General Motors Co. booked $9.9 billion in net income last year, down from 2021’s $10 billion despite chronic supply chain woes, rising interest rates and a slowing economy. Revenue for the year was $156.7 billion, up from the $127 billion GM collected in 2021. GM met its projected guidance of earnings before taxes with a record $14.5 billion.… Continue reading GM reports nearly $10 billion in profit in 2022 despite headwinds
Category: US Motoring Press
Luca de Meo warns of ‘unhealthy’ electric car price cuts
Cutting the price of electric cars would be “not healthy” for Europe’s car makers while profits are still hard fought, according to Luca de Meo, Renault Group CEO and new chairman of European car industry lobby group the ACEA. Tesla cut prices of its Model 3 and Model Y best-sellers by up to £8000 in the UK as part… Continue reading Luca de Meo warns of ‘unhealthy’ electric car price cuts
ACEA will be ‘more assertive’ amid EV shift, says new president
European car industry lobby group the ACEA will become more “assertive” in future in the face of rising global competition and costs connected to the switch to electrification, incoming president Luca de Meo has said. The ACEA’s impact as a lobbyist has waned over the years as the European Union clamped down on CO2 output, leading… Continue reading ACEA will be ‘more assertive’ amid EV shift, says new president
Opinion: Mercedes-AMG E63 can lose V8 but keep drama factor
Mercedes-AMG has the basis of a good performance hybrid system in the ‘E-Performance’ powertrain of the latest Mercedes-Benz C63 AMG. The high-voltage battery pack is relatively light and energy-dense, but is also effectively cooled and thermally robust: so lots of intensive charging and discharging doesn’t seem to overheat it. The two-speed rear-axle drive also seems… Continue reading Opinion: Mercedes-AMG E63 can lose V8 but keep drama factor
New 2024 Mercedes-AMG E63 swaps V8 for straight-six PHEV
The next Mercedes-AMG E63 is set to swap its V8 petrol engine for an advanced new straight-six plug-in hybrid drivetrain, providing it with greater power and the capacity for electric-only driving. Set to be unveiled in 2024, the hot saloon/estate will be the first in a series of Mercedes-AMG models to adopt the new electrified drivetrain, which uses… Continue reading New 2024 Mercedes-AMG E63 swaps V8 for straight-six PHEV
Glickenhaus 007S is 1000bhp racer for the road
American hypercar manufacturer Glickenhaus has revealed new details about the upcoming 007S, the road-legal edition of the SCG 007 Le Mans racer. Limited to 24 examples, it’s a strict three-seater with a McLaren F1-style central driving position and two rear passenger seats. Glickenhaus confirmed the car is fully road legal in the US and there’s a “strong possibility”… Continue reading Glickenhaus 007S is 1000bhp racer for the road
BharatBenz displays new high-performance construction and mining trucks at Bauma 2023
BharatBenz displays new high-performance construction and mining trucks at Bauma 2023 Daimler India Commercial Vehicles (DICV) has strengthened its product offering for the construction and mining sector with the BharatBenz 3532CM mining tipper, 2832CM mining tipper and 5532 Tip Trailer. The entire truck model range is on display at Bauma CONEXPO India 2023, which opened today… Continue reading BharatBenz displays new high-performance construction and mining trucks at Bauma 2023
StoreDot partners Circulor for enhanced traceability of raw materials in EV batteries
StoreDot partners Circulor for enhanced traceability of raw materials in EV batteries StoreDot, the leader in extreme fast charging battery technology for electric vehicles, has partnered with Circulor, the leading supply chain traceability solution, to track the provenance and CO2 emissions of the raw materials used in its battery cells and its manufacturing cells process in… Continue reading StoreDot partners Circulor for enhanced traceability of raw materials in EV batteries
StoreDot partners Circulor for enhanced traceability of raw materials in EV batteries
StoreDot partners Circulor for enhanced traceability of raw materials in EV batteries StoreDot, the leader in extreme fast charging battery technology for electric vehicles, has partnered with Circulor, the leading supply chain traceability solution, to track the provenance and CO2 emissions of the raw materials used in its battery cells and its manufacturing cells process in… Continue reading StoreDot partners Circulor for enhanced traceability of raw materials in EV batteries
Grindwell Norton Abrasives showcases innovative abrasive solutions at IMTEX 2023
Norton Abrasives, a leading player in the abrasives business, showcased advanced engineered, high-performance solutions at the recently concluded IMTEX 2023 Bengaluru, the country’s largest machine tool and manufacturing technologies exhibition. The Norton booth at IMTEX, themed around ‘Technology’, featured high-performance solutions for the automotive components, foundry, gear and bearing industries, as well as emerging sectors… Continue reading Grindwell Norton Abrasives showcases innovative abrasive solutions at IMTEX 2023