The so-called “hard Brexit” scenario will have disastrous consequences for the British car industry, according to a study by Deloitte. The radical version of Brexit will take the UK back ten years, at the height of the financial crisis. This is the conclusion drawn by the Deloitte study, published on February 8, 2018. In its… Continue reading Deloitte anticipates the disastrous impact of Brexit on cars
Tag: Manufacturing
Continental Eyes Entry Into Battery Production
3 hours ago by Mark Kane Continental Continental is entering the electric vehicle battery business, most likely through a consortium in order to better share the start-up cost of €3 billion ($3.5 billion USD) for the first plant to be set up in Europe. AllCharge Technology from Continental Makes EVs Fit for Any Type of Charging… Continue reading Continental Eyes Entry Into Battery Production
China’s electric car startup Byton to raise up to $400m at $1.2b valuation: Report
February 8, 2018 China’s electric vehicle (EV) startup unicorn Byton is targeting to raise $300-400 million from a Chinese government investment institution at a valuation of $1.2 billion, according to a China Money Network report. The deal, which is said to be in an advanced phase of negotiation, would be the second financing received by… Continue reading China’s electric car startup Byton to raise up to $400m at $1.2b valuation: Report
German car production stalled as union calls more 24 hour strikes
Workers attend a 24-hour strike by German industrial trade union IG Metall in Berlin, German. [Photo/Agencies] FRANKFURT – Car factories across Germany were at a standstill on Friday as industrial workers staged a third day of 24-hour strikes, focusing on plants owned by Mercedes-Benz, Porsche, Audi and BMW. The full-day walkouts were union IG Metall’s… Continue reading German car production stalled as union calls more 24 hour strikes
New facts, figures and a shade of grey revealed for McLaren Senna ahead of Geneva International Motor Show
McLaren Senna will makes its public debut on March 6, 2018 at the 88th Geneva International Motor Show Body design, rear wing and active aero front and rear are key to generating 800kg of downforce at 250km/h (155mph) Acceleration from 0-200kmh (124mph) in 6.8 seconds; 0-100km/h (62mph) in 2.8 seconds; maximum speed of 340km/h (211mph)… Continue reading New facts, figures and a shade of grey revealed for McLaren Senna ahead of Geneva International Motor Show
Mahindra Drives its Electric Range of Vehicles to Uttar Pradesh
Mahindra Drives its Electric Range of Vehicles to Uttar Pradesh Launches its range of all-electric vehicles – e2oPlus, eVerito and eSupro in Uttar Pradesh e-Alfa Mini, Mahindra’s electric rickshaw for passenger movement, was launched in Uttar Pradesh, in September, 2017 Vehicles to be available in Lucknow, Agra and Kanpur Lucknow, February 5, 2018: Mahindra &… Continue reading Mahindra Drives its Electric Range of Vehicles to Uttar Pradesh
MWC 2018: Continental Is Shaping the Future of Mobility
Continental will be unveiling innovative solutions and services at the Mobile World Congress in Barcelona Holistic connectivity is turning vehicles into smartphones on wheels Smart integration of mobile devices maximizes driver and user experience Barcelona, February 8, 2018. Starting in April 2018, every new car in Europe will have to be equipped with an integrated… Continue reading MWC 2018: Continental Is Shaping the Future of Mobility
Nissan reports nine-month results for fiscal year 2017
YOKOHAMA, Japan (February 8, 2018) – Nissan Motor Co., Ltd. today announced financial results for the nine-month period to December 31, 2017. Nissan generated an operating profit of 364.2 billion yen on net revenues of 8.53 trillion yen, equivalent to an operating margin of 4.3%. During the period, the Group’s performance was adversely impacted by… Continue reading Nissan reports nine-month results for fiscal year 2017
High demand: Electric cars barely to get
Hyundai Ioniq Electric (Image: Hyundai) First sell yourself electric cars bad, now the manufacturers can not deliver: the electric Smart, the E-Golf or the Hyundai Ioniq Electric are virtually impossible to get. Manufacturers often misjudged demand. Manufacturers can not keep up with the growing demand for electric cars. Customers have to wait a long time… Continue reading High demand: Electric cars barely to get
Exclusive: Electric Vehicle Firm Byton To Raise New Round From Chinese State Investor At $1.2B Valuation
China officially has five electric vehicle companies valued at US$1 billion or more, as China Money Network has learned that Byton, an EV start-up rooted in China, is currently seeking a new financing round at a minimum valuation of US$1.2 billion. Byton, previously known as Future Mobility Corp, last raised around US$200 million at a… Continue reading Exclusive: Electric Vehicle Firm Byton To Raise New Round From Chinese State Investor At $1.2B Valuation