François said: “At Fiat, we think that the Lingotto and the track are such a landmark that they deserve to become design markers. “Their characteristics have inspired Fiat designers to trace the lines of the future Fiat models, from the incredible roof track to the ramp, a revolution in the 1920s, which is like a manifesto of our traditional… Continue reading Fiat previews car interiors inspired by iconic Lingotto factory
Category: US Motoring Press
Chargeplace Scotland to be brought under private ownership
Chargeplace Scotland, the country’s national EV charging provider, is set to be broken up and fall into private ownership as the demand for EVs makes it “unsustainable” for it to continue operating as a publicly funded agency. The Scottish government-backed firm could be disbanded as early as this summer, owing to increased demand and a more pressing… Continue reading Chargeplace Scotland to be brought under private ownership
Why Jaguar Land Rover faces a manufacturing dilemma in China
Two figures stood out starkly from JLR’s most recent results presentation: the average price of vehicles it exported to China last year (£101,000) versus the average price of cars made there with its joint-venture partner (£36,000). Companies often build cheaper models locally to remove some of the costs associated with importing. However, the price gulf between the two… Continue reading Why Jaguar Land Rover faces a manufacturing dilemma in China
Aston Martin DB11 successor unveiled tomorrow
Aston Martin will unveil its next-generation grand tourer – an overhauled version of the DB11 that was previously spotted testing on road and track – tomorrow. It will bring a technological overhaul, with teaser images released by the British firm confirming that the ageing Mercedes-Benz infotainment system from the DB11 has been replaced. Company chairman Lawrence… Continue reading Aston Martin DB11 successor unveiled tomorrow
BMW i5: new electric 5 Series to be revealed tomorrow
The new electric BMW i5 is due to be revealed in the coming months, having completed “the ultimate endurance test”. The highly anticipated EV version of the next-generation BMW 5 Series was confirmed for a 2023 launch in January, but only now has Munich released images of the Mercedes-Benz EQE rival undergoing a hardcore testing programme on ice, snow and rough… Continue reading BMW i5: new electric 5 Series to be revealed tomorrow
Ashok Leyland to spend ‘normal’ capex of Rs 600-750 crore in FY24 after two years of tightening
Chennai-based Ashok Leyland, a flagship company of Hinduja Group, hopes to return to its ‘normal’ capex spending of around Rs 600–Rs 750 crore in FY24, as opposed to the rather tightening done in FY23 and FY22, when the company incurred Rs 500 crore and Rs 400 crore, respectively. The company’s corresponding capex was Rs 617 crore… Continue reading Ashok Leyland to spend ‘normal’ capex of Rs 600-750 crore in FY24 after two years of tightening
Varroc Engineering bags Rs 5,178 crore in new order wins, including Rs 1,797 crore from key seven EV customers
Varroc Engineering, a tier-1 automotive component supplier, announced new orders worth over Rs 5178 crore during FY23 on Tuesday. Out of the total, business wins from seven prominent EV customers were at Rs 1,796.8 crore. About 56% of the order wins came from four-wheelers, while the remaining 44% were contributed by two- and three-wheelers, the… Continue reading Varroc Engineering bags Rs 5,178 crore in new order wins, including Rs 1,797 crore from key seven EV customers
Lumax Auto Technologies Aftermarket Division enters lubricant and coolants market
Lumax Auto Technologies (LATL), a Tier-1 diversified automotive systems and components manufacturer, has launched Lubricants and Coolants for all vehicle segments in the domestic aftermarket. Owing to the automotive industry’s significant growth, there is a rapid potential and demand that is witnessed for High performance and energy-efficient Lubricants and Coolants in the Indian automotive market. Addressing this emerging… Continue reading Lumax Auto Technologies Aftermarket Division enters lubricant and coolants market
Continental continues divesting majority of its activities in Russia, sells plant to S8 Capital
Continental has sold its plant in Kaluga, Russia, to Russian company S8 Capital. With this step, Continental has divested the majority of its activities in Russia as part of its announced controlled withdrawal from the Russian market – a decision taken by the technology company in response to the Russia Ukraine conflict. The transaction has been… Continue reading Continental continues divesting majority of its activities in Russia, sells plant to S8 Capital
Tata Motors Finance launches dedicated IT Infrastructure Development Centre to bolster go to market pilot projects
Tata Motors Finance has launched its first dedicated IT Infrastructure Development Centre in Pune, to leverage the city’s ttechnology ecosystem and establish a centralised tech solution hub for Tata Motors Finance’s digital transformation initiatives. The centre was inaugurated by Samrat Gupta, MD and CEO of Tata Motors Finance, along with Neeloy Majumder, Chief Digital and… Continue reading Tata Motors Finance launches dedicated IT Infrastructure Development Centre to bolster go to market pilot projects