Two-wheeler major TVS Motor Co on Wednesday announced the acquisition of 100 percent stake in Germany-based BBT 35/22 Vermögensverwaltungs GmbH for 25,000 euros (Rs 31.57 lakh) in an all-cash deal. After the acquisition, the subsidiary company will be renamed Celerity Motor GmbH, TVS Motor said. “We wish to inform you that TVS Motor (Singapore) Pte.… Continue reading TVS Motor acquires 100% stake in BBT 35/22 Vermögensverwaltungs GmbH
Category: US Motoring Press
Royal Enfield opens its fourth overseas CKD assembly plant in Brazil
Royal Enfield, the global leader in the midsize (250cc-750cc) motorcycle segment, has opened a new chapter in its expansion in the Americas region. The company has commenced operations at its new CKD (completely knocked down) assembly plant in Brazil. This is a significant step forward in Royal Enfield’s plans in the Latin American region, more… Continue reading Royal Enfield opens its fourth overseas CKD assembly plant in Brazil
Skoda Enyaq iV vRS
Over the past decade or so, as EVs have become mainstream, we’ve observed manufacturers figuring various things out. Brake pedal feel still isn’t perfect, but some are getting there. They’ve settled on one design of charging port and most of them have realised that we want to control the level of regenerative braking with paddles.… Continue reading Skoda Enyaq iV vRS
How Ora will make Funky Cat a UK success
The European new car market is set to enter a period of dramatic upheaval as a wave of competitive new Chinese manufacturers look to establish a foothold in the region. Among them will be Nio, Xpeng, Zeekr, Aiways and – first of the non-legacy marques to land a car in UK dealerships – Great Wall… Continue reading How Ora will make Funky Cat a UK success
Ford Focus, Fiesta cars sit in shop for months, owners ‘ghosted’ by automaker
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Hidden coils under Detroit road may make electric vehicles more affordable, efficient
This content is only available to subscribers. Get unlimited digital access. $1 for 6 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. Access to exclusive sports reporting on your local teams from USA TODAY… Continue reading Hidden coils under Detroit road may make electric vehicles more affordable, efficient
Here’s how many GM dealers have signed up to build public EV chargers so far
General Motors said Wednesday it now has about 1,000 of its 4,450 dealers in North America enrolled in the Dealer Community Charging Program, an initiative aimed at doubling the number of Level 2 electric vehicle chargers across North America by 2026. GM also said it has selected EV-charging manufacturer FLO, based in Quebec City, Canada,… Continue reading Here’s how many GM dealers have signed up to build public EV chargers so far
Used vehicle demand and prices continue to decline from record highs
A pedestrian walks past a certified pre-owned car sales lot in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Images DETROIT – Wholesale prices of used vehicles reached their lowest level in more than a year last month, as retail sales decline amid interest rate hikes, rising new vehicle availability… Continue reading Used vehicle demand and prices continue to decline from record highs
Carvana shares tank as bankruptcy concerns grow for used car retailer
watch now Shares of Carvana plummeted by more than 40% during trading Wednesday after the embattled online used car retailer’s largest creditors signed a deal binding them to act together in negotiations with the company. The pact, as first reported by Bloomberg, includes creditors such as Apollo Global Management and Pacific Investment Management that hold… Continue reading Carvana shares tank as bankruptcy concerns grow for used car retailer
Ford’s top marketing executive is leaving the company
Ford Motor Co.’s top marketing executive is departing the company. The Blue Oval said in a statement Wednesday that Global Chief Marketing Officer Suzy Deering, who joined the company from eBay two years ago, will be leaving her role effective Friday. “We thank Suzy for her contributions to Ford and wish her all the best… Continue reading Ford’s top marketing executive is leaving the company