Over a year since Skoda debuted the second-generation Kodiaq SUV globally, the company has now unveiled a hot new RS version of the SUV. In line with the ‘RS’ badge, the sportier Kodiaq gets an uprated version of the 2.0-litre turbo-petrol engine and sharper styling over the regular model. Skoda Kodiaq RS: powertrain, chassis upgrades… Continue reading New Skoda Kodiaq RS unveiled
Category: US Motoring Press
Hot laps in the new 911 GT3: absolute peak Porsche?
After Porsche GT boss Andreas Preuninger has conducted the showbiz reveal, guests gather for passenger rides. We jostle for position on the asphalted paddock-veranda behind Porsche’s towering experience centre at Hockenheim; it being 7.30pm in mid-October, the unlit test track spread out below our high vantage point is in total darkness. Soon enough the vagaries… Continue reading Hot laps in the new 911 GT3: absolute peak Porsche?
Renault Embleme due in 2028 as first of radical new EV family
Ampere has worked with Renault’s EV platform developers to design a new cell-to-pack battery arrangement to compensate for the inherent reduced efficiency of LFP compared with NMC, so the cost reduction won’t be accompanied by any drop in energy output. The company will boost that cost reduction to 50% (compared with today) by 2028, with… Continue reading Renault Embleme due in 2028 as first of radical new EV family
Nissan primes Renault Twingo twin for Europe
Nissan is in the early stages of developing an electric city car for Europe, twinned with the upcoming Renault Twingo EV. The Japanese firm has begun talks with Alliance partner Renault’s Ampere EV division about the development of an ‘A-segment’ EV based on the Ampr Small platform that underpins the forthcoming Twingo (as well as the larger… Continue reading Nissan primes Renault Twingo twin for Europe
Carvana raises 2024 earnings guidance after topping Wall Street’s Q3 expectations
A Carvana sign and signature vending machine in Tempe, Arizona. Michael Wayland | CNBC Carvana on Wednesday raised its 2024 earnings guidance after the online used-car retailer significantly topped Wall Street’s third-quarter expectations. Here’s how the company performed in the third quarter, compared with average estimates compiled by LSEG: Earnings per share: 64 cents vs. 25… Continue reading Carvana raises 2024 earnings guidance after topping Wall Street’s Q3 expectations
CNBC Daily Open: Everyone gave Reddit an upvote
The New York Stock Exchange welcomes Reddit, Inc. (NYSE: RDDT) to celebrate its initial public offering. To honor the occasion, Snoo, rings the Opening Bell®. NYSE 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 where… Continue reading CNBC Daily Open: Everyone gave Reddit an upvote
China’s Xiaomi delivers 20,000 EVs in October, just months after launching its first car
Chinese smartphone company Xiaomi on Tuesday announced a sports car version of its SU7 electric sedan would begin preorders for the equivalent of more than $110,000. Luna Lin | Afp | Getty Images BEIJING — China’s Xiaomi said Tuesday that it had delivered more than 20,000 SU7 EVs in October as it ramps up production… Continue reading China’s Xiaomi delivers 20,000 EVs in October, just months after launching its first car
Its bumper Diwali for carmakers in 2024, amid a slow year
Carmakers’ decision to build up inventory ahead of the festive season is paying off, with passenger vehicle registrations reaching a record 425,000 units as of October 29, according to Vahan data. The record marks a 27% increase from last year’s daily registration rate in October, with the potential to approach 450,000 units by the month’s… Continue reading Its bumper Diwali for carmakers in 2024, amid a slow year
Fuel duty frozen but ICE car buyers face big VED hike
Fuel duty has been frozen for another year, chancellor Rachel Reeves has announced in the Autumn Budget. The current rate of 52.95p per litre will be retained through 2025-2026. Reeves said: “I have concluded that in these difficult circumstances, while the cost of living remains high, and with the backdrop of global uncertainty, increasing fuel duty would… Continue reading Fuel duty frozen but ICE car buyers face big VED hike
Stellantis announces organisational changes under CEO Carlos Tavares
Leading global automaker and provider of innovative mobility solutions Stellantis has announced several leadership changes to drive performance and simplify the organisation. Antonio Filosa who succeeded Carlos Zarlenga has been appointed North America Chief Operating Officer in addition to his role as Jeep® brand CEO, Jean-Philippe Imparato has been appointed Chief Operating Officer Enlarged Europe… Continue reading Stellantis announces organisational changes under CEO Carlos Tavares