PARIS (Reuters) – PSA Group (PEUP.PA) shrugged off losses at the newly acquired Opel division to lift sales, profit and operating margin to new records in 2017, the French carmaker said on Thursday. The maker of Peugeot, Citroen, Opel and Vauxhall cars said net income rose 11.5 percent to 1.93 billion euros ($2.35 billion) on… Continue reading CORRECTED-Peugeot hits new earnings record despite Opel loss
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Mission E: Porsche wants to equip dealers with 800V fast charging stations
Mission E (Image: Porsche) Porsches Electric sports car Mission E should feel like a true Porsche even without an internal combustion engine. Dealers get 800V fast charging stations. In 20 minutes, power should be in the battery for a range of 400 km. The head of the electric vehicles department at Porsche, Stefan Weckbach, in… Continue reading Mission E: Porsche wants to equip dealers with 800V fast charging stations
UK car industry must be at the heart of Brexit negotiations, say MPs
Automotive industry Investment and thousands of jobs could be lost in booming automotive sector, committee warns The BEIS parliamentary committee warns that car manufacturing in the UK could face frosty investment conditions after Brexit. Photograph: Ian Horrocks/Getty Images The UK government must put the car industry at the heart of Brexit negotiations or risk the… Continue reading UK car industry must be at the heart of Brexit negotiations, say MPs
Exclusive: Go-Jek, Traveloka and Tokopedia in talks to invest in insurtech startup PasarPolis
March 1, 2018 Indonesia’s unicorns Go-Jek, Traveloka and Tokopedia are in advanced discussions to invest in insurance tech (insurtech) startup PasarPolis, according to three people aware of the development. PasarPolis claims to be one of the first online portals in Indonesia to provide varying insurance options covering health, vehicle, accident, property, travel and life. It allows users to… Continue reading Exclusive: Go-Jek, Traveloka and Tokopedia in talks to invest in insurtech startup PasarPolis
Porsche’s Electric Mission E Gets Its Own Superchargers
Much of driving a Porsche, or any sports car, is about confidence—the reassurance that you’re sitting in a work of art that can also fling you away from a red light, putting the proletariat in their place: the rearview mirror. The rule holds for the automaker’s upcoming Mission E, the all-electric sedan aiming to replace… Continue reading Porsche’s Electric Mission E Gets Its Own Superchargers
John Clark opens new Volvo dealership in Edinburgh
John Clark Motor Group has opened a Volvo dealership in Edinburgh, the first Volvo business for the group. John Clark is rated 16 in the Motor Trader Top 200 with annual turnover of £702.8m, representing Audi, BMW, Dacia, Jaguar, Land Rover, Nissan, Peugeot, Renault, Seat, Skoda, Volkswagen and now Volvo. Chris Clark, managing director, said:… Continue reading John Clark opens new Volvo dealership in Edinburgh
The Stratos is coming back, but don’t call it a Lancia
Yes, the Stratos is being reborn, though nobody at FCA has cared enough about Lancia to do it themselves. Instead, it’s being built by Manifattura Automobili Torino (MAT), the same custom low-volume builder that takes care of the Apollo Arrow and James Glickenhaus’s fabulously crafted SCG003S. And Lancia itself has had nearly eight years to… Continue reading The Stratos is coming back, but don’t call it a Lancia
SCG Developing Modern Baja Boot To Set New Altitude Record
Scuderia Cameron Glickenhaus (SCG) is known for making over-the-top supercars. The man behind SCG, James Glickenhaus, wants to expand the company’s lineup with a modern variant of the Baja Boot. So, he took to Facebook to announce that work has started on the SCG Boot. Eight years ago, Glickenhaus purchased Steve McQueen’s 1967 Baja Boot.… Continue reading SCG Developing Modern Baja Boot To Set New Altitude Record
New V-12 Apollo Intensa Emozione
Supercar start-up Apollo is an Italian based firm backed by Chinese capital investments. The Apollo Company has its evolution roots planted in German automobile manufacturing enterprise Gumpert. Roland Gumpert, the founder of Apollo, once held the position of director of Audi Sport. Under his management, Audi won a total of 25 World Rally Championship races… Continue reading New V-12 Apollo Intensa Emozione
FCA to review potential Magneti Marelli spinoff in second quarter
DETROIT (Reuters) – Fiat Chrysler Automobiles NV (FCA) (FCHA.MI) said on Wednesday that in the second quarter the automaker would review the possible spinoff of its Magneti Marelli unit. Last month FCA Chief Executive Officer Sergio Marchionne said he had recommended to the company’s board that the automaker spin off the maker of components for… Continue reading FCA to review potential Magneti Marelli spinoff in second quarter