Maserati will return to the world of racing with its new supercar, which will be named the MC20. The announcement comes as Fiat Chrysler Automobiles looks to turn around its luxury brand after it lost $219 million last year. The Italy-built MC20 will kick off plans to refresh or renew Maserati’s entire portfolio by 2023. [embedded content] The MC20… Continue reading Maserati to return to racing with new MC20 supercar
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MG opens two dealerships with Howards Motor Group
Howards Motor Group has opened two new MG sites in Taunton and Weston-super-Mare. They are the dealer group’s first two MG franchises. Since the opening of its first garage in 1972, Howards Motor Group has become renowned for providing an excellent service and recording strong customer loyalty. The company now operates 22 dealerships across 13… Continue reading MG opens two dealerships with Howards Motor Group
Malaysian car-sharing app Socar banks $18m in series A money
It’s now looking to expand into new countries, including Indonesia. Go to Source
Rivian loses its first CTO, a veteran Apple exec who helped create the iPhone
Buzzy EV startup Rivian has lost its first chief technology officer just nine months after he started the job. Mike Bell, a longtime Apple executive who helped start the iPhone project, left Rivian this month, the company confirmed to The Verge. Rivian hired Bell in June 2019, as The Verge first reported last year. He… Continue reading Rivian loses its first CTO, a veteran Apple exec who helped create the iPhone
Brazil looks to attract carmaker Tesla to open a plant in the country
SAO PAULO, Feb 20 (Reuters) – The Brazilian government is working to lure Tesla Inc to open a plant in the country, the Brazilian president’s son and lawmaker Eduardo Bolsonaro said on Twitter on Thursday. The lawmaker said there has been a video conference with William Popp, charge d’affaires at the U.S. embassy in Brasilia,… Continue reading Brazil looks to attract carmaker Tesla to open a plant in the country
Car-sharing startup SOCAR raises $18m from Eugene PE, KH Energy
Car-sharing platform SOCAR announced that it has raised $18 million in a Series A funding round from South Korean investors Eugene Private Equity and KH Energy, according to a report by e27. SOCAR is headquartered in South Korea, but currently operates primarily in Malaysia. The company is expected to use the fresh funding to expand… Continue reading Car-sharing startup SOCAR raises $18m from Eugene PE, KH Energy
BMW expects to cut average emissions in Europe by 20% this year
FILE PHOTO: A person wipes a BMW car on display at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019. REUTERS/Lucy Nicholson MUNICH (Reuters) – BMW (BMWG.DE) will continue to grow sales globally while at the same time lowering its European average emissions of carbon dioxide by around 20% this year, Chief… Continue reading BMW expects to cut average emissions in Europe by 20% this year
Volkswagen May Launch Rugged All-Electric Crossover In 2023
Volkswagen is reportedly cooking up yet another small all-electric crossover based on its MEB platform. It’s apparently going to be called VW Ruggdzz when it debuts in concept form, and it will end up spawning a production model with an outdoorsy spirit. According to Autocar, this battery-powered VW high rider will “ Be distinguished from… Continue reading Volkswagen May Launch Rugged All-Electric Crossover In 2023
Digital Motors Receives Funding
Digital Motors, a Irvine, Calif.-based automotive retail and financial technology company, raised an undisclosed amount of funding. Autotech Ventures led the financing round and its managing director Alexei Andreev has joined the company’s Board of Directors. Other investors in Digital Motors include Jaguar Land Rover’s London-based InMotion Ventures, OpenRoad Auto Group, Maryann Keller, and Ryan… Continue reading Digital Motors Receives Funding
Volkswagen CFO will leave in summer next year: Manager Magazin
Frank Witter, CFO of German carmaker Volkswagen addresses the media during the annual news conference at the Volkswagen plant in Wolfsburg, Germany March 12, 2019. REUTERS/Fabian Bimmer BERLIN (Reuters) – Volkswagen (VOWG_p.DE) finance chief Frank Witter will leave the German car group in the summer of 2021, business publication Manager Magazin reported on Thursday. Witter,… Continue reading Volkswagen CFO will leave in summer next year: Manager Magazin