Hyundai Motor Company and Iveco Group have signed a supply agreement of an Iveco-badged all-electric light commercial vehicle for Europe, based on Hyundai’s Global eLCV platform. The new vehicle will join Iveco Group’s electric light commercial vehicle lineup, enhancing the Group’s LCV portfolio alongside the iconic Iveco Daily. The supply agreement signing ceremony, which took… Continue reading Hyundai to supply all-electric LCV to Iveco Group in Europe
Category: US Motoring Press
Continental India targets 12% growth in CY2024, expand ACU, TCU and TPMS capacity
German automotive major Continental’s Indian arm – Continental Automotive India – is targeting 12% year-on-year growth in CY2024, aiming to ride on the strong demand emanating from the domestic automotive market as a result of the country’s robust macroeconomics. To achieve this growth, Continental Automotive India plans to expand manufacturing capacities across its three key… Continue reading Continental India targets 12% growth in CY2024, expand ACU, TCU and TPMS capacity
Ferrari finishes a record year by topping Wall Street’s estimates
Car key for the Ferrari Purosangue SUV. Adam Jeffery | CNBC Luxury sports car manufacturer Ferrari topped Wall Street’s top- and bottom-line earnings expectations for the fourth quarter to finish off a record year of profits. The automaker reported a net profit of 1.26 billion euros, or $1.36 billion, for 2023, including 294 million euros,… Continue reading Ferrari finishes a record year by topping Wall Street’s estimates
Tesla upgrades Model Y in China as BYD competition heats up
A Tesla Model Y is seen on a Tesla car lot in Austin, Texas, on May 31, 2023. Brandon Bell | Getty Images Tesla upgraded the self-driving hardware on the Model Y car it sells in China, Elon Musk’s automaker said on WeChat on Thursday, as it looks to boost sales and fend off rising… Continue reading Tesla upgrades Model Y in China as BYD competition heats up
Volvo shares jump 26% on higher sales, plans to stop Polestar funding
A Volvo C40 Recharge electric SUV is on display during the Volvo “A New Era of Volvo Cars” press conference at The Shilla Seoul on March 14, 2023 in Seoul, South Korea. Han Myung-gu | Wireimage | Getty Images Volvo Cars shares surged more than 26% on Thursday after the Swedish automaker announced it will… Continue reading Volvo shares jump 26% on higher sales, plans to stop Polestar funding
Elon Musk says Tesla will hold a shareholder vote to incorporate in Texas after Delaware pay snub
SpaceX, X (formerly known as Twitter), and Tesla CEO Elon Musk speaks during live interview with Ben Shapiro at the symposium on fighting antisemitism on January 22, 2024 in Krakow, Poland. Omar Marques | Getty Images Elon Musk said late Wednesday that Tesla will hold a shareholder vote on whether to transfer the electric car… Continue reading Elon Musk says Tesla will hold a shareholder vote to incorporate in Texas after Delaware pay snub
Tesla sued by 25 California counties over hazardous waste handling
An aerial view of the Tesla Fremont Factory on May 13, 2020 in Fremont, California. Justin Sullivan | Getty Images Electric vehicle maker Tesla was sued by district attorneys representing 25 counties in California over the company’s alleged improper handling of hazardous waste materials at facilities throughout the state. Although Tesla is now headquartered in… Continue reading Tesla sued by 25 California counties over hazardous waste handling
Jaguar XE
The XE’s lineup of four-cylinder ‘Ingenium’ engines certainly don’t give it the lusty, enticing mechanical charm that Jaguar’s traditional big saloons of so many decades ago had; but they do deliver reasonably refined, flexible and economical motoring in the case of the diesels, and a that bit more urgency if you opt for the range-topping petrol.… Continue reading Jaguar XE
What Lewis Hamilton moving to Ferrari means for F1
An irrepressible and likable character, Vasseur has made a strong start to leading Ferrari out of its latest era of underachievement. The project remains a work in progress – but the operational errors of previous years were fewer in number last year. Vasseur has been a unifying presence. But from Ferrari’s side, why does it… Continue reading What Lewis Hamilton moving to Ferrari means for F1
BMW X6
BMW’s efforts to give the X6 a more luxurious air are obvious the moment you step up into it. The quality of the interior and level of standard equipment (not least its long list of electronic driving aids) is well beyond that of earlier models. The driving position is also a little less upright and… Continue reading BMW X6