Tesla Plunges After a Bizarre Conference Call

Elon Musk told investors not to buy Tesla Inc. shares if they can’t stomach volatility. They got the message. The comments — part of a bizarre, heated conference call after the close Wednesday — sent the electric-car maker’s stock plunging. Tesla fell as much as 8.6 percent Thursday after the chief executive officer rejected analysts’… Continue reading Tesla Plunges After a Bizarre Conference Call

Brabham BT62: 700bhp track-only hypercar revealed

The new Brabham BT62, a McLaren Senna-rivalling 700bhp track-only hypercar, has been launched at Australia House in London, with its maker claiming the car will “reward like no other”. Priced at £1 million before taxes and options, the BT62 is the first car from Brabham Automotive, which is run by former Formula 1 racer and… Continue reading Brabham BT62: 700bhp track-only hypercar revealed

McLaren Automotive North America celebrates 5000th car milestone

McLaren North America retails its 5000th car: 570S Spider in Silica White delivered to California customer North America continues to lead as McLaren Automotive’ s single largest market with over a third of global volume Continued sales growth, announcement of new models and additional retail partners expected in 2018 McLaren Automotive North America is celebrating… Continue reading McLaren Automotive North America celebrates 5000th car milestone

28/2017,                    Christiane Benner calls for a broad alliance to shape the digital transformation

Cologne – Christiane Benner, Second Chairwoman of the IG Metall, has called on employers and politicians to shape the societal change that is to be expected as a result of digitization together with IG Metall. The unionist criticized employers’ lack of ideas: “More than two-thirds of executives say they have no idea what digitization is… Continue reading 28/2017,
                   Christiane Benner calls for a broad alliance to shape the digital transformation

Aston Martin thinks F1 could use it against Ferrari quit threat

Aston Martin believes Formula 1 can use its intention to become an engine supplier in 2021 as a bargaining chip against Ferrari’s threats to quit the championship. F1’s owner revealed its blueprint for the series’ future at the Bahrain Grand Prix, including plans for simpler, cheaper, louder and more powerful engines than the current V6… Continue reading Aston Martin thinks F1 could use it against Ferrari quit threat

2020 BMW iX3 To Be Manufactured In China

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2020 BMW iX3 To Be Manufactured In China

26 Apr 2018, 19:13 UTC · by Mircea Panait
/ Home / News / Car Profile

Ahead of the 2018 Beijing Motor Show, BMW confirmed that the X3 would be made at the Dadong plant in Shenyang in addition to the Spartanburg plant in the United States, serving the People’s Republic and other markets in Asia.
13 photosWhat we didn’t know, however, was if the iX3 electric crossover based on the X3 would be manufactured in the Middle Kingdom as well. And as the headline implies, it will.
From Automotive News: “BMW plans to begin producing its first full-electric SUV, dubbed the iX3, in 2020 at its joint-venture plant in the northern city of Shenyang.” According to the report, the German automaker and Brilliance China Automotive Holdings Ltd. “will sell the model abroad.”
BMW offered potential customers an early taste of the car at Auto China 2018, with the iX3 looking extremely similar to the X3. The kidney grilles and design of the bumpers are the biggest changes, as is the charging port door on the driver’s side of the vehicle. The door will be shared with the X3 iPerformance plug-in hybrid as well.
Contrary to expectations, the concept features one electric motor instead of a dual-motor setup in the same vein as Tesla and Jaguar. Quoted to develop more than 270 horsepower, the iX3 will deliver “over 400 kilometers (249 miles)” of range in the WLTP test cycle.
The lithium-ion battery, on the other hand, has a net capacity of “over 70 kWh.” For reference, the Tesla Model S comes from the get-go with 75 kWh and the much, much smaller Chevrolet Bolt relies on the energy stored in a 60-kWh battery pack.
When all is said and done, the iX3 isn't a bad effort at all. In fact, it’s the building block towards “fifth-generation BMW eDrive technology.” By that, the automaker refers to an electric drivetrain that will launch in 2021. The party piece is the driving range, estimated at 700 kilometers (435 miles).

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Brabham BT62: 5.4-litre V8-powered hypercar due next week

Brabham Automotive has released a new preview image of its upcoming BT62 hypercar, which is due to be revealed next week. The new picture is of the car’s badge and follows another image that showed the rear LED lights and a large carbonfibre rear wing in darkness. Brabham describes its model as a “low-slung, race-inspired car”. It will cost… Continue reading Brabham BT62: 5.4-litre V8-powered hypercar due next week

Opel employees crowd Höcke

The future of Opel in Eisenach is uncertain, the parent company wants to save. Now Thuringia AfD boss Höcke wanted to support the workforce in their protest – but the struggled. Björn Höcke Wednesday, 25.04.2018 12:52 clock “Goodbye, goodbye”: Thuringia AFD-Boss Björn Höcke is visibly upset when the OpelEmployees keep calling him those words. Actually… Continue reading Opel employees crowd Höcke

‘2018 might see a road-legal production car hit 300mph. Pointless? In every practical sense, yes’

This year will, in all likelihood, see a road-legal production car (perhaps more than one) attempt to hit 300mph. Pointless? In every practical sense, yes, completely and utterly. Still, you have to admit that, however daft, it’s a pretty remarkable target for cars that are road-legal and more than wild one-offs. It wasn’t so long… Continue reading ‘2018 might see a road-legal production car hit 300mph. Pointless? In every practical sense, yes’

Can GM Korea avoid bankruptcy? Company says deal deadline is Friday

Workers from subcontractors of GM Korea and citizens call for the early normalization of the ailing carmaker’s operations during a rally in Incheon, west of Seoul, South Korea, April 17, 2018. (Photo: YONHAP/EPA-EFE/REX/Shutterstock,) The window for an agreement to save General Motors’ money-losing South Korea unit is nearly closed, according to a GM spokesman. The spokesman… Continue reading Can GM Korea avoid bankruptcy? Company says deal deadline is Friday