Category: News Site

Lotus considering GT, saloon, crossover and SUV projects

Lotus could build GTs, sports saloons, crossovers or SUVs in future, according to new boss Phil Popham – but only after it has re-established its credentials as a sports car firm. Earlier this year, Lotus revealed plans for an electric hypercar, codenamed Type 130, as well as indicating it was preparing to launch a new… Continue reading Lotus considering GT, saloon, crossover and SUV projects

Volkswagen ID 3: pre-orders for electric hatch reach 15,000

Volkswagen sales boss Jürgen Stackmann said that the start of ID pre-booking ushered in “the third major chapter of strategic importance in the history of our brand, following the Beetle and the Golf”. He added: “With the ID 3, we are making the electric car fit for mass mobility.” Stackmann said that the ID 3 represented… Continue reading Volkswagen ID 3: pre-orders for electric hatch reach 15,000

Chinese EV start-up boss: new premium firms won’t survive

The boss of new Chinese EV firm WM Motor believes the challenge of establishing a brand means that premium start-up firms will struggle to survive – which is why his firm will focus on the mainstream market. Originally known as Weltmeister, WM Motor was founded in 2015 and last year launched the electric EX5 SUV… Continue reading Chinese EV start-up boss: new premium firms won’t survive

Aston Martin details James Bond-inspired DB5 continuation

When Aston Martin announced that it was planning to create 25 ‘continuation’ replicas of the DB5 used in the James Bond film Goldfinger, the big question was how it would deliver on the original car’s huge tally of gadgets. Now the firm’s Works Division has shown us several of the gadgets under development in the… Continue reading Aston Martin details James Bond-inspired DB5 continuation

Opel calls petrol back because of possible nitric oxide problems

Opel reports compliance with emissions limits and recalls 210,000 cars. Above all, a current mass model is affected. Current model of the Opel Corsa Monday, 13.05.2019 18:27 clock The carmaker Opel has around 210,000 throughout Europe small car with petrol and LPG engines because of possible nitric oxide problems in the workshops called. Affected are… Continue reading Opel calls petrol back because of possible nitric oxide problems

EV startup Rimac scores $90M investment from Hyundai and Kia

Rimac Automobili, the European EV startup that landed an investment from Porsche last year, has again gained the backing of traditional automakers after Hyundai Motor Company and Kia Motors jointly invested €80 million, or around $90 million. Beyond the significant cash infusion, the three parties said the deal includes “a strategic partnership to collaborate on… Continue reading EV startup Rimac scores $90M investment from Hyundai and Kia

India’s largest mobile wallet company Paytm now offers a credit card

Paytm, India’s largest mobile wallet app, has branched out to several businesses in recent years as threat from Google and Facebook grows. On Tuesday, it added another category to the list: credit cards. The firm, operated by One97 Communications, today unveiled Paytm First Credit Card with lofty benefits as it races to bulk up its… Continue reading India’s largest mobile wallet company Paytm now offers a credit card

VOI makes European push in crowded electric scooter-sharing market

FILE PHOTO: A man rides an electric scooter in Madrid, Spain, December 4, 2018. REUTERS/Susana Vera/File Photo STOCKHOLM (Reuters) – Sweden’s VOI Technology plans to put a new fleet of thousands of electric scooters on European streets this summer to fend off competition in an increasingly crowded market. U.S. tech giants Uber and Alphabet are… Continue reading VOI makes European push in crowded electric scooter-sharing market

Uber’s CEO sent an email to employees addressing its disastrous IPO, drawing on Amazon’s and Facebook’s rough starts (UBER)

Getty/Spencer Platt Uber CEO Dara Khosrowshahi sent an email to employees on Monday, addressing the ride-hailing giant’s brutal stock-market debut. He said that while the market has so far punished Uber’s newly minted shares, employees should be mindful that its early post-initial-public-offering trading won’t necessarily give way to long-term issues. Khosrowshahi pointed to Facebook, which… Continue reading Uber’s CEO sent an email to employees addressing its disastrous IPO, drawing on Amazon’s and Facebook’s rough starts (UBER)