Ford Motor Co.’s U.S. sales slipped 2.2% year-over-year in 2022, amid the auto industry’s worst sales showing in a decade. The Dearborn automaker reported 1,864,464 sales for the year, down from 1,905,955 in 2021. For December, Ford’s sales of 179,279 vehicles were up 3.2% year-over-year. Meanwhile, Ford’s market share inched up 0.7 percentage points last… Continue reading Ford closes 2022 as No. 2 EV maker as sales slip 2.2%
Category: US Motoring Press
Electric Pe targets five-city network expansion from its $5million funding
Electric vehicle charging app aggregator ElectricPe which recently raised $5 million plans to utilise the funds for network expansion and to scale up operations. The Bengaluru-based company will add five more South Indian cities to its network over the next 24 months. “We want to create a holistic full-stack consumer-facing platform and the route to… Continue reading Electric Pe targets five-city network expansion from its $5million funding
Electric Pe targets five-city network expansion from its $5million funding
Electric vehicle charging app aggregator ElectricPe which recently raised $5 million plans to utilise the funds for network expansion and to scale up operations. The Bengaluru-based company will add five more South Indian cities to its network over the next 24 months. “We want to create a holistic full-stack consumer-facing platform and the route to… Continue reading Electric Pe targets five-city network expansion from its $5million funding
Pankaj Munjal backed Hero Motors raises equity from PE firm GEF Capital Partners
In a bid to accelerate its push in the electric vehicle space, Pankaj Munjal backed Hero Motors, the auto-components arm of Hero Motors Company (HMC) Group has raised equity from private equity firm GEF Capital Partners and its Limited Partners for a minority stake for an undisclosed sum. With a total investment of Rs 1,500… Continue reading Pankaj Munjal backed Hero Motors raises equity from PE firm GEF Capital Partners
Pankaj Munjal backed Hero Motors raises equity from PE firm GEF Capital Partners
In a bid to accelerate its push in the electric vehicle space, Pankaj Munjal backed Hero Motors, the auto-components arm of Hero Motors Company (HMC) Group has raised equity from private equity firm GEF Capital Partners and its Limited Partners for a minority stake for an undisclosed sum. With a total investment of Rs 1,500… Continue reading Pankaj Munjal backed Hero Motors raises equity from PE firm GEF Capital Partners
Cadillac announces bid to enter Formula 1 with Andretti
General Motors (GM) has announced a shock plan to enter Formula 1 in the coming years in partnership with motorsport giant Andretti Autosport. The two American companies plan to create a race team named Andretti Cadillac. This would be the first time that GM had raced in F1. The operation would be based in the US but have a ‘support facility’… Continue reading Cadillac announces bid to enter Formula 1 with Andretti
BYD sells nearly two million cars in 2022
Fast-growing Chinese vehicle manufacturer BYD enjoyed record success last year as its sales totalled 1.8 million – a 155% improvement on 2021’s figures. Few other firms have released their 2022 results at the time of writing but, for reference, Hyundai recorded 3.9 million sales globally and Kia recorded 2.9 million. Yet despite its relatively limited sales volume –… Continue reading BYD sells nearly two million cars in 2022
BMW confirms iDrive 9.0 for 2023
BMW has confirmed plans to introduce a ninth-generation version of its iDrive operating system in 2023, saying it will have updated touchscreen and voice-based functionality as well as a new “content-driven” interface that replaces the existing tile-based home screen with a 3D map-based layout. Set to launch in the second-generation BMW X2 before being rolled… Continue reading BMW confirms iDrive 9.0 for 2023
MPs call for 64mph speed limit and ban on urban Sunday driving
Speed limits on UK motorways should be reduced to 64mph or lower to save fuel and reduce emissions, MPs have suggested. It marks a drastic shift away from recent political discourse concerning speed limits, former prime minister Liz Truss having pledged in her Conservative Party leadership campaign to review and potentially scrap speed limits. The reduction is… Continue reading MPs call for 64mph speed limit and ban on urban Sunday driving
Harman showcases home-quality in-car technology
How people interact with cars is changing at a rapid pace, but in some respects, it hasn’t kept up with the expectations of modern consumers. That’s especially true of the screens in cars, which have lacked the clarity, colour and definition of not just TV screens but also smartphones. At the Consumer Electronics Show (CES) in Las Vegas,… Continue reading Harman showcases home-quality in-car technology