Egypt is home to one of Africa’s largest vehicle fleets, with over 6 million cars (80% are passenger cars) on its roads. According to this finding, most are used cars; their ratio to new vehicles is 3:1. But the used cars market isn’t only enormous in Egypt; it is in almost every country with a… Continue reading Sylndr, an online used-car retailer, raises $12.6M pre-seed to disrupt Egypt’s automotive market
Tag: Recalls
@BMW: The New BMW M4 CSL: Extreme performance with Motorsport DNA001996
Woodcliff Lake, NJ – May 19, 2022…A legend is reborn. As its 50th birthday celebrations gather steam, BMW M GmbH is unveiling a very special limited edition model. The new BMW M4 CSL fuses old-school racing passion with innovative technology to create an inimitable performance experience. Its standalone character profile is rooted in two core… Continue reading @BMW: The New BMW M4 CSL: Extreme performance with Motorsport DNA001996
Meritor to Acquire Siemens Commercial Vehicles Electric Propulsion Business
Complementary Product Portfolio to Expand Technical Capability and Offerings TROY, Mich., May 20, 2022 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced that it has entered into an agreement with Siemens to acquire its Commercial Vehicles business for approximately €190 million in cash, adjusted for changes in working capital at closing. The transaction is expected… Continue reading Meritor to Acquire Siemens Commercial Vehicles Electric Propulsion Business
Honda redefines priorities for India two-wheeler business
Atsushi Ogata says HMSI needs to still relook at its overall cost structure given the recent transition from Bharat Stage IV to VI. Honda Motorcycle & Scooter India (HMSI) is in reboot mode. The Japanese two-wheeler maker recently announced its intent to make an all-new 100cc motorcycle clearly targeted at rural India. It has also decided… Continue reading Honda redefines priorities for India two-wheeler business
Tesla to recall over 100,000 vehicles in China
Tesla Model 3 sedans and Tesla Model X sport utility vehicle in Shanghai, China May 8, 2020. [Photo/Agencies] BEIJING – Electric carmaker Tesla will recall 107,293 vehicles in China from May 23 due to safety risks, said the website of China’s top watchdog on Monday. The recall, initiated by Tesla (Shanghai) Co Ltd, involves Model… Continue reading Tesla to recall over 100,000 vehicles in China
@Ford: Ford Motor Company Recalls Certain 2021 Model Year Ford Expedition and Lincoln Navigator SUVs for Potential Under Hood Fire Concern
DEARBORN, Mich., May 19, 2022 – Ford Motor Company is advising customers of certain 2021 Ford Expedition and Lincoln Navigator SUVs – built over a four-month period between late 2020 and early 2021 – to park their vehicles outside and away from structures while Ford investigates the cause of under hood fires. Responding to 16… Continue reading @Ford: Ford Motor Company Recalls Certain 2021 Model Year Ford Expedition and Lincoln Navigator SUVs for Potential Under Hood Fire Concern
Tesla releases new Full Self-Driving Beta update, and it’s a big one
Tesla has started to push a new Full Self-Driving (FSD) Beta software update with improvements based on over 250,000 training video clips from its fleet. Based on the release notes, it’s a big update. FSD Beta enables Tesla vehicles to drive autonomously to a destination entered in the car’s navigation system, but the driver needs… Continue reading Tesla releases new Full Self-Driving Beta update, and it’s a big one
‘Zoe’ equipped with LG Ensol’s batteries still ‘lively’ even after 10 years
French Renault co-developed life expectancy prediction method99% of the models, including the first generation, operate normally French Renault recently announced that more than 99% of all batteries installed in their ‘Zoe’ electric vehicle, which has been in the market since 2012, are operating normally, and all batteries, including early models, have maintained at least 70%… Continue reading ‘Zoe’ equipped with LG Ensol’s batteries still ‘lively’ even after 10 years
@Daimler: Mercedes-Benz USA Announces Voluntary Stop Drive Recall Campaign for Certain Model Year 2006-2012 ML, GL and R-Class Vehicles
ATLANTA–(BUSINESS WIRE)–Mercedes-Benz USA, LLC (“MBUSA”) announced today that Mercedes-Benz AG (the manufacturer of Mercedes-Benz vehicles), has determined that on certain Model Year (MY) 2006-2012 ML, GL and R-Class vehicles, the function of the brake booster might be affected by advanced corrosion in the joint area of its housing. As part of its commitment to customer… Continue reading @Daimler: Mercedes-Benz USA Announces Voluntary Stop Drive Recall Campaign for Certain Model Year 2006-2012 ML, GL and R-Class Vehicles
Rivian issues recall for R1T electric truck over faulty airbag sensors
Rivian is recalling some of its R1T electric pickup trucks over faulty airbag systems, according to a notice filed with the National Highway Traffic Safety Administration (NHTSA). The vehicle’s sensors in the front seat may not deactivate the airbag when a child occupies the front passenger seat, necessitating the recall. The recall covers 502 R1T… Continue reading Rivian issues recall for R1T electric truck over faulty airbag sensors