Category: News Site

JCT600 to open its highest value dealership with Ferrari in Leeds

JCT600 is set to build a standalone, two-storey retail centre for Ferrari in Leeds. The new £9m showroom will be only the third in the UK to sport Ferrari’s latest corporate identity. It is the highest value project ever to be undertaken by the Yorkshire-based automotive retailer. Work is due to start on the development… Continue reading JCT600 to open its highest value dealership with Ferrari in Leeds

New Renault CEO de Meo will be much better paid than predecessor

FILE PHOTO: SEAT President and CEO Luca de Meo attends the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy/File Photo PARIS (Reuters) – French carmaker Renault (RENA.PA) will grant its new chief executive, Luca de Meo, a pay package of around 5.8 million euros ($6.33 million), which is an increase… Continue reading New Renault CEO de Meo will be much better paid than predecessor

Nikola Reveals Badger Electric Pickup Truck With 600-Mile Range

NIKOLA UNVEILS THE BADGER – THE WORLD’S MOST ADVANCED ZERO-EMISSION FCEV / BEV PICKUP TRUCK WITH AN ESTIMATED 600 MILE RANGE Will be available in FCEV (Fuel-Cell Electric) or BEV (Battery-Electric)Manufacturing through an OEM partnership; to be announced soonElectric 0-60 mph in approximately 2.9 secondsTruck can operate on FCEV / battery-blend or BEV mode at… Continue reading Nikola Reveals Badger Electric Pickup Truck With 600-Mile Range

Exor expects $13 bln for careful acquisitions after PartnerRe sale

* Potential sale sends shares to all-time high * Source says would take time to pick suitable assets By Giulio Piovaccari MILAN, Feb 10 (Reuters) – Investment group Exor will have around $13 billion in cash provided it closes a deal to sell its reinsurance unit PartnerRe and it would spend most of that on… Continue reading Exor expects $13 bln for careful acquisitions after PartnerRe sale

EV Motors India appoints Arvind Gujral as CEO

Gujral will strategically support the setting up of EV charging franchise network across India. New Delhi: EV Motors India today announced the appointment of Arvind Gujral as Chief Executive Officer – EV Charging Infrastructure, as per the company. According to EV Motors India, Gujral will strategically support the setting up of EV charging franchise network… Continue reading EV Motors India appoints Arvind Gujral as CEO

Mahindra to expand engine capacity in Ford plant

Pawan Goenka, Managing Director, M&M NEW DELHI: Mahindra & Mahindra will leverage Ford India’s manufacturing unit in Chennai to expand engine capacity for its vehicles, strengthening its alliance further with the American carmaker, M&M managing director Pawan Goenka said on Thursday. “So, the next expansion will happen in the Ford plant and by doing so… Continue reading Mahindra to expand engine capacity in Ford plant

In 2019 Mitsubishi Sold In Europe Almost 35,000 Outlander PHEV

Mitsubishi improved its position in Europe in 2019, by increasing sales by around 4% year-over-year to 171,906. A big part of that was due to the ongoing success of the Mitsubishi Outlander PHEV. The Japanese plug-in hybrid, with 34,729 sales (up 42% year-over-year), once again was the most popular PHEV model (third overall, behind the… Continue reading In 2019 Mitsubishi Sold In Europe Almost 35,000 Outlander PHEV

Motherson Sumi Systems re-organises business to enhance focus on domestic wiring harness business

Motherson Sumi Systems announced on January 30 that it has sought in-principle approval from its board of directors to demerge the domestic wiring harness business into a separate legal entity. This is mainly because MSSL’s joint venture partner, Sumitomo Wiring Systems (SWS), Japan, wants to focus on the domestic wiring harness business. All other remaining… Continue reading Motherson Sumi Systems re-organises business to enhance focus on domestic wiring harness business

Gordon Murray Design leads UK consortium to produce new autonomous vehicle platform

Gordon Murray Design and its consortium partners Delta Motorsport and itMoves are set to unveil ‘MOTIV’’, a unique and extremely versatile autonomous vehicle platform at the MOVE 2020 show in London later this month (February 11-12). Part-funded through the UK-government’s ‘IDP14’ programme, the new platform breaks the mould for future mobility development by creating a cost-effective,… Continue reading Gordon Murray Design leads UK consortium to produce new autonomous vehicle platform