Lucid Gravity Grand Touring SUV Lucid Electric vehicle startup Lucid Group is counting on its upcoming Gravity SUV to assist the automaker in a “significant increase” in sales volumes to narrow the company’s losses, according to CEO Peter Rawlinson. The Gravity is Lucid’s second vehicle following the Air sedan, which the luxury EV manufacturer has… Continue reading Lucid has high expectations for new Gravity SUV as customer orders set to open
Category: US Motoring Press
CNBC Daily Open: Stocks are approaching the hottest period of the year
The Wall Street bronze Bull looks out to an empty Broadway in Lower Manhattan, New York, on Aug. 28, 2011, as Hurricane Irene hits the city and tri-state area with rain and high winds. Stan Honda | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily… Continue reading CNBC Daily Open: Stocks are approaching the hottest period of the year
CNBC Daily Open: Stocks are entering the hottest period of the year
A pedestrian passes in front of a statue of a bull in the Wall Street area in New York City. Doug Kanter | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter… Continue reading CNBC Daily Open: Stocks are entering the hottest period of the year
Maruti Suzuki flags pressure in urban demand
Not only consumer electronics and FMCG companies, but also carmakers have observed a weakening of consumer sentiment in urban markets. Today, India’s largest passenger car maker Maruti Suzuki flagged the sluggish consumer demand from the urban part of the market. However, the rural market demand remains strong. “Rural market is doing pretty well. In the… Continue reading Maruti Suzuki flags pressure in urban demand
Maruti Suzuki to clock highest-ever October retail sales with over 2 lakh units
India’s largest passenger car maker Maruti Suzuki India Ltd is set to clock a new record in its October retail sales this time, on the back of robust demand in the peak festival season. Unlike previous years, this year, Navratri, Dhanteras and Diwali, all fall in a single month. “This month, we are going deliver at… Continue reading Maruti Suzuki to clock highest-ever October retail sales with over 2 lakh units
Weakness in sub-Rs 10 lakh market a cause of worry, says Maruti Suzuki’s Bhargava
RC Bhargava, the chairman of India’s largest passenger car maker Maruti Suzuki India, today expressed concern over the degrowth in sales in the sub-Rs 10 lakh car segment, and said it is a cause of worry for the passenger vehicle industry. “The market under Rs 10 lakh is not growing. In fact, it is declining and… Continue reading Weakness in sub-Rs 10 lakh market a cause of worry, says Maruti Suzuki’s Bhargava
Maruti Suzuki results: Analysts anticipate continued weakness
The shares of Maruti Suzuki, India’s leading passenger car manufacturer, experienced significant volatility, reaching an eight-month low with the stock falling to an intraday low of Rs 10,782.00 per share, representing a decline of 6.11% due to a notable 17.4% reduction in profits. By the end of the trading day, Maruti Suzuki’s shares rebounded slightly,… Continue reading Maruti Suzuki results: Analysts anticipate continued weakness
Xiaomi SU7 Ultra is 1527bhp super-saloon with Prodrive engineering
Chinese car maker Xiaomi has revealed the SU7 Ultra, a Porsche Taycan Turbo GT rival with with Prodrive engineering and 1527bhp on tap. Utilising a tri-motor powertrain, the four-wheel-drive super-EV can hit 62mph in 1.98sec and go all the way to 207mph. It has already become the fastest production four-door saloon to lap the Nürburgring Nordschleife. Initially… Continue reading Xiaomi SU7 Ultra is 1527bhp super-saloon with Prodrive engineering
Audi A6 E-tron gets £7k price cut with new entry-level model
Audi has introduced a new variant of the A6 E-tron that cuts the executive EV’s starting price by £7400. It swaps the 362bhp motor and 94.9kWh battery featured in the previous entry-level A6, the Performance, for units with 322bhp and 75.8kWh of capacity. This decreases its range from 463 miles to 382 miles in the… Continue reading Audi A6 E-tron gets £7k price cut with new entry-level model
Porsche 911 Carrera T returns with 389bhp for £111k
The new Porsche 911 Carrera T has been revealed as the most affordable driver-focused version of the brand’s venerable sports car. Priced from £111,300, it’s available exclusively with a six-speed manual gearbox and features a number of weight-saving measures, such as lightweight windows and reduced sound insulation. As such, the Carrera T is some 40kg lighter… Continue reading Porsche 911 Carrera T returns with 389bhp for £111k