Category: News Site

France’s PSA to sell stake in smaller Chinese tie-up as sales slide

FILE PHOTO: The logo of PSA Peugeot Citroen is seen at the company’s plant in Poissy, near Paris, October 31, 2019. REUTERS/Charles Platiau PARIS/BEIJING (Reuters) – Peugeot maker PSA Group (PEUP.PA) said it is preparing to sell its 50% stake in an eight-year-old joint venture with Chinese partner Chongqing Changan Automotive (000625.SZ) which has struggled… Continue reading France’s PSA to sell stake in smaller Chinese tie-up as sales slide

Mazda ponders MX-5’s future

Mazda bosses are deliberating on the next generation of its existing sports car, the MX-5, by considering how to improve the popular model while potentially using an electrified powertrain. Given its relatively low volume, the MX-5 might be one of the few cars that could avoid being electrified for its fifth generation but, either way,… Continue reading Mazda ponders MX-5’s future

Extreme Tuners create lightweight 3D printed carbon composite connector rods

Extreme Tuners, a machine shop based in Athens, Greece, has created 3D printed carbon composite connector rods for the Mitsubishi Lancer Evolution car. According to the company, the rods weigh 10 times less than steel and 6.5 times less than aluminum, while withstanding up to 3000 horsepower (HP) and approximately 15,000 RPM. “As nothing [is] available… Continue reading Extreme Tuners create lightweight 3D printed carbon composite connector rods

Tesla releases auto wiper update trained by new deep neural net

Tesla has released a new software update with major improvements to its automatic wiper trained with a new deep neural net previously referred to as ‘Deep Rain’. Like most premium vehicles today, Tesla has an automatic wiper system that automatically matches the speed of the wipers to the intensity of the rain or snow. However,… Continue reading Tesla releases auto wiper update trained by new deep neural net

Stoneacre Doncaster becomes MG Motor’s 100th UK dealership

MG Motor UK has opened its 100th UK dealership in Stoneacre Doncaster. The new premise increases the brand’s footprint in the region and becomes Stoneacre Motor Group’s fourth MG site. Philip Wade, franchise and development director, Stoneacre Motor Group, said: “Stoneacre opened its first MG site in Hyde at the start of the year and… Continue reading Stoneacre Doncaster becomes MG Motor’s 100th UK dealership

PSA will sell its shares in its Chinese joint venture Capsa

Posted Nov 28, 2019 at 9:05 pm The “New strategic approach” PSA for its DS brand will result in the disengagement of its Chinese joint venture Capsa, says Reuters on Thursday. The plan to sell the shares of the manufacturer tricolor (50%) will be presented Friday to the unions, and will be studied later by… Continue reading PSA will sell its shares in its Chinese joint venture Capsa

PSA readying sale of its stake in Chinese tie-up with Changan

FILE PHOTO: The logo of PSA Peugeot Citroen is seen at the company’s plant in Poissy, near Paris, October 31, 2019. REUTERS/Charles Platiau PARIS/BEIJING (Reuters) – Peugeot maker PSA Group (PEUP.PA) is preparing to sell its 50% stake in a joint venture with Chongqing Changan Automotive (000625.SZ), a Chinese partner also exiting the manufacturing tie-up,… Continue reading PSA readying sale of its stake in Chinese tie-up with Changan

Bajaj Auto backs ride-sharing platform Yulu in EV push

MUMBAI (NewsRise) — Bajaj Auto‘s investment in electric cycle-sharing platform Yulu underscores the rush of conventional two-wheeler makers in India to gain a toe-hold in the growing electric-vehicle market. Bajaj has already unveiled its first electric scooter, marking the return of its marquee brand ‘Chetak.’ The Pune, western India-based company, which exited the scooter market… Continue reading Bajaj Auto backs ride-sharing platform Yulu in EV push