NEW DELHI: Hyundai Motor on Monday unveiled the first look of the upcoming sedan Hyundai Aura. The design of the compact sedan projects a sportier, futuristic and progressive image. Hyundai will take the wraps off Aura on December 19. Defined by the harmony between four the fundamental elements of proportion, architecture, styling and technology, the… Continue reading Hyundai Aura design revealed: Sensuous, sporty and sleek
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Volvo Cars refinances $500 million worth of preference shares with Swedish investors
FILE PHOTO: A Volvo S60 is displayed during the inauguration of Volvo Cars first U.S. production plant in Ridgeville, South Carolina, U.S., June 20, 2018. REUTERS/Randall Hill/File Photo STOCKHOLM (Reuters) – Chinese-owned Volvo Cars said on Monday it had sold 5 billion Swedish crowns ($519 million) of convertible preference shares to a group of Swedish… Continue reading Volvo Cars refinances $500 million worth of preference shares with Swedish investors
Gojek closes in on deal to acquire 5% stake in Indonesian taxi operator Blue Bird
Gojek, the Indonesian all-purpose supper app provider, is nearing an agreement to buy 5% of top local taxi operator PT Blue Bird, according to people familiar with the matter. Gojek would pay about $30 million, the people said, asking not to be named discussing a private matter. That implies a price of more than 20%… Continue reading Gojek closes in on deal to acquire 5% stake in Indonesian taxi operator Blue Bird
New Lotus Evija: full details, pricing and specs
The Lotus Evija has entered the next stage of its development programme, with these latest images showing a prototype undergoing chassis development at Hethel Test Track in Norfolk. It’s the British brand’s first new car in a decade and, when it enters series production next year, Lotus says it’ll be the world’s most powerful road… Continue reading New Lotus Evija: full details, pricing and specs
Scout24 set to sell AutoScout24 unit to Hellman & Friedman – source
MUNICH, Dec 16 (Reuters) – German classifieds group Scout24 is set to sell its cars division AutoScout24 to private equity investor Hellman & Friedman, a source familiar with the plan told Reuters on Monday. Scout24, which reluctantly initiated the sale process under pressure from activist investor Elliott, in October selected three private equity firms –… Continue reading Scout24 set to sell AutoScout24 unit to Hellman & Friedman – source
After 50 Years, This Would-Be ‘Ferrari Killer’ Is Back: Say Hello to the New ATS GT – Robb Report
True connoisseurs of automobiles take years or even decades to acquire their level of discernment, appreciate proper historical content and context, and use these factors as guides for what to purchase. Then they often keep their cars for a good portion of their lives. Their knowledge of a particular marque’s story, its place in the… Continue reading After 50 Years, This Would-Be ‘Ferrari Killer’ Is Back: Say Hello to the New ATS GT – Robb Report
213 million euros to revive PSA Mulhouse in Sausheim
PSA detailed its recovery plan for the Sausheim plant, near Mulhouse (Haut-Rhin), at a CSE meeting on December 12. 213 million euros will be invested from 2020 to 2022 to enable the production of a new vehicle and make the site a benchmark in hybrid technologies. The PSA Mulhouse factory in Sausheim (Haut-Rhin) sees more… Continue reading 213 million euros to revive PSA Mulhouse in Sausheim
OCTO acquires Nebula Systems, reinforces its leadership in intelligent vehicle diagnostics
OCTO Telematics, a provider in transforming an IoT Big Data set into actionable intelligence, has acquired the entire share capital of Nebula Systems Ltd. Nebula specializes in the development of advanced cloud technologies for the automotive and connected car industries. This means that its proprietary technologies are now available to make vehicle systems and data… Continue reading OCTO acquires Nebula Systems, reinforces its leadership in intelligent vehicle diagnostics
Toyota plots new Aygo to capitalise on city car demise
Harrison’s comments are an anomaly among mainstream car manufacturers, whose own A-segment city cars have been put under increasing pressure by a number of factors – notably, extremely tight margins and the need to introduce electrification, in an unprofitable way, to ensure the models aren’t problematic in the upcoming fleet average CO2 regulations for 2021.… Continue reading Toyota plots new Aygo to capitalise on city car demise
Sono Motors Introduces Community Profit Sharing
Founders transfer profit shares to existing supporters and future reservation holders. Munich, December 16, 2019 – The german mobility provider Sono Motors today announced that the German Federal Financial Supervisory Authority (BaFin) has positively completed its review of the company’s Community Participation Program. As a result, in addition to the existing reservation holders of a Sion,… Continue reading Sono Motors Introduces Community Profit Sharing