Vantage Motor Group has acquired the Toyota and Lexus businesses of Charles Clark Motors in Wolverhampton for an undisclosed sum. Vantage, rated 59 in the Motor Trader Top 200 with annual revenues of £262m, already has Toyota centres close by in Tamworth, Solihull and Birmingham where it also has a Lexus dealership. Vantage, which is… Continue reading Vantage buys Toyota dealerships from Charles Clark Motors
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Geely plans to manufacture flying cars
A flying car named the TF-X lands at Lawrence Municipal Airport, Massachusetts. [Photo/China Daily] For Zhejiang Geely Holding Group, even the sky is no limit to its ambition, literally. The Chinese carmaker, which made headlines last week by becoming the largest shareholder in Mercedes-Benz owner Daimler, is to produce flying cars in China. A Geely… Continue reading Geely plans to manufacture flying cars
Chinese car trading platform Chehaoduo raises $818m in Tencent-led funding
March 2, 2018 Beijing-based online car trading platform Chehaoduo has raised $818 million in a Tencent Holdings-led Series C funding round, less than five months after it reached the unicorn status in late October. According to a China Money Network report, the Series C round of financing was also joined by a number of new… Continue reading Chinese car trading platform Chehaoduo raises $818m in Tencent-led funding
Toyota to form $2.8 bln venture with group cos for self-driving R&D
TOKYO (Reuters) – Toyota Motor Corp and group suppliers Denso Corp and Aisin Seiki Co said on Friday they would form a joint venture for researching and developing automated-driving technology, investing more than 300 billion yen ($2.8 billion). FILE PHOTO: A Toyota Motor Corp. logo is seen on a car at the International Auto Show… Continue reading Toyota to form $2.8 bln venture with group cos for self-driving R&D
Huawei automates Porsche Panamera
On the occasion of the mobile radio fair in Barcelona, Huawei automated a Porsche with simple means. The model Panamera of the sports car manufacturer Porsche Has Huawei taken because he has no self-propelled technology and presented it to some media representatives. Huawei modified Porsche to the mobile radio fair. Source: CNET The modification of… Continue reading Huawei automates Porsche Panamera
Powerful cash injection for US high-carat startup: VW’s self-driving partner Aurora sank 90 million
All articles and backgrounds 03/02/2018 Powerful cash injection for US high-car startup VW’s self-driving partner Aurora sank $ 90 million DPA Aurora co-founder Chris Urmson receives $ 90 million from investors for his robotic car startup Just a year old and already a heavyweight in the field of autonomous driving: This lightning start has the… Continue reading Powerful cash injection for US high-carat startup: VW’s self-driving partner Aurora sank 90 million
Jaguar reveals first all-electric SUV
Jaguar has revealed the production version of its first all-electric SUV as luxury carmakers race to go green. The I-Pace can reach 60mph in 4.5 seconds and has a range of almost 300 miles on a fully charged battery. The vehicle is set to reach showrooms by July, potentially beating rival Audi’s all-electric e-tron that… Continue reading Jaguar reveals first all-electric SUV
Dyson creates 300 new electric car jobs
Dyson is seeking an extra 300 engineers in a push to build its first electric car by 2020. Best known for its vacuum cleaners and hand dryers, the firm caused a stir when it announced plans for a battery powered vehicle. Dyson already has a 400-strong team working on the project and has doubled the… Continue reading Dyson creates 300 new electric car jobs
February 2018 U.S. LV Sales Thread: Industry Hit 17.0 Million SAAR
FEBRUARY 2018 US LV SALES FORECAST v REPORTED UNITS WardsAuto Forecast LV Sales 1.30 million February Actual LV Sales 1.29 million WardsAuto Forecast LV SAAR 17.0 million February Actual LV SAAR 17.0 million WardsAuto tracks light-vehicle (LV) deliveries throughout sales reporting day. Monthly year-over-year change represents the … Premium Content (PAID Subscription Required) “February 2018 U.S. LV… Continue reading February 2018 U.S. LV Sales Thread: Industry Hit 17.0 Million SAAR
How Geely’s Li Shufu spent months stealthily building a $9 billion stake in Daimler
SHANGHAI/BEIJING (Reuters) – When Daimler announced that Li Shufu had acquired almost 10 percent of the automaker last Friday, it caught financial markets – and German regulators – by surprise. Although the move seemed sudden, the head of the Chinese carmaker Geely had, according to multiple sources and documents reviewed by Reuters, spent months stealthily… Continue reading How Geely’s Li Shufu spent months stealthily building a $9 billion stake in Daimler