Category: News Site

Japanese flying car developer SkyDrive raises $37m in Series B

Japan’s flying car developer SkyDrive has raised 3.9 billion yen (approximately $37 million) in its Series B funding round from a group of investors including Development Bank of Japan and Itochu Corporation, according to an announcement. STRIVE, formerly known as Gree Ventures, also participated in this round along with Obayashi Corporation, NEC Corporation, Eneos Innovation… Continue reading Japanese flying car developer SkyDrive raises $37m in Series B

German Manager Magazin: Electric cars – only small cars already offer cost advantages000079

Electric carsare likely to continue to burden the profit margins of automakers for the foreseeable future. According to a study by the management consultancy PwC, it currently costs around 4500 euros more to produce an electric car with a range of 300 kilometers than a classic combustion engine. A comparable plug-in hybrid with an output… Continue reading German Manager Magazin: Electric cars – only small cars already offer cost advantages000079

German Manager Magazin: Daimler AG: Ineos submits binding offer for Smart-Werk000079

The sale of the Smart factory in Hambach, France is about to be completed. The talks with the British petrochemical company Ineos were positive and well advanced, said Daimler on Thursday with. Ineos Automotive submitted a binding purchase offer for Smart France. A decision can only be made when the talks with the employees have… Continue reading German Manager Magazin: Daimler AG: Ineos submits binding offer for Smart-Werk000079

German Manager Magazin: Opel: Michael Lohscheller is open to four days a week000079

Opel boss Michael Lohscheller (51) is open to the initiative of the IG Metall union to secure jobs in the auto industry with a four-day week. “In principle we are open to all ideas. The four-day week can help to secure jobs,” he told the newspapers of the Funke media group (Monday). However, Opel is… Continue reading German Manager Magazin: Opel: Michael Lohscheller is open to four days a week000079

German Manager Magazin: What is Michael Macht doing? 000079

Michael Macht (59) prefers to be out and about where the air is getting thin. This applies to his career in the VW Group, which reached its peak during his time as Porsche boss (2009 to 2010), as well as to his hobby. “I am an avid ski tourer,” he says, and that after he… Continue reading German Manager Magazin: What is Michael Macht doing? 000079

Maruti Suzuki fires on all cylinders in August, sells 113,033 units (21%)

The market mover is back in form and how. In what spells good news for a beleagured industry, Maruti Suzuki India, the passenger vehicle market leader, has reported strong sales of 113,033 units, up 21.3% year on year (August 2019: 93,173). All its vehicle segments, other than the Ciaz premium sedan, have notched smart increases. The… Continue reading Maruti Suzuki fires on all cylinders in August, sells 113,033 units (21%)

Hyundai Motor Company and Kia Motors Preparing to Release PHEV Models of Santa Fe and Sorento in the European Market First

Hyundai Motor Company and Kia Motors are going to release PHEV models of their most popular SUVs “Santa Fe and Sorento” respectively in the European market first in order to actively deal with European regulations on exhaust gas that are going to be stricter starting from next year. The models’ release dates in South Korea… Continue reading Hyundai Motor Company and Kia Motors Preparing to Release PHEV Models of Santa Fe and Sorento in the European Market First

Bespoke Auto Manufacturer Spyker Is Back – Forbes

Spyker plans to produce the C8 Preliator in 2021. Spyker Spyker is a brand better known for its troubles than its line of hand-built sports cars with a vintage feel. Namely it’s associated with a short-lived career as a Formula 1 constructor in 2007 and an ill-fated decision to buy Saab from General Motors GM… Continue reading Bespoke Auto Manufacturer Spyker Is Back – Forbes

Europa Press: Seat expands the Ibiza range with a 150 hp TSI engine and seven-speed DSG gearbox000227

MADRID, Aug 31 (EUROPA PRESS) – The Spanish car brand Seat has expanded the range of its Ibiza model with the incorporation of a new 1.5-liter, 150-horsepower TSI petrol mechanic in combination with a seven-speed dual-clutch DSG gearbox, according to the company reported in a release. The Spanish firm explained that, with this propeller combined… Continue reading Europa Press: Seat expands the Ibiza range with a 150 hp TSI engine and seven-speed DSG gearbox000227