Category: News Site

A Chinese Tesla competitor skyrockets nearly 350% in just 2 days after announcing it will launch vehicles in the US next month (KNDI)

Visual China Group/ Getty Images/ Shares of Kandi Technologies have surged as much as 350% from Tuesday’s close, fueled by the electric-vehicle maker’s announcement that it will launch two of its cars in the US next month.   Kandi Technologies is a Chinese electric-vehicle maker that competes with the likes of Tesla and Nio. On Tuesday, Kandi… Continue reading A Chinese Tesla competitor skyrockets nearly 350% in just 2 days after announcing it will launch vehicles in the US next month (KNDI)

UK car production slumps to lowest level since 1954

The number of cars built in the UK over the past six months has slumped to the lowest since 1954, according to the industry’s trade body. A total of 381,357 cars were made the six months to June, down 42% on the period last year, said the Society of Motor Manufacturers and Traders (SMMT). The… Continue reading UK car production slumps to lowest level since 1954

Car dealer Pendragon to close 15 branches and cut 1,800 jobs

Car dealer Pendragon has said it will cut 1,800 jobs and shut 15 of its dealerships. The firm, based in Annesley, Nottinghamshire, runs the Evans Halshaw and Stratstone brands. It said a review had begun before coronavirus but the pandemic had made the trading situation more difficult. About 400 of the jobs will be from… Continue reading Car dealer Pendragon to close 15 branches and cut 1,800 jobs

Citroen e-Dispatch Arrives In UK Priced From £25k+VAT

Citroen’s new, all-electric e-Dispatch van is now available to order in the UK, with prices starting at £25,053+VAT once the Plug-In Van Grant is applied. The first vehicles are due to arrive in dealerships later this year, with customers getting a choice of three trim levels, three lengths and two different batteries. The basic asking… Continue reading Citroen e-Dispatch Arrives In UK Priced From £25k+VAT

Panasonic Was Hit Hard In Q2 2020 Due To COVID-19

Panasonic‘s report for the second quarter of 2020 is pretty weak as most of its business was hit hard by the COVID-19 lockdown. There are losses for the quarter and the full-year forecast says that net profits will be halved compared to 2019. Let’s take a look at the general results. Panasonic was hit hard… Continue reading Panasonic Was Hit Hard In Q2 2020 Due To COVID-19

Delhi government to rollback VAT hike on diesel

This move was a long time coming. Earlier this year on May 5, the Delhi state government had decided to increase the Value Added Tax (VAT) on the retail of petrol and diesel in the national capital, in order to compensate for the loss of revenue during the nation-wide lock-down. As a result, while the… Continue reading Delhi government to rollback VAT hike on diesel

This Absurdly Rare 1,250 HP Electric Hypercar Was Spotted Tooling Around An LA Neighborhood Like NBD – Gizmodo Australia

As we’ve mentioned before, Los Angeles is a maddeningly good city for cars. When I lived there I routinely would spot such unicorns as Lancias and Tatras and Volgas and Jensens and Citroëns and Innocentis and at least one Dual Ghia, and on and on. But I never saw a RAESR Tachyon Speed. A reader… Continue reading This Absurdly Rare 1,250 HP Electric Hypercar Was Spotted Tooling Around An LA Neighborhood Like NBD – Gizmodo Australia

Cloudbooking Secures Undisclosed Funding

Cloud Booking Limited, a London, UK-based workplace management software platform, raised an undisclosed amount. Caple made the investment. The company intends to use the funds to scale its platform. Led by Gerry Brennan, CEO, and founder, Cloudbooking provides a software-as-a-service workplace management software platform, enabling integration with core services such as M365, Microsoft Teams, GSuite… Continue reading Cloudbooking Secures Undisclosed Funding