Category: News Site

Ineos 4×4 vehicle plant ‘suspended’ in Wales

Plans to build a new 4×4 vehicle plant in Wales have been put on hold by the firm Ineos. The company said it follows talks with Mercedes-Benz over the acquiring of their Hambach site in Moselle, France. The Wales plant would have been built next to the current Ford engine plant at Bridgend, which is… Continue reading Ineos 4×4 vehicle plant ‘suspended’ in Wales

BMW Group Plug-In Car Sales: Down In Q2, But Up In H1 2020

BMW Group has noted a significant 25.3% year-over-year decrease in vehicle sales in the second quarter of 2020 (23.2% in the case of BMW brand and 38.2% in the case of MINI brand), although plug-in car sales were not affected that much. The total plug-in car sales (globally) amounted to 31,095, which is 4.9% less than… Continue reading BMW Group Plug-In Car Sales: Down In Q2, But Up In H1 2020

Indian automakers cut investments in loss-making EV subsidiaries

The ongoing industry crisis arising out of the Covid-19-driven lockdowns, other strategic and geo-political factors are compelling some leading Indian automotive companies to write off investments in their ailing foreign subsidiaries, particularly in the electric vehicle (EV) space.  Bharat Forge plugs out of Tevva Motors, re-aligns TorkPune-based Bharat Forge is the latest automotive company to… Continue reading Indian automakers cut investments in loss-making EV subsidiaries

How much will the Ineos Grenadier cost? – Coventry Telegraph

How much will the Ineos Grenadier cost?  Coventry Telegraph An up and coming British automaker’s attempt at an old-school off-road SUV inspired by the old Defender  Top Speed Grenadier resembles Land Rover 110  Automotive News Europe Ineos Grenadier SUV revealed  Autocar India Ineos Grenadier Archives  The Truth About Cars View Full coverage on Google News Go to Source

Balance sheet check: Daimler’s structural weaknesses take revenge in the corona crisis

Daimler headquarters in Stuttgart The brand’s wholesale sales slumped by more than a fifth in the first five months of 2020. (Photo: Imago) Munich Daimler is not that Lufthansa. Neither does the carmaker foreseeably fly out of the Leading index Dax, As a result of the corona pandemic, the Swabians still urgently need help from… Continue reading Balance sheet check: Daimler’s structural weaknesses take revenge in the corona crisis

Ola partners PhonePe for digital payment solutions

Shared mobility service provider Ola has entered into a strategic partnership with PhonePe, a digital payment platform. With this integration, Ola users can will get seamless payment experience on the mobile app. Ola says this move is part of its commitment to continuously introduce convenient, reliable and innovative solutions to ease the mobility experience, while… Continue reading Ola partners PhonePe for digital payment solutions

@niche: The Arrival Bus — Changing public transport for everyone

The Arrival Bus — Changing public transport for everyone by Alex Jarvis A bus for everyone We’ve made a bus. While our towns, cities, villages and the ways we move around them have changed drastically over the last few years, bus travel has stayed more or less the same for many decades. It’s often seen as a necessity rather than a… Continue reading @niche: The Arrival Bus — Changing public transport for everyone

@niche: Workhorse Secures $70 Million Financing from Institutional Investor

CINCINNATI, June 30, 2020 /PRNewswire/ — Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse”), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, has entered into a financing agreement for a $70 million Senior Secured Convertible Note (the “Note”) with a single institutional investor. The proceeds will be… Continue reading @niche: Workhorse Secures $70 Million Financing from Institutional Investor