The By Miles team are going from strength to strength! Last week they launched the UK’s first real-time pay-as-you-drive car insurance. This week, they have closed a £1m funding round led by JamJar Investments, the venture capital fund of the innocent drinks founders. As one of their original investors, InMotion also participated in this round… Continue reading By Miles closes £1m funding round
Category: Automotive
American Honda Reports July Sales Results
All-new 2019 Acura RDX scores second-consecutive sales record with 5,784 units sold in July Honda Pilot sales continue momentum – jumping another 30.5% in July, bolstered by redesigned 2019 model Honda CR-V sales top 32,000 for the month – advancing industry retail SUV sales leadership New Honda Insight quickly posts nearly 2,000 sales in its… Continue reading American Honda Reports July Sales Results
Volkswagen says WLTP could cause burden of more than 1 bln eur.
FRANKFURT, Aug 1 (Reuters) – Resolving bottlenecks caused by tougher emissions rules could cost Volkswagen more than 1 billion euros, Chief Financial Officer Frank Witter said on Wednesday. The auto industry is struggling to adapt its vehicles to meet the new Worldwide Harmonized Light Duty Vehicles Test Procedure, known as WLTP, which takes effect from… Continue reading Volkswagen says WLTP could cause burden of more than 1 bln eur.
Ford Trucks Post Double-Digit Gains, with F-Series Marking Its 15th Consecutive Month of Year-over-Year Increases; Retail Sales of Lincoln Navigator Up 65 Percent
About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions.… Continue reading Ford Trucks Post Double-Digit Gains, with F-Series Marking Its 15th Consecutive Month of Year-over-Year Increases; Retail Sales of Lincoln Navigator Up 65 Percent
VW CEO says anti-pollution rules may hit profits, car sales
FRANKFURT (Reuters) – Volkswagen Group’s (VOWG_p.DE) Chief Executive Herbert Diess warned that new anti-pollution tests pose a risk to the carmaker’s profit targets. VW has warned that production of up to 250,000 cars will be delayed as it struggles to adapt its vehicles to a new anti-pollution test, the Worldwide Harmonized Light Duty Vehicles Test… Continue reading VW CEO says anti-pollution rules may hit profits, car sales
UPDATE 1-Ferrari confirms guidance as new CEO takes the wheel
MILAN (Reuters) – Ferrari (RACE.MI) reported a 7 percent rise in second-quarter adjusted core earnings and confirmed its outlook for the year as a new boss takes charge at the Italian supercar maker following the death of Sergio Marchionne. FILE PHOTO: The Ferrari Insignia is seen at the back of a Ferrari Testarossa during a… Continue reading UPDATE 1-Ferrari confirms guidance as new CEO takes the wheel
Hypercar manufacturer Lister to move HQ to Hyndburn Rocket Centre
By Tim Aldred Posted on: 27th July, 2018 at 8:07 am Hypercar manufacturer Lister has announced major expansion plans which include new premises with a HQ in Hyndburn Rocket Centre. A ray of sunshine for the automotive sector shines on Lancashire. The iconic Rocket Centre, with over 25,000 square ft. of showroom space will be… Continue reading Hypercar manufacturer Lister to move HQ to Hyndburn Rocket Centre
Lister announces new HQ in Blackburn
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Volkswagen mulls own production of battery cells in Europe
WOLFSBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) is eyeing producing its own solid state battery cells, with possible serial production from 2024 or 2025, its chief executive said on Wednesday. A Volkswagen logo is pictured during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt “We must not make ourselves dependent… Continue reading Volkswagen mulls own production of battery cells in Europe
Tesla plans to invest $5 billion building factory in China: Bloomberg
(Reuters) – Tesla Inc (TSLA.O) is planning to invest $5 billion to build a factory in China, Bloomberg reported on Wednesday, citing a source. FILE PHOTO: A Tesla logo adorns a ‘Model S’ car in the dealership in Berlin, Germany, November 18, 2015. REUTERS/Hannibal Hanschke/File Photo Tesla is considering raising funds in China to finance… Continue reading Tesla plans to invest $5 billion building factory in China: Bloomberg