Category: Automotive

Stellantis to raise stake in China JV with GAC to 75%

Stellantis plans to increase its stake in its 50-50 joint venture in China with Guangzhou Automobile Group (GAC) to 75% as part of its efforts to tackle one of the weak spots in its business. The deal remains subject to approval by the Chinese government, Stellantis, the world’s number four carmaker said on Thursday. Additional details on Stellantis‘… Continue reading Stellantis to raise stake in China JV with GAC to 75%

Valmet Automotive strengthens significantly its financial resources

Valmet Automotive strengthens its working capital financing with a EUR 100 million loan granted by Finnvera, a specialized financing company owned by the State of Finland, and guaranteed by the European Investment Bank’s Pan-European Guarantee Fund. The credit demonstrates the financial sector’s confidence in Valmet Automotive’s business strategy and growth, and it supports the company’s development… Continue reading Valmet Automotive strengthens significantly its financial resources

Lamborghini NFT Space Time Memory on auction with the start of the lunar year

The physical artwork, the Space Key, contains carbon fiber pieces that Lamborghini sent to the International Space Station back in 2020, as a part of a joint research project. Engraved with a unique QR code, these carbon fiber parts link the digital element, are a series of five photographs of a Lamborghini Ultimae, lifting off… Continue reading Lamborghini NFT Space Time Memory on auction with the start of the lunar year

Nissan Micra to get all-electric avatar globally

Nissan will replace the Micra hatchback with an all-new electric model internationally. While the Micra was discontinued from India a few years ago, a replacement was introduced overseas, which will now see a successor in the form of an all-new CMF-BEV platform-based model. The Micra replacement will be based on a new EV platform shared with Renault, as… Continue reading Nissan Micra to get all-electric avatar globally

@Renault: Renault, Nissan & Mitsubishi Motors announce common roadmap Alliance 2030: Best of 3 worlds for a new future000354

Renault, Nissan & Mitsubishi Motors announce common roadmapAlliance 2030: Best of 3 worlds for a new future The 2030 roadmap focuses on pure electric vehicles and connected mobility. Aims to enhance usage of common platforms to reach 80% in 2026. Mitsubishi Motors to reinforce presence in Europe with two new models based on Renault best-sellers.… Continue reading @Renault: Renault, Nissan & Mitsubishi Motors announce common roadmap Alliance 2030: Best of 3 worlds for a new future000354

@Ford: Ford Taurus, F-150 and Expedition Drive Sales Growth for Ford Across the Middle East

Ford Taurus registered impressive figures in KSA, where it registered 173% year-on-year growth Ford F-150, which celebrated 45 consecutive years as the top-selling truck in the US, continued its steady growth in the region Middle East has witnessed an overall year-on-year growth of 127% DUBAI, UAE, January 26, 2022 – Ford recorded another successful year… Continue reading @Ford: Ford Taurus, F-150 and Expedition Drive Sales Growth for Ford Across the Middle East

@BMW: PHANTOM ORCHID AN INSPIRATIONAL SYMBOL FOR OUR TIMES001715

Rolls-Royce Motor Cars Singapore unveils ‘one of one’ Phantom Orchid Created by the marque’s Bespoke Collective at Goodwood in collaboration with artist Helen Amy Murray The ‘one of one’ Rolls-Royce Phantom Orchid has been designed for Singapore. The orchid was selected as an inspirational theme for resilience, beauty and strength. Orchids have long been a… Continue reading @BMW: PHANTOM ORCHID AN INSPIRATIONAL SYMBOL FOR OUR TIMES001715

Indian ride-hailing app Ola to open £100m electric car facility in Coventry

Indian ride-hailing app Ola to open £100m electric car facility in Coventry New boost to UK auto industry after tech giant and scooter maker invests in R&D plant to develop electric vehicles Ola claims to be the world’s third-largest ride-hailing app. It also makes an electric road-going scooter. Photograph: Manjunath Kiran/AFP/Getty Images Ola claims to… Continue reading Indian ride-hailing app Ola to open £100m electric car facility in Coventry

UK electric vehicle charging network is lagging behind, says Volkswagen

UK electric vehicle charging network is lagging behind, says Volkswagen ‘Charging anxiety’ may prevent the government from meeting its 2030 target for mass adoption of zero-emission cars Alex Smith, the managing director of Volkswagen Group UK, Photograph: Graeme Robertson/The Guardian Alex Smith, the managing director of Volkswagen Group UK, Photograph: Graeme Robertson/The Guardian The lack… Continue reading UK electric vehicle charging network is lagging behind, says Volkswagen