London — The boards of Renault and Nissan gave their approval Monday to equalize the stake each automaker holds in the other, bringing a better balance in the French-Japanese alliance. Under the decision, both companies will own 15% in the other. Up to now, Renault Group of France owned 43.4% of Nissan Motor Co., while the… Continue reading Renault, Nissan boards agree to equalize mutual stakes
Category: US Motoring Press
Telangana Govt moots Mobility Valley, hopes to attract Rs 50,000 cr investment over 5 years on sustainable mobility
Telangana Govt moots Mobility Valley, hopes to attract Rs 50,000 cr investment over 5 years on sustainable mobility With an aim is to accelerate the growth of sustainable mobility in the country, Telangana government on Monday unveiled what it calls India’s first new mobility-focused cluster, called Telangana Mobility Valley or TMV where it plans to… Continue reading Telangana Govt moots Mobility Valley, hopes to attract Rs 50,000 cr investment over 5 years on sustainable mobility
Exclusive Auto Forecast Solutions February report now live
Read the latest report by Autocar Business and Auto Forecast Solutions to learn more about the various challenges facing the industry this year, and why they could actually yield a slight market rebound. We also round up the past month’s headlines, including the Renault-Nissan alliance restructure, Britishvolt going into administration and the automotive highlights from… Continue reading Exclusive Auto Forecast Solutions February report now live
Volvo S60 back on sale in UK with AWD only
Volvo has reintroduced the Volvo S60 saloon to its line-up, now available in four-wheel-drive-form only, after it was temporarily removed from sale last year. The BMW 3 Series-rivalling executive saloon was originally pulled in October so the Swedish firm could fulfil its existing orders. The car maker blamed the combined effects of component shortages and supply issues as a result of Covid-19 for not being able… Continue reading Volvo S60 back on sale in UK with AWD only
Lamborghini Aventador hybrid replacement unveiling imminent
He added: “We’re still working on the supercapacitor. We’re at the moment working on the next step, because the first generation is young.” The Aventador’s replacement, as with the follow-up to the Huracán due shortly afterwards, will also be completely new from the ground up, confirmed Mohr. He said: “There’s no carryover from any car.… Continue reading Lamborghini Aventador hybrid replacement unveiling imminent
UK registrations rise 14.7% for sixth consecutive monthly increase
UK new car registrations increased for the sixth consecutive month in January, representing the best start to the year since pre-Covid January 2020, new figures from the Society of Motor Manufacturers and Traders (SMMT) have revealed. Despite ongoing disruption to international supply chains, some 131,994 cars were registered in the first month of the year for growth… Continue reading UK registrations rise 14.7% for sixth consecutive monthly increase
Lamborghini V12 bows out with two Aventador-based specials
Two one-off supercars will mark the end of Lamborghini’s naturally aspirated V12 era, with the Italian marque set to reveal its first series-production hybrid sports car “in the coming weeks”. The Invencible coupé and Auténtica roadster have been dubbed “a unique farewell” to the iconic 12-cylinder powertrain. They arrive just before the unveiling of what is expected to be… Continue reading Lamborghini V12 bows out with two Aventador-based specials
Australian battery firm primed to buy Britishvolt
Australian battery start-up Recharge Industries has been selected as the preferred bidder for Britishvolt after it tabled a competitive bid to revive the collapsed manufacturer. Owned by American investment fund Scale Facilitation, Recharge also has early-stage plans to build a gigafactory near Melbourne in Australia. It aims to manufacture lithium ion batteries without using materials from China or Russia,… Continue reading Australian battery firm primed to buy Britishvolt
Electrified vehicle sales in Europe hit record 2.59 million units in 2022
In 2022, registrations of electrified vehicles (BEV, PHEV, EREV, FCEV) in Europe reached a new record with a total of 2.59 million units. Year-on-year, volume increased by 15%, and by 92% when compared with 2020. In 2019 – before the Covid-19 pandemic hit European markets – registrations totalled 561,000 units, however the market share for… Continue reading Electrified vehicle sales in Europe hit record 2.59 million units in 2022
Electrified vehicle sales in Europe hit record 2.59 million units in 2022
In 2022, registrations of electrified vehicles (BEV, PHEV, EREV, FCEV) in Europe reached a new record with a total of 2.59 million units. Year-on-year, volume increased by 15%, and by 92% when compared with 2020. In 2019 – before the Covid-19 pandemic hit European markets – registrations totalled 561,000 units, however the market share for… Continue reading Electrified vehicle sales in Europe hit record 2.59 million units in 2022