New car registrations up 28%, but chip shortage stunts growth

The UK’s new car market continued its post-pandemic recovery in June, the latest figures from the Society of Motor Manufacturers and Traders reveal, but semiconductor supply issues hampered a stronger bounce back. A total of 186,128 new cars were registered in June, which represents a 28% improvement on the same period in 2020, when dealerships were… Continue reading New car registrations up 28%, but chip shortage stunts growth

German Handelsblatt: Interview with Oliver Blume: Porsche takes over Bugatti: “The brand doesn’t really fit VW” 002365

Oliver Blume The Porsche boss expects the joint venture at Bugatti to give new momentum to electric cars. (Photo: Porsche) Stuttgart The sports car manufacturer Porsche is pushing its business with electric cars, but does not want to completely forego the business with the internal combustion engine. “The focus is on the electrification of our… Continue reading German Handelsblatt: Interview with Oliver Blume: Porsche takes over Bugatti: “The brand doesn’t really fit VW” 002365

Hyundai Transys develops EV AWD disconnector technology

The EV AWD disconnector system is a device attached to the EV system’s reducer, disconnecting or connecting motors and drive shafts according to the environment. Hyundai Transys has successfully developed the first electric vehicle (EV) all-wheel drive (AWD) disconnector system in the world, entering mass production starting May 2021. The EV AWD disconnector system is… Continue reading Hyundai Transys develops EV AWD disconnector technology

Gestamp triples net profit to 51m euros in Q1 2021

Gestamp, the multinational company specialised in the design, development and manufacture of highly engineered metal components for the automotive industry, has reached 51 million euros of Net Income (vs 14m euros in Q1 2020 and 41m euros in Q1 2019, respectively), recovering and surpassing pre-Covid levels. As per the company’s Q1 financial results presented today,… Continue reading Gestamp triples net profit to 51m euros in Q1 2021

@Geely: LEVC launches new VN5 electric van in Europe

Following a UK launch last November, LEVC (London Electric Vehicle Company) is now launching its new electric van, VN5, in Europe.Designed, engineered and manufactured at LEVC’s award winning production plant in Ansty, Coventry – the UK’s only dedicated electric vehicle factory – VN5 can enhance the green footprint of any business. LEVC’s VN5 uses of… Continue reading @Geely: LEVC launches new VN5 electric van in Europe

German Manager Magazin: Nissan and Envision AESC build battery factory in Sunderland, England000917

The Japanese auto company Nissan wants to invest heavily in its plant in Sunderland, England, despite Brexit. A new electric car is to be produced there in the future. Nissan and its Chinese partner Envision AESC also want to build a completely new plant for batteries in the city. The plant with a capacity of… Continue reading German Manager Magazin: Nissan and Envision AESC build battery factory in Sunderland, England000917

German Manager Magazin: Volkswagen: Strongest US business in one quarter since 1973000917

After the slump in the Corona crisis, car sales come into the United States back on the road – German manufacturers also benefit greatly from this. Volkswagen According to information from Thursday, 120,520 new cars with the VW logo were sold in the important US market in the second quarter. That was 72 percent more… Continue reading German Manager Magazin: Volkswagen: Strongest US business in one quarter since 1973000917

@Geely: Mon 05 Jul 2021The era of Emira is about to beginAll-new Lotus sports car unveiled on Tuesday 6 July Read more

(Hethel, UK – 5 July 2021) – One of the most eagerly anticipated new car launches of the year will take place tomorrow as the covers come off the all-new Lotus Emira. The perfect illustration of the ongoing transformation of the Lotus business and brand, the Emira is an all-new mid-engined premium sports car that… Continue reading @Geely: Mon 05 Jul 2021The era of Emira is about to beginAll-new Lotus sports car unveiled on Tuesday 6 July Read more

German Handelsblatt: Volkswagen: VW draws level with Tesla: Car maker starts wireless software updates

Interior of an ID.3 from Volkswagen The new software updates turn the screen on the dashboard into a control center. (Photo: Volkswagen) Wolfsburg What Tesla has been able to do for years, Volkswagen finally wants to be able to do. The Wolfsburg-based company is slowly approaching the topic of comprehensive software updates “over the air”… Continue reading German Handelsblatt: Volkswagen: VW draws level with Tesla: Car maker starts wireless software updates

Aston Martin Valkyrie AMR Pro unveiled as 1,000bhp track weapon

Aston Martin has confirmed some new specifications for the Valkyrie AMR Pro, including some new details on its 1,000bhp V12 engine and track-developed chassis.  Production of the track-only hypercar will be limited to just 40 units with the first deliveries scheduled to arrive at the end of the year. Like the road-going Valkyrie, this track… Continue reading Aston Martin Valkyrie AMR Pro unveiled as 1,000bhp track weapon