T expect to see much under the bonnet of the Audi e-tron, if you poke around one at the Singapore Motorshow this weekend, where it’s making its debut.The S$367,500 (inclusive of Certificate Of Entitlement) sport utility vehicle is a significant car for Audi, given that it’s the brand’s first electric vehicle (EV) for the general public.Audi claims a range of 385km for the e-tron on a full charge, which is plenty enough for most drivers here, even those planning to drive halfway up Peninsular Malaysia.