TVR has gained a minority shareholder in the form of the Welsh government, which now owns three per cent of the revived British sports car manufacturer. Accounts filed at Companies House last month revealed that the Welsh government has spent £500,000 on acquiring the three per cent stake in TVR, with the Welsh taxpayer providing… Continue reading Welsh Government purchases three per cent stake in TVR
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Grab announces acquisition of Bangalore-based payments startup iKaaz
Bangalore, 17 January 2018 – Grab, the leading on-demand transportation and mobile payments platform in Southeast Asia, today announced it has acquired Bangalore-based payments startup iKaaz. The rich functionality of iKaaz’ mobile payments platform and its experienced leadership team will accelerate feature development and partner integration of GrabPay, Grab’s payments platform. Already Southeast Asia’s #1… Continue reading Grab announces acquisition of Bangalore-based payments startup iKaaz
Most new cars must be electric by 2030, ministers told
Media playback is unsupported on your device Three-fifths of new cars must be electric by 2030 to meet greenhouse gas targets, ministers have been warned. Homes also need to be built to a higher standard, the Committee on Climate Change – the official watchdog – says. The government says the UK is cutting emissions faster… Continue reading Most new cars must be electric by 2030, ministers told
VW announces new sales record
Was there something wrong with the crisis? The brands of the VW empire delivered more vehicles last year than ever before. The largest carmaker in the world thus increases the distance to the number two Toyota. VW Jetta at the auto show in Detroit Wednesday, 17.01.2018 08:57 clock Of the VolkswagenGroup has delivered more vehicles… Continue reading VW announces new sales record
Press Releases – Honda Motor Europe joins European Automobile Manufacturers’ Association
Brussels, 17 January 2018 – The European Automobile Manufacturers’ Association (ACEA) welcomes Honda Motor Europe as its newest member. Following the approval of ACEA’s Board of Directors last month, Honda’s membership of the trade association took effect on 1 January. ACEA now represents the 15 major Europe-based car, van, truck and bus manufacturers. The other… Continue reading Press Releases – Honda Motor Europe joins European Automobile Manufacturers’ Association
Swedish engine plant is Volvo Cars’ first climate-neutral manufacturing site
Swedish engine plant is Volvo Cars’ first climate-neutral manufacturing site Volvo Cars’ engine factory in Skövde, Sweden, has become the company’s first climate-neutral manufacturing plant, having switched to renewable heating as of 1 January 2018. Skövde is the first plant in Volvo Cars’ global manufacturing network to reach this status, which marks a… Continue reading Swedish engine plant is Volvo Cars’ first climate-neutral manufacturing site
Ford Cutting Loose From Cars After Years of Missing Margin Goal
Ford Motor Co., the more than century-old company that was first to make cars for the masses, is calling off its pursuit of everyman sedan buyers. The company responsible for putting the world on wheels with Henry Ford’s then-innovative assembly line will pivot away from being a full-line automaker, shrinking its passenger-car lineup and shifting… Continue reading Ford Cutting Loose From Cars After Years of Missing Margin Goal
Volkswagen Group deliveries reach all-time high
The Volkswagen Group delivered more vehicles than ever before in fiscal year 2017: 10.74 million customers worldwide chose a vehicle from the Volkswagen Group. As a result, Group deliveries rose 4.3 percent compared with the previous year. At almost one million units, deliveries in December were up by a clear 8.5 percent. Matthias Müller, CEO of the… Continue reading Volkswagen Group deliveries reach all-time high
Cadillac will follow XT4 with a larger, third-row crossover in early 2019
CLOSE From sleek new sports cars to hefty trucks, the international auto show had something for everyone. USA TODAY Buy Photo A 2018 Cadillac XT5 Platinum Edition is seen on display on Tuesday, January 16, 2018 during the 2018 North American International Auto Show at Cobo Center in Detroit. (Photo: Ryan Garza, Detroit Free Press)Buy… Continue reading Cadillac will follow XT4 with a larger, third-row crossover in early 2019
Mazda Leads Manufacturer Adjusted Fuel Economy in US Environmental Protection Agency Report for Fifth Consecutive Year
2018/01/17 Products and Technology HIROSHIMA, Japan-Mazda Motor Corporation has announced that the Light Duty Fuel Economy Trends Report,1 released by the US Environmental Protection Agency (EPA) on Jan. 12, 2018, lists the company as having the highest overall Manufacturer Adjusted Fuel Economy for the 2016 model year. 2 Mazda receives the first-place ranking for the… Continue reading Mazda Leads Manufacturer Adjusted Fuel Economy in US Environmental Protection Agency Report for Fifth Consecutive Year