Tag: People

Former Lotus boss opens new Ares Design headquarters in Modena

Dany Bahar, chief executive of Lotus from 2009 to 2012, is using a former Fiat and Alfa Romeo dealership building for his new company Former Lotus boss Dany Bahar has officially opened an impressive new headquarters in Modena, Italy, for Ares Design, the customisation and coachbuilding company he set up In 2014, soon after leaving… Continue reading Former Lotus boss opens new Ares Design headquarters in Modena

Record engine production in 2017 as demand grows, home and abroad

British engine manufacturing rises 6.9% to all-time high of 2.7 million units in 2017.1 Home demand sees fastest growth – up 9.7%, while global demand rises to almost 1.5 million units. UK engine manufacturing now worth £8.5bn, supporting 8,000 British jobs – 3,350 in diesel engine production alone. Mike Hawes, SMMT Chief Executive, said, This… Continue reading Record engine production in 2017 as demand grows, home and abroad

Volkswagen draws first consequences as a result of animal tests

News Personnel Announcements News Group Wolfsburg, 30 January 2018 Volkswagen draws first consequences as a result of animal tests Volkswagen has drawn the first consequences in connection with the animal tests financed by the European Research Group on Environment and Health in the Transport Sector (EUGT e.V., Europäische   …more

Brand new Aston Martin dealership to open in China 

Flagship showroom and service centre to open in Wuhan New dealership part of significant investment in Chinese market​ 31 January 2018, Wuhan, China:  A brand new flagship Aston Martin dealership will launch in Wuhan, China later this year. The 500m2 two-floor showroom will welcome customers from the centre of China to browse a state-of-the-art display… Continue reading Brand new Aston Martin dealership to open in China 

2017 UK car manufacturing declines by -3% but still second biggest output since turn of the century

1.67m cars built in the UK in 2017, a decline of -3.0% with production for domestic demand down -9.8%. Car exports remain at historically high level, down just -1.1% with 1.34m shipped worldwide – 79.9% of total production. British engine manufacturing at record-ever levels, with 2.72m produced, up 6.9% on 2016. SMMT restates need for… Continue reading 2017 UK car manufacturing declines by -3% but still second biggest output since turn of the century

Faraday Future Claims Ex-CFO Stole Trade Secrets From Electric Car Company

Faraday Future, the Los Angeles based electric car company run by China’s Jia Yueting, who also founded LeEco, has filed a lawsuit against Evelozcity, a start-up founded by its former chief financial officer Stefan Krause, for allegedly stealing trade secrets. Faraday Future also accused Krause and former CTO Ulrich Kranz of luring away at least 20… Continue reading Faraday Future Claims Ex-CFO Stole Trade Secrets From Electric Car Company

Nuro Raises $92 Million for Adorable Autonomous Delivery Vehicles

Somewhere between a delivery truck and a sidewalk robot, Nuro’s robotic vehicles want to deliver your groceries Photo: Nuro It seems like we’ve gotten to the point with self-driving vehicles where it’s no longer enough to “just” be developing a car that could at some point be used as an autonomous rideshare vehicle. That space… Continue reading Nuro Raises $92 Million for Adorable Autonomous Delivery Vehicles

Electric Vehicle Manufacturer XPENG Motors kicks off RMB 2.2 Billion of Series B Capital Funding with Alibaba, Foxconn and IDG Capital, as Joint-Major Investors

HONG KONG, Jan. 29, 2018 /PRNewswire/ — XPENG Motors on Monday announced at a Hong Kong press conference the kick-off of its Series B capital funding of  RMB 2.2 billion, with Alibaba Group, Foxconn and IDG Capital as three  major investors. That will bring the total raised by XPENG Motors in capital market to over… Continue reading Electric Vehicle Manufacturer XPENG Motors kicks off RMB 2.2 Billion of Series B Capital Funding with Alibaba, Foxconn and IDG Capital, as Joint-Major Investors