Enterprise Car Club Launches UK Carsharing

To further increase utilization, the vehicle is available as an Enterprise Car Club vehicle on a simple pay as you go tariff at weekends and evenings. Photo via Depositphotos. Enterprise Car Club and sharing economy pioneers, Liftshare, have today announced a partnership that will see the two collaborate on a new mobility model that will… Continue reading Enterprise Car Club Launches UK Carsharing

BMW executive Markus Duesmann tasked with reviving Audi

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) on Friday installed former BMW (BMWG.DE) executive Markus Duesmann to reinvent Audi (NSUG.DE) after the German premium brand lost key engineering know-how and influence in the wake of the 2015 diesel-cheating scandal. Markus Duesmann, board member of German luxury carmaker BMW attends the company’s annual news conference in Munich, Germany,… Continue reading BMW executive Markus Duesmann tasked with reviving Audi

Enway Raises €6M in Seed Funding

Enway, a Berlin, Germany-based company that builds the next generation of cleaning services, raised €6M in seed funding. The round was led by Redalpine with participation from Berlin Technologie Holding and a number of Silicon Valley business angels including Moving Capital, an investment club of UBER Alumni, and existing investors Atlantic Labs and b10 |… Continue reading Enway Raises €6M in Seed Funding

Ford’s Mustang Mach-E all-electric SUV revealed in leaked photos, prices and configurations

Ford is officially debuting its fully electric crossover SUV on Saturday, November 17 – but we got a look at the new Mach-E (which was just officially named yesterday) a couple of days early. The leak comes from Ford’s own website, as screenshotted for posterity by Jalopnick, and includes photos of most angles of the… Continue reading Ford’s Mustang Mach-E all-electric SUV revealed in leaked photos, prices and configurations

Honda profit plummets

Honda Atlas Cars reported a 50 per cent drop in its profit after tax down to Rs509.7 million in the July to September period of its half yearly financial results filed with the stock exchange on Thursday.The fall in sales revenue is largely due to a fall in sales volume dropping by 67pc year-on-year.HCAR saw its gross margin improve by 288 basis points to 10.4pc “on back of higher car prices and cost efficiencies” in the second quarter.

Ferrari Roma coupe unveiled

Ferrari has unveiled the new Roma.The luxury coupe can make 0-100 kmph in 3.4 seconds and 0-200 kmph in 9.3 seconds.Ferrari Roma’s chassis makes use of the modular technology developed by the luxury sports car manufacturer for its new generation models.

Volkswagen says it has no plans to cooperate with Tesla

Volkswagen Group CEO Herbert Diess attends a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai, China November 8, 2019. REUTERS/Aly Song WOLFSBURG (Reuters) – Volkswagen (VOWG_p.DE) Chief Executive Herbert Diess on Friday said the German carmaker has no plans to cooperate with start-up electric carmaker Tesla (TSLA.O). Tesla should be admired… Continue reading Volkswagen says it has no plans to cooperate with Tesla

German auto giant BMW presents research facility for battery cells in Munich

BERLIN, Nov. 15 (Xinhua) — German auto giant BMW presented a battery cell research center on Thursday to “advance battery cell technology and carefully dissect the production processes.”
According to BMW, total investments for the research center in Munich, where 200 people will be employed, are 200 million euros (219.9 million U.S. dollars).
Battery cell technology is a “key success factor” for BMW vehicle fleet because it affects both the operational performance of cars as well as battery costs, said Oliver Zipse, chief executive officer of BMW.
BMW announced that it would not manufacture the battery cells itself but would only develop batteries specially tailored to the needs of its cars in cooperation with the battery manufacturers. Furthermore, scientists at the facility would research new materials to produce battery cells.
Employee representatives at the BMW Group would be “actively involved” with the aim of developing expertise within the company to secure jobs “for the long t..