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@Geely-Volvo: Volvo Cars executes on its strategic ambitions – divests its holding in Aurobay to Geely Holding

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Renault and Geely to set up new global company for next-gen powertrains

Geely Holding Group (Geely Holding), Geely Automobile Holdings and the Renault Group have signed a non-binding framework agreement to create a new global leader to develop, manufacture and supply best-in-class hybrid powertrains and highly efficient internal combustion powertrains (ICE). On completion, the new company will be a standalone global supplier of complete ICE solutions, producing next-generation hybrid propulsion systems and… Continue reading Renault and Geely to set up new global company for next-gen powertrains

Volvo Cars divests its stake in engine maker Aurobay to Geely

Volvo Cars, which is aiming to go fully electric by 2030, has divested its 33 percent holding in Aurobay to Geely Holding. Aurobay, which develops and produces powertrain solutions for a global market, is a global supplier of propulsion technology, development services and contract manufacturing with manufacturing capabilities in two continents. It produces high-efficiency,… Continue reading Volvo Cars divests its stake in engine maker Aurobay to Geely

Clean Technica: UK BEV Volume Up YoY Despite Tesla Mid-Quarter Restocking002362

The UK auto market saw plugin electric vehicles take 21.5% share in October, with growing year on year volumes. Despite volume gain, YoY plugin share saw a slight dip (from 23.1%), against greater YoY gains in overall auto volume, up 26% to 134,344 units (from a record low baseline). October market volume was still at… Continue reading Clean Technica: UK BEV Volume Up YoY Despite Tesla Mid-Quarter Restocking002362

From Teslas to BMWs, cars are piling up on land and at sea in German port of Bremerhaven

Krisztian Bocsi | Bloomberg | Getty Images The Port of Bremerhaven, the main roll on/roll off port in Germany and one of the largest automobile hubs in the world, is experiencing gridlock. The combination of the lack of drivers to move containers and cars out of the port and high volumes of regular trade is… Continue reading From Teslas to BMWs, cars are piling up on land and at sea in German port of Bremerhaven

The Worldwide Electric Commercial Vehicle Industry is Expected to Reach $279+ Billion by 2028

DUBLIN, Nov. 7, 2022 /PRNewswire/ — The “Global Electric Commercial Vehicle Market By Vehicle Type, By Propulsion Type, By Region Competition Forecast & Opportunities, 2027” The global electric commercial vehicle market stood around USD 85,759 million in 2021 and is estimated to reach USD 278,583 Million by 2027, registering a CAGR of 22.02%. Rapidly increasing… Continue reading The Worldwide Electric Commercial Vehicle Industry is Expected to Reach $279+ Billion by 2028

Auto Roundup: Key Tidbits From Q3 Reports of GT, CMI, LEA, CVNA & TEN

Last week, many auto biggies released U.S. vehicle sales data for the month of October 2022. Among the automakers that revealed monthly sales numbers, Toyota, Mazda, Hyundai, Kia, Subaru and Volvo registered year-over-year gains, while Ford and Honda posted a decline in sales. Per Motor Intelligence, the seasonally adjusted annualized rate of sales reached 15.28… Continue reading Auto Roundup: Key Tidbits From Q3 Reports of GT, CMI, LEA, CVNA & TEN

Auto Roundup: Key Tidbits From Q3 Reports of GT, CMI, LEA, CVNA & TEN

Renault’s talks with Geely complicated by Nissan’s concerns about tech transfer

Nissan Motor Co’s concerns about technology transfers have complicated its partner Renault’s plans to sell a large stake in its gasoline-engine business to China’s Geely, three people familiar with the talks said. Renault is pursuing a complex two-pronged restructuring. On one hand, it is aiming to revamp its alliance with Nissan and convince the Japanese automaker to invest in a new electric car unit called… Continue reading Renault’s talks with Geely complicated by Nissan’s concerns about tech transfer

What You Need To Know About The Infamous Noble M600 – HotCars

Lee Noble founded Noble Automotive in 1999 as a low-volume British sports car manufacturer. The firm manufactures rear-wheel-drive, high-performance sports cars with a mid-engine layout. Noble M10 (1999 to 2000), Noble M12 (2000 to 2008), Noble M400, Noble M14, Noble M15, Noble M600, and Noble M500 are the seven models the company has manufactured since… Continue reading What You Need To Know About The Infamous Noble M600 – HotCars