The UK is becoming “more challenging” as an automotive manufacturing base as the industry shrinks and becomes less attractive to suppliers, according to the country’s largest car manufacturer, Nissan. The UK produced 775,014 cars in 2022, down 9.8% on 2021 and 41% down on pre-pandemic 2019, when more than 1.3 million cars were built, according to… Continue reading Nissan boss: UK ‘more challenging’ for car makers
Category: US Motoring Press
Bugatti Chiron Profilée becomes most valuable new car ever auctioned
With the winning bid of 9,792,500 Euros net, the new owner of the Chiron Profilée has seized the opportunity to add this automotive solitaire, the very last Bugatti offered for sale from the Atelier in Molsheim with the legendary W16 powertrain, to their collection. The Bugatti Chiron Profilée, a one-of-a-kind piece of Bugatti history and the last W16-powered car… Continue reading Bugatti Chiron Profilée becomes most valuable new car ever auctioned
Canoo’s shares sink after EV maker agrees to sell $52 million in discounted stock
The Lifestyle Vehicle electric minivan from Canoo. Source: Canoo Shares of electric vehicle startup Canoo were sharply lower in early trading on Monday after the company said that it has agreed to sell discounted shares to raise $52.5 million. Canoo’s shares closed at $1.09 on Monday, down over 12%. The stock has lost more than… Continue reading Canoo’s shares sink after EV maker agrees to sell $52 million in discounted stock
Ford has 25% more engineers doing same work as rivals, CEO says
This content is only available to subscribers. Get unlimited digital access. $1 for 3 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Ford has 25% more engineers doing same work as rivals, CEO says
Volvo may move investments to U.S. if Europe’s green-tech push falls short
Volvo is joining a growing roster of manufacturers considering moving investments to the United States if Europe doesn’t bolster aid in response to President Joe Biden’s landmark green subsidy push. The Inflation Reduction Act, which promises roughly $370 billion in clean-energy subsidies, will strongly increase demand for emissions-free trucks in the United States, said Volvo… Continue reading Volvo may move investments to U.S. if Europe’s green-tech push falls short
Renault, Nissan boards agree to equalize mutual stakes
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
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