Category: Newswire

Brazil pair arrested over fake supercar factory

Olice in the southern Brazilian state of Santa Catarina have raided a clandestine factory manufacturing bootleg luxury vehicles.Officials from the Santa Catarina Civil Police’s Investigative Unit seized eight semi-assembled replicas of Ferraris and Lamborghinis in Monday’s raid.The investigation began when Ferrari and Lamborghini representatives contacted the Santa Catarina Civil Police.

China’s EV startup denies laying off 90 employees in Silicon Valley

China’s electric vehicle (EV) startup Seres, formerly known as SF Motors, on Tuesday denied it has fired 90 employees at its Silicon Valley office, saying only 47 jobs were cut across the United States.The SF5 model, first unveiled in Silicon Valley in March 2018, is a small SUV boasting as much as 684 horsepower with 300 miles (about 480 km) of range, equipped with advanced intelligent EV technologies.Seres is the EV unit of China’s Chongqing Sokon Industry Group (Sokon), whose U.S. headquarters is in Santa Clara, Silicon Valley.

SAIC General Motors Is Sticking With Low-Emission, but Unpopular Engine

One of China’s top carmakers said it will continue to equip its vehicles with a type of engine that emits less pollution, even though it has been a drag on sales, as China has ramped up efforts to improve the fuel efficiency of gas guzzlers.The standards aim to cut polluting emissions from new vehicles by about half of the previous threshold.In June, China’s car sales rose 4.9% year-on-year to 1.8 million, the first sales increase since May 2018.