• Park’s Lotus to open in Hamilton this summer for sales and service • New Lotus retailer in the west of Scotland for the first time in 15 years • Lotus Evora GT410 – the latest model for everyday driving – takes centre stage in the showroom (Hethel, UK – 29 July 2020) –… Continue reading @Geely: Wed 29 Jul 2020Lotus appoints new retailer for performance car sales and service in Scotland Read more
Category: Automotive
Aston Martin losses grow as sales tumble at James Bond’s carmaker
FILE PHOTO: An Aston Martin logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy/File Photo LONDON (Reuters) – Carmaker Aston Martin (AML.L), which has changed its boss and brought in a billionaire investor this year, posted a deeper first-half loss of 227 million pounds ($293 million)… Continue reading Aston Martin losses grow as sales tumble at James Bond’s carmaker
Traton signs a credit line of 3.75 billion to have greater “financial flexibility”
MADRID, Jul 29 (EUROPA PRESS) – Traton, the commercial vehicle division of the Volkswagen group, has signed a syndicated credit line of 3.75 billion euros to provide greater “financial flexibility” on favorable terms. As the firm has indicated in a statement, this line of credit, backed by a consortium of 21 banks, has an initial… Continue reading Traton signs a credit line of 3.75 billion to have greater “financial flexibility”
Seat, Volkswagen and Iberdrola join forces to promote a network of charging points in Spain
MADRID, Jul 29 (EUROPA PRESS) – The automobile firm Seat, Volkswagen Group Spain Distribution and Iberdrola have signed an agreement to promote electric mobility in Spain, with the aim of promoting the creation of a public network of charging points, promoting the use of renewable energy, marketing charging solutions and integrate Iberdrola’s infrastructure in electric… Continue reading Seat, Volkswagen and Iberdrola join forces to promote a network of charging points in Spain
The ‘rent a car’ warns that the decision of the United Kingdom will aggravate up to 80% the fall in income
MADRID, Jul 29 (EUROPA PRESS) – The National Federation of Rental Vehicles With and Without Driver (Feneval) has warned that the decision of the United Kingdom to establish a quarantine of fourteen days for people who come from Spain could aggravate up to 80% the fall in income expected for This exercise. Feneval indicated that… Continue reading The ‘rent a car’ warns that the decision of the United Kingdom will aggravate up to 80% the fall in income
Aston Martin accounting error caused carmaker to understate 2019 loss
Disclosure comes as company reports 64% revenue drop in first half of this year Go to Source
Lithium-ion battery maker Britishvolt partners Pininfarina to build first gigaplant in UK
Silvio Pietro Angori, CEO, Pininfarina and Lars Carlstrom, co-founder, Britishvolt, at the signing ceremony at Pininfarina’s office in Turin. British battery manufacturer Britishvolt has partnered Italian design house Pininfarina, to build the UK’s first large-scale battery gigaplant at the former RAF base of Bro Tathan in Wales. The partners say with Pininfarina legacy of more… Continue reading Lithium-ion battery maker Britishvolt partners Pininfarina to build first gigaplant in UK
German Continental sets up supercomputer to boost autonomous driving
BERLIN, July 28 (Xinhua) — German automotive supplier Continental set up a supercomputer for Artificial Intelligence (AI) to accelerate the development of innovative mobility technologies, the company announced on Tuesday.
“AI enhances advanced driver assistance systems, makes mobility smarter and safer and accelerates the development of systems for autonomous driving,” the firm noted.
The supercomputer, which was among the 500 most powerful computers in the world, was operating from a data center in Frankfurt am Main in Germany since the beginning of the year and used technology from the U.S. company NVIDIA, according to Continental.
“The supercomputer is an investment in our future,” said Christian Schumacher, head of program management systems in Continental's advanced driver assistance systems business unit.
Continental's fleet of test cars was currently traveling around 15,000 kilometers per day, generating around 100 terabytes of data, equivalent to 50,000 hours of mov..
2020 Skoda Enyaq: electric SUV’s interior details revealed
Skoda has preveiwed the interior of its new Enyaq iV SUV, its first electric model built on the Volkswagen Group’s MEB platform, ahead of its unveiling on 1 September. The new machine, which uses the same underpinnings as the new Volkswagen ID 3, is said to feature a cabin that “reflects modern living environments”. Skoda designers have exploited the MEB platform’s… Continue reading 2020 Skoda Enyaq: electric SUV’s interior details revealed
Autocar Business Live: join us in conversation with SMMT boss Mike Hawes tomorrow
It is a pivotal moment for the car industry, both in the UK and globally, as it navigates not only a post-pandemic landscape but also the ongoing challenges of electrification, digitalisation and more. We will delve deeper into these issues, and particularly what they mean for the UK car industry, in our first Autocar Business… Continue reading Autocar Business Live: join us in conversation with SMMT boss Mike Hawes tomorrow