FRANKFURT (Reuters) – Daimler (DAIGn.DE) on Thursday flagged signs of recovering demand for top-end Mercedes-Benz models and electric vehicles, sending its shares higher. FILE PHOTO: Mercedes logo is seen as Ola Kaellenius, CEO of German luxury car manufacturer Daimler AG, speaks at the annual results news conference in Stuttgart, Germany, February 11, 2020. REUTERS/Andreas Gebert… Continue reading Daimler flags recovery signs, sees Mercedes-Benz EBIT rising this year
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Vitesco Technologies and Padmini VNA to jointly offer BS VI powertrain tech
Vitesco Technologies and Padmini VNA Mechatronics, two leading automotive suppliers for future- oriented drives, have today signed a joint venture partnership. The new company, called PV Clean Mobility Technologies, will offer selected powertrain technologies that meet Bharat Stage VI emission standards in the Indian market. The aim is to create a strong local supplier for the… Continue reading Vitesco Technologies and Padmini VNA to jointly offer BS VI powertrain tech
Toyota to invest and partner with BluE Nexus to drive EV sales
Japanese carmaker Toyota Motor Corp has collaborated with BluE Nexus to prepare for the accelerated adoption of electrified vehicles. As per the understanding the companies will work together to increase their competitiveness in products related to electrification as well as to fortify their sales structure, including their technical support and services, among others, rendered to… Continue reading Toyota to invest and partner with BluE Nexus to drive EV sales
Royal Enfield claims Interceptor 650 and Himalayan are best-sellers in the UK
Royal Enfield’s Interceptor 650 and the Himalayan adventure bike have achieved new records in the UK. While the Interceptor has been the highest-selling naked style motorcycle in that market for the last 12 months (from June 2019 – June 2020) in the middleweight (250cc-750cc) segment between June 2019 and June 2020, the Himalayan is placed fourth.… Continue reading Royal Enfield claims Interceptor 650 and Himalayan are best-sellers in the UK
Volkswagen Group losses mount in pandemic-impacted first half 2020
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@niche: Genovation Cars Announces Partnership with the College for Creative Studies
Genovation Cars Announces Partnership with the College for Creative Studies 30 Jun ’20 Genovation Cars Inc., announces a competition for the College for Creative Studies (CCS) Transportation Design students to reimagine a new exterior for the GXE all-electric supercar, currently holding the world speed record of 211.8mph which was witnessed and certified by the International… Continue reading @niche: Genovation Cars Announces Partnership with the College for Creative Studies
Surprise! 2020 Is Not the Year for Self-Driving Cars
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Chairman of China’s automaker BAIC to retire -sources
SHANGHAI, July 31 (Reuters) – The chairman of China’s state-owned automaker BAIC Group, which has partnerships with German luxury automaker Daimler AG and Korean Hyundai Motor Co, is set to retire, two people familiar with the matter said. Xu Heyi, 62, took office in 2007. During the chairmanship of BAIC Group, he developed electric vehicle… Continue reading Chairman of China’s automaker BAIC to retire -sources
Amazon gets FCC approval for its Project Kuiper broadband satellites
Sponsored Links MANDEL NGAN via Getty Images The FCC has unanimously approved Amazon’s Project Kuiper, giving the tech giant the go-ahead to deploy and operate a constellation of 3,236 satellites. Amazon asked the FCC for permission to launch thousands of Low Earth Orbit satellites in July 2019, just a few months months after announcing the… Continue reading Amazon gets FCC approval for its Project Kuiper broadband satellites
Mazda braces for record annual operating loss as car sales slump
FILE PHOTO: The logo of Mazda Motor Corp. is displayed at the company’s news conference venue in Tokyo, Japan May 11, 2018. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Mazda Motor Corp (7261.T) forecast a record annual operating loss on Friday as the Japanese automaker continues to be pummelled by falling vehicle sales due to the COVID-19… Continue reading Mazda braces for record annual operating loss as car sales slump