indiGO Auto Group Acquires Ferrari Silicon Valley

“We are excited to further indiGO’s line up of luxury automotive dealerships with the addition of Ferrari. It has been a dream to have Ferrari in our portfolio since our inception, and today that dream became a reality,” noted Wolf. “We look forward to bringing our concierge style, white-glove service to the Silicon Valley and… Continue reading indiGO Auto Group Acquires Ferrari Silicon Valley

Aston Martin to hold internal inquiry after ‘sockpuppet PR firm’ row

The boss of Aston Martin has called for an internal investigation after the British carmaker was accused of using a “sockpuppet PR firm” to legitimise a report which used data criticised as misleading to discredit electric vehicles. The new chief executive, Tobias Moers, said Aston Martin’s involvement in the widely discredited report began before he… Continue reading Aston Martin to hold internal inquiry after ‘sockpuppet PR firm’ row

Aston Martin to offer combustion engines beyond 2030

Aston Martin will continue to make cars powered solely by an internal combustion engine beyond 2030. Aston chairman Lawrence Stroll, speaking at the Financial Times Future of the Car Summit, said there were “always going to be enthusiasts” who would want cars powered solely by internal combustion engines (ICE), and Aston would cater for them.… Continue reading Aston Martin to offer combustion engines beyond 2030

Aston Martin shareholders green light third capital injection this year

By Reuters Staff 2 Min Read FILE PHOTO: Aston Martin DBX, the company’s first sport utility vehicle, is displayed at its global launch ceremony in Beijing, China November 20, 2019. REUTERS/Jason Lee/File Photo (Reuters) -Aston Martin said on Friday its shareholders approved a plan to inject 125 million pounds ($168.09 million) in new capital as… Continue reading Aston Martin shareholders green light third capital injection this year

Aston Martin shareholders approve 125-mln-pound capital injection

By Reuters Staff 1 Min Read FILE PHOTO: Aston Martin DBX, the company’s first sport utility vehicle, is displayed at its global launch ceremony in Beijing, China November 20, 2019. REUTERS/Jason Lee/File Photo (Reuters) – Aston Martin said on Friday its shareholders approved the luxury car maker’s plans to inject 125 million pounds in new… Continue reading Aston Martin shareholders approve 125-mln-pound capital injection

Aston Martin boss distances himself from questionable EV report

Aston Martin Lagonda Global Holdings Plc is reviewing how a report was commissioned that researchers criticized for making inaccurate comparisons of the climate harm caused by cars powered by batteries and combustion engines. Tobias Moers, Aston Martin’s chief executive officer, said the report the carmaker compiled along with some of its peers predated him joining… Continue reading Aston Martin boss distances himself from questionable EV report

Electric hypercar maker Rimac says SPAC funding hype could damage industry

By Reuters Staff 3 Min Read FRANKFURT (Reuters) – A surge in the use of special purpose acquisition companies (SPAC) for raising money for electric vehicle start-ups could harm the long-term prospects of the industry, Mate Rimac, founder of electric hypercar maker Rimac, said on Thursday. FILE PHOTO: A 2019 Rimac C2 Hyper car, valued… Continue reading Electric hypercar maker Rimac says SPAC funding hype could damage industry

Aston Martin in row over ‘sock puppet PR firm’ pushing anti-electric vehicle study

Aston Martin is at the centre of a climate lobbying controversy after a study co-commissioned by the company that cast doubt on the green credentials of electric vehicles was found to have been attributed to a PR company registered to the wife of a director at the luxury carmaker. The study, which has since been… Continue reading Aston Martin in row over ‘sock puppet PR firm’ pushing anti-electric vehicle study

Jaguar seeks to block US imports of Porsche, Audi SUVs

Land Rover was among the first automakers to forge a path in the highly profitable market for luxury sport utility vehicles, simplifying the technology for affluent but inexperienced off-road drivers. But the foreign-made rivals in the British company’s rearview mirror have grown closer than they might appear. On Thursday, Jaguar Land Rover Automotive Plc asked… Continue reading Jaguar seeks to block US imports of Porsche, Audi SUVs