Electric Lotus Esprit restomod under consideration by Hethel’s new bespoke division

Earlier this year, Lotus Advanced Performance was launched, promising to bring various existing elements of the British sports car brand (including motorsport and the Lotus Driving Academy) under one roof, with various new services added to the roster.  Speaking to Auto Express at the Goodwood Festival of Speed, Simon Lane, who’s heading up the new… Continue reading Electric Lotus Esprit restomod under consideration by Hethel’s new bespoke division

British race car builder Lola set for revival

Lola, one of the world’s most prolific constructors of racing cars, is set for revival 10 years after it closed for business following an asset buyout by a British businessman. US-based Till Bechtolsheimer has purchased all Lola assets, including its fully operational wind tunnel and technical centre in Huntingdon, plus the intellectual property and designs for… Continue reading British race car builder Lola set for revival

Lanzante to reveal radically reworked supercar every year

British engineering firm Lanzante plans to launch a new car every year and will diversify beyond its McLaren mainstay as part of its expansion plans. Boss Dean Lanzante told Autocar that the Hampshire-based operation plans to launch “a project of some kind” each year at Goodwood as part of a “medium-to-long-term” agreement with the event. These… Continue reading Lanzante to reveal radically reworked supercar every year

Matter raises USD $10 million in fresh funds

Ahmedabad-based energy storage and e-mobility startup Matter said it has raised US$ 10 million (Rs 78.30 crore) in fresh funding. The new funding, it said, will be utilised towards the launch of its upcoming product lines, including both in e-mobility and energy storage products. After introducing its active-cooled, lithium-ion battery pack as well as its… Continue reading Matter raises USD $10 million in fresh funds

German Handelsblatt: Car manufacturer: Former BMW manager again accused of bribery004536

BMW headquarters in Munich The former manager is in custody. (Photo: dpa) The Munich public prosecutor’s office has brought two further charges of breach of trust and bribery against a former BMW manager. “The man is said to have given preference to companies when awarding contracts between 2007 and 2017 and received a total of… Continue reading German Handelsblatt: Car manufacturer: Former BMW manager again accused of bribery004536

Chain reaction: companies are ALREADY placing their Christmas 2022 orders

It might seem early, but it really will be Christmas in July for many firms this year as they stock up in advance to beat supply chain delays. Summer is in full swing, and with Christmas Eve a full six months away, the festive season is still at the back of most shoppers’ minds. But… Continue reading Chain reaction: companies are ALREADY placing their Christmas 2022 orders

Polestar goes public amid uncertainty around EV stocks

Polestar is the latest electric vehicle company to go public, listing its stock on the Nasdaq exchange Friday after successfully merging with a special-purpose acquisition company, or SPAC. The company plans on using the $850 million in fresh capital to fund its three-year plan to make several new electric models and become profitable. The Swedish… Continue reading Polestar goes public amid uncertainty around EV stocks

German Handelsblatt: Commercial vehicles: Daimler Trucks are sold out – customers pay higher prices004535

Production at Daimler Truck The world’s largest truck manufacturer has been independent of the former parent company Daimler since 2021. (Photo: dpa) If you want to know how the world economy is doing, you can see a lot in the sales figures for trucks. Because little can be saved more easily in an imminent downturn… Continue reading German Handelsblatt: Commercial vehicles: Daimler Trucks are sold out – customers pay higher prices004535