Category: News Site

Toyota posts net profit of $1.5bn for April-June despite COVID

TOKYO — Toyota Motor posted a net profit of 158 billion yen ($1.5 billion) for the three months ended in June, the automaker said Thursday. That was down 74% from the previous year, but the Japanese automaker stayed in the black even as its peers had loss-making quarters due to the COVID-19 pandemic. Revenue at Toyota for April… Continue reading Toyota posts net profit of $1.5bn for April-June despite COVID

Kia boosts supply of e-Niro and Soul EV to meet demand

Kia has boosted the UK supply of its popular e-Niro and Soul EV electric crossovers to meet “intense demand” and reduce waiting times.  The Korean brand yesterday announced that last month was its best July on record in terms of UK sales, having shifted 28% more units than in the same period last year.  The… Continue reading Kia boosts supply of e-Niro and Soul EV to meet demand

German Handelsblatt: Used car check: Reliable legacy of the rust arbor – the Mercedes E-Class in the used car check000047

Back on track The Mercedes E-Class (W 212) is more reliable again. When the Mercedes E-Class (W 212, 2009 to 2016) made its debut, it took on a difficult legacy. The direct predecessor (W 211, 2002 to 2009) and especially the predecessor (W 210, 1995 to 2002) were not necessarily a glory for Swabian reliability… Continue reading German Handelsblatt: Used car check: Reliable legacy of the rust arbor – the Mercedes E-Class in the used car check000047

Watch How Bollinger Hand-Built Its Working Electric Truck Prototypes – The Drive

A rare peek into how hard work can turn an idea into reality. Bollinger Motors, the Michigan-based electric SUV and pickup startup is planning to deliver its first B1 and B2 trucks in 2021. Its first B1 SUV prototype debuted exactly three years ago at the Classic Car Club of Manhattan, and now, Bollinger’s team… Continue reading Watch How Bollinger Hand-Built Its Working Electric Truck Prototypes – The Drive

Tesla launches its own car wrap service

Tesla has launched its own car wrap service through delivery centers starting with 5 cities in China. Could it be introduced in other markets? Over the last few years, Tesla has reduced the number of color options on its vehicles in order to streamline production and facilitate repairs at service centers. It resulted in many… Continue reading Tesla launches its own car wrap service

Ride-hailer TADA parent MVL bags $5m led by S Korean auto parts maker

Mass Vehicle Ledger (MVL), the company behind blockchain-based ride-hailing service TADA, on Thursday announced that it has raised $5 million in a recent funding round led by Central, a South Korean auto parts manufacturer. With this additional financing, MVL aims to accelerate its plan to supply electric vehicles in Southeast Asia, setting its sights to… Continue reading Ride-hailer TADA parent MVL bags $5m led by S Korean auto parts maker

PSA’s car sharing service can now seek new investors, CEO says

PARIS (Reuters) – Free2Move, the car rental and car-sharing business developed by French automaker PSA Group (PEUP.PA), now has the capacity to start to court new outside investors, its chief executive Brigitte Courtehoux said. FILE PHOTO: Free2Move Paris electric vehicles by Groupe PSA are displayed outside Paris city hall as the French car maker launches… Continue reading PSA’s car sharing service can now seek new investors, CEO says

@niche: Workhorse Group (WKHS) Stock Sinks As Market Gains: What You Should Know

Workhorse Group (WKHS) closed at $16.93 in the latest trading session, marking a -1.43% move from the prior day. This change lagged the S&P 500’s 0.64% gain on the day. At the same time, the Dow added 1.39%, and the tech-heavy Nasdaq gained 0.52%. Investors will be hoping for strength from WKHS as it approaches… Continue reading @niche: Workhorse Group (WKHS) Stock Sinks As Market Gains: What You Should Know

Uber picks up Autocab to push into places its own app doesn’t go

Uber has bought UK based Autocab, which sells SaaS to the taxi and private hire vehicle industry, with the aim of expanding the utility of its own platform by linking users who open its app in places where it doesn’t offer trips to local providers who do. No acquisition price has been disclosed and Uber… Continue reading Uber picks up Autocab to push into places its own app doesn’t go