The Vauxhall Insignia Grand Sport hatch and Sports Tourer estate are both now available with a turbocharged 1.6-litre petrol engine. The new unit is on sale now, priced from £25,610. With 197bhp and 280Nm of torque, the new four-cylinder motor joins an extensive range of petrol and diesel engines. It sits above the entry-level 1.5… Continue reading Vauxhall Insignia range boosted with new petrol engine
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Earnings boosted: “It’s hard to believe” – VW return on Toyota level
All articles and backgrounds 08/03/2018 Earnings boosted “It’s hard to believe” – VW returns close to Toyota DPA Volkswagen headquarters in Wolfsburg Toyota In terms of earning power, it ties in with earlier heydays. The Japanese group increased its operating profit in its first quarter by just under one-fifth to the equivalent of around 5.3… Continue reading Earnings boosted: “It’s hard to believe” – VW return on Toyota level
Tesla Model S and X reportedly to get minimalist Model 3 interior
Apparently the problem with the Tesla Model S and Model X was that they’re too normal. They have a separate instrument cluster—a digital one—behind the steering wheel and a few solid controls. Tesla must think that’s too much. The company is designing a new interior for them that looks a lot like the one in… Continue reading Tesla Model S and X reportedly to get minimalist Model 3 interior
Volkswagen: former VW boss Winterkorn was allegedly already inaugurated in 2007 in exhaust gas manipulation
Martin Winterkorn According to a media report, the former VW boss in the investigation file is more heavily loaded. (Photo: AP) WolfsburgThe former VW-Boss Martin Winterkorn could already have been informed in 2007 about the exhaust gas manipulation in the group. This is reported by the magazine “Der Spiegel” on Friday citing witness testimony in… Continue reading Volkswagen: former VW boss Winterkorn was allegedly already inaugurated in 2007 in exhaust gas manipulation
Nissan finally sells its battery cell manufacturing division
Nissan wants to ramp up its electrification effort, but it doesn’t want to make its own batteries anymore. It had a lot of difficulties getting rid of its battery manufacturing subsidiary, but they have now finally found a buyer. For over two years now, the Japanese automaker has been rumored to be looking for a… Continue reading Nissan finally sells its battery cell manufacturing division
China’s DiDi, Ant Financial said to consider joint $2b Ofo buyout
August 3, 2018 Chinese ride-hailing giant Didi Chuxing and Alibaba’s Ant Financial are in talks with bike-sharing startup Ofo for a joint buyout offer that could value Ofo at up to $2 billion, according to a source with direct knowledge of the discussions. A deal would mark the latest stage of consolidation in China’s once-booming bike-sharing industry, where… Continue reading China’s DiDi, Ant Financial said to consider joint $2b Ofo buyout
Tesla had its best day in over 4 years after promises of a profitable second half
Shares of Tesla closed more than 16 percent up Thursday, a day after CEO Elon Musk and the automaker promised a profitable second half of 2018 during its second-quarter earnings report.
Fiat-Chrysler shares jump nearly 4% as Magneti Marelli spinoff appears more likely
Fiat-Chrysler Automobiles has rebuffed buyers interested in its automotive parts unit Magneti Marelli and is holding fast to its plan to spin off the business, reported Bloomberg Thursday, citing sources.
Tesla shorts lose more than $1 billion on post-earnings surge
Investors betting against Tesla lost more than $1 billion Thursday as the company’s shares rallied the most in over two years, according to estimates from financial technology firm S3 Partners.
Elon Musk’s apology ‘sounded like someone was ripping his spleen out,’ NYU’s Scott Galloway says
Tesla CEO Elon Musk may have apologized to his stakeholders on this week’s earnings call for his erratic behavior three months ago, but New York University professor Scott Galloway wasn’t impressed.