Treasury Secretary Janet Yellen is throwing cold water on expectations that the agency will provide relief to foreign automakers lobbying against stringent limits on a popular electric-vehicle tax credit. “I’ve heard a lot about the concerns of the Koreans and Europeans about those rules, and we’ll certainly take them into account,” but “the legislation is… Continue reading Yellen tempers expectations for EV tax-credit tweaks
Category: US Motoring Press
Maserati Grancabrio due next year as first electric drop-top GT
Maserati is primed to bring back the Grancabrio name next year for a convertible version of the reborn Granturismo. The revitalised Maserati Grancabrio will feature nearly identical technical specifications across the board, said Maserati. That means a choice of two V6 options (with 489bhp and 550bhp) and a Folgore-badged EV with 745bhp. When the Folgore variant lands, making the… Continue reading Maserati Grancabrio due next year as first electric drop-top GT
Aiways U6 to arrive in Europe as £34,000 VW ID 5 rival
Aiways has confirmed it will begin sales of its new U6 in selected European markets in December at a price tipped to start at around €39,000 (£34,000), ahead of planned deliveries of left-hand-drive models during the first half of 2023. Initially previewed in concept form at the Chengdu motor show in 2020, the U6 is… Continue reading Aiways U6 to arrive in Europe as £34,000 VW ID 5 rival
CAUSIS E-Mobility in final stages of Rs 1,400 crore fundraising for supply of 700 e-double decker buses to BEST
CAUSIS E-Mobility in final stages of Rs 1,400 crore fundraising for supply of 700 e-double decker buses to BEST Causis E-Mobility- a part of London headquartered CAUSIS Group is into manufacturing and supplying of electric vehicles and the associated infrastructure of chargers and related green technology applications is in advanced stages of raising Rs 1400 crore funding for… Continue reading CAUSIS E-Mobility in final stages of Rs 1,400 crore fundraising for supply of 700 e-double decker buses to BEST
Hyundai Motor India enters General Insurance market
In a bid to grab a larger pie of the overall value chain of vehicle acquisition, Hyundai Motor India in FY22 ventured into the “Insurance” segment through Hyundai India Insurance Broking Private Limited. The new company has obtained registration with Insurance Regulatory Development Authority or (IRDAI) as a Direct Broker — General, Hyundai Motor said… Continue reading Hyundai Motor India enters General Insurance market
Greatest road tests ever: Subaru SVX
Tested 5.8.92 New from the ground up, the SVX was designed by Giorgetto Giugiaro and featured a wraparound-effect glassline. The six-pot boxer (Subaru’s first) had four overhead camshafts and drove all four wheels. Despite several composite body panels, the car weighed 1614kg, so performance was only respectable, although the throttle response was good and the… Continue reading Greatest road tests ever: Subaru SVX
Mercedes-Benz Trucks showcases eActros LongHaul for construction site deliveries at Bauma
Mercedes-Benz Trucks showcases eActros LongHaul for construction site deliveries at Bauma Mercedes-Benz Trucks is to display several fully battery-electric trucks for construction site applications at this year’s Bauma, the world’s leading construction industry trade show that takes place in Munich from October 24 to 30. At the event, Mercedes-Benz Trucks will also showcase the concept… Continue reading Mercedes-Benz Trucks showcases eActros LongHaul for construction site deliveries at Bauma
Ramkrishna Forgings wins Rs 121 crore EV parts order from Swedish OEM
Ramkrishna Forgings, one of India’s leading suppliers of rolled, forged and machined products, has bagged a long-term supply contract worth 15 million euros (Rs 121 crore} from a Swedish OEM. The supply order is for two components – tie rod arm tag and spring link – for an electric vehicle for supplies till 2030. Commenting… Continue reading Ramkrishna Forgings wins Rs 121 crore EV parts order from Swedish OEM
Fastest Nurburgring lap times 2022: quickest cars and lap records
Germany’s Nurburgring Nordschleife race track is worshipped by not only petrolheads around the world but also car manufacturers. New cars are often tested and developed on the ‘Green Hell’ circuit, with anything from supercars to hot hatchbacks aiming to topple a multitude of lap records. The 12.8-mile circuit is one of the most challenging stretches… Continue reading Fastest Nurburgring lap times 2022: quickest cars and lap records
Maruti Suzuki strengthens its grip on car exports in H1 FY2023
India’s passenger vehicle industry, which is on a roll in the domestic market with sales of 1.93 million units and 40% year-on-year growth, is also the best performing on the export front across vehicle segments in first-half FY2023. Given current high inflationary trends the world over and the sharp rise of the dollar, overall exports… Continue reading Maruti Suzuki strengthens its grip on car exports in H1 FY2023