Hennessey’s Venom F5 could be the first road car to break 300 miles per hour Faster than an F1 car and named after an F5 tornado, the newest Hennessey Venom is the kind of car that unquestionably belongs at the Geneva Motor Show. It is all about raw power and radical design. It’s also about… Continue reading Hennessey’s Venom F5 could be the first road car to break 300 mph
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Germany’s Continental and Chinese Auto Parts Maker CITC Team Up To Develop Hybrid Battery Systems
Continental AG (CON.XE), a German automotive supplier, said it plans to set up a joint venture with Chinese auto parts maker Sichuan Chengfei Integration Technology Co. to develop and manufacture 48-volt battery systems for cars. Continental AG will hold a 60% interest in the joint venture and the rest will be held by CITC, a… Continue reading Germany’s Continental and Chinese Auto Parts Maker CITC Team Up To Develop Hybrid Battery Systems
Relations between British builders and distributors have deteriorated
As is the case every year, the NFDA, the leading syndicate of car dealerships across the Channel, has conducted a survey of its affiliates, which highlights the deterioration in the relationship between distributors and licensors. Throughout 2017, relations between distributors and manufacturers across the Channel have deteriorated, according to a survey conducted by NFDA, the… Continue reading Relations between British builders and distributors have deteriorated
Annual figures: BMW makes record profit – and benefits from Trump’s tax reform
BMW boss Harald Krüger Satisfied in Geneva: BMW can present a new record profit. (Photo: AP) BMW Thanks to the US tax reform, the net profit has increased significantly. The surplus climbed in 2017 to 8.7 billion euros, which is 26 percent more than in the previous year, as the Munich car maker announced on… Continue reading Annual figures: BMW makes record profit – and benefits from Trump’s tax reform
Geneva Motor Show 2018: Jaguar Land Rover reassesses dealer relationships after disappointing NFDA Survey results
Jaguar Land Rover’s relationship with its UK car dealer network will change from a “parent-child” to “adult-adult” after two constructive sets of talks with retailers, conceded managing director Jeremy Hicks.
C_Two: The second electric supercar from Rimac
Electric supercar Rimac Concept Two: no car for the Sunday excursion (Image: Dirk Kunde) Geneva Motor Show The Croatian sports car manufacturer Rimac presents its electric Concept Two in Geneva. The two-seated electric car It reaches 412 km / h and up to 650 km range. From Dirk customer It’s just a small detail, but… Continue reading C_Two: The second electric supercar from Rimac
Carsome raises $19M for its used-car sales platform in Southeast Asia
Funding for Southeast Asia’s car trading platforms is like buses. After a long wait without news, a third startup has raised funding in the space of a month. Carsome, a Malaysia-based company that also operates in Singapore, Indonesia and Thailand, announced today it has raised a $19 million Series B round just weeks after smaller… Continue reading Carsome raises $19M for its used-car sales platform in Southeast Asia
Volkswagen boss: German city diesel ban is ‘scary and unnecessary’
Volkswagen boss Herbert Diess has reacted to the recent German court ruling that cities can ban the most heavily polluting diesels, describing the move as “a scary picture and totally unnecessary”. When the ruling was announced late last month, the court also said that Stuttgart should start to impose a year-round ban, while Dusseldorf should also… Continue reading Volkswagen boss: German city diesel ban is ‘scary and unnecessary’
660,000 electric cars by 2025: BMW partner Great Wall invests heavily in electromobility
Everything electric With the brand Haval Great Wall is already the largest SUV provider in China. Now also the electric market is to be conquered. (Photo: Reuters) The Chinese car manufacturer Great Wall wants to more than double its annual sales by 2025 to two million vehicles. About a third of these would be electric… Continue reading 660,000 electric cars by 2025: BMW partner Great Wall invests heavily in electromobility
Rolls-Royce Motor Cars boss lambasts Aston Martin
Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. Choose the subscription that is right for you Read more For 4 weeks receive unlimited Premium digital access to the FT’s trusted, award-winning business… Continue reading Rolls-Royce Motor Cars boss lambasts Aston Martin