Tesla spends the most R&D and least in advertising per car sold

A new report shows that Tesla is spending more in research and development (R&D) per car than any other automaker by a wide margin, and it is spending the least in advertising per car sold. Tesla is now the biggest automaker in the world by market capitalization, despite selling only a fraction of the number… Continue reading Tesla spends the most R&D and least in advertising per car sold

@Renault: RENAULT GROUP: Availability of the 2021 Universal Registration Document000370

PRESS RELEASEMarch 24, 2022 Availability of the 2021 Universal Registration Document Boulogne-Billancourt, March 24, 2022 – Renault announces that the 2021 Universal Registration Document (in French version) has been filed, in ESEF format, with the French Financial Markets Authority (Autorité des Marchés Financiers – AMF), on March 24, 2022. The 2021 Universal Registration Document (French version)… Continue reading @Renault: RENAULT GROUP: Availability of the 2021 Universal Registration Document000370

New 2022 Ferrari Purosangue SUV shown in official teaser pic

Ferrari has confirmed that it will reveal its first SUV later this year, teasing the new car’s front end design on Instagram ahead of its arrival.  Codenamed Purosangue, the SUV’s final name has yet to be revealed but it’s likely to be positioned as a higher-riding, high-performance Ferrari model rather than a two-box SUV. The… Continue reading New 2022 Ferrari Purosangue SUV shown in official teaser pic

724bhp Mercedes-AMG GT Track Series debuts as Affalterbach most powerful sports car

Having already pushed the envelope rather far with the Black Series, Mercedes-AMG has developed an even more extreme and non-road-legal version of the GT.  Dubbed the Mercedes-AMG GT Track Series, it uses a fettled version of the Black Series’ flat-plane 4.0-litre twin-turbo V8. Thanks to motorsport-spec fuel injectors and other unspecified tweaks, it produces 724bhp,… Continue reading 724bhp Mercedes-AMG GT Track Series debuts as Affalterbach most powerful sports car

Honda announces new SUV for 2023

Honda has revealed its plans for a new SUV to sit alongside the HR-V, CR-V and e:Ny1. The new car will occupy the C-segment SUV sector, rivalling cars such as the Toyota RAV4, Nissan Qashqai and Kia Sportage.  The announcement was made alongside a preview of the upcoming e:Ny1 Prototype, which will be made available… Continue reading Honda announces new SUV for 2023

Drive I/O | Chinese EV makers face price hikes as nickel prices soar, Didi to enter EV market

Nickel prices climbed to an all-time high and could further increase the cost of electric vehicles (EV) and force automakers to cut earnings forecasts. Ride-hailing giant Didi became the latest Chinese tech company to enter consumer EV space; it plans to deliver an entry-level sedan next year. Shares of Nio closed flat in the company’s… Continue reading Drive I/O | Chinese EV makers face price hikes as nickel prices soar, Didi to enter EV market