Category: Automotive

Zenix Consummates the Going Private Transaction

BEIJING, Jan. 27, 2022 /PRNewswire/ — China Zenix Auto International Limited (OTC: ZXAIY) (the “Company”), one of the largest commercial vehicle wheel manufacturers in China in both the aftermarket and OEM market by sales volume, today announced the completion of its merger (the “Merger”) with Newrace Mergersub Limited (“Merger Sub”), a wholly-owned subsidiary of Newrace… Continue reading Zenix Consummates the Going Private Transaction

Tesla is not working on its $25,000 electric car at the moment, says Elon Musk

Elon Musk confirmed that Tesla is not working on its previously announced $25,000 electric car right now because it has “too much on its plate”. At Tesla Battery Day in 2020, CEO Elon Musk announced that Tesla will be making a $25,000 electric car. The CEO commented in the announcement: Tesla will make a compelling… Continue reading Tesla is not working on its $25,000 electric car at the moment, says Elon Musk

Stellantis says it’ll increase share of China JV to boost Jeep, but partner says it didn’t agree

The maker of Jeep said on Thursday it will take majority ownership in its joint venture with one of its Chinese automaker partners in an effort to boost the SUV brand in a market particularly hungry for them. But Guangzhou Automobile Group Co. Ltd. said it didn’t know about the plans. Stellantis NV says it will increase its share to… Continue reading Stellantis says it’ll increase share of China JV to boost Jeep, but partner says it didn’t agree

British engine production declines -10.8% in 2021

27 January 2022 #SMMT News #UK Manufacturing UK engine manufacturing down -10.8% in 2021 to just over 1.6 million units. Production for domestic and overseas markets falls -3.6% and -15.4%, respectively. December output tumbles by more than a quarter to round off another tough year for sector. Mike Hawes, SMMT Chief Executive, said, 2021 represented… Continue reading British engine production declines -10.8% in 2021

UK CV manufacturing recovering as home delivery boom drives demand

British commercial vehicle production rises 11.3% to 73,600 units, but remains -14.4% down on pre-pandemic five-year average. Increase driven by production for UK, up 27.3%, while output for overseas markets broadly stable, down -0.6%. More than half of all British-built CVs exported, with the majority destined for EU roads. UK commercial vehicle (CV) production grew… Continue reading UK CV manufacturing recovering as home delivery boom drives demand

@VW Group: Lamborghini NFT Space Time Memory on auction with the start of the lunar year. A bridge between the physical and the digital world, this project celebrates human space exploration004518

Sant’Agata Bolognese, 27 January 2022 – Auction details for the first-ever NFT (non-fungible token) of Automobili Lamborghini are now confirmed. Lamborghini has partnered with NFT PRO and RM Sotheby’s and will receive bids on the five pairs of physical and digital artworks by the renowned artist Fabian Oefner between February 1st, the first day of… Continue reading @VW Group: Lamborghini NFT Space Time Memory on auction with the start of the lunar year. A bridge between the physical and the digital world, this project celebrates human space exploration004518

@VW Group: ID.5 in series production: Volkswagen successfully transforms Zwickau site into an electric vehicle production plant004519

Volkswagen is driving forward the shift to electric vehicle manufacturing with its ACCELERATE strategy. Today’s official start of production of the ID.5 and ID.5 GTX marks the completion of Volkswagen’s successful transformation of its Zwickau plant into a dedicated electric vehicle production facility. The long-established site in western Saxony is the first large-scale facility of… Continue reading @VW Group: ID.5 in series production: Volkswagen successfully transforms Zwickau site into an electric vehicle production plant004519

@Ferrari: The Ferrari Daytona SP3 awarded “Grand Prize: most beautiful supercar 2022” at Paris festival automobile international000209

Another prestigious design award for Ferrari This limited-edition ‘Icona’ model takes its inspiration from legendary 1960s Sports Prototypes Flavio Manzoni, Ferrari Chief Design Officer, awarded “Grand Prize of Design” Maranello, 27 January 2022 – The Ferrari Daytona SP3 has been awarded the “Grand Prize: Most Beautiful Supercar 2022” by a panel of expert judges at… Continue reading @Ferrari: The Ferrari Daytona SP3 awarded “Grand Prize: most beautiful supercar 2022” at Paris festival automobile international000209

@Mazda: 000427

IRVINE, Calif. (Jan. 26, 2022) – Today, Mazda North American Operations (MNAO) President and CEO Jeff Guyton drives in the first 2023 Mazda CX-50 to roll off the Discovery Line at Mazda’s new Huntsville, Alabama plant. Mazda Toyota Manufacturing (MTM) is a $2.3 billion joint venture partnership between Mazda Motor Corporation and Toyota Motor Corporation.… Continue reading @Mazda: 000427