Category: News Site

ASE warns dealers to get numbers right on furlough claims

Dealer profitability specialist ASE has warned dealers to ensure they have the right paperwork in place claiming for staff on furlough. Chairman Mike Jones told Motor Trader that the government had done a good job in getting money to dealer groups but dealers needed to get their claims right to avoid penalties. “That’s something that… Continue reading ASE warns dealers to get numbers right on furlough claims

Marine Corps Bans Service Members From Mining Bitcoin on Military Devices

Crypto Ban According to a Tuesday U.S. Marine Corps memo, service members are now banned from mining cryptocurrency on any government-issued phones or devices. It’s an unusual announcement, and like mattress warning labels or “do not shake the vending machine” signs, probably something that no one thought to ban until it actually became a problem.… Continue reading Marine Corps Bans Service Members From Mining Bitcoin on Military Devices

Engineers Built “Giant Atoms” That Enhance Quantum Computers

Big Chonker Scientists found a new way to improve the fragile and error-prone qubits that make up a quantum computing circuit — and it’s strange. Qubits tend to make errors and can rapidly decay as they transmit information. So a team of MIT engineers built artificial, superconducting “giant atoms” by coupling together multiple cubits-worth of regular… Continue reading Engineers Built “Giant Atoms” That Enhance Quantum Computers

First European Polestar 2 Customer Car Delivered In Sweden

Polestar today confirmed delivery of the first European customer Polestar 2 car – at its global headquarters in Gothenburg, Sweden. The first batch of P2 arrived in Europe in June, and soon deliveries will follow in other markets – Norway, then Germany, Belgium, the Netherlands and the UK, and finally Switzerland and North America. Deliveries are also… Continue reading First European Polestar 2 Customer Car Delivered In Sweden

Tesla Model X Towing & V3 Supercharging: Live Stream Questions Answered

While we are all about praising folks for their outstanding YouTube video production, eye candy, seamless editing, and well-planned scripts, sometimes a good raw live stream is more educational. Sure, there may be lower quality, some blips here and there, unplanned or unrehearsed footage, etc., but you still often get a solid idea of the… Continue reading Tesla Model X Towing & V3 Supercharging: Live Stream Questions Answered

PSA Group reveals plan for new electric platform for larger vehicles

The new eVMP platform will serve as the basis for a wide range of electric vehicles for the C- and D- segments. The PSA Group has revealed plans for a new electrified eVMP platform that will underpin its larger vehicles from 2020 onwards as it moves towards a fully electrified line-up. The French giant, whose… Continue reading PSA Group reveals plan for new electric platform for larger vehicles

Maruti Suzuki reports first-ever quarterly loss on Indian lockdown

TOKYO — India’s leading automaker Maruti Suzuki on Wednesday posted a 2.67 billion rupee ($35.7 million) net loss for the quarter ended in June, its first red ink since going public in 2003. The dubious milestone owes entirely to the novel coronavirus, which forced India to impose a two-month lockdown this spring. Quarterly sales plunged 72% on… Continue reading Maruti Suzuki reports first-ever quarterly loss on Indian lockdown

Coronavirus closures send GM to $800m second-quarter loss

General Motors US car giant had to close plants between March and May Company says sales picking up and signs are encouraging The Flint plant in Michigan, which produces Chevrolet and GMC Sierra trucks. The company made $2.38bn in the same quarter a year ago. Photograph: Jeff Kowalsky/AFP via Getty Images General Motors lost $806m… Continue reading Coronavirus closures send GM to $800m second-quarter loss

Aston Martin’s losses soar to £227m in first half of 2020

Aston Martin Luxury car brand’s sales down 41% after coronavirus pandemic shuts dealerships The new Aston Martin DBX on display at the Bangkok international motor show. Heavy spending on a factory for the DBX followed by the Covid-19 crisis has pushed the firm close to bankruptcy. Photograph: Jorge Silva/Reuters Aston Martin Lagonda’s losses surged to… Continue reading Aston Martin’s losses soar to £227m in first half of 2020