The Battista is now undergoing a rigorous track testing programme under the guidance of ex-Formula 1 and Formula E racer Nick Heidfeld. The Battista’s makers claim that it’s the most powerful road-legal car ever produced in Italy, with a motor for each wheel that, collectively, deliver up to 1900bhp and 1696lb ft. Pininfarina says that will be good… Continue reading Special edition Pininfarina Battista to mark firm’s 90th anniversary
Tag: Contract Manufacturer
Magna Announces Fourth Quarter and 2019 Results and Raises Quarterly Cash Dividend per Share by 10%
Fourth Quarter 2019 HighlightsCash from operations increased to $1.70 billion, despite lower sales and earningsReturned $365 million to shareholders through share repurchases and dividendsRaised quarterly cash dividend by 10% to $0.40 per shareFull Year 2019 HighlightsRecord cash from operations of $3.96 billion, despite lower sales and earningsReturned approximately $1.7 billion to shareholders through share repurchases and… Continue reading Magna Announces Fourth Quarter and 2019 Results and Raises Quarterly Cash Dividend per Share by 10%
VDL Celebrates 50 Million Electric Kilometers Driven
The Dutch bus manufacturer VDL Bus & Coach just reached a major milestone of 50 million electric kilometers (31 million miles) covered by its battery-electric buses. Between 2015 and 2019, the company delivered some 670 electric buses to customers in over 40 cities in 10 countries, which stands for about 22% of the total number of… Continue reading VDL Celebrates 50 Million Electric Kilometers Driven
Lister Storm II hypercar teased, with a switch from V12 to electric – Autoblog
Two years ago, the revamped Lister Motor Company dished out sketches for a Storm II hypercar. The name was a nod to the 1993 Le Mans race car and road derivative created by another incarnation of Lister in 1993, which housed a Jaguar XJR-9-derived 7.0-liter V12 amidships producing 546 horsepower. The tentative plan in 2018… Continue reading Lister Storm II hypercar teased, with a switch from V12 to electric – Autoblog
Jaguar halts production of electric I-Pace due to shortage of batteries – This is Money
Within a week of Boris Johnson’s announcement that Britons will have no choice but to buy new electric cars from 2035, Jaguar has suffered battery supply issues for its I-Pace. Outputs of the £61,000 pure electric I-Pace at Jaguar’s Graz factory in Austria have been put on hold because of a shortage of lithium-ion batteries to… Continue reading Jaguar halts production of electric I-Pace due to shortage of batteries – This is Money
Fourth Quarter & Year End 2019 Results Conference Call
AURORA, Ontario, Feb. 05, 2020 (GLOBE NEWSWIRE) — Magna International Inc. (TSX:MG) (NYSE:MGA)INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com 905-726-7035TELECONFERENCE CONTACTNancy Hansford, Executive Assistant, Investor Relationsnancy.hansford@magna.com 905-726-7108 Go to Source
BMW delays next generation Mini due to Brexit uncertainty, costs
* BMW extends lifespan of its Mini platform
* Brexit uncertainty hampers ability of BMW to invest in Britain
* Mini is also produced in the Netherlands (Adds detail)
FRANKFURT, Jan 31 (Reuters) – BMW has delayed the development of its next generation Mini as it seeks to cut costs and as uncertainty over Britain's trade relations with the European Union make long-term investment decisions harder.
The German carmaker has developed three generations of the Mini since buying the marque from Rover Group in 1994, keeping each vehicle in the market for about six years.
The current Mini hatch model, which has been on the market since 2014, is built on the company's technological platform called UKL1.
“The lifespan of this platform has been extended,” BMW spokesman Maximilian Schoeberl told Reuters. “For cost reasons and because of Brexit.”
Pressure has risen on carmakers to free up resources so they can shoulder hefty investments to build next generation low emission electric, hybrid..
Exclusive: BMW delays next generation Mini due to Brexit uncertainty, costs
FRANKFURT (Reuters) – BMW (BMWG.DE) has delayed the development of its next generation Mini as it seeks to cut costs and as uncertainty over Britain’s trade relations with the European Union make long-term investment decisions harder. FILE PHOTO: BMW i8 is displayed at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019.… Continue reading Exclusive: BMW delays next generation Mini due to Brexit uncertainty, costs
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Duis tortor leo, ultrices non pretium in, tristique eget massa. Curabitur porta felis placerat dolor pharetra, id suscipit justo blandit. Duis pellentesque varius mauris, eu tincidunt elit. Pellentesque porta turpis et erat aliquam rhoncus. Morbi ac rhoncus urna. Interdum et malesuada fames ac ante ipsum primis in faucibus. Proin tellus ex, lobortis eget vestibulum quis,… Continue reading Neque porro quisquam est qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit
Tata AutoComp, Prestolite Electric Beijing ink JV for electric powertrain supply solutions
L-R: Arvind Goel, MD and CEO, Tata AutoComp Systems and Charles Lu, Chairman, Broad Ocean Motor Group. Tata AutoComp Systems, has signed a joint venture (JV) with China’s Prestolite Electric Beijing to design, engineer, manufacture and supply powertrain solutions for the electric vehicle industry in India. Prestolite Electric is owned by the Broad Ocean Motor… Continue reading Tata AutoComp, Prestolite Electric Beijing ink JV for electric powertrain supply solutions